HomeMy WebLinkAboutMINUTES - 01202015 - C.20RECOMMENDATION(S):
APPROVE Appropriation and Revenue Adjustment No.5039 in the amount of $30,000 for
the reduction of commercial tenant revenue due to a lower revenue stream when a
commercial property reverted back to the County Airports and subsequent reduction to
anticipated expenditures.
FISCAL IMPACT:
There will be no impact to the General Fund.
BACKGROUND:
On October 6, 2014, the lease for HG Limited terminated and the property reverted back to
the County Airports. Rental income was estimated for the property in the budget and due to
the downturn in the economy; this anticipated amount will no longer be realized. As a result
of this loss of revenue, expenditures will also be reduced.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 01/20/2015 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Beth Lee, (925)
681-4200
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: January 20, 2015
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie L. Mello, Deputy
cc:
C. 20
To:Board of Supervisors
From:Keith Freitas, Airports Director
Date:January 20, 2015
Contra
Costa
County
Subject:Appropriation Adjustment for Public Works Airport for Reduction of Commercial Tenant Revenue
CONSEQUENCE OF NEGATIVE ACTION:
Appropriation adjustments will not occur and the Airport Enterprise Fund budget will
reflect overstatement of revenues and expenses and budget estimates will not be
accurately reflected.
CHILDREN'S IMPACT STATEMENT:
Not Applicable
ATTACHMENTS
AP005039