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Agenda 07/26/2011 Item #16G37/26/2011 Item 16.G.3. EXECUTIVE SUMMARY Recommendation to authorize a budget amendment to transfer $20,103.85 remaining in the Everglades Airpark Dwelling Project to Reserve for Contingencies to be used as match funds for future grants. OBJECTIVE: To utilize funds remaining in the Everglades dwelling project as match funds for future grants. CONSIDERATIONS: The Airport Authority received insurance proceeds in the amount of $26,356.85 for damage to the sheriff dwelling at Everglades Airport resulting from Hurricane Wilma. Six thousand two hundred fifty three dollars ($6,253) of these proceeds were used to demolish the dwelling. The remaining balance of $20,103.85 is not sufficient to replace the dwelling. Staff recommends that these funds be transferred to Reserve for Contingencies to be used as match funds for future grants. FISCAL IMPACT: A budget amendment is necessary to transfer $20,103.85 from the Everglades dwelling project in Fund 496 to Reserve for Contingencies. GROWTH IMPACT: None. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney. It presents no legal issues and requires a majority vote. - JAK RECOMMENDATION: That the Board of County Commissioners, acting as the Airport Authority, authorize a budget amendment to transfer insurance proceeds of $20,103.85 to Reserve for Contingencies to be used as match funds for future grants. Prepared by: Chris Curry, Executive Director, Col tier County Airport Authority Packet Page -2479- 7/26/2011 Item 16.G.3. COLLIER COUNTY Board of County Commissioners Item Number: 16.G.3. Item Summary: Recommendation to authorize a budget amendment to transfer $20,103.85 remaining in the Everglades Airpark Dwelling Project to Reserve for Contingencies to be used as match funds for future grants. Meeting Date: 7/26/2011 Prepared By Name: BrueggemanDebra Title: Operations Coordinator, Airport Authority 7/5/2011 9:38:07 AM Submitted by Title: Executive Director - Airport Authority,Airport Authority Name: CurryChris 7/5/2011 9:38:10 AM Approved By Name: CurryChris Title: Executive Director - Airport Authority,Aiiport Authority Date: 7/12,2011 1:57:46 PM Name: KlatzkowJeff Title: County Attorney, Date: 7/12/2011 3:21:38 PM Name: KlatzkowJeff Title: County Attorney, Date: 7/12/2011 3:47:05 PM Name: UsherSusan Title: Management/Budget Analyst, Senior,Office of Manage Date: 7/18/2011 11:52:04 AM Packet Page -2480- 7/26/2011 Item 16.G.3. Name: IsacksonMark Title: Director -Corp Financial and Mgt Svs,CMO Date: 7 /18/2011 12:16:12 PM Packet Page -2481-