TITLE
HOLD a public hearing and consider an ordinance amending the FY 2021 Annual Budget of the City of Killeen to increase revenue and expense accounts in Aviation funds.
SUMMARY
DATE: June 1, 2021
TO: Kent Cagle, City Manager
FROM: Jonathan Locke, Executive Director of Finance
VIA: Miranda Drake, Director of Budget
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
The following is a budget amendment for two (2) grants and the cancellation of a performance agreement that City Council will consider at the same meeting.
1. The City has been offered a Military Airport Program (MAP) grant through the Federal Aviation Administration (FAA) in the amount of $277,120 to fund the rehabilitation of parking areas, entrances, and exits to the airport. The American Rescue Plan Act signed into law on March 11, 2021, increases the federal share to 100 percent for Airport Improvement Program (AIP) grants planned for fiscal year 2021. Under normal circumstances, AIP grant recipients contribute a matching percentage of the project costs. There is no matching requirement for the grant.
The Killeen-Fort Hood Regional Airport (KFHRA) staff submitted an application to the FAA for a MAP grant for the rehabilitation of the parking lot at KFHRA. The project consists of rehabilitation of pavement surfaces, slurry seal, and restriping of all markings within the long and short-term parking lots, entrances and exits, and the exit lane leading to payment plaza at the KFHRA.
The revenues will be amended as follows:
Revenues
AVIATION / USDOT-FAA $277,120
TOTAL $277,120
The expenses will be amended as follows:
Expenses
NOTICES REQ...
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