HomeMy WebLinkAbout227-21 RESOLUTION113 West Mountain Street
Fayetteville. AR 72701
(479) 575-8323
Resolution: 227-21
File Number: 2021-0675
ADDITIONAL JET FUEL PURCHASE:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF
$413,169.00 TO APPROPRIATE ADDITIONAL FUNDING FOR THE PURCHASE OF JET
FUEL THROUGH THE END OF 2021
WHEREAS, the airport has experienced a 72.05% increase in jet fuel sales over 2020 and the cost
of jet fuel has increased from $2.03 per gallon to $2.37 per gallon; and
WHEREAS. airport staff believe an additional 23 loads of jet fuel will be needed through the end of
the year and the increase in sales will generate additional revenue to offset the requested expense.
NOW THEREFORE, 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 to this Resolution, in the amount of $413,169.00 to
appropriate additional funding for the purchase of jet fuel through the end of 2021.
PASSED and APPROVED on 9/21/2021
Mayor
Attest:
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Kara Paxton, City Clerk TrequSOr
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41
Page 1 Priw
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
Text File
File Number: 2021-0675
Agenda Date: 9/21/2021 Version: 1 Status: Passed
In Control: City Council Meetinq File Type: Resolution
Agenda Number: A.2
ADDITIONAL JET FUEL PURCHASE:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $413,169.00 TO
APPROPRIATE ADDITIONAL FUNDING FOR THE PURCHASE OF JET FUEL THROUGH THE
END OF 2021
WHEREAS, the airport has experienced a 72.05% increase in jet fuel sales over 2020 and the cost of jet fuel
has increased from $2.03 per gallon to $2.37 per gallon; and
WHEREAS, airport staff believe an additional 23 loads of jet fuel will be needed through the end of the year
and the increase in sales will generate additional revenue to offset the requested expense.
NOW THEREFORE, 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 to this Resolution, in the amount of $413,169.00 to appropriate additional funding for
the purchase of jet fuel through the end of 2021.
City of Fayetteville, Arkansas Page 1 Printed on 912212021
Summer Fallen
Submitted By
City of Fayetteville Staff Review Form
2021-0675
Legistar File ID
9/21/2021
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
8/26/2021 AIRPORT SERVICES (760)
Submitted Date Division / Department
Action Recommendation:
Airport -Staff is requesting approval of a budget adjustment for $413,169.00 for an estimated 23 additional loads of
jet fuel due to increased Jet fuel sales.
Budget Impact:
5550.760.3955-5213.02- Jet Fuel
Account Number
Project Number
Budgeted Item? Yes Current Budget
Funds Obligated
Current Balance
Does item have a cost? No Item Cost
Budget Adjustment Attached? Yes Budget Adjustment
Remaining Budget
Purchase Order Number:
Change Order Number:
Original Contract Number:
Comments:
Airport
Fund
Project Title
$ 1,008,720.00
$ 839,779.36
168,940.64
$ 413,169.00
582,109.64
Previous Ordinance or Resolution #
Approval Date:
V20210527
CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF SEPTEMBER 21, 2021
TO: Mayor and City Council
THRU: Susan Norton, Chief of Staff
Terry Gulley, Transportation Services Director
FROM: Summer Fallen, Airport Director
DATE: August 26, 2021
CITY COUNCIL MEMO
SUBJECT: Additional Jet Fuel request with budget adjustment
RECOMMENDATION:
Staff is requesting approval of a budget adjustment for $413,169.00 for an estimated 23
additional loads of jet fuel.
BACKGROUND:
As of July 31, 2021, the airport is up 72.05% in fuel sales over last year. The cost of jet fuel has
increased from $2.03 a gallon to $2.37 a gallon. The airport operations have increased this year
with charter and DLA traffic, and anticipates the need of additional fuel with Arkansas
Razorback football season approaching.
BUDGET/STAFF IMPACT:
Staff is requesting funding for 23 additional loads of Jet Fuel in the amount of $413,169.00.
The increase in sales will generate additional revenue to offset the requested expense. On
average, each additional load of jet fuel will net $12,000 in revenue.
Attachments:
Staff Review Form
City Council Memo
BA
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar)
Budget Year Division Adjustment Number
AIRPORT SERVICES (760)
2021 /Org2
Requestor: Dee McCoy
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Staff is requesting approval of a budget adjustment in the amount of $413,169.00 to cover the cost of additional Jet
Fuel loads to the end of the year. The airport is experiencing an increase in fuel sales and the cost of fuel has gone up.
COUNCIL DATE:
LEGISTAR FILE ID#:
9/21/2021
2021-0675
HoRy 3lac�
8/30/2021 3:11 PM
Budget Director Date
TYPE: D - (City Council)
JOURNAL #:
GLDATE: 9/21/2021
RESOLUTION/ORDINANCE CHKD/POSTED:
TOTAL 413,169 413,169 v.20210601
Increase / (Decrease) Proiect.Sub#
Account Number Expense Revenue Project Sub.Detl AT Account Name
5550.760.3940-4456.02 - 413,169 RE Aviation Fuel - Jet Fuel Revenues
5550.760.3955-5213.02 413,169 - EX Fuel - Jet Fuel
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