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File #: PH-21-024    Version: 1 Name: Budget Amendment - Aviation
Type: Ordinance/Public Hearing Status: Passed
File created: 5/3/2021 In control: City Council
On agenda: 6/8/2021 Final action: 6/8/2021
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.
Sponsors: Finance Department
Indexes: Budget Amendments
Attachments: 1. Staff Report, 2. Ordinance, 3. Presentation
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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