2025/02-1 Mid-Year FY2025 Airline Rates PUNCH4SE/SERV|CEOBDER
FOR
yNUNROE COUNTY, FLORIDA
Consultant: Purchase/Service Order No. 2025/2-1.
Re: Financial Consulting Services Agreement, Dated February 16, 2022
Project Name: Mid-Year Recalculation—FY 2025 Rates and Charges Analyses
Description ofServices:
Mid-Year Fiscal Year 2025Aidine Rates and Charges
(See Attachment "A", Scope ofServices)
Client Project No: G
Lump Sum Fee:
Start Date: Date Approved By Cou_nty
Days toComplete: 365
Prepared B Recommended ~
Newton &Aoocioios, Inc. Monroe County Department ofAirports
Date: —���� ~- Z-42 45~- Date: 02^11^2025 Digitally signed by
6hftfine Christine Hurley
m*"uoux
Approved . ouv.0
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Attachment "A"
SCOPE OF SERVICES
Key West International Airport
Mid-Year Recalculation of
Fiscal Year 2025 Airline Rates and Charges Analyses
A. Scope Objective: This scope of services will include financial consulting services
necessary to recalculate FY 2025 airline rates and charges at the Key West International
Airport. The recalculation will be based on a cost recovery (compensatory)
i
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:
I
Calculate Mid-year Budget Adjustment for Fiscal Year Ending 2025 Budget
Airline Rates and Charges. NAI will prepare a mid-year adjustment to airline i
rates and charges for FY 2025 based on revenue and expense projections for the
Airport's FY 2025,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$49,500.00.