Budget Ordinance Amendment 2nd Reading - Finance: Consider Budget Ordinance No. 2022-O0104, Amendment 31, amending the FY 2021-22 Budget for municipal purposes respecting the Airport Capital Fund; and providing for a savings clause.
Item Summary
On July 12, 2022 the City Council approved the first reading of the ordinance.
I. Establish Capital Improvement Project 92770, Terminal Building Electrical Upgrades, and appropriate funding in the amount of $5,000,000. The funding will be from Bipartisan Infrastructure Law Funds in the amount of $4,750,000, Airport cash from Capital Improvement Project 8616, Terminal Apron Maintenance, in the amount of $156,138, Capital Improvement Project 92614, Acquire Snow Removal Equipment, in the amount of $84,620, and Airport Fund Balance in the amount of $9,242.
II. Amend Capital Improvement Project 8616, Terminal Apron Maintenance, by decreasing funding by $156,138, from $4,315,083 to $4,158,945.
III. Amend Capital Improvement Project 92614, Acquire Snow Removal Equipment, by decreasing funding in the amount of $84,620, from $846,202 to $761,582.
IV. Amend Capital Improvement Project 92614, Acquire Snow Removal Equipment, by appropriating funding in the amount of $57,300, from $761,582 to $818,882. The additional funding will be from the Coronavirus Aid Relief and Economic Securities Act.
V. Amend Capital Improvement Project 8648, Airfield Pavement Maintenance, by appropriating funding in the amount of $291,684, from $809,690 to $1,101,374. The additional funding will be from the Coronavirus Aid Relief and Economic Securities Act.
