Agenda

Return

C. 25

To:	Board of Supervisors
From:	Keith Freitas, Airports Director
Date:	January 5, 2016

Contra

Costa

County

Subject:

ADJUST. TO REVENUE FROM AIRPORT CAPITAL MAINT. RESERVE FUND & APPROP. FOR EST. EXPENDITURES AT BUCHANAN FIELD FOR FY 2015/16

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 01/05/2016

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Beth Lee, (925) 681-4200

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: January 5, 2016
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

APPROVE Appropriation and Revenue Adjustment No. 5028 in the amount of $1,000,000 for increased revenue being transferred from the Airport’s Capital Maintenance Reserve Fund to offset expenses relating to the East Ramp Hangar Pavement Reconstruction at Buchanan Field.

FISCAL IMPACT:

100% Airport Enterprise Fund

CONSEQUENCE OF NEGATIVE ACTION:

BACKGROUND:

On August 10, 2015, the Buchanan Field East Ramp Pavement Project commenced. This item was not included in the F/Y 2015/16 budget as project timing was not determined until after the budget had been set. The appropriation of Capital Maintenance Reserve Fund available fund balance is needed to offset this expense. The Capital Maintenance Reserve Fund is intended to cover large maintenance needs.

CONSEQUENCE OF NEGATIVE ACTION: (CONT'D)

If not approved, the Airport Enterprise Fund budget will be out of balance as expenditures will far exceed current Airport budget.