HomeMy WebLinkAbout287-21 RESOLUTIONOF l A]T7
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113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 287-21
File Number: 2021-0883
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF
$198,000.00 FOR THE PURCHASE OF ADDITIONAL JET FUEL DUE TO INCREASED JET
FUEL SALES
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 the attached
budget adjustment in the amount of $198,000.00 for the purchase of an estimated nine additional loads
of jet fuel due to increased jet fuel sales.
PASSED and APPROVED on 1 1/16/2021
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Page 1 Printed on 11/17121
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
Text File
File Number: 2021-0883
Agenda Date: 11/16/2021 Version: 1 Status: Passed
In Control: City Council Meetinq File Type: Resolution
Agenda Number: A.11
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $198,000.00 FOR
THE PURCHASE OF ADDITIONAL JET FUEL DUE TO INCREASED JET FUEL SALES
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 the attached budget
adjustment in the amount of $198,000.00 for the purchase of an estimated nine additional loads of jet fuel due
to increased jet fuel sales.
City of Fayetteville, Arkansas Page 1 Printed on 11/17/2021
Summer Fallen
Submitted By
City of Fayetteville Staff Review Form
2021-0883
Legistar File ID
11/16/2021
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
11/8/2021 AIRPORT SERVICES (760)
Submitted Date Division / Department
Action Recommendation:
Airport -Staff is requesting approval of a budget adjustment for $198,000 for an estimated nine additional loads of
jet fuel due to increased Jet fuel sales.
5550.760.3955-5213.02- Jet Fuel
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
$ 1,421,889.00
$ 1,311,437.84
$ 110,451.16
$ 198,000.00
308,451.16
V20210527
Previous Ordinance or Resolution #
Approval Date:
CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF NOVEMBER 16, 2021
TO: Mayor and City Council
THRU: Susan Norton, Chief of Staff
Terry Gulley, Transportation Services Director
FROM: Summer Fallen, Airport Director
DATE: November 8, 2021
CITY COUNCIL MEMO
SUBJECT: Additional Jet Fuel request with budget adjustment
RECOMMENDATION:
Staff is requesting approval of a budget adjustment for $198,000.00 for an estimated
nine additional loads of jet fuel. This item is being walked on due to the fact that the
budget remaining for fuel will not sustain the airport until the next meeting scheduled for
December 7th, 2021.
BACKGROUND:
As of October 31, 2021, the airport is up 80.33% in fuel sales over last year. The cost of jet fuel
has increased from $2.37 a gallon in July to $2.85 a gallon. The airport operations have
increased this year with charter, DLA, and game day traffic. Additional charter traffic and the
holiday season will drive the sales to remain consistent.
BUDGET/STAFF IMPACT:
Staff is requesting funding for an 9 additional loads of Jet Fuel in the amount of $198,000.00.
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 $198,000.00 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 also risen.
RESOLUTION/ORDINANCE
COUNCIL DATE:
LEGISTAR FILE ID#:
11/16/2021
2021-0883
KP,vLwSpv'i+�
I1/8/2021 5:40 PM
Budget Director Date
TYPE: D - (City Council)
JOURNAL #:
GLDATE:
CHKD/POSTED:
TOTAL 198,000 198,000 v.20211011
Increase / (Decrease) Proiect.Sub#
Account Number Expense Revenue Project Sub.Detl AT Account Name
5550.760.3940-4456.02 - 198,000 RE Aviation Fuel - Jet Fuel Revenues
5550.760.3955-5213.02 198,000 - EX Fuel - Jet Fuel
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