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HomeMy WebLinkAbout2022 AIRPORT Budget adjustmentBUDGET ADJUSTMENT REQUEST FORM Dept:Fiscal Year Affected:2022 Expense Accounts to Receive Increased Budget: Account:48447-5779 Amount:318,000 Name:CRACK&SEAL COAT/MARKING-FAA Account:Amount:Name: TOTAL:318,000 Accounts Where Budget is Coming From: Account:48447-3322 Amount:286,200 Name:FEDERAL GRANT Account:48447-3350 Amount:8,000 Name:STATE GRANT Account:48447-3999 Amount:23,800 Name:FUND BALANCE CARRYOVER TOTAL:318,000 Net Expense less Revenue - (This must be zero) Coming From:Contingency: Other Expense: New Revenue:318,000 TOTAL INCREASE - Reason for the Increase: Signed: Dept Head:Date: CFO:Date: Mayor:Date: Approved by the City Council (*if necessary) on this Date: *City Council approval required if: 1)$10,000 or more is taken from Contingency 2)$50,000 or more is a change in a Capital Purchase 3)New Full-time Regular personnel positions 4)Additional Full-time Regular personnel 5)New Types of Major Programs Applying for grant to do this work at the airport. Would need to hire a design firm first to design and then bid out and manage the project. 90% would be funded by an FAA federal Grant. Airport 2.5% would be covered by state grant. Remaining 7.5% to be split 50/50 by City/County. City and County reserve is already in place in the budget of $113,700 approximately at last fiscal year end.