Item D45
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: Julv 19, 2006
Division:
Budget & Finance
Bulk Item: Yes -1L. No
Department: OMB
Department Contact: Salvatore R. Zaooulla
AGENDA ITEM WORDING:
Approval of a resolution for the receipt of unanticipated funds for the KW Airport Series 2006 Bonds.
ITEM BACKGROUND:
On May 16, 2006 The Board of County Commissioners executed a Commitment Letter from the Bank
of America for a direct pay letter of credit not to exceed $35,402,740.00 of Principal and Interest
Combined. .
PREVIOUS RELEVANT BOCC ACTION:
N/A
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATIONS:
Approval
TOTAL COST:
COST TO COUNTY:
N/A
N/A
BUDGETED: Yes
SOURCE OF FUNDS:
No
N/A
DIVISION DUll:CTOR APPROVAL:
REVENUE PRODUCING: Yes No ~ ~OUNT PER MONTH Year
APPROVED BY: County Atty _ ~Purchasing _ Risk Management
~~
./ Salvat e R. la
DOCUMENTATION:
Included X
To Follow_ Not Required
DISPOSITION:_
AGENDA ITEM # ~
Revised 1/03
Resolution No.
- 2006
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 2006,
now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY
,
FLORIDA, that the following accounts of the Monroe County Budget for the Fiscal Year 2006 be and the
same is hereby increased by the amount hereinafter set forth:
Fund #405 KW Airport Series 2006 Bonds
Revenues:
405-384000GM
405-381404GT
405-344102SK
405-361005GI
Bond Proceeds
Trsffm 404
Serv-Airport -PFC
Interest
$6,567,099
$ 964,313
$1,011,776
$ 103,761
Subtotal Revenue:
$8,646,949 Rev
Appropriations:
Cost Center#88900-Debt Service-Interest & Other Costs
Function # 5100- Gen. Gov't Services
Activity # 5170- Debt Service Payments
Official Division # 1018 Airports
405-5170-88900-570720
405-5170-88900-570730
Interest
Other Debt Service Costs
$ 336,600
$ 739,615
Subtotal Appropriations:
$1,076,215 App
Appropriations:
Cost Center#85564-Reserves Fund 405
Function # 5100- Gen. Gov't Services
Activity # 5130- Financial & Administration
Official Division # 1000 Board of County Commissioners
405-5130-85564-590992
405-5130-85564-590989
405-5130-85564-590988
405-5130-85564-590999
Cash-Reserve
Cash-R & R
Cash-Sinking
Cash-PFC
$ 2,759,478
$ 126,400
$ 2,853,760
$ 1,831,096
Subtotal Appropriations:
$7,570,734 App
----
-----
Total Appropriations:
unant Fund 405 Pg 1
$8,646,949
Cost Center#88901-Debt Service Principle
Project # GAKB05- Debt Service Principle
Function # 5100- Gen. Gov't Services
Activity # 5170- Debt Service Payments
Official Division # 1018 Airports
Revenues:
405-88901-33441 OOT -GAKB05
St. Grnts-Transp-Airport Dev
$ 200,000
Total Revenue:
$ 200,000 Rev
Appropriations:
405-5170-8890 1-530490-GAKB05-57071 0
Principal
$ 200,000
Total Appropriations:
$ 200,000 App
Cost Center#630901- Passenger Terminal
Project # GAKB01-Passenger Terminal
Function # 5400- Transportation
Activity # 5420- Airports
Official Division # 1018 Airports
Revenues:
405-630901-331410CT -GAKB01
405-630901-384000GM-GAKB01
Fed Grnts- Transp-Airport Dev
Bond Proceeds
$ 2,300,000
$21,122,496
Total Revenue:
$23,422,496 Rev
Appropriations:
405-5420-630901-560620-GAKBOl-560620 Capital Outlay- Bldg
$23,422,496
Total Appropriations:
$23,422,496 App
Cost Center#630902- Roadways
Project # GAKB02- Roadways
Function # 5400- Transportation
Activity # 5410- Rd & St. Facilities
Official Division # 1018 Airports
Revenues:
405-630902-384000GM-GAKB02
Bond Proceeds
$ 2,191,516
Total Revenue:
$ 2,191,516 Rev
-----
-----
unant Fund 405 Pg 2
Appropriations:
405-5410-630902-560630-GAKB02-560630 Capital Outlay Infrastructure
$ 2,191,516
Total Appropriations:
$ 2,191,516 App
---
----
Cost Center#630903- Lower Level Parking
Project # GAKB03- Lower Level Parking
Function # 5400- Transportation
Activity # 5450- Parking Facilities
Official Division # 1018 Airports
Revenues:
405-630903-381304GT -GAKB03
405-630903-384000GM-GAKB03
TrsfFm Fund 304-1 Cent Infras
Bond Proceeds
$ 1,000,000
$ 572,889
Total Revenue:
$ 1,572,889 Rev
Appropriations:
405-5450-630903-560630-GAKB03-560630 Capital Outlay Infrastructure
$ 1,572,889
Total Appropriations:
$ 1,572,889 App
Cost Center#630904- Elevated Parking
Project # GAKB04- Elevated Parking
Function # 5400- Transportation
Activity # 5450- Parking Facilities
Official Division # 1018 Airports
Revenues:
405-630904-381304GT -GAKB04
TrsfFm Fund 304-1 Cent Infras
$
0.00
Total Revenue:
$
0.00 Rev
Appropriations:
405-5450-630904-560630-GAKB04-560630 Capital Outlay Infrastructure
$
0.00
Total Appropriations:
$
0.00 App
BE IT FURTHER RESOLVED BY SAID BOARD, that the Clerk of said Board, upon receipt of the
above unanticipated funds, is hereby authorized and directed to place funds in said items, as set forth
above.
unant Fund 405 Pg 3
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a
regular meeting of said Board held on the 19th day of July AD 2006.
Mayor McCoy
Mayor Pro Tern Spehar
Commissioner Neugent
Commissioner Rice
Commissioner Patton
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By:
Mayor/Chairman
(Seal)
Attest: DANNY L. KOLHAGE, Clerk
unant Fund 405 Pg 4