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Agenda 05/24/2011 Item #16G15/24/2011 Item 16.G.1. EXECUTIVE SUMMARY Approve budget amendments for $612,320 to increase budgeted revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport, Immokalee Regional Airport, and Everglades Airpark. OBJECTIVE: To approve budget amendments for $612,320 to increase budgeted revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport, Immokalee Regional Airport, and Everglades Airpark. CONSIDERATIONS: In preparing the FY 2011 budget, the unprecedented rise in fuel costs was not anticipated. As shown in the table below, on average the current cost of a gallon of aviation fuel is more than $1.50 higher than budgeted for FY 2011. The volume sold is not expected to be substantially different from budgeted; however, the purchase price has increased. The budget authorization for fuel purchases at the three County owned airports will be exhausted well before year end. FISCAL IMPACT: The fiscal impact of these budget amendment requests net to zero. The budget for Av Gas Fuel Expense and revenue will each be increased by $41,520 for the Everglades Airpark Cost Center. The budget for Av Gas Fuel Expense and revenue will each be increased by $82,560 for the Immokalee Cost Center. The budget for Airport Jet A Fuel Expense and revenue will each be increased by $66,560 for the Immokalee Cost Center. The budget for Av Gas Fuel Expense and revenue will each be increased by $124,320 for the Marco Cost Center. The budget for Jet Fuel Expense and revenue will each be increased by $297,360 for the Marco Cost Center. LEGAL CONSIDERATIONS: This item raises no legal issues and requires majority vote for approval. -JAK GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. RECOMMENDATION: That the Board of County Commissioners approve budget amendments for $612,320 for the purchase and sale of aviation fuel at Marco Island Executive Airport, Immokalee Regional Airport, and Everglades Airpark. Prepared by Debi Mueller, Office Manager, Collier County Airport Authority Packet Page -1874- Everglades Immokalee Marco Av Gas Av Gas Jet A Av Gas Jet A Budgeted Cost/Gallon $ 3.47 $ 3.17 $ 2.48 $ 3.07 $ 2.56 Average Cost/Gallon YTID $ 3.75 $ 4.10 $ 3.49 $ 4.09 $ 3.29 Current Cost (5/4/11) $ 4.95 $ 4.91 $ 3.97 $ 4.93 $ 3.93 Estimated Cost (5 % Increase) $ 5.19 $ 5.16 $ 4.16 $ 5.18 $ 4.13 Gallons to be Purchased 8,000 16,000 16,000 24,000 72,000 Cost to Purchase $ 41,520.00 $ 82,560.00 $ 66,560.00 $ 124,320.00 $ 297,360.00 Aviation fuel is purchased in 8,000 - gallon increments. FISCAL IMPACT: The fiscal impact of these budget amendment requests net to zero. The budget for Av Gas Fuel Expense and revenue will each be increased by $41,520 for the Everglades Airpark Cost Center. The budget for Av Gas Fuel Expense and revenue will each be increased by $82,560 for the Immokalee Cost Center. The budget for Airport Jet A Fuel Expense and revenue will each be increased by $66,560 for the Immokalee Cost Center. The budget for Av Gas Fuel Expense and revenue will each be increased by $124,320 for the Marco Cost Center. The budget for Jet Fuel Expense and revenue will each be increased by $297,360 for the Marco Cost Center. LEGAL CONSIDERATIONS: This item raises no legal issues and requires majority vote for approval. -JAK GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. RECOMMENDATION: That the Board of County Commissioners approve budget amendments for $612,320 for the purchase and sale of aviation fuel at Marco Island Executive Airport, Immokalee Regional Airport, and Everglades Airpark. Prepared by Debi Mueller, Office Manager, Collier County Airport Authority Packet Page -1874- COLLIER COUNTY Board of County Commissioners Item Number: 16.G.1. 5/24/2011 Item 16.G.1. Item Summary: Approve budget amendments for $612,320 to increase budgeted revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport, Immokalee Regional Airport, and Everglades Airpark. Meeting Date: 5/24/2011 Prepared By Name: BrueggemanDebra Title: Operations Coordinator, Airport Authority 5/9/2011 1:50:40 PM Submitted by Title: Executive Director - Airport Authority,Airport Authority Name: CurryChris 5/9/2011 1:50:42 PM Approved By Name: CurryChris Title: Executive Director - Airport Authority,Airport Authority Date: 5/12/20114:37:34 PM Name: GreenwaldRandy Title: Management/Budget Analyst,Office of Management & B Date: 5/13/20118:13:32 AM Name: KlatzkowJeff Title: County Attorney, Date: 5/13/2011 11:07:26 AM Name: OchsLeo Title: County Manager Date: 5/15/2011 9:14:47 PM Packet Page -1875- BUDGET AMENDMENT REQUEST 495 Collier County Airport Authority Fund No. Fund Description (type on line above) 5/24/2011 Item 16.G.1. For Budget/Finance Use Only BA# _ JE # BAR# APH Date Date Prepared: 5/5/2011 (Attach Executive Summary) Approved by BCC on: Item No. Expense Budget Detail Fund Center Title: Everglades Airpark Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Proaram must enter Fund Center infn) 192350 Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 192350 642415 Av Gas Fuel Expense 41,520.00 49,800.00 91,320.00 Net Change to Budget $ 41,520.00 Expense Budget Detail Fund Center Title: Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Prnaram must enter F. and Cenrar infnl Fund Funded Center Program Commit Item Commitment Item Description Increase Decrease Current Bud et Revised Budget Net Change to Budget $ - Expense Budget Detail Fund Center Title: Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Pronram must center Punri r'entar infnl Fund Center Funded Pro ram Commit Item Commitment Item Increase Description Decrease Current Bud et Revised Budget Net Lnange to Budget $ Packet Page -1876- 5/24/2011 Item 16.G.1. Revenue Budget Detail Fund Center Title: Everglades Airpark Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Program, must enter Fund Center info) 192350 Fund Center Funded Program Commit Item Commitment Item Description Increase Current Decrease Budget Revised Budget 192350 344240 Airport Av Gas Fuel 41,520.00 58,900.00 100,420.00 Net Change to Budget $ 41,520.00 EXPLANATION Why are funds needed? (type below) No additional funds are needed. The revenues derived from additional sales will offset the cost of additional fuel purchases. Where are funds available? (type below) N/A REVIEW PROCESS Cost Center Director": Date Division Administrator": Date Budget Department: Date Agency Manager Date Finance Department: Date Clerk to the Board Admin: Date Inputted by: Date BA number (SAP) If this is uploaded into Novus with an Executive Summary, no signatures are required from the Cost Center Director or Division Administer. If this is uploaded into Novus, please do NOT sent a paper copy of the Budget Amendment to the Office of Management and Budget office, OMB will download all budget amendments from Novus and will process after the BCC meeting. I :\ Forms\ County Forms\ Budget\ Budget Amendment Form.xls (excel format) Packet Page -1877- BUDGET AMENDMENT REQUEST 495 Fund No. Date Prepared: Approved by BCC on: Collier County Airport Authority Fund Description (type on line above) 5/24/2011 Item 16.G.1. For Budget/Finance Use Only BA# JE # BAR# APH Date 5/5/2011 (Attach Executive Summary) Expense Budget Detail Item No. Fund Center Title: IMM Regional Airport Fund Center No.: 192330 Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Proaram, must enter Fund Center info) Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 192330 642415 Av Gas Fuel Expense 82,560.00 64,100.00 146,660.00 192330 64216 Jet A Fuel Expense 66,560.00 170,000.00 236,560.00 Net Change to Budget $ 149,120.00 Expense Budget Detail Fund Center Title: Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Proaram. must enter Fund Center info) Fund Funded Center Program Commit Item Commitment Item Description Increase Decrease Current Revised Budget Budget Current Bud et Revised Budget Net Change to Budget $ - Expense Budget Detail Fund Center Title: Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Proaram_ must PntPr Fund CPntPr infnl Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Bud et Revised Budget Net Change to Budget $ - Packet Page -1878- 5/24/2011 Item 16.G.1. Revenue Budget Detail Fund Center Title: IMM Regional Airport Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Program, must enter Fund Center info) 192330 Fund Center Funded Commit Program Item Commitment Item Description Increase Decrease Current Budget Revised Budget 192330 344240 Airport Av Gas Fuel 82,560.00 84,100.00 166,660.00 192330 344260 Airport Jet A Fuel 66,560.00 239,300.00 305,860.00 Net Change to Budget $ 149,120.00 EXPLANATION Why are funds needed? (type below) No additional funds are needed. The revenues derived from additional sales will offset the cost of additional fuel purchases. Where are funds available? (type below) N/A REVIEW PROCESS Cost Center Director *: Date Division Administrator *: Date Budget Department: Date Agency Manager Date Finance Department: Date Clerk to the Board Admin: Date Inputted by: Date BA number (SAP) If this is uploaded into Novus with an Executive Summary, no signatures are required from the Cost Center Director or Division Administer. If this is uploaded into Novus, please do NOT sent a paper copy of the Budget Amendment to the Office of Management and Budget office, OMB will download all budget amendments from Novus and will process after the BCC meeting. I:\ Forms\ County Forms\ Budget\ Budget Amendment Form.xls (excel format) Packet Page -1879- BUDGET AMENDMENT REQUEST 495 Fund No. Date Prepared: Approved by BCC on: Collier County Airport Authority Fund Description (type on line above) 5/24/2011 Item 16.G.1. For Budget/Finance Use Only BA# JE # BAR# APH Date 5/5/2011 (Attach Executive Summary) Expense Budget Detail Item No. Fund Center Title: Marco Island Executive Airport Fund Center No.: 192370 Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Program, must enter Fund Center info) Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 192370 642415 Av Gas Fuel Expense 124,320.00 192,100.00 316,420.00 192370 64216 Jet A Fuel Expense 297,360.00 859,600.00 1,156,960.00 Net Change to Budget Expense Budget Detail Fund Center Title: Funded Program (Project) Title: (only one Fund Center /Funded Program should be entered into this section $ 421,680.00 Fund Center No.: 5 -digit Fd Prog #: If nmanrimant is fnr Pi-1 ri Prnnnom .et anfar Gnnrf r`nnfnr i.,f.,l Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget Net Change to Budget Expense Budget Detail Fund Center Title: Funded Program (Project) Title: (only one Fund Center /Funded Program should be entered into this section Fund Center No.: 5 -digit Fd Prog #: If nmanrimant is fnr Fi inriari Prnnrnm oct nnfnr M-1 r`—+., i.,f.,\ Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget Net Change to Budget $ Packet Page -1880- 5/24/2011 Item 16.G.1. Revenue Budget Detail Fund Center Title: Marco Island Executive Airport Fund Center No.: Funded Program (Project) Title: 5 -digit Fd Prog #: (only one Fund Center /Funded Program should be entered into this section. If amendment is for Funded Program, must enter Fund Center info) 192370 Fund Center Funded Program Commit Item Commitment Item Description Increase Decrease Current Budget Revised Budget 192330 344240 Airport Av Gas Fuel 124,320.00 282,100.00 406,420.00 192330 344260 Airport Jet A Fuel 297,360.00 1,605,000.00 1,902,360.00 Net Change to Budget $ 421,680.00 EXPLANATION Why are funds needed? (type below) No additional funds are needed. The revenues derived from additional sales will offset the cost of additional fuel purchases. Where are funds available? (type below) N/A REVIEW PROCESS Cost Center Director *: Date Division Administrator *: Date Budget Department: Date Agency Manager Date Finance Department: Date Clerk to the Board Admin: Date Inputted by: Date BA number (SAP) If this is uploaded into Novus with an Executive Summary, no signatures are required from the Cost Center Director or Division Administer. If this is uploaded into Novus, please do NOT sent a paper copy of the Budget Amendment to the Office of Management and Budget office, OMB will download all budget amendments from Novus and will process after the BCC meeting. I:\ Forms\ County Forms\ Budget\ Budget Amendment Form.xls (excel format) Packet Page -1881-