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Agenda 03/08/2022 Item #16G 3 (BA Recognizing revenue for Marco Island Executive Airport)03/08/2022 EXECUTIVE SUMMARY Recommendation to authorize budget amendments to recognize revenue for Marco Island Executive Airport, in the amount of $1,500,000 to accommodate increased fuel purchases and associated operating expenses over budgeted levels. OBJECTIVE: To authorize budget amendments to recognize revenue for Marco Island Executive Airport, in the amount of $1,500,000 to accommodate increased fuel purchases and associated operating expenses over budgeted levels. CONSIDERATIONS: Increased fuel sales at the Marco Island Executive Airport and escalating fuel prices have resulted in a remaining fuel budget that is insufficient to continue purchasing aviation fuels and cover associated operating expenses. Budget amendments are required to recognize forecasted revenue and appropriate funding to accommodate additional fuel purchases and associated operating expenses for the remainder of FY2022. FISCAL IMPACT: Budget amendments are required to recognize and appropriate revenue in the amount of $1,500,000 within Collier County Airport Operating Fund (495), Marco Island Executive Airport Cost Center (192370). Purchase orders for aviation fuels and associated operating expenses at the Marco Island Executive Airport will be increased accordingly to allow for the co ntinued purchase of critical products and services. GROWTH MANAGEMENT IMPACT: There is no growth management impact related to this item. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues and requires majority vote for approval. -JAK RECOMMENDATION: To authorize budget amendments to recognize revenue for fund center 192370, Marco Island Executive Airport, within Collier County Airport Fund (495) in the amount of $1,500,000 and to appropriate the funding to accommodate increased fuel purchases and associated operating expenses over budgeted levels. Prepared by: Andrew Bennett, Executive Airport Manager 16.G.3 Packet Pg. 1090 03/08/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.G.3 Doc ID: 21396 Item Summary: Recommendation to authorize budget amendments to recognize revenue for Marco Island Executive Airport, in the amount of $1,500,000 to accommodate increased fuel purchases and associated operating expenses over budgeted levels. Meeting Date: 03/08/2022 Prepared by: Title: – Growth Management Operations Support Name: Heather Meyer 02/11/2022 2:25 PM Submitted by: Title: Division Director - Operations Support – Growth Management Department Name: Gene Shue 02/11/2022 2:25 PM Approved By: Review: Growth Management Department Jeanne Marcella Growth Management Department Completed 02/11/2022 2:26 PM Growth Management Department Gene Shue Additional Reviewer Completed 02/11/2022 2:48 PM Airport Authority Andrew Bennett Additional Reviewer Completed 02/14/2022 8:38 AM Growth Management Department Trinity Scott Transportation Completed 02/18/2022 9:06 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 02/18/2022 9:15 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/18/2022 10:13 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 02/25/2022 10:00 AM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 03/01/2022 4:10 PM Board of County Commissioners Geoffrey Willig Meeting Pending 03/08/2022 9:00 AM 16.G.3 Packet Pg. 1091