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HomeMy WebLinkAbout269-21 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 269-21 File Number: 2021-0797 ADDITIONAL MOLL FUEL REQUEST: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $60.000.00 FOR THE PURCHASE OF ADDITIONAL MOLL FUEL THROUGH THE END OF 2021 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 the attached budget adjustment in the amount of 560,000.00 for the purchase of additional 100LL fuel through the end of 2021. PASSED and APPROVED on 1 1/2/2021 Attest: ``���� t t t i r► ��,��� `�� DER K �\JG' CITY OX,�`�G ✓,NW,4�W'7 z = _ FAYt77EYIL: L� . Kara Paxton, City Clerk Treasurdt.!Z. 9 ; TON 0 ������ Page 1 Printed on 1113121 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 Text File File Number: 2021-0797 Agenda Date: 11/2/2021 Version: 1 Status: Passed In Control: City Council Meetinq File Type: Resolution Agenda Number: A.12 ADDITIONAL 100LL FUEL REQUEST: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $60,000.00 FOR THE PURCHASE OF ADDITIONAL 100LL FUEL THROUGH THE END OF 2021 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 the attached budget adjustment in the amount of $60,000.00 for the purchase of additional 100LL fuel through the end of 2021. City of Fayetteville, Arkansas Page 1 Printed on 111312021 Summer Fallen Submitted By City of Fayetteville Staff Review Form 2021-0797 Legistar File ID 11/2/2021 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 10/8/2021 AIRPORT SERVICES (760) Submitted Date Division / Department Action Recommendation: Airport -Staff is requesting approval of a budget adjustment for $60,000.00 for an estimated 2 additional loads of 10OLL due to increased 10OLL fuel sales and cost. 5550.760.3955-5213.03- Fuel-AVGA5 Account Number Project Number Budgeted Item? Yes Does item have a cost? No Budget Adjustment Attached? Yes Purchase Order Number: Change Order Number: Original Contract Number: Comments: Budget Impact: Current Budget Funds Obligated Current Balance Item Cost Budget Adjustment Remaining Budget Airport Fund Project Title $ 214,009.00 $ 209,732.55 $ 4,276.45 $ 60,000.00 64,276.45 V20210527 Previous Ordinance or Resolution # Approval Date: CITY OF FAYETTEVILLE ARKANSAS MEETING OF NOVEMBER 2, 2021 TO: Mayor and City Council THRU: Susan Norton, Chief of Staff Terry Gulley, Transportation Services Director FROM: Summer Fallen, Airport Director DATE: October 8, 2021 CITY COUNCIL MEMO SUBJECT: Additional 1 HILL Fuel request with approval of a budget adjustment RECOMMENDATION: Staff is requesting approval of a budget adjustment for $60,000.00 for an estimated 2 additional loads of 1001-L. BACKGROUND: As of September 30, 2021, the airport is up 76.95% in fuel sales over last year. The cost of 1 WILL has increased from $3.07 a gallon to $3.83 a gallon. The airport operations have increased this year with traffic from the flight school, sky diving and general operations, and anticipates the need of additional fuel with Arkansas Razorback football season. BUDGET/STAFF IMPACT: Staff is requesting funding for 2 additional loads of 10OLL in the amount of $60,000.00. The increase in sales will generate additional revenue to offset the requested expense. 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 $60,000.00 for two additional loads of 10OLL Fuel. The airport is experiencing an increase in fuel sales, and the cost of fuel has risen. COUNCIL DATE: 1 1 /2/2021 LEGISTAR FILE ID#: 2021-0797 Hovy 3lack� 1011112021 2:50 PM Budget Director Date TYPE: D - (City Council) JOURNAL #: GLDATE: 11/2/2021 RESOLUTION/ORDINANCE CHKD/POSTED: TOTAL 60,000 60,000 v.20210831 Increase / (Decrease) Proiect.Sub# Account Number Expense Revenue Project Sub.Detl AT Account Name 5550.760.3940-4456.01 - 60,000 RE Aviation Fuel - AVGAS Revenues 5550.760.3955-5213.03 60,000 - EX Fuel - AVGAS H:\Budget Adjustments\2021_Budget\City Council\11-02-2021\2021-0797 BA Airport addtl AVGAS.xlsm 1 of 1