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Budget Resolution Reducing Revenues and Expenses for FY 2025 Airport Operations Department Budget
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BRIEF OVERVIEW
On October 22, 2024, (LS # 14638), Budget Resolution No. 2024-221 was approved reducing the Airport Operations 2025 Revenue Budget. The resolution recognized the reduction in revenues, but did not address the corresponding reduction in expenses to balance the budget. Additionally, an Airport grant department budget was not in balance when approved. The attached budget resolution rectifies these issues.
FINANCIAL IMPACT
The applicable budget resolution is attached. The line items are summarized below:
|
|
Revenue |
Expense |
|
Current Budget |
$ 19,834,260.68 |
$ 19,874,411.00 |
|
BR25-050 |
$ 0.00 |
$ (40,150.32) |
|
|
$ 19,834,260.68 |
$ 19,834,260.68 |
Revenues:
Fund 4311 - Airport/Industrial Park, Department: 07411 - Airport Operations, Account: 3620051 - Lease-Aviation reduced by $500.00.
Expenses:
Fund: 4311 - Airport/Industrial Park, Department: 07411 - Airport Operations, Account: 5304601 - Repair/Maint Bldg & Grd reduced by $40,150.32.
Fund: 4311 - Airport/Industrial Park, Department: 34296 - Infield Infrastructure Dev, Account: 5303103 - Professional Services - Engineering reduced by $500.00.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached budget resolution.