Item I5 1.5
County f � .�� ",�, 1 BOARD OF COUNTY COMMISSIONERS
Mayor Craig Cates,District 1
Mayor Pro Tem Holly Merrill Raschein,District 5
The Florida Keys
Michelle Lincoln,District 2
James K.Scholl,District 3
David Rice,District 4
County Commission Meeting
May 17, 2023
Agenda Item Number: I.5
Agenda Item Summary #12096
BULK ITEM: No DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland (305) 809-5200
n/a
AGENDA ITEM WORDING: Approval of a resolution for the receipt of unanticipated funds in
the amount $799,624.88 for interest earned on the Series 2022 Airport Revenue Bond proceeds. The
additional funds will be used for payment of projects costs for the Concourse A and Terminal
Improvements at the Key West International Airport.
ITEM BACKGROUND: For the period of October 2022 through March 2023, $799,624.88 in
interest was earned on the Series 2022 Airport Bond proceeds, which can be used for project costs.
PREVIOUS RELEVANT BOCC ACTION: n/a
CONTRACT/AGREEMENT CHANGES:
n/a
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
Resolution Unanticipated Funds 405 EYW Concourse A Interest
FINANCIAL IMPACT:
Effective Date: 5/17/2023
Expiration Date: n/a
Total Dollar Value of Contract:
Total Cost to County:
Current Year Portion:
Budgeted:
Source of Funds:
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1.5
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match:
Insurance Required: No
Additional Details:
REVIEWED BY:
Beth Leto Completed 05/01/2023 12:23 PM
Richard Strickland Skipped 05/01/2023 5:56 PM
Pedro Mercado Completed 05/02/2023 10:37 AM
Purchasing Completed 05/02/2023 11:27 AM
Budget and Finance Completed 05/02/2023 12:35 PM
Brian Bradley Completed 05/02/2023 1:34 PM
Lindsey Ballard Completed 05/02/2023 2:37 PM
Board of County Commissioners Pending 05/17/2023 9:00 AM
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1.5.a
Item Number 1
Resolution No. -2023
A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS
WHEREAS,it is necessary for the Board of County Commissioners of Monroe County,Florida,to increase items to
account for unanticipated funds in the Monroe County Budget for the Fiscal Year 2023,now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, LO
FLORIDA,that the following accounts of the Monroe County Budget for the Fiscal Year 2023,be and the same is
hereby increased by the amount hereinafter set forth: a
Fund: #405 General Airport Revenue Bond
0
Cost Center: #630905-EYW Concourse A-Const. 0
Function: #5400-Transportation
Activity: #5420-Airports
Offcl/Division: #1018-Airports
Revenue:
405 - 630905 - 361000 - RC_00299 Interest Earnings $799,624.88 >-
Total Revenue: $799,624.88
U)
Appropriations:
405 - 630905 - 530310 - SC_00036 Other Contractual Services $799,624.88
Total Appropriations: $799,624.88
0
BE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is
hereby authorized and directed to make the necessary changes of said items,as set forth above. o
U
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular >-
meeting of said Board held on the 17'day of May,AD 2023. LO
U)
Mayor Cates
Mayor Pro Tem Raschein
Commissioner Lincoln 2
Commissioner Scholl
.2
Commissioner Rice
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA .2
0
By:
Mayor/Chairman
(Seal)
Attest: KEVIN MADOK, Clerk E
E
c�
As Deputy Clerk
Item 41 unant Fund 405 630905 EYW Concourse A-Const
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