Title
Department of Transportation recommending the Board authorize the Chair to sign the Budget Transfer increasing revenue and appropriations for FY2010-2011 for the Placerville and Georgetown Airports Enterprise Funds, Special Aviation Fund, El Dorado Hills Traffic Impact Mitigation (TIM) Fee Special Revenue Fund, the Silva Valley Interchange Set-Aside Special Revenue Fund, Public Utility Franchise Fee Special Revenue Fund and Road Fund. (4/5 vote required)
FUNDING: State California Aid to Airports Revenue, General Fund, El Dorado Hills Traffic Impact Mitigation Funds, Public Utility Franchise Fees.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 111,000
Funding
Budgeted $
New Funding $ 111,000
Savings $
Other $
Total Funding Available $ 111,000
Change To Net County Cost $ 0
Fiscal Impact/Change to Net County Cost:
There is no change to net County Cost. Additional revenues received in the various funds.
Background:
AIRPORTS
The airports have received unanticipated revenue from the California Aid to Airports Program (CAAP). In fiscal year 09/10 CAAP funding was indefinitely suspended. In January 2011 the suspension for CAAP funding was lifted and became retro-active allowing for fiscal year 09/10 and fiscal year 10/11 funding to be made available. The CAAP funding provides $10,000 a year per airport for a total of $40,000 in additional revenue. This additional revenue will allow the Placerville Airport to increase it's fund balance in the current year and carry over the funds to fiscal year 11/12 to be used to fund a portion of the match on the security fence capital project, and to be used for operations. The Georgetown airport will require less General Fund contribution. The Department is requesting that this portion of the General Fund contribution be transferred to Placerville Airport to purchase a fueling truck.
For the past several years Placerville Airpor...
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