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Agenda 06/14/2022 Item #16G2 (Marco Island Airport Budget Amendment to Recognize Revenue)06/14/2022 EXECUTIVE SUMMARY Recommendation to authorize budget amendments to recognize revenue for Marco Island Executive Airport, in the amount of $1,475,000, and for Immokalee Regional Airport, in the amount of $170,000, 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 $1,475,000, and for the Immokalee Regional Airport, in the amount of $170,000, to accommodate increased fuel purchases and associated operating expenses over budgeted levels. CONSIDERATIONS: Increased fuel sales at the Marco Island Executive and Immokalee Regional airports 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 within Collier County Airport Operating Fund (495), in the amount of $1,475,000, within the Marco Island Executive Airport Cost Center (192370) and in the amount of $170,000, within the Immokalee Regional Airport Cost Center (192330). Purchase orders for aviation fuels and associated operating expenses will be increased accordingly to allow for the continued 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 in the amount of $1,475,000, and for fund center 192330, Immokalee Regional Airport in the amount of $170,000, within Collier County Airport Fund (495) and appropriate the funding to accommodate increased fuel purchases and associated operating expenses over budgeted levels. Prepared by: Andrew Bennett, Executive Airport Manager 16.G.2 Packet Pg. 2015 06/14/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.G.2 Doc ID: 22269 Item Summary: Recommendation to authorize budget amendments to recognize revenue for Marco Island Executive Airport, in the amount of $1,475,000, and for Immokalee Regional Airport, in the amount of $170,000, to accommodate increased fuel purchases and associated operating expenses over budgeted levels. Meeting Date: 06/14/2022 Prepared by: Title: – Growth Management Operations Support Name: Heather Meyer 05/16/2022 9:57 AM Submitted by: Title: Division Director - Operations Support – Growth Management Department Name: Gene Shue 05/16/2022 9:57 AM Approved By: Review: Airport Authority Andrew Bennett Additional Reviewer Completed 05/16/2022 10:17 AM Growth Management Department Jeanne Marcella Growth Management Department Completed 05/16/2022 2:14 PM Growth Management Operations Support Tara Castillo Additional Reviewer Completed 05/17/2022 12:23 PM Growth Management Department Gene Shue Additional Reviewer Completed 05/17/2022 5:50 PM Growth Management Department Trinity Scott Transportation Completed 05/20/2022 3:01 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 05/23/2022 8:30 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 05/23/2022 2:42 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/25/2022 11:12 AM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 06/08/2022 9:03 AM Board of County Commissioners Geoffrey Willig Meeting Pending 06/14/2022 9:00 AM 16.G.2 Packet Pg. 2016