2023/1-2 Mid-Year Recalculation - FY23 Rates & Charges PURCHASE/SERVICE ORDER
FOR
MONROE COUNTY, FLORIDA
Consultant: Newton &Associates, Inc. Purchase/Service Order No. 2023 1-2.
Re: Financial
onsultin Services Agreement Dated February 16, 2022
_ ..... C„
Project Name: Mid-Year Recalculation—FY 2023 Rates and Charges Analyses
Description of Services:
Mid-Year Fiscal Year 2023 Airline Rates and Charges
(See Attachment"A",Scope of Services)
Compensation:
Lump Sum Fee: $45,500.00 Client Project Number: 404-6302.03 C1 04
Schedule:
Start Date: Date Approved By County
Days to Complete: 365
Prepared By: Recomm tided B
Mw
Newton &Associates, Inc. Monroe County Department of Airports
Date: _ Date:
Approved BY
Count Administrator
NFIOE COUNTYA Date: January2.-0, 023
A OVE F _............._
~
OFdA
&'ED 0 J. A
ASSIITA ATTORNEY
Date 1/18/23
Attachment "A"
SCOPE OF SERVICES
Key West International Airport
Mid-Year Recalculation of
Fiscal Year 2023 Airline Rates and Charges Analyses
A. Scope Objective: This scope of services will include financial consulting services
necessary to recalculate FY 2023 airline rates and charges at the Key West International
Airport. The recalculation will be based on a cost recovery (compensatory)methodology
using actual year-to-date operating and maintenance expenses and airline activity.
Recommended adjustments for the mid-year recalculation will be provided to the
Director of Airport's and other County personnel for finalization and distribution to the
airlines serving the Airport.
B. Service Tasks:
Calculate Mid-year Budget Adjustment for Fiscal Year Ending 2023 Budget
Airline Rates and Charges. NAI will prepare a mid-year adjustment to airline
rates and charges for FY 2023 based on revenue and expense projections for the
Airport's FY 2023,taking into consideration four to six-month actual operating
and maintenance expenses and security grants received or anticipated for the Key
West International Airport. A letter of transmittal,new rates and charges
calculations for the mid-year adjustment and a power point presentation for the
airlines will be provided.
Assumptions: We have budgeted two,two-person,two-night trips to the Airport to for working
meetings to validate the mid-year rates and charges and calculations, and
budgeted one, two-person,two-night trip to the Airport for the mid-year rates and
charges recalculation airline presentation meeting.
Fee: This service will be performed for a Lump Sum fee of$45,500.00.
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