Agenda

Return

C. 16

To:	Board of Supervisors
From:	Keith Freitas, Airports Director
Date:	April 25, 2017

Contra

Costa

County

Subject:

APPROVE AND AUTHORIZE APPROPRIATION ADJUSTMENT FOR BUCHANAN FIELD AIRPORT

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 04/25/2017

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, 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: April 25, 2017
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

APPROVE Appropriation and Revenue Adjustment No.5069 to increase revenue from license fees and concession revenues in the amount of $48,000 for fiscal year 2016/17 and appropriate for Airport operating expenditures.

FISCAL IMPACT:

Funded 100% by the Airport Enterprise Fund.

BACKGROUND:

In April 2016, JetsuiteX started operating out of Buchanan Field Airport. When the fiscal year 2016/17 budget was established in February, revenue from this new business venture was unanticipated. The appropriation adjustment adds this unanticipated revenue from the license fees and subsequent fuel flowage fees to the Airports’ budget. As a result of this increase in revenue, expenditures will also be increased

CONSEQUENCE OF NEGATIVE ACTION:

If not approved, the Airport Enterprise Fund budget will reflect understated revenues.