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Agenda 05/11/2010 Item #16G 4 Agenda Item No. 1684 May11,2010 Page 1 of 2 EXECUTIVE SUMMARY Recommendation to approve a budget amendment for $190,800 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 $190,800 to increase budgeted revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport. CONSIDERATIONS: In preparing the FY10 budget, Jet A fuel for Marco Island Executive Airport was budgeted at $2.10 per gallon. To date the cost has been averaging $2.65 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. 72,000 gallons of Jet A fuel at a cost of $190,800 is projected to be needed for the balance of FY1 O. FISCAL IMPACT: The fiscal impact of this budget amendment request nets to zero. The budget for Jet Fuel Expense will be increased by $190,800. The revenue budget for Airport Jet A will be increased by $190,800. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. LEGAL CONSIDERATIONS: There are no legal issues raised by this budget amendment - JBW. RECOMMENDATION: That the Board of County Commissioners approve a budget amendment for $190,800 for the purchase and sale of aviation fuel at Marco Island Executive Airport. Prepared by Debi Mueller, Collier County Airport Authority Item Number: Ilem Summary: Meeting Date: Agenda Item No. 16G4 May 11, 2010 Page 2 of 2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS 16G4 Recommendation to approve a budget amendment for $190,800 to increase budgeted revenues and budgeted expenses for the sale and purchase of aviation fuel at Marco Island Executive Airport. 5/11/20109:00:00 AM Date Prepared By Oebi Mueller Airport Authority Supervisor M Accounting Airport Authority 41281201010:11:45 AM Date Approved By Debra Brueggeman Airport Authority Operations Coordinator Airport Authority 41281201010:15 AM Date Approved By Jennifer White County Attorney Assistant County Attorney County Attorney 4130120102:20 PM Date Approved By OMS Coordinator County Manager's Office Office of Management & Budget 4130120103:40 PM Date Approved By Randy Greenwald Office of Management & Budget Management/Budget Analyst Office of Management & Budget 513120108:24 AM Approved By Date Jeff Klatzkow County Attorney 5131201011:09 AM Date Approved By Leo E. Ochs, Jr. County Manager 514120109:33 AM County Managers Office County Managers Office