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510 Municipal Airport Fund
<br />FY20 FY20 FY20
<br />Adopted SB1 Action Revised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL 25,365,374 (10,434,243)a 14,931,131
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 43,700 0 43,700
<br /> Intergovernmental 9,519,000 8,833,258 b 18,352,258
<br /> Rental 1,006,102 0 1,006,102
<br /> Charges for Services 14,859,082 0 14,859,082
<br /> Fines/Forfeitures 3,200 0 3,200
<br /> Miscellaneous 193,602 0 193,602
<br />Total Revenue 25,624,686 8,833,258 34,457,944
<br />TOTAL RESOURCES 50,990,060 (1,600,985)49,389,075
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Fire and Emergency Medical Services 1,291,890 0 1,291,890
<br /> Police 1,114,114 3,560 e 1,117,674
<br /> Public Works 9,936,238 (227,159)d,e 9,709,079
<br />Total Department Operating 12,342,242 (223,599)12,118,643
<br />Capital Projects
<br /> Capital Projects 11,612,500 300,000 e 11,912,500
<br /> Capital Carryover 11,407,448 (1,421,520)c 9,985,928
<br />Total Capital Projects 23,019,948 (1,121,520)21,898,428
<br />Non-Departmental
<br /> Interfund Transfers 744,000 0 744,000
<br /> Reserves 6,358,213 (1,135,863)a,b 5,222,350
<br /> Balance Available 8,525,657 879,997 a,c,d,e 9,405,654
<br />Total Non-Departmental 15,627,870 (255,866)15,372,004
<br />TOTAL REQUIREMENTS 50,990,060 (1,600,985)49,389,075
<br />510 Municipal Airport Fund
<br />a) Beginning Working Capital Reconciliation: Decrease the budgeted Beginning Working Capital by
<br />$10,434,243, decrease Reserves by $9,969,121, and decrease Balance Available by $465,122. This adjustment
<br />brings the FY20 Budgeted Beginning Working Capital in compliance with the audited FY19 actual revenues and
<br />expenditures as determined by Isler CPA, the City's external auditor.
<br />c) Capital Carryover Reconciliation: Decrease Capital Carryover appropriations by $1,421,520 and increase
<br />Balance Available by the same amount. This adjustment reconciles the FY20 Capital Carryover Estimate to the
<br />actual ending FY19 capital projects balance.
<br />b) Reappropriations: Recognize Intergovernmental revenues for previously budgeted Airport grants in the amount
<br />of $8,833,258 and increase Reserves by the same amount.
<br />d) Encumbrance Estimate Reconciliation: Decrease the Public Works Department operating appropriations by
<br />$403,159 to reconcile the amount estimated for payment of obligations incurred but not paid in FY19 to the actual
<br />amount paid, and increase Balance Available by the same amount.
<br />e) One-Time Funding Requests: Increase Police Department operating appropriation by $3,560 for EPEA
<br />contract costs, increase Public Works Operating appropriation by $176,000 for Wildlife Biology Contract ($84,000)
<br />and Jet Bridge Repairs ($92,000), increase Capital appropriation by $300,000 for Checked Baggage Inspection
<br />System and decrease Balance Available by $479,560 .December 9, 2019, Meeting – Item 4CC Agenda - Page 318
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