HomeMy WebLinkAbout228-22 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 228-22
File Number: 2022-0860
PURCHASE ADDITIONAL LOADS OF FUEL:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF
$579,000.00 FOR THE PURCHASE OF ADDITIONAL LOADS OF JET FUEL AND AVGAS
DUE TO INCREASING FUEL SALES AND RISING FUEL COSTS
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 $579,000.00 for the purchase of additional loads of jet fuel and
Avgas due to increasing fuel sales and rising fuel costs.
PASSED and APPROVED on 10/4/2022
Attest:
Kara Paxton, City Clerk Treasurer
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City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
Text File
File Number: 2022-0860
Agenda Date: 10/4/2022 Version: 1 Status: Passed
In Control: City Council Meetinq File Type: Resolution
Agenda Number: A.11
PURCHASE ADDITIONAL LOADS OF FUEL:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $579,000.00 FOR
THE PURCHASE OF ADDITIONAL LOADS OF JET FUEL AND AVGAS DUE TO INCREASING
FUEL SALES AND RISING FUEL COSTS
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 $579,000.00 for the purchase of additional loads of jet fuel and Avgas due to
increasing fuel sales and rising fuel costs.
City of Fayetteville, Arkansas Page 1 Printed on 101512022
Jared Rabren
Submitted By
City of Fayetteville Staff Review Form
2022-0860
Legistar File ID
10/4/2022
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
9/9/2022 AIRPORT SERVICES (760)
Submitted Date Division / Department
Action Recommendation:
Airport -Staff is requesting approval of a budget adjustment in the amount of $579,000.00, with $406,000.00
funding additional loads of jet fuel and $173,000.00 for additional loads of Avgas due to increasing in fuel sales and
rising fuel costs.
5550.760.3955-5213.02
5550.760.3955-5213.04
Account Number
Project Number
Budgeted Item? Yes
Does item have a cost? No
Budget Adjustment Attached? Yes
Budget Impact:
Current Budget
Funds Obligated
Current Balance
Item Cost
Budget Adjustment
Remaining Budget
Airport
Fund
Project Title
$
2,709,690.00
$
1,838,568.17
871,121.83
$
579,000.00
1,450,121.83
V20210527
Purchase Order Number: 2022-00000079/2022-00000080 Previous Ordinance or Resolution #
Change Order Number: Approval Date:
Original Contract Number:
Comments:
CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF OCTOBER 4, 2022
TO: Mayor and City Council
THRU: Susan Norton, Chief of Staff
Terry Gulley, Transportation Services Director
FROM: Jared Rabren, Airport Director
DATE: September 9, 2022
CITY COUNCIL MEMO
SUBJECT: Additional fuel request with an approval of a budget adjustment
RECOMMENDATION:
Airport -Staff is requesting approval of a budget adjustment in the amount of $579,000.00, with
$406,000.00 funding additional loads of jet fuel and $173,000.00 for additional loads of Avgas
due to increasing fuel sales and rising fuel costs.
BACKGROUND:
The cost of jet fuel has increased from 2.14/gal. to 4.278/gal. The cost of Avgas has increased
from 3.51/gal. to 5.402/gal. Airport fuel sales are continuing to increase with charter, DLA, and
business traffic. The additional funds should provide budget through the end of the year for
expenses related to fuel, barring future drastic increase in price.
BUDGET/STAFF IMPACT:
Staff is requesting funding for additional loads of Jet Fuel in the amount of $406,000.00 and
10OLL in the amount of $173,000.00. The increase in fuel sales will generate additional revenue
to offset the requested expense.
Attachments:
Staff Review Form
City Council Memo
Budget Adjustment
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)
2022 /Org2
Requestor: Dee McCoy
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Airport -Staff is requesting approval of a budget adjustment in the amount of $579,000 for additional loads of jet fuel
and 10OLL due to the increase in fuel sales and the rising cost of fuel.
RESOLUTION/ORDINANCE
COUNCIL DATE: 10/4/2022
LEGISTAR FILE ID#: 2022-0860
KP,vLwSpr �
911412022 11:58 AM
Budget Director Date
TYPE: D - (City Council)
JOURNAL #:
GLDATE:
CHKD/POSTED:
TOTAL
Account Number
579,000 579,000
Increase / (Decrease)
Expense Revenue
Proiect.Sub#
Project Sub.Detl AT
v.20220818
Account Name
5550.760.3940-4456.02
- 406,000
RE
Aviation Fuel - Jet Fuel Revenues
5550.760.3940-4456.01
5550.760.3955-5213.02
- 173,000
406,000 -
RE
EX
Aviation Fuel - AVGAS Revenues
Fuel - Jet Fuel
5550.760.3955-5213.03
173,000 -
EX
Fuel - AVGAS
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