HomeMy WebLinkAbout2026/02-1 Financial Consulting Services - Mid-Year Recalculation PURCHASE/SERVICE ORDER
FOR
MONROE COUNTY, FLORIDA
Consultant: Newton &Associates Inc. Purchase/Service Order No. 2026 2-1.
Re: Financial Consulting Services Agreement, Dated February 16, 2022
Project Name: Mid-Year Recalculation— FY 2026 Rates and Charges Analyses
Description of Services:
Mid-Year Fiscal Year 2026 Airline Rates and Charges
(See Attachment "A", Scope of Services)
Client Project No: 404-630230-SC_00038-G3G04
Lump Sum Fee: $49,500.00
Start Date: Date Approved By County
Days to Complete: 365
Prepared By: Recommended By:
Newton &Associates, Inc. Monroe County Department of Airports
02.19.2026 j
Date: � Date:
Digitally signed by Christine
Christine Hurley Hurley
Approved By: Date:2026.02.2314:32:17-05'00'
1.1 j
NFIOE COUNTY ATTOnN "' Date:
Eta FO
Oj ERCA j
ASSISTA UNTY ATTORNEY
Date 2/23/26
Attachment "A"
SCOPE OF SERVICES
Key West International Airport
Mid-Year Recalculation mf
Fiscal Year 2O2G Airline Rates and Charges Analyses
A. Scope Objective: This scope of services will include financial consulting services
necessary to recalculate FY 2026 airline rates and charges at the Key West International
Airport. The recalculation will be based ona cost recovery /cornpensatory\
methodology using actual year-to-clate 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 20268udget
Airline Rates and Charges. NA| will prepare a mid-year adjustment to airline
rates and charges for FY2OI6 based on revenue and expense projections forthe
Airport's FY 2026, 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 oftransmittal, 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
noeetingstova|idatethennid-yearratesandohergesandca|cu|ations, and
budgeted one, two-person, two-night trip tn the Airport for the mid-year rates
and charges recalculation airline presentation meeting.
Fee: This service will be performed fora Lump Sum fee of$49,5OO'OO.