TO: Mayor and City Council
THROUGH: Kristin Retherford, Interim City Manager
FROM: Norm Wright, Interim Director, Urban Development Dept
SUBJECT:
title
Adding a project in the FY 2023 Capital Improvements Fund budget to purchase ground support equipment for the airport with state grant funds.
Ward(s): Ward 2, 3
Councilor(s): Nishioka, Phillips
Neighborhood(s): SEMCA, SESNA
Result Area(s): Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy.
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SUMMARY:
summary
The City received a state grant in the amount of $540,388 for the purchase of equipment to support commercial air service at the airport. Moving budget authority from unspecified projects for this equipment purchase is necessary as it was not included in the FY 2023 adopted budget.
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ISSUE:
Shall City Council authorize reallocation of $540,388 in the Capital Improvements Fund to purchase airport ground support equipment?
RECOMMENDATION:
recommendation
Authorize reallocation of $540,388 in the Capital Improvements Fund to purchase airport ground support equipment.
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FACTS AND FINDINGS:
The FY 2023 Capital Improvements Fund budget has sufficient budget authority in total to cover this expense. The City has received the funds.
Michael Brown
Financial Services Manager, UD
Attachments: None