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Executive Managers Review Team <br /> BUDGET REVIEW -AGENDA ITEM <br /> ~ Date: November 1, 2004 <br /> Department: Public Works Department Contact: Becky Koble <br /> Department Head Signature: <br /> i <br /> 1. Item Title (Action Requested): <br /> i <br /> Request for spending authority for Federal Aviation Administration (FAA) grant, the <br /> funding for which has become available one fiscal year earlier than was anticipated. <br /> I <br /> j 2. Description of Item: <br /> The Airport recently received notification that an Airport Improvement Program (AIP) <br /> Discretionary Grant had been awarded in the amount of $1.8 million from the FAA. <br /> Airport management had anticipated that this award would not be available until FY06, as <br /> part of the funding for the Parallel Runway Project. The earlier availability of this funding <br /> is advantageous to the project, as it will allow an accelerated project completion for the <br /> runway, as well as allow project managers to initiate other planned improvements related <br /> <br /> I to the runway project, such as the realignment of Airport Road. The spending authority <br /> request includes the 5% local match, for a total appropriation request of $1,890,000. <br /> Advance notice of this pending request and an invitation for councilor questions was <br /> provided to Council on October 21, 2004 (see attached copy of that memo). <br /> BJE#46449 <br /> 3. Fiscallmpact: <br /> Are additional funds required? X Yes No <br /> If yes, is this cone-time expenditure request? ,~C- Yes No <br /> 4. FTE Impact: None <br /> 5. Detail: <br /> Service Category Title: 97 -Capital <br /> Amount Fund(s) FTE <br /> Increases expenditures by: $1,890,000 512 0 <br /> Increases revenues by: $1,800,000 512 <br /> NET IMPACT $ 90,000 512 <br /> \\Cesrv800\admin\Financial Common\BUDGETS\FY05\FY05 SB1\FY05 Airport FAA Grant <br /> SB1.doc <br /> _ _ _ <br /> <br />