TITLE
Hold a public hearing and consider an ordinance amending the FY 2016 Annual Budget and Plan of Municipal Services of the City of Killeen by increasing the Aviation Revenue Fund by $1,300,500 and increasing the Project Expenditure accounts by $1,445,000.
SUMMARY
AGENDA ITEM
Budget Amendment
ORIGINATING DEPARTMENT
Aviation
BACKGROUND INFORMATION
Each fiscal year the City of Killeen is eligible for Federal Aviation Administration Airport Improvement Program (AIP) Entitlement grant funds for eligible capital improvement projects at the Killeen-Fort Hood Regional Airport.
DISCUSSION/CONCLUSION
On September 22, 2015, the Killeen City Council accepted two FAA grant offers for the development of an Airport Master Plan, engineering for passenger boarding bridge replacement, and the acquisition of wildlife hazard reduction equipment at the Killeen-Fort Hood Regional Airport (KFHRA) and Robert Gray Army Airfield (RGAAF). These grants will fund 90% of the cost of these projects. The required 10% matching funds will initially be funded by the Aviation Capital Improvement Fund and the KFHRA 525 Fund. Staff is currently initiating a new Passenger Facility Charge (PFC) application that will include projects to provide for the reimbursement of the accounts initially used to meet the FAA match requirement. A budget amendment is necessary to provide for the receipt and expenditure of the additional AIP funds and initial expenditure of matching funds.
FISCAL IMPACT
This budget amendment acknowledges the award of two FAA AIP grants for the KFHRA in an amount of $1,300,500 in account (525-0000-382.05-02) FAA Grants AIP 2015 and it authorizes the additional expenditure of $900,000 in account (525-0515-521.98-25) Airport Master Plan, $265,500 in account (525-0515-521.98-21) Passenger Boarding Bridge and $135,000 in account (525-0515-521.98-26) Wildlife Hazard Reduction Equipment. The 10% matching expenditures will increase the Aviation Capital Improvement Fund RGAAF Project Expenditure account (331-3490-800.57-80) by $114,000 and the KFHRA Fund Misc Expenses RGAAF account (525-0515-521.98-03) by $30,500.
RECOMMENDATION
Recommend the City Council approve the attached ordinance acknowledging the additional FAA grant revenue of $1,300,500 and the authorizing additional expenditure of $1,445,000 for the indicated FAA grant eligible projects at the Killeen-Fort Hood Regional Airport and Robert Gray Army Airfield.