Budget amendment on agenda
Published 11:28 am Monday, December 31, 2018
The Farmville Town Council is set to hold a public hearing Wednesday, Jan. 9, to discuss amending its Fiscal Year (FY) 2018-19 budget to include grant funding the town received to improve the town airport’s runway.
The public hearing is scheduled to be held at 6:45 p.m. at the Farmville Town Hall, located at 116 N. Main St.
The town was awarded grant funding from the Federal Aviation Administration (FAA) and the Virginia Department of Aviation to pave and improve the lighting at the Farmville Regional Airport in August.
“The state has allocated money to us that has to be spent by June 30 for the pavement and lighting rehabilitation for the runway, the design work,” Town Manager Gerald Spates said during the Dec. 12 meeting.
According to documentation from the town, total grant funding comes to $389,320. The FAA paid 90 percent, or $350,388 for the project, the Virginia Department of Aviation paid 8 percent, $31,145 and the Town of Farmville is paying 2 percent, $7,787, making the amended amount total $381,533.
If the council approves the amendment during the Jan. 9 meeting, the total FY 2018-2019 budget will change to $29,000,305.80. The total budget is currently $28,618,772.80 after budget amendments were made during the October 2018 meeting.
The amendment would be added to the town’s General Fund and appropriated for expenditure by the Airport Fund.
The town recently finished a project for the Farmville Municipal Airport that included repaving the apron area, or the section of the airport where airplanes park and taxi to and from the runway.
The airport temporarily closed for renovations during this time.