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6.2.
Regular City Council Meeting
Meeting Date:
04/27/2021
Information
Agenda Item
Budget Ordinance Amendment 2nd Reading - Finance:
Consider Budget Ordinance No. 2021-O0035, Amendment 17, amending the FY 2020-21 Budget for municipal purposes respecting the Airport Capital Fund and the Airport Customer Facility Charge (CFC) Fund to transfer remaining funding from Capital Improvement Projects 8593 Consolidated Rental Car Facility Design and 92508 Consolidated Rental Car Facility Construction from the Airport Capital Fund to the Customer Facility Charge Fund and to appropriate funding for Capital Improvement Project 92619 Construct Federal Inspection Services Facility; providing for filing; and providing for a savings clause.
Item Summary
On April 13, 2021, the City Council approved the first reading of the ordinance.
I. Amend the FY 2020-21 Budget by transferring $1,523,433.86. in funding remaining from completed Capital Improvement Projects 8593 Consolidated Rental Car Facility Design and 92508 Consolidated Rental Car Facility Construction from the Airport Capital Project Fund to the CFC Fund. These capital projects closed with an excess of $1,523,433.86 in funding that needs to be returned to the CFC Fund.
II. Amend CIP 92619, Construct Federal Inspection Services Facility, and increase the appropriation and funding by $2,450,000 from $300,000 to $2,750,000. The additional funding will come from Federal Aviation Administration Airport Relief Allocation CARES grant.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments
Budget Amendment 17
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