Agenda 04/22-23/2008 Item #16G 1
Agenda Item No. 16G1
April 22, 2008
Page 1 of 2
EXECUTIVE SUMMARY
Approve a budget amendment for $628,800 to increase budgeted revenues and
budgeted expenses for the sale and purchase of aviation fuel at Marco Island
Executive Airport
OBJECTIVE: To approve a budget amendment for $628,800 to increase budgeted
revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco
Island Executive Airport,
CONSIDERATIONS: In preparing the FY08 budget, Jet A fuel for Marco Island
Executive Airport was budgeted at $2.34 per gallon. To date the cost has been
averaging $3.22 per gallon,
Because of the increased cost of fuel, the budget authorization for fuel purchases at
Marco Island Executive Airport has been exhausted, In order to purchase additional Jet
A fuel a budget amendment is required.
136,000 gallons of Jet A fuel at a cost of $489,600 is projected to be needed for the
balance of Fiscal year 08.
In preparing the FY08 budget, AvGas for Marco Island Executive Airport was budgeted
at $2,64 per gallon, To date the cost has been averaging $3.44 per gallon.
Because of the increased cost of fuel, the budget authorization for AvGas fuel at Marco
Island Executive Airport has been exhausted, In order to purchase additional AvGas
fuel a budget amendment is required,
40,000 gallons of AvGas fuel at a cost of $139,200 is projected for the balance of fiscal
year 08,
FISCAL IMPACT: The fiscal impact of this budget amendment request nets to zero,
The budget for Jet Fuel Expense will be increased by $489,600, and the budget for
AvGas Fuel Expense will be increased by $139,200, The revenue budget for Airport Jet
A will be increased by $489,600, and the revenue budget for Airport AvGas Fuel will be
increased by $139,200.
GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact
associated with this Executive Summary,
~
RECOMMENDATION: That the Board of County Commissioners approve a budget
amendment for $628,800 for the purchase and sale of aviation fuel at Marco Island
Executive Airport,
Prepared by Theresa M, Cook, Executive Director, Collier County Airport Authority
Page I of I
Agenda Item No. 16G1
April 22, 2008
Page 2 of 2
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
Item Number:
Item Summary:
16G1
Approve a budget amendment for $628,800 to increase budgeted revenues and budgeted
expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport.
Meeting Date:
4/22/2008 9:00:00 AM
Prepared By
Debi Mueller
Account Technican
Date
County Manager's Office
Airport Authority
4/7/20083:38:15 PM
Approved By
Theresa M. Cook
Executive Director
Date
County Manager's Office
Airport Authority
4/9/2008 11 :44 AM
Approved By
OMS Coordinator
OMS Coordinator
Date
County Manager's Office
Office of Management & Budget
4/912008 1 :57 PM
Approved By
Randy Greenwald
Management/Budget Analyst
Date
County Manager's Office
Office of Management & Budget
4110120089:49 AM
Approved By
Leo E. Ochs, Jr.
Deputy County Manager
Date
Board of County
Commissioners
County Manager's Office
4113120086:39 PM
file://C:\AgendaTest\Export\1 05-April%2022,%202008\ 16,%20CONSENT%20AGENDA \ 1.., 4/16/2008