Item I17 I17
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE Mayor James K.Scholl,District 3
The Florida Keys Mayor Pro Tern Michelle Lincoln,District 2
Craig Cates,District 1
David Rice,District 4
Holly Merrill Raschein,District 5
Board of County Commissioners Meeting
March 25, 2025
Agenda Item Number: I17
2023-3784
BULK ITEM: Yes DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland
N/A
AGENDA ITEM WORDING: Approval to advertise a public hearing for a budget amendment to
Fund 404, Key West International Airport.
ITEM BACKGROUND:
The purpose of the budget amendment is to bring forward accrued fund balance resulting from the
receipt of insurance proceeds relating to the EYW EMAS bed that was damaged during Hurricane
Irma. It is the intention of the Key West Airport Services Department to bring $500,000.00 of accrued
balance forward so that it may be made available for use in the current fiscal year to complete a shortfall
in funding to complete the EYW Apron Overflow project.
PREVIOUS RELEVANT BOCC ACTION:
On September 11, 2024, the BOCC approved the operating & capital budget for fiscal year 2025.
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
N/A.
STAFF RECOMMENDATION: Approval.
DOCUMENTATION:
FINANCIAL IMPACT:
$7,118,739 funding came into F_404 from insurance proceeds, as follows:
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FY 2023 Misc. Revenue $5,010,163
FY 2024 Misc. Revenue $1,866,885
FY 2025 Misc. Revenue $ 241,691
TOTAL $7,118,739
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