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Item N2 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: August 20,2014 Division: Budget&Finance Bulk Item: Yes No X Department: OMB Staff Contact Person/Phone#: Christina Brickell X4466 AGENDA ITEM WORDING: A Public Hearing to consider approval of a resolution for a Budget Amendment of Fiscal Year 2014, Key West International Airport Fund 404. ITEM BACKGROUND: There are additional funds in Fund 404 due to the closing of Fund 405,Key West AlP Series 2006,Bonds,in September 2013 that were not included in the FYI 4 Budget. A budget amendment is being requested to utilize these funds for the continued development of Monroe County Airports through matching funds for FAA and FDOT grant funded Projects. PREVIOUS RELEVANT BOCC ACTION: At last month's BOCC meeting,the Board approved to advertise a public hearing for a budget amendment for Fund 404. On September 12,2013,the BOCC adopted the FY2014 Operating and Capital Budget. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval TOTAL COST:N/A INDIRECT COST: BUDGETED: Yes X No.— COST TO COUNTY:N/A SOURCE OF FUNDS: Fund Balance 404 REVENUE PRODUCING: Yes— No X AMOUNT PER MONTH— Year APPROVED BY: County Atty �u'rchasing— Risk Management DOCUMENTATION: Included x Not Required DISPOSITION:— AGENDA ITEM 4 Revised 2/27/01 Resolution No. -2014 A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS WHEREAS,it is necessary to conduct a public hearing as required by section 129.031,Florida Statutes,to amend the following: Key West International Airport Fund 404,for llte Fiscal year beginning October 1,2013 and ending September 30,2014, now tlierefore, BE IT RESOLVED BY THE BOARD Olr COUNTY CONIMISS1ONERS OF MONROE COUNTY,FLORIDA,that a Public hearing was conducted on August 20,2014.,at 3:00 P.M.to amend the Key West Intemeation Aiprot Fund 404 budget and to adoptthe amended budgets as follows: Key West International Airport-Fund 404 Current Inc1(Dec.) Revised Revenues: Budget Budget 404-3441015K Fees&Leases $1,250,000.00 $300,000.00 $1,550,000.00 404-344103SK Airport Parking..Lot $97,000.00 V100 $97,000.00 404-344104SK Other Rents $1,200,000.00 $150,000.00 st,350,000.00 404-344105SK Airline Fees $1,100,000.00 $300,000,00 $t,400,000.00 404-344106SK Other Fees $1,100,000.00 $350,000.00 $1,450,000.00 404-344107SK Airline Security $250,000.00 $100,000.00 $350,000.00 404-344I08SK Airport Parking Credit Cards $150,000.00 $25Q000.00 $175,000.00 404-354003SK Fines Parking Violations $600.00 $0.00 $600,00 404-361005GI Interest Earnings $10,000.00 $0,00 $10,000.00 404-381*** Interfand'Transfers In $0.00 SOW $0.00 404-389001 Less 5%FL Statute 4257,88U.00 ($61,250.U0) -$319,130.00 404-389002 Fluid Balance Fonvard $4,513,929.00 $434,645.00 $4,948.574.00 404-331***,334***,341*** Various Federal&State Grunts $3,719,946.94 $0.00 $3,719,946.84 404-366*** Contributions&Donations $0 QQ $Q_00 .5s) } Total S13,133,595.84 S1,593,395.00 S14,731,990.84 Appropriations: 404 63001 510***,530***,560*** Key West Airport O&M $6,713,740.00 $0.00 $6,713.740.00 404 63002 560640 Key West Airport R&R $163,415.70 $900,895.00 $1,064,310.70 4004 630* 530***,560*** Various Federal&State Grants 54,169,607,14 S0.00 $4,169,607.14 404 63100 510***530***,560*** Fire Rescue KW Airport $1,336,833.00 S0.00 $1,336,833.00 404 85536 590990 Reserves 404 $0.00 $0.00 $0.00 404 85536 590991 Reserves 404 $730,000.00 $0.00 $750,000.00 404 86505 590403 Budgeted Transfers 404 $0 o 7.51 Q—Q0 16617 5QOLf10 Total $13,133,595.84 51,598,395.00 $14,731,990.84 $0,00 50.00 E0.00 FIE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk or said Board,upon receipt of the above,is hereby authorized and directed to[Hake necessary changes or said inaris.as set forth above. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,Florida,at a regular meeting of the Board on the 20th day 6l'August,AD 2014. Mayor Murphy — Mayor Pro'I'em Kolhage Commissioner Neugent Commissioner Carruthers Commissioner Rice BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,FLORIDA By: (Seal) Attest: AMY HBAVIL IN,Clerk t NOTICE OF SUPPLEMENTAL BUDGET HEARING PulSlnant to the provisions of Section 129.03,Florida Statutes,notice is hereby given thata Public Hearing Will be held by the Board of County Coner issioners of Monroe County,Florida,on August 20,2014 at the hour of 3:00 P.M.at the Murray Nelson Government Center, 102050 Overseas Highway,Key Largo,FL(MM102)for the purpose of receiving any comnnents for the proposed supplenrcntat Budget Amendment f t the fiscal year beginning Octobc`,I,2013,and ending Scl-d—bcr 31),2014 for Key West hulctnatinnal Aitport Fund 404. Key West International Airpnet-Fund 4U4 Cmrcnt Tnc./(Doc.) Roviscd Revenues: Budget Budget 404-344101SK Fees&Leases $1,250,000.00 $300,000.00 $1,550,000.00 404-344103SK Airport Packing Lot $97,000.00 $0.00 $97,000.00 404-344104SK Other Roots $1,200,000.00 $150,000.00 $1,350,000.00 404-344105SK Airline Fees $1,100,000.00 $300,000.00 $1,400,000.00 404-344106SK Other Fees $1,100,000.00 $350,000.00 $1,450,000.00 404-3 44 1 07SK Airline S.-ray $250,000.00 $100,000.00 $350,000.00 404-3441OSSK Airport Par king Credit Cards $150,000.00 $25,000.00 $175,000.00 404-354003SK Fines Parking Violations $600.00 $0.00 $600.00 404-361005GI Interest Earnings $10,000.00 $0.00 $10,000.00 404-381x** Tntefimd Transfa To $0.00 $0.00 $0.00 404-389001 Less 5%FL-Statute -$257,880.00 ($o 1,250.00) -$319,130.00 404-389002 Fund Balance Forward $4,513,929.00 $434,645.00 $4,948,574.00 404-331***,334***,341*** Various Federal&State Grants $3,719,946.84 $0.00 $3,719,946.84 404-366*** Canuibuticns Sv Donations $0.00 $0.00 $0.00 Total $13,133,595.84 $1,59&395.00 $14,731,990.84 Appropriations: 404 63001 510***,530***Key West Airport O&M $6,713,740.00 $0.00 $6,713,740.00 404 63002 560640 Key West Airport R&R $163,415.70 $900,895.00 $1,064,310.70 404 630* 530***,560***Various Federal&State Grants $4,169,607.14 $0.00 $4,169,607.14 404 63100 510***,530***Fir,Rese-KWAnport $1,336,833.00 $0.00 $1,336,833.00 404 85536 590990 Reserves 404 $0.00 $0.00 $0.00 404 85536 590991 Reserves 404 $750,000.00 $0.00 $750,000.00 404 86505 590403 Budgeted Transfers 404 $0.00 $697,500.00 $697,500.00 Total $13,133,595.84 $1,59&395.00 $14,731,990.84 sort) sort) sort) August 18,2014 Key West Citizen 1 IS -It 9k -It Ue z LU >0 Q 2 1 7 1; •;7, IN iz 0 4 0 z mol O An lk w I w F, 2. 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