2024/01-1 FY2024 Mid-Year Reccalculation PURCHASE/SERVICE ORDER
FOR
MONROE COUNTY, FLORIDA
Consultant: Newton &Associates, Inc. Purchase/Service Order No. 2024 1-1.
Re; Financial ConsultingServices ervice„s Agreement, Dated_February 16 2022.
Project Name: Mid-Year Recalculation—FY 2024 Rates and Charges Anal sey s
Description of Services:
Mid-Year Fiscal Year 2024 Airline Rates and Charges
(See Attachment "A", Scope of Services)
Client Project No: 404-630203-G1Q04
Lump Sum Fee: .......... 39 500.00
Start Date: Oats p.L2ved yCounty
Days to Complete: 365
Prepared By: Recomm ded
Newton &Associates, Inc.: Monroe County Department of Airports
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Date: Date: 2.1.2024
...............
Approved By:
NIA PCOUNTY ATRNE`d Date: 02/01/2024 ._..._ _..A�� DV'C F�ff
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AS66 D �UNW ATTORNEY
Date 2/1/24
Attachment "A"
SCOPE OF SERVICES
Key West International Airport
Mid-Year Recalculation of
Fiscal Year 2024 Airline Rates and Charges Analyses
A. Scope Objective: This scope of services will include financial consulting services
necessary to recalculate FY 2024 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 Executive 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 2024 Budget
Airline Rates and Charges. NAI will prepare a mid-year adjustment to airline
rates and charges for FY 2024 based on revenue and expense projections for the
Airport's FY 2024,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$39,500.00.
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