TITLE
HOLD a public hearing and consider an ordinance amending the FY 2019 Annual Budget and Plan of Municipal Services of the City of Killeen by increasing revenue and expenditure accounts in Aviation.
SUMMARY
DATE: December 11, 2018
TO: Ronald L. Olson, City Manager
FROM: Jonathan Locke, Executive Director of Finance
VIA: Miranda Drake, Director of Budget
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
The Killeen-Fort Hood Regional Airport (KFHRA) staff has negotiated an inter-governmental support agreement (IGSA) with the U.S. Army Garrison at Fort Hood for maintenance on Robert Gray Army Airfield.
The IGSA is a win-win for both organizations. The Army will be getting scheduled, preventative airfield maintenance at a savings and the KFHRA will receive additional revenues. This agreement has revenue and expenditures for each year of the agreement. They are as follows:
Revenue
US Department of Defense $517,540
TOTAL $517,540
Expenditures
Full-time Salaries $58,148
Medical Insurance 9,883
Dental Insurance 552
Life Insurance 36
Retirement - TMRS 6,484
Social Security 3,605
Medicare 843
Workers Compensation 727
Uniforms & Clothing 2,200
Fuel 2,000
Airport Diesel Fuel 5,000
Minor Tools 1,000
Pavement Marking 162,000
Runway/Taxiway Maintenance 43,500
Equipment Rental/Lease 1,000
Engineering Services 25,000
Machinery & Equipment 142,000
TOTAL $463,978
THE ALTERNATIVES CONSIDERED:
(1) Approve the budget amendment to appropriate funding to support the IGSA with the U.S. Army Garrison - Fort Hood; or (2) Do not approve the budget amendment.
Which alternative is recommended? Why?
Alternative 1 is considered the prudent course of action. The revenue for this project exceeds the expenditures.
CONFORMITY TO CITY POLICY:
Yes
FINANCIAL IMPACT:
This agreement has revenue and expenditures for each year of the agreement. The revenue for the agreement for the first year will be $517,...
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