HomeMy WebLinkAbout189 - 12/02/2025 - ADOPTING THE 2026 BUDGET AND APPROPRIATING THE FORT COLLINS SHARE OF THE 2026 FISCAL YEAR OPERATINGORDINANCE NO.189,2025
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING THE 2026 BUDGET AND APPROPRIATING THE FORT COLLINS SHARE
OF THE 2026 FISCAL YEAR OPERATING AND CAPITAL IMPROVEMENT FUNDS
FOR THE NORTHERN COLORADO REGIONAL AIRPORT
A.In 1963,the City of Fort Collins and the City of Loveland (the “Cities”)agreed
to establish a regional general aviation facility and became owners and operators of the
Fort Collins-Loveland Municipal Airport,now known as the Northern Colorado Regional
Airport (the “Airport”).
B.The Airport is operated as a joint venture between the Cities,with each city
retaining 50%ownership interest,sharing equally in policy-making and management,and
each assuming responsibility for 50%of the Airport’s capital and operating costs.
C.Pursuant to the Amended and Restated Intergovernmental Agreement for
the Joint Operation of the Airport dated January 22,2015,and the First Amendment to
the Amended and Restated Intergovernmental Agreement for the Joint Operation of the
Airport dated June 7,2016,(collectively,the “IGA”),the Airport Manager is responsible
for preparing the Airport’s annual operating budget and submitting it to the Cities for their
approval.
D.Under the IGA,the City’s share of existing and unanticipated Airport
revenue is to be held and disbursed by the City of Loveland as an agent on behalf of the
Cities,since the City of Loveland provides finance and accounting services for the Airport.
E.The Airport Manager has submitted for City Council consideration a 2026
Airport operating budget totaling $2,226,496 of which the City’s 50%share is $1,113,248.
F.Pursuant to the IGA,the City of Loveland holds on behalf of both Cities the
revenues of,and other financial contributions to,the Airport in a fund,which includes
unappropriated and unencumbered reserves (the “Airport Fund”).
G.Funding for the Airport’s 2026 operating budget has been identified as
follows:
Airport Revenues $2,217,263
Airport Reserves 9,233
Total $2,226,496
H.The City’s 50%share of the 2026 Airport operating costs,to be held in the
Airport Fund,is $1,113,248.
The Airport Reserves item is an appropriation for use by the Northern
Colorado Regional Airport Commission for discretionary Airport projects.
J.City Finance staff has reviewed the financial statements for the Airport and
determined that the requested appropriation of Airport Reserves in the 2026 Airport
Budget meets the required limits set forth in the IGA.
K.This appropriation benefits the public health,safety and welfare of the
residents of Fort Collins and serves the public purpose of enhancing transportation and
economic welfare of the City and its residents.
L.This appropriation will not require additional funding from the Cities and is
consistent with the IGA.
In light of the foregoing recitals,which the Council hereby makes and adopts as
determinations and findings,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS,as follows:
Section 1.The City Council hereby approves and adopts the 2026 Airport
operating budget totaling $2,226,496,a copy of which is attached hereto as Exhibit A and
incorporated herein by reference.
Section 2.The City Council hereby appropriates in the Airport Fund $1,113,248
to be expended to defray the City’s 50%share of the 2026 operating costs of the Airport.
Introduced,considered favorably on first reading on November 18,2025,and
approved on second reading for final passage o ecember~~~4,
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ArrEST:
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Effective Date:December 12,2025
Approving Attorney:Dianne Criswell
Exhibit:Exhibit A —2026 Northern Colorado Regional Airport Budget
EXHIBITATO ORDINANCE NO.189,2025
2026 Northern Colorado Regional Airport Budget
2O24ACTUAL 2O25ADOPTED 2O25REVISED 2O26ADOPTED
2024 2025 2025 FY2026 Prior Year Change $Prior Year Change %
Revenues by Division
Non-Departmental $12728133 $16376736 $20,369,400 $2.217,263 414.159.473 -86%
A rport $0 $250000 $250000 —-$250.00 -100%
REVENUES BY DIVISION TOTAL $12,728,133 $16,626,736 $20,619,400 $2,217,263 ‘814,409,473 ‘87%
Revenues by Class
Gain/Loss On Assets $2.90 5 ———$0 —
Interest ncone $217699 $51,450 $51450 $51450 $0 0%
Intergovern $10372697 814.439.240 $18431904 —-$14,439,240 -100%
Lease Revenue $433,666 ——$0 —
Miscellaneous $97137 $55,230 $55,230 $87,230 $32,000 58%
Operating Revenues $1,604,030 $2,080,816 $2 080.816 $2078583 -$2233 0%
REVENUES BY CLASS TOTAL $12,728,133 $16,626,736 $20,618,400 $2,217,263 -$14,409,473 -87%
Expenses by Division
Non-Departmental $2,094 ——$0 —
Airport $20,702 744 $20,433,497 821.075.897 $2,226,496 418.207.001 -89%
EXPENSES BY DIVISION TOTAL $20,704,838 $20,433,497 $21,075,897 $2,226,496 ‘818,207.001 49%
Expenses by Class
Personal Services $802,685 $1231592 81.231 592 $1,134,386 $97206 -8%
Capital Outlay 818.386.656 $18,12L404 $18,181,904 $170000 ‘$17,951,404 -99%
Supplies $111,783 $129729 $129,729 $151,903 $22,174 17%
Purchased Services $1,380,264 $924,322 $1,506,222 $770,207 $154,115 ‘17%
Cost Allocations $23,450 $26,450 $26,450 $26450 -100%
EXPENSES BY CLASS TOTAL 820.704.338 $20,433,497 $21,075,397 82.226.496 -818,207.001 -89%
Dip by Operating vs.Capital
Operating Expenses $20,704,838 $20,433,497 $21,075,897 $2 226,496 -$18,207,001 -89%
EXR BY OPERATING VS.$20304838 $20,433,497 $21,075,897 $2,226,496 -$18,207,001 -89%
September 9,2025 10.28 AM