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    6. 3.    
Regular City Council Meeting
Meeting Date: 09/10/2019  

Agenda Item
Budget Amendment Ordinance 1st Reading - Finance: Consider Budget Ordinance Amendment 27 amending the FY 2018-19 Budget for municipal purposes respecting the Airport Passenger Facility Charge (PFC) Fund to amend the Operating Budget; Amend Capital Improvement Project 92361 – Terminal Building Remodel and appropriate funding; providing for filing; and providing for a savings clause.
Item Summary
I. Amend the FY 2018-19 Airport PFC Fund Operating Budget by increasing the transfer to Airport Capital by $1,108,025 from $0 to $1,108,025. 
II. Amend Capital Improvement Project 92361, Terminal Building Remodel, by increasing the funding and appropriation by $11,034,354, from $34,689,163 to $45,723,517. The increased funding will be from the following:  $5,707,605 Federal Grant, $204,489 FY 2014 Airport Revenue Certificates of Obligation, $10,897 FY 2015 Airport Revenue Certificates of Obligation, $4,000,499 FY 2019 Airport Revenue Certificates of Obligation, $2,839 PFC Revenue Certificates of Obligation, and $1,108,025 PFC cash.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer

Budget Amendment 27

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