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510 Municipal Airport Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 22,258,517 (8,793,350) a 13,465,167
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 43,700 0 43,700
<br /> Intergovernmental 2,917,258 805,869 b 3,723,127
<br /> Rental 989,284 0 989,284
<br /> Charges for Services 12,803,266 6,799,380 b 19,602,646
<br /> Fines/Forfeitures 3,200 0 3,200
<br /> Miscellaneous 20,000 0 20,000
<br />Total Revenue 16,776,708 7,605,249 24,381,957
<br />TOTAL RESOURCES 39,035,225 (1,188,101)37,847,124
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Fire and Emergency Medical Services 1,235,585 0 1,235,585
<br /> Police 709,000 0 709,000
<br /> Public Works 8,822,783 0 8,822,783
<br />Total Department Operating 10,767,368 0 10,767,368
<br />Capital Projects
<br /> Capital Projects 3,613,000 0 3,613,000
<br /> Capital Carryover 12,804,223 (987,126) c 11,817,097
<br />Total Capital Projects 16,417,223 (987,126) 15,430,097
<br />Non-Departmental
<br /> Interfund Transfers 632,000 0 632,000
<br /> Reserves 3,835,436 (7,837,173) a (4,001,737)
<br /> Balance Available 7,383,198 7,636,198 a,b,c 15,019,396
<br />Total Non-Departmental 11,850,634 (200,975)11,649,659
<br />TOTAL REQUIREMENTS 39,035,225 (1,188,101)37,847,124
<br />510 Municipal Airport Fund
<br />a) Beginning Working Capital Reconciliation: Decrease the budgeted Beginning Working Capital by
<br />$8,793,350, decrease Reserves by $7,837,173, and decrease Balance Available by $956,177. This adjustment
<br />brings the FY19 Budgeted Beginning Working Capital in compliance with the audited FY18 actual revenues and
<br />expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />c) Capital Carryover Reconciliation: Decrease capital appropriations by $987,126 and increase Balance
<br />Available by the same amount. This adjustment reconciles the FY19 Capital Carryover Estimate to the actual
<br />ending FY18 capital projects balance.
<br />b) Reappropriations: Recognize Intergovernmental revenues for previously budgeted Airport grants in the
<br />amount of $805,869 and increase Balance Available by the same amount. Increase Charges for Services by
<br />$6,799,380 for Customer Facility Charges ($3,826,400) and for Passenger Facility Charges ($2,972,980) and
<br />increase Balance Available by the same amount.
<br />28 December 10, 2018, Meeting – Item 5
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