HomeMy WebLinkAbout233-13 RESOLUTIONRESOLUTION NO.233-13
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $39,682.00 TO INCREASE THE AIRPORT BUDGET FOR
AVIATION GASOLINE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $39,682.00
to increase the airport budget for aviation gasoline.
PASSED and APPROVED this 19t" day of November, 2013.
APPROVED:
ATTEST:
If By:4,40k,14" � "4�
SONDRA E. SMITH, City ClerWtsurer
FAYETTEVILLEa�,._
=za w
City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Year Division: Aviation Request Date
2013 1
Department: Transportation Services 11 /19/2013
V13.1031
Legistar
Adjustment Number
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION
Budget Adjustment to increase expense budget line item in the Operations program:
1) Correct overage in the AVGAS expense line item - AVGAS expense is affected by demand and price changes.
AVGAS expense is offset by revenue from sales.
This BA recognizes revenue from the sale of aviation gasoline (AVGAS), which averages approximately $37,000/ mo.
There is available budget in the Admin program that was previously budgeted for AVGAS expense that is no longer
used.
CITY\kspringer
11/1/2013 3:15 PM
Prepared By
Division Head
Kevin Springer
cn=Kevin Springer, odity of Fayetteville,
Arkansas, ou=Budget Director,
email=kspringer@fayetteville-argov,c=US
2013.11.01 15:17:43 -05'00'
Budget Director
Legistar# / Date: 2013-0158 / 11/19/2013
Legistar Title AVIATION AVGAS INCREASE
Budget & Information Management Use Only
Type: A B C D E P
General Ledger Date
Posted to General Ledger
Checked / Verified
Initial Date
Initial Date
TOTAL BUDGET ADJUSTMENT
39,682 39,682
Increase / (Decrease) Project.Sub
Account Name
Account Number
Expense Revenue Number
AVGAS
5550.3955.5213.03
95,000
AVGAS
5550.3940.5213.03
(55,318)
AVGAS rvenues
5550.0955.4456.01 Ri
39,682
HABudgetlBudget Adjustments12013 BudgetU-EGISTARIBA 2013-0158 AVIATIOM _AVGAS INCREASE 20131119.1ds 1 of 4
City of Fayetteville Item Review Form
Ray M. Boudreaux
Submitted By
2013-0153
t egistar File Number
11/19/13
City Council Meeting Date - Agenda Item Only
NIA for Non -Agenda Item
Action Required:
Transportation Services
Department
Action Required: Approve a budget adjustment - Airport Operations program expense.
Does this item have a cost? NO
$39,682.00
Cost of this request
5550.3955.5213.03
Account Number
$1,366,355.00 Matt/Supp
Category or Project Budget
$694,311.00
Funds Used to Date
N/A $632,362.00 Airport
Project Number Remaining Balance Fund Name
Budgeted Item? Budget Adjustment Attached? Yes
V20130812
Previous Ordinance or Resolution #
Original Contract Number.
Comments:
+aA 0,. wj►,-
fib- 0- �,013
//- 6-1-3
Program or Project Name
Airport Operations
Program or Project Category
3 PG3`25 CVO
Zay1e,eV*11'1e
RKANSAS
CITY COUNCIL AGENDA MEMO — November 19, 2013
To: Mayor Lioneld Jordan
Thru: Don Marr, Chief of Staff
Thru: Terry Gulley, Transportation Director
Thru: Staff/Contract Review Committee
From: _ Ray M. Boudreaux, Aviation Director
Date: 11/1/13
Subject: Budget Adjustment for Avgas expense — correct overage
THE CITY OF FAYETTEVILLE, ARKANSAS
AVIATION DIVISION
4500 S School Ave, Ste F
Fayetteville, AR 72701
P (479) 718-7642
PROPOSAL: Increase the expense budget for aviation gasoline, (avgas). The budget adjustment moves
unused expense budget for avgas from the Airport Administration program budget to the Operations program
and recognizes additional revenue from the sale of avgas.
BACKGROUND: The City took over the aircraft fueling operation at Drake Field in March. At the time of
assuming the operation a comprehensive budget adjustment was approved by the City Council to begin the
operation. The amount budgeted for avgas expense at that time has been exceeded and the Airport staff projects
that $95,000 additional is needed in the line item. Two main factors affect the expense for avgas; the cost of fuel
and the volume of sales. Both were underestimated in the original startup budget.
Council approval is required to increase the previously approved overall Division budget. In this case, the
increase in the expense is offset by increased revenue from the sale of the aviation fuel.
RECOMMENDATION: Airport Administration recommends approval of the budget adjustment.
BUDGET IMPACT: Will increase revenue and expense budget line items associated with the sale of avgas.
Telecommunications Device for the Deaf TDD (479) 521-1316 113 West Mountain -Fayetteville, AR 72701
RESOLUTION NO.
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $39,682.00 TO INCREASE THE AIRPORT BUDGET FOR
AVIATION GASOLINE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
i
Section l: That the City Council of the City of Fayetteville, Arkansas hereby approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $39,682.00
to increase the airport budget for aviation gasoline.
PASSED and APPROVED this 19th day of November, 2013.
APPROVED:
By:
LIONELD JORDAN, Mayor
ATTEST:
By:
SONDRA E. SMITH, City Clerk/Treasurer