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HomeMy Public PortalAbout2013_07_23_R085 Suppl Approp Airport Maintenance Grant The Town of Leesburg, Virginia PRESENTED July 23, 2013 RESOLUTION NO. 2013-085 ADOPTED July 23, 2013 A RESOLUTION: AMENDING THE FY2014 BUDGET AND MAKING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $68,000 FROM UNDESIGNATED FUND BALANCE TO THE GENERAL FUND FOR A VIRGINIA DEPARTMENT OF AVIATION REIMBURSEMENT GRANT FOR AIRPORT MAINTENANCE. WHEREAS, the estimated cost of airport maintenance eligible for reimbursement grant is $68,000; and WHEREAS, The Virginia Department of Aviation provides reimbursable grant funding annually for qualifying maintenance projects at 80 percent or$54,400; the Town of Leesburg share is 20 percent or $13,600 for general airport repair and maintenance; and WHEREAS, this funding will be seed funding that is required in order to participate in the reimbursement grant process. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia that effective July 23, 2013 the sum of$68,000 is transferred from the General Fund undesignated fund balance to the General Fund for airport maintenance grant funding. PASSED this 23rd day of July 2013. Kristen C. Umstattd, Mayor Town of Leesburg AT ST: Clerk ofwoune�l P:\Resolutions\2013\0723 Airport Maintenance Grant.doc