HomeMy WebLinkAboutAugusta Regional Airport at Bush Field Budget
Augusta Richmond GA
DOCUMENT NAME: A'tJ o:;t;p. \< jO "0.. \ Airport. o.:t: ~u.';)h f; eld 6~ d
DOCUMENT TYPE~ e.0olu...-t:.,; 0 n
YEAR: (!)?-1
BOX NUMBER: 25
FILE NUMBER: \/ lio \
NUMBER OF PAGES: 3
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Resolution
STATE OF GEORGIA )
AUGUSTA-RICHMOND COUNTY )
AUGUSTA RICHMOND COUNTY
COMMISSION
BUDGET AMENDMENT NO: 551-2
IT IS HEREBY ORDERED that the Augusta Regional Airport at Bush Field Budget for the year
2004 be amended to reflect decreased revenue of $2, 121,072.
IT IS FURTHER ORDERED that the appropriations be decreased by $2,121,072 for
expenditures.
REVENUES
Total
$20 189.938
APPROPRIATIONS
Total
20189938
Appro/!!'?, ,JI1is j'l:M.the day O~
BOB YOUNG, MAYOR
AUGUSTA-RICHMOND COUNTY
COMMISSION
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Resolution
STATE OF GEORGIA )
AUGUSTA-RICHMOND COUNTY )
AUGUST A RICHMOND COUNTY
COMMISSION
BUDGET AMENDMENT NO: 551-2
IT IS HEREBY ORDERED that the Augusta Regional Airport at Bush Field Budget for the year
2004 be amended to reflect decreased revenue of $2, 121,072.
IT IS FURTHER ORDERED that the appropriations be decreased by $2,121,072 for
expenditures.
REVENUES
Total
$20 189938
APPROPRIATIONS
Total
20 189938
Approved this./'l/{e day Of~etI
BOB YOUNG, MAYOR
AUGUSTA-RICHMOND COUNTY
COMMISSION
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Augusta Regional Airport
Proposed 2004 Budget Amendment Summary
July 18,2004
Net Increase in operating revenue
Decrease Passenger Facility Charges (revenue)
Decrease Interest Revenue
Increase FAA Grant revenue
Increase State Grant revenue
TOTAL REVENUE ADJUSTMENT
51 object codes (Salary & benefits)
52 object codes (operating expense)
53 object codes (Oper,Repairs & Maint & small equip.)
54 object codes (Capital improvement projects)
60 object codes (contingency)
61 object codes (decrease transfer to Daniel Field)
TOTAL EXPENSE ADJUSTMENT
3952110 Decrease use of retained earnings/fund balance (reserves)
Decrease
(Increase)
(141,749)
115,920
360,000
(108,437)
(103,551 )
122,183
(Decrease)
(145,075)
(489,312)
(299,735)
(645,065)
(491,885)
(50,000)
(2,121,072)
1,998,889
(1) Majority of the change in operating revenue is the net of increase in airline security reimbursement
and decrease FAA operating grant
(2) Passenger facility revenue decreased to reflect current annualized enplanement amount
of 174,240 passengers
(3) Decrease in interest revenue to more accurately reflect current earnings
(4) Increase Federal and State Reimbursement for capital projects to coincide with grant awards
(5) Majority of the reduction is related to overbudgeting of health
insurance. 2003 health insurance cost was approx $100,000 less than the
budgeted amount. 2003 & 2004 activity was analyzed and the proposed
reduction was calculated on a weighted average of actual cost.
(6)
Four years of actual historical cost and current year activity was analyzed
and compared to 2004 budget which revealed duplicate and over budgeting
of certain activities.
(7) Decrease is largely due to discontinuation of Small Air Development Grant
in which matching funds were budgeted and decreases for repairs & maint
and small equipment.
(8) Overall capital improvement decrease reflects current approved projects. Capital
will be amended again in the future as federal and state funding is received and
upon receipt of bond proceeds.
(9) Decrease in contingency decreases projected operating expenses for the airport.
(10) Both Daniel and Bush Field Commissions have agreed to discontinue the transfer
(11) Approximately 2.7 million was budgeted to fund current budget. This proposal decreases
the amount of reserve funding to approx $700,000. This amount will be used to fund the
airport's share of capital improvements
07/20/2004
. Footnote
(1)
(2)
(3)
(4)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
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2004 BUDGET CUTS.xls