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510 Municipal Airport Fund
<br />
<br /> FY05 FY05 FY05
<br /> Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 20,238,469 (12,571,178) a 7,667,291
<br />CHANGE TO WORKING CAPITAL
<br />
<br /> REVENUE
<br /> Intergovernmental 11,088,989 15,426,291 e,f 26,515,280
<br /> Rental 2,742,215 0 2,742,215
<br /> Charges for Services 3,455,090 0 3,455,090
<br /> Fines/Forfeitures 14,360 0 14,360
<br /> Miscellaneous 135r864 0 135~864
<br /> Total Revenue 17,436,518 15,426,291 32,862,809
<br />
<br /> TOTAL RESOURCES 37,674,987 2,855,113 40,630,100
<br />II. REQUIREMENTS
<br />
<br /> Department Operating
<br /> Fire/Emergency Medical Svcs 613,671 0 613,671
<br /> Police 350,788 0 350,788
<br /> Public Works 3~770r447 468~015 c,e 4~238~462
<br /> Total Department Operating 4,734,906 468,015 5,202,921
<br />
<br /> Capital Projects
<br /> Capital Projects 11,428,545 1,890,000 d 13,318,545
<br /> Capital Carryover 15r577~993 (263,188) b 15~314~805
<br /> Total Capital Projects 27,006,538 1,626,812 28,633,350
<br />
<br /> Non-Departmental
<br /> Debt Service 1,113,925 0 1,113,925
<br /> Interfund Transfers 364,000 0 364,000
<br /> Reserve 3,566,067 (2,497) a,e 3,563,570
<br /> Reserve for Encumbrances 34,315 (34,315) c 0
<br /> Balance Available 855,236 797,098 a,b,c,d,e,f 1,652,334
<br /> Total Non-Departmental 5,933,543 760,286 6,693,829
<br />
<br />TOTAL REQUIREMENTS 37,674,987 2,855,113 40,530,100
<br />510 Municipal Airport Fund
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<br />a) This supplemental request decreases the budgeted Beginning Working Capital by $12,571,178, decreases
<br />balance available by 13,005,309, and increases reserves by $434,131. The decrease brings the FY05 Budgeted
<br />Beginning Working Capital in compliance with the audited FY04 actual revenues and expenditures as determined by
<br />Grove, Mueller & Swank P.C., the City's external auditor.
<br />
<br />b) This supplemental request decreases the capital carryover by $263,188 and increases Balance Available by the
<br />same amount. This change reconciles the FY04 Capital Carryover Estimate to lhe actual ending FY05 capital
<br />projects balance and carryforward.
<br />
<br />c) This supplemental budget eliminates the Reserve for Encumbrance and distributes $19,091 to Public Works for
<br />payment of obligations incurred but not paid in FY04 and places the residual amount ($15,224) in Balance Available.
<br />
<br />d) This request recognizes new FAA grant revenue of $1.8 million for the Airport Runway Project and increases the
<br />Capital budget for $1.89 million, which includes $90,000 from Balance Available which is Eugene's match to the grant.
<br />
<br />e) This supplemental request reappropriates $448,924 to Public Works for the marketing agreement with Delta
<br />Airlines and reduces the Air Service Development Fund reserve by $436,628 and Balance Available by $12,296.
<br />
<br />f) This budget action rebudgets revenues for previously budgeted federally funded capital projects and offsets them
<br />with an increase to Balance Available ($13,626,291).
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