Title
HOLD a public hearing and consider an ordinance amending the FY 2023 Annual Budget of the City of Killeen to increase revenue and expense accounts in multiple funds.
Summary
DATE: June 20, 2023
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Assistant Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
This budget amendment addresses appropriation of additional funds for ongoing litigation as well as funding for three Aviation projects:
1) Legal expenses related to the marijuana enforcement ordinance will exceed $50,000. This budget amendment appropriates an additional $50,000 in funding to cover the additional expense. The offset to this additional expense is interest income.
Revenues
Interest Income
$50,000
TOTAL REVENUE
$50,000
Expenses
Legal Services
$50,000
TOTAL EXPENSE
$50,000
2) Solar Project. Appropriate revenue for an Airport Terminal Program grant from the Federal Aviation Administration (FAA) and the offsetting project expense. Appropriate the required match from the Customer Facility Charge Fund to cover the rental car facility portion of the project.
Revenues
USDOT-FAA
$5,000,000
TOTAL REVENUE
$5,000,000
Expenses
Design/Engineering
$27,900
Construction
4,972,100
CFC Projects
1,162,886
TOTAL EXPENSE
$6,162,886
3) Corporate Hangar Project. Appropriate revenue and expense for a Military Airport Program grant amendment from the FAA for $39,801 for additional design/engineering costs. The original grant has $6 in remaining funds that this budget amendment will appropriate.
Revenues
USDOT-FAA
$39,801
TOTAL REVENUE
$39,801
Expenses
Design/Engineering
$39,801
Design/Engineering |1010|TOTAL EXPENSE
$39,807
4) HVAC Project. Appropriate revenue and expense for an Airport Improvement grant amendment from the FAA for $81,645 for additional construction costs. The original grant has $8,187 in remaining funds that this budget a...
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