Professional Documents
Culture Documents
OF
JACKSON MUNICIPAL AIRPORT AUTHORITY
BOARD OF COMMISSIONERS
September 28, 2015
I.
II.
INVOCATION
III.
B.
Notice of the Rescheduling of the Regular Monthly Work Session of the Board of
Commissioners (The Board) of the Jackson Municipal Airport Authority
(JMAA) from Thursday, September 24, 2015 at 8:30 a.m. to Thursday,
September 24, 2015 at 4:30 p.m.
IV.
PUBLIC COMMENTS
V.
REPORTS
A.
B.
C.
VI.
1.
2.
3.
Attorney
1.
2.
ACTION ITEMS
A.
Financial Matters
1.
(b)
(c)
3.
Early Issues...Page 57
B.
2.
Service Agreements
Airport Minority Advisory Council Regional Forum, JMAA: Authorize
Amendment to Agreement and Increase Project Budget...Page 58
2.
3.
4.
5.
6.
C.
1.
Construction Project
1.
D.
Procurements
1.
E.
Grants
F.
Other Matters
1.
VII.
G.
New Business
H.
ADJOURNMENT
Proj. #
FY
005
005
013
014
014
015
008
008
010
001
003
9
11
11
11
11A
11
12
12A
12
15
15
Pg. #
1
2
3
4
5
6
7
8
9
10
11
12
13
Total
$24,371,069
$2,418,724
$1,528,400
$35,953,323
$1,563,092
$65,834,608
% of Total
37.02%
3.67%
2.32%
54.61%
2.37%
100.00%
Payments to Date
$7,066,873
$332,305
$333,039
$5,904,151
$283,316
$13,919,684
Remaining Balance
$17,304,196
$2,086,419
$1,195,361
$30,049,172
$1,279,776
$51,914,924
Balance as % of Total
71.00%
86.26%
78.21%
83.58%
81.87%
Budget Allocations
Administrative
Advertising
Architectural
Construction
Consulting
Contingency
Reimbursable
Engineering Services
Legal
Salaries
Total
$2,000
$24,575
$2,224,082
$55,646,651
$2,359,406
$593,066
$3,575
$4,452,332
$184,398
$344,523
$65,834,608
% of Total
0.00%
0.04%
3.38%
84.52%
3.58%
0.90%
0.01%
6.76%
0.28%
0.52%
100.00%
Payments to Date
$0
$5,043
$1,027,237
$7,844,535
$2,239,030
$0
$0
$2,251,912
$164,445
$387,482
$13,919,684
Remaining Balance
$2,000
$19,532
$1,196,845
$47,802,116
$120,376
$593,066
$3,575
$2,200,420
$19,953
-$42,959
$51,914,924
Balance as % of Allocation
100.00%
79.48%
53.81%
85.90%
5.10%
100.00%
100.00%
49.42%
10.82%
-12.47%
Funding Sources
FAA
PFC
MDOT
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment
Salaries
Services
Total Budget
$5,265,161
Current Payments
$2,989,701
Project Balance
$2,275,460
Percent Complete
57%
Amounts
$1,665,875
$3,000,000
$79,207
$520,079
$5,265,161
Percent
32%
57%
2%
10%
100%
Remaining Balance
(262,544)
$1,995,009
$22,916
$520,079
$2,275,460
% Balance by Source
-16%
67%
29%
100%
Original Budget
$0
$1,000
$0
$3,000,000
$0
$285,000
$0
$300,000
$5,000
$0
$0
$1,000
$0
$3,592,000
Current Budget
$0
$1,575
$0
$3,556,070
$0
$548,066
$0
$892,568
$90,648
$0
$0
$176,234
$0
$5,265,161
Payments to Date
$0
$1,557
$0
$2,021,021
$0
$0
$0
$750,697
$36,609
$0
$0
$179,817
$0
$2,989,701
Balance
$0
$18
$0
$1,535,049
$0
$548,066
$0
$141,871
$54,039
$0
$0
-$3,583
$0
$2,275,460
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Current Payments
$1,031,193
Project Balance
$11,651,535
Percent Complete
8%
Amounts
$11,991,786
$315,573
$40,578
$334,791
$12,682,728
Percent
95%
2%
0%
3%
100%
Remaining Balance
$11,141,298
$302,792
$15,078
$192,368
$11,651,536
% Balance by Source
93%
96%
37%
57%
Original Budget
$0
$3,000
$0
$11,000,000
$0
$0
$7,000
$1,105,000
$10,000
$0
$0
$35,000
$0
$12,160,000
Current Budget
$0
$500
$0
$11,000,000
$0
$0
$3,575
$1,628,114
$20,250
$0
$0
$30,289
$0
$12,682,728
Payments to Date
$0
$476
$0
$0
$0
$0
$0
$917,134
$16,550
$0
$0
$97,033
$0
$1,031,193
Balance
$0
$24
$0
$11,000,000
$0
$0
$3,575
$710,980
$3,700
$0
$0
-$66,744
$0
$11,651,535
Funding Sources
PFC
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$21,255,583
Current Payments
$1,510,084
Project Balance
$19,745,499
Percent Complete
7%
Amounts
$21,255,583
$0
$21,255,583
Percent
100%
0%
100%
Remaining Balance
$19,745,499
$0
$19,745,499
% Balance by Source
93%
0%
Original Budget
$0
$1,000
$35,000
$300,000
$0
$0
$5,000
$0
$1,000
$0
$0
$2,000
$0
$344,000
Current Budget
$0
$1,000
$2,084,389
$19,103,794
$0
$0
$0
$51,400
$5,000
$0
$0
$10,000
$0
$21,255,583
Payments to Date
$0
$913
$974,812
$468,000
$0
$0
$0
$46,400
$14,835
$0
$0
$5,124
$0
$1,510,084
Balance
$0
$87
$1,109,577
$18,635,794
$0
$0
$0
$5,000
-$9,835
$0
$0
$4,876
$0
$19,745,499
Funding Sources
FAA
MDOT
PFC
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$19,070,255
Current Payments
$7,128,856
Project Balance
$11,941,399
Percent Complete
37%
Amounts
$7,690,463
$200,000
$11,179,792
$19,070,255
Percent
40%
1%
59%
100%
Remaining Balance
$3,692,087
$0
$8,249,312
$11,941,399
% Balance by Source
48%
0%
74%
Original Budget
$0
$0
$0
$0
$1,209,384
$0
$120,000
$0
$2,000
$0
$0
$20,000
$0
$1,351,384
Current Budget
$0
$10,000
$0
$16,911,211
$2,098,444
$0
$0
$10,600
$10,000
$0
$0
$30,000
$0
$19,070,255
Payments to Date
$0
$611
$0
$4,962,934
$2,102,762
$0
$0
$0
$54,206
$0
$0
$8,343
$0
$7,128,856
Balance
$0
$9,389
$0
$11,948,277
-$4,318
$0
$0
$10,600
-$44,206
$0
$0
$21,657
$0
$11,941,399
Funding Sources
PFC
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$477,370
Current Payments
$433,096
Project Balance
$44,274
Percent Complete
91%
Amounts
$477,370
$477,370
Percent
100%
100%
Remaining Balance
$44,274
$44,274
% Balance by Source
9%
Original Budget
$0
$2,500
$0
$400,000
$41,870
$0
$0
$18,000
$5,000
$0
$0
$10,000
$0
$477,370
Current Budget
$0
$2,500
$0
$400,000
$41,870
$0
$0
$18,000
$5,000
$0
$0
$10,000
$0
$477,370
Payments to Date
$0
$581
$0
$392,580
$21,412
$0
$0
$16,524
$1,920
$0
$0
$79
$0
$433,096
Balance
$0
$1,919
$0
$7,420
$20,458
$0
$0
$1,476
$3,080
$0
$0
$9,921
$0
$44,274
Funding Sources
CFC
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$1,332,092
Current Payments
$283,316
Project Balance
$1,048,776
Percent Complete
21%
Amounts
$1,332,092
$1,332,092
Percent
100%
100%
Remaining Balance
$1,048,776
$1,048,776
% Balance by Source
79%
Original Budget
$0
$0
$0
$0
$75,810
$0
$12,900
$0
$1,000
$0
$0
$1,200
$0
$90,910
Current Budget
$0
$1,000
$0
$0
$219,092
$0
$0
$1,084,000
$14,000
$0
$0
$14,000
$0
$1,332,092
Payments to Date
$0
$264
$0
$0
$114,856
$0
$0
$132,418
$17,328
$0
$0
$18,450
$0
$283,316
Balance
$0
$736
$0
$0
$104,236
$0
$0
$951,582
-$3,328
$0
$0
-$4,450
$0
$1,048,776
Funding Sources
FAA
MDOT
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$4,128,920
Current Payments
$379,663
Project Balance
$3,749,257
Percent Complete
9%
Amounts
$3,022,945
$326,431
$779,544
$4,128,920
Percent
73%
8%
19%
100%
Remaining Balance
$2,733,355
$310,343
$705,559
$3,749,257
% Balance by Source
90%
95%
91%
Original Budget
$0
$500
$0
$0
$3,000
$0
$21,000
$279,000
$5,000
$0
$0
$24,500
$0
$333,000
Current Budget
$0
$3,000
$0
$3,430,000
$0
$0
$0
$635,920
$25,000
$0
$0
$35,000
$0
$4,128,920
Payments to Date
$0
$207
$0
$0
$0
$0
$0
$308,669
$13,712
$0
$0
$57,075
$0
$379,663
Balance
$0
$2,793
$0
$3,430,000
$0
$0
$0
$327,251
$11,288
$0
$0
-$22,075
$0
$3,749,257
Funding Sources
JMAA
MDOT
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$489,017
Current Payments
$48,362
Project Balance
$440,655
Percent Complete
10%
Amounts
$4,887
$484,130
$489,017
Percent
1%
99%
100%
Remaining Balance
$4,403
$436,251
$440,655
% Balance by Source
90%
90%
Original Budget
$0
$2,000
$0
$400,017
$0
$0
$0
$72,000
$5,000
$0
$0
$10,000
$0
$489,017
Current Budget
$0
$2,000
$0
$400,017
$0
$0
$0
$72,000
$5,000
$0
$0
$10,000
$0
$489,017
Payments to Date
$0
$0
$0
$0
$0
$0
$0
$36,890
$2,898
$0
$0
$8,574
$0
$48,362
Balance
$0
$2,000
$0
$400,017
$0
$0
$0
$35,110
$2,102
$0
$0
$1,426
$0
$440,655
Funding Sources
CFC
MDOT
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$533,289
Current Payments
$56,053
Project Balance
$477,236
Percent Complete
11%
Amounts
$231,000
$123,059
$179,230
$533,289
Percent
43%
23%
34%
100%
Remaining Balance
$231,000
$123,059
$123,177
$477,236
% Balance by Source
100%
100%
69%
Original Budget
$0
$0
$0
$0
$0
$0
$0
$27,600
$1,000
$0
$0
$1,000
$0
$29,600
Current Budget
$0
$0
$0
$470,559
$0
$0
$0
$59,730
$2,000
$0
$0
$1,000
$0
$533,289
Payments to Date
$0
$0
$0
$0
$0
$0
$0
$43,180
$3,636
$0
$0
$9,237
$0
$56,053
Balance
$0
$0
$0
$470,559
$0
$0
$0
$16,550
-$1,636
$0
$0
-$8,237
$0
$477,236
Funding Sources
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Equipment/Equipment Cost
Salaries
Services
Total Budget
$495,193
Current Payments
$55,425
Project Balance
$439,768
Percent Complete
11%
Amounts
$495,193
$495,193
Percent
100%
100%
Remaining Balance
$439,768
$439,768
% Balance by Source
89%
Original Budget
$2,000
$0
$67,693
$375,000
$0
$45,000
$0
$0
$2,500
$0
$3,000
$0
$495,193
Current Budget
$2,000
$0
$67,693
$375,000
$0
$45,000
$0
$0
$2,500
$0
$3,000
$0
$495,193
Payments to Date
$0
$0
$52,125
$0
$0
$0
$0
$0
$2,720
$0
$580
$0
$55,425
Balance
$2,000
$0
$15,568
$375,000
$0
$45,000
$0
$0
-$220
$0
$2,420
$0
$439,768
Funding Sources
JMAA
Budget Allocations
Administrative
Advertising
Architectural Services
Construction
Consulting
Contingency
Engineering Reimbursable
Engineering Services
Legal
Other
Equipment/Equipment Cost
Salaries
Services
Total Budget
$105,000
Current Payments
$3,935
Project Balance
$101,065
Percent Complete
4%
Amounts
$105,000
$105,000
Percent
100%
100%
Remaining Balance
$101,065
$101,065
% Balance by Source
96%
Original Budget
$0
$3,000
$100,000
$0
$0
$0
$0
$0
$5,000
$0
$0
$25,000
$0
$133,000
Current Budget
$0
$3,000
$72,000
$0
$0
$0
$0
$0
$5,000
$0
$0
$25,000
$0
$105,000
Payments to Date
$0
$434
$300
$0
$0
$0
$0
$0
$31
$0
$0
$3,170
$0
$3,935
Balance
$0
$2,566
$71,700
$0
$0
$0
$0
$0
$4,969
$0
$0
$21,830
$0
$101,065
Professional Recognitions
Celestine Davis
Communication Officer
Airport Communication Department
FINANCE
POLICY TITLE:
ADOPTED:
REPLACES/REVISES
N/A
REFERENCES:
PURPOSE:
DATED: N/A
POLICY
From time-to-time, the Jackson Municipal Airport Authority (the Authority) may
determine that personal property belonging to the Authority is of no further use to the
Authority, and will better serve the Authority by being sold. The proceeds from the sale of
the surplus personal property shall be deposited in account of the Authority, for use by the
Authority. Personal Property includes but is not limited to, equipment, vehicles, fixtures,
furniture, firearms, and commodities. The Authority shall manage the sale of the surplus
property in accordance with these Policies and Procedures.
PROCEDURES
1.
Declaration as Surplus.
1.1
1.2
The Board shall find and determine by resolution, duly and lawfully adopted
and spread upon it minutes, that:
1.3.1 The Personal Property is no longer needed for the Authoritys
purposes and is not to be used in the Authority's operation;
2.
1.3.2
1.3.3
The use of the Personal Property for the purpose for which
it is to be sold, leased or otherwise disposed of will
promote and foster the development and improvement of
the Authority or of the community in which it is located
and the civic, social, educational, cultural, moral, economic
or industrial welfare thereof.
Methods of Disposal.
2.1
Sale of Property.
2.1.1
2.1.2
2.1.3
2.1.4
The Authority shall maintain, for a period of not less than three (3)
years following the date of the sale, a written record of the sale of
surplus property, including a copy of any notices published, and a
description of the surplus property sold and the sale price.
2.1.5
Definitions ...........................................................................................................1
ARTICLE II.
PURPOSE AND SCOPE
Section 2.1
Section 2.2
Section 2.3
Section 3.1
Section 3.2
Section 4.1
Section 4.2
Section 4.3
Section 4.4
Application...........................................................................................................6
Prior to Issuance of Tax-Exempt Bonds. .............................................................6
Accounting and Recordkeeping. ..........................................................................7
Final Allocation of Bond Proceeds. .....................................................................7
ARTICLE VI.
ONGOING MONITORING PROCEDURES
Section 6.1
Section 6.2
Section 7.1
Section 7.2
ii
"Final Written Allocation" means the Final Written Allocation of Tax-Exempt Bond
proceeds prepared pursuant to Section 5.4 of this Compliance Procedure.
"Financed Assets" means that part of a Project Facility treated as financed with TaxExempt Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocation
was prepared, the accounting records of the Issuer and the Tax Compliance Agreement for the
Tax-Exempt Bonds.
"Governing Body" means the Board of Commissioners of the Issuer.
"Intent Resolution" means a resolution of the Issuer stating (1) the intent of the Issuer to
finance all or a portion of the Project Facility, (2) the expected not to exceed amount of the
financing, (3) the maximum term of the Tax-Exempt Bonds, and (4) the intent of the Issuer to
reimburse Costs of the Project Facility paid by the Issuer from proceeds of the Tax-Exempt Bonds.
"IRS" means the Internal Revenue Service.
"Issuer" means the Jackson Municipal Airport Authority.
"MSRB" means the Municipal Securities Rulemaking Board, or any successor repository
designated as such by the Securities and Exchange Commission in accordance with Rule 15c212(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act
of 1934, as the same may be amended from time to time.
"Placed In Service" means that date (as determined by the Bond Compliance Officer) when
the Project Facility is substantially complete and in operation at substantially its design level.
"Project Facility" means all tangible or intangible property financed in whole or in part
with Tax-Exempt Bonds that are (1) functionally related or integrated in use, (2) located on the
same physical site or proximate sites, and (3) expected to be Placed In Service within a one-year
period of each other.
"Rebate Analyst" means the rebate analyst for the Tax-Exempt Bonds selected pursuant to
the Tax Compliance Agreement.
"Regulations" means all regulations issued by the U.S. Treasury Department to implement
the provisions of Code 103 and 141 through 150 and applicable to tax-exempt obligations.
"Tax Compliance Agreement" means the Federal Tax Certificate, Tax Compliance
Agreement, Arbitrage Agreement, or other written certification or agreement of the Issuer setting
out representations and covenants for satisfying the post-issuance tax compliance requirements for
the Tax-Exempt Bonds.
"Tax-Exempt Bonds" means any bond, note, installment sale agreement, lease or certificate
intended to be a debt obligation of the Issuer or another political subdivision or government
instrumentality, the proceeds of which are to be loaned or otherwise made available to the Issuer,
and the interest on which is excludable from gross income for federal income tax purposes (this
also includes outstanding "tax-advantaged" debt such as Build America Bonds, Qualified School
2
Construction Bonds or Qualified Zone Academy Bonds and subsidiary obligations that were
financed by tax-exempt debt (e.g. State revolving fund loans)).
"Tax-Exempt Bond File" means documents and records which may consist of paper and
electronic medium, maintained for the Tax-Exempt Bonds. Each Tax-Exempt Bond File will
include the Bond Transcript, and if not in the Bond Transcript, then the following, if applicable:
(a)
Intent Resolution.
(b)
Bond Transcript.
(c)
Final Written Allocation and/or all available accounting records related to the
Project Facility showing expenditures allocated to the proceeds of the Tax-Exempt Bonds and
expenditures (if any) allocated to other sources of funds.
(d)
All rebate and yield reduction payment calculations performed by the Rebate
Analyst and all investment records provided to the Rebate Analyst for purposes of preparing the
calculations.
(e)
(f)
including:
(2)
written summary of reasons for deviations from the terms of the solicitation
that are incorporated into the investment agreement; and
(3)
(g)
Any item required to be maintained by the terms of the Tax Compliance Agreement
involving the use of the Project Facility or expenditures related to tax compliance for the TaxExempt Bonds.
(h)
Any opinion of Bond Counsel regarding the Tax-Exempt Bonds not included in the
Bond Transcript.
(i)
Amendments, modifications or substitute agreements to any agreement contained
in the Bond Transcript.
(j)
Any correspondence with the IRS relating to the Tax-Exempt Bonds including all
correspondence relating to an audit by the IRS of the Tax-Exempt Bonds or any proceedings under
the Tax-Exempt Bonds Voluntary Closing Agreement Program (VCAP).
(k)
Any available questionnaires or correspondence substantiating the use of the
Project Facility in accordance with the terms of the Tax Compliance Agreement for the TaxExempt Bonds.
3
(l)
For refunding bond issues, the Tax-Exempt Bond File for the refunded Tax-Exempt
Bonds.
ARTICLE II.
PURPOSE AND SCOPE
Section 2.1
(a)
Issuer's Use of Tax-Exempt Bonds. The Issuer, from time to time, uses Tax-Exempt
Bonds to finance Costs of a Project Facility. The Issuer understands that in exchange for the right
to issue Tax-Exempt Bonds at favorable interest rates and terms, the Code and Regulations impose
ongoing requirements related to the proceeds of the Tax-Exempt Bonds and the Project Facility
financed by the Tax-Exempt Bonds. These requirements focus on the investment, use and
expenditure of proceeds of the Tax-Exempt Bonds and related funds as well as restrictions on the
use of the Project Facility.
(b)
IRS Recommends Separate Written Procedures. The Issuer recognizes that the IRS
has stated that all issuers of Tax-Exempt Bonds should have separate written procedures regarding
ongoing compliance with the federal tax requirements for Tax-Exempt Bonds.
(c)
Continuing Disclosure Undertaking; Issuer Commitment. The Issuer is required
under the Continuing Disclosure Undertaking to provide disclosures of certain financial
information and operating data and to file notices of certain material events to the marketplace to
facilitate informed secondary market trading in Tax-Exempt Bonds issued by the Issuer. The Issuer
is committed to full compliance with the federal tax and securities law requirements for all of its
outstanding and future tax-exempt financings. This Compliance Procedure is adopted by the
Governing Body to comply with the IRS and Securities and Exchange Commission directives and
to improve tax and securities law compliance and documentation.
Section 2.2 Scope of Compliance Procedure; Conflicts. This Compliance Procedure
applies to all Tax-Exempt Bonds currently outstanding and all Tax-Exempt Bonds issued in the
future. If the provisions of this Compliance Procedure conflict with a Tax Compliance Agreement,
the Continuing Disclosure Undertaking or any other specific written instructions of Bond Counsel,
the terms of the Tax Compliance Agreement, Continuing Disclosure Undertaking or specific
written instructions of Bond Counsel will supersede and govern in lieu of this Compliance
Procedure. Any exception to this Compliance Procedure required by Bond Counsel as part of a
future issue of Tax-Exempt Bonds will be incorporated in the Tax Compliance Agreement for the
future issue. Any requirements imposed on the Issuer in the Tax Compliance Agreement, will be
noted by the Bond Compliance Officer and incorporated into the Annual Compliance Checklist.
The Issuer acknowledges that the Continuing Disclosure Undertaking may also apply to one or
more issues of taxable securities issued by the Issuer.
Section 2.3 Amendments and Publication of Compliance Procedure. This
Compliance Procedure may be amended from time-to-time by the Governing Body. Copies of this
Compliance Procedure and any amendments will be included in the permanent records of the
Issuer.
4
ARTICLE III.
BOND COMPLIANCE OFFICER; TRAINING
Section 3.1 Bond Compliance Officer Duties. The Bond Compliance Officer is
responsible for implementing this Compliance Procedure. The Bond Compliance Officer will work
with others that are involved with or use the Project Facility to assist in implementing this
Compliance Procedure. The Bond Compliance Officer will consult with Bond Counsel, legal
counsel to the Issuer, accountants, tax return preparers and other outside experts to the extent
necessary to carry out the purposes of this Compliance Procedure. The Bond Compliance Officer
will report to the Governing Body as necessary, and at least annually, regarding implementation
of this Compliance Procedure and any recommended changes or amendments to this Compliance
Procedure.
Section 3.2 Training. When appropriate, the Bond Compliance Officer and/or other
employees of the Issuer under the direction of the Bond Compliance Officer will attend training
programs offered by the IRS or other industry professionals regarding tax-exempt financing that
are relevant to the Issuer. At the time the individual acting as the Bond Compliance Officer passes
the responsibilities for carrying out the provisions of this Compliance Procedure to another
individual, the outgoing Bond Compliance Officer is responsible for training the incoming
individual acting as Bond Compliance Officer to ensure the Issuer's continued compliance with
the provisions of this Compliance Procedure and all Tax Compliance Agreements for any
outstanding Tax-Exempt Bonds.
ARTICLE IV.
TAX-EXEMPT BONDS CURRENTLY OUTSTANDING
Section 4.1 Tax-Exempt Bonds Covered by Article IV Procedures. This Article IV
applies to all Tax-Exempt Bonds issued prior to the date of this Compliance Procedure that are
currently outstanding and any Tax-Exempt Bonds issued in the future.
Section 4.2 Tax-Exempt Bond File. As soon as practical, the Bond Compliance Officer
will attempt to assemble as much of the Tax-Exempt Bond File as is available for all Tax-Exempt
Bonds issued prior to the date of this Compliance Procedure.
Section 4.3 Annual Compliance Checklists. As soon as practical following the
adoption of this Compliance Procedure, the Bond Compliance Officer will work with Bond
Counsel and/or legal counsel to the Issuer and cause Annual Compliance Checklists to be
completed for all outstanding Tax-Exempt Bonds and will follow the procedures specified in
Article VI to complete the Annual Compliance Checklists and thereafter include each completed
Annual Compliance Checklist in the Tax-Exempt Bond File.
Section 4.4 Correcting Prior Deficiencies in Compliance and Remedial Actions. In
the event the Bond Compliance Officer determines any deficiency in compliance with a Tax
Compliance Agreement for an outstanding Tax-Exempt Bond, the Bond Compliance Officer will
follow the procedures described in the Regulations or the Tax-Exempt Bonds Voluntary Closing
5
(a)
Intent Resolution. The Governing Body will authorize and approve the issuance of
Tax-Exempt Bonds. Prior to or as a part of the authorizing resolution or ordinance, the Governing
Body may adopt an Intent Resolution.
(b)
Directions to Bond Counsel. The Bond Compliance Officer will provide a copy of
this Compliance Procedure to Bond Counsel with directions for Bond Counsel to structure the
documentation and procedural steps taken prior to issuing the Tax-Exempt Bonds so that they
conform to the requirements of this Compliance Procedure, except to the extent Bond Counsel
determines that different procedures are required. The Bond Compliance Officer will consult with
Bond Counsel so that appropriate provisions are made to fund or reimburse the Issuer's costs and
expenses incurred to implement this Compliance Procedure.
(c)
Tax Compliance Agreement. For each issuance of Tax-Exempt Bonds, a Tax
Compliance Agreement will be signed by the Bond Compliance Officer or other qualified and
authorized officer of the Issuer. The Tax Compliance Agreement will (1) describe the Project
Facility and the anticipated Financed Assets, (2) identify all Bond Restricted Funds and provide
for arbitrage and rebate compliance, (3) for new money financings, require a Final Written
Allocation, and (4) contain a form of or reference the Annual Compliance Checklist for the TaxExempt Bonds. The Bond Compliance Officer will confer with Bond Counsel and the Issuer's
counsel regarding the meaning and scope of each representation and covenant contained in the Tax
Compliance Agreement.
(d)
Preliminary Cost Allocations. For each issuance of Tax-Exempt Bonds, the Bond
Compliance Officer in consultation with Bond Counsel, will prepare a preliminary cost allocation
plan for the Project Facility. The preliminary cost allocation plan will identify the assets and
expected costs for the Project Facility, and when necessary, will break-out the portions of Costs
that are expected to be financed with proceeds of the Tax-Exempt Bonds (the "Financed Assets")
and the portions, if any, expected to be financed from other sources.
6
(e)
Tax Review with Bond Counsel. Prior to the sale of Tax-Exempt Bonds, the Bond
Compliance Officer and Bond Counsel will review this Compliance Procedure together with the
draft Tax Compliance Agreement to ensure that any tax compliance issues in the new financing
are adequately addressed by this Compliance Procedure and/or the Tax Compliance Agreement.
If Bond Counsel determines that this Compliance Procedure conflicts with the Tax Compliance
Agreement, or must be supplemented to account for special issues or requirements for the TaxExempt Bonds, the Bond Compliance Officer will ask Bond Counsel to include the written
modifications or additions in the final Tax Compliance Agreement. The Bond Compliance Officer
will request Bond Counsel to prepare a form of Annual Compliance Checklist for use in monitoring
the ongoing compliance requirements for the Tax-Exempt Bonds.
Section 5.3
(a)
Accounting for New Money Projects. The Bond Compliance Officer will be
responsible for accounting for the investment and allocation of proceeds of the Tax-Exempt Bonds.
The Bond Compliance Officer will establish separate accounts or subaccounts to record
expenditures for Costs of the Project Facility. Where appropriate, the Bond Compliance Officer
may use accounts established as part of the Issuer's financial records for this purpose. In recording
Costs for the Project Facility, the Bond Compliance Officer will ensure that the accounting system
will include the following information: (1) identity of person or business paid, along with any other
available narrative description of the purpose for the payment, (2) date of payment, (3) amount
paid, and (4) invoice number or other identifying reference.
(b)
Accounting for Refunded Bonds and Related Refunded Bond Accounts. For TaxExempt Bonds that are issued to refund prior Tax-Exempt Bonds, the Tax Compliance Agreement
will set out special accounting and allocation procedures for the proceeds of the financing, and if
necessary proceeds of the refinanced Tax-Exempt Bonds.
(c)
Tax-Exempt Bond File. The Bond Compliance Officer will be responsible for
assembling and maintaining the Tax-Exempt Bond File. The Annual Reports, other reports and
notices of certain material events filed by the Issuer with the MSRB will be publicly available on
EMMA, if required, and need not be separately maintained in the Tax-Exempt Bond File.
Section 5.4
(a)
Preparation of Final Written Allocation: Timing. The Bond Compliance Officer is
responsible for making a written allocation of proceeds of Tax-Exempt Bonds to expenditures and
identifying the Financed Assets. This process will be memorialized in the Final Written Allocation.
For a new money financing, the Bond Compliance Officer will commence this process as of the
earliest of (1) the requisition of all Tax-Exempt Bond proceeds from any segregated Tax-Exempt
Bond funded account, (2) the date the Project Facility has been substantially completed or (3) four
and one/half years following the issue date of the Tax-Exempt Bonds. For Tax-Exempt Bonds
issued only to refund a prior issue of Tax-Exempt Bonds, the Bond Compliance Officer will work
with Bond Counsel to prepare and/or document the Final Written Allocation for the Project Facility
financed by the refunded Tax-Exempt Bonds and include it in the Tax Compliance Agreement.
(b)
Contents and Procedure. The Bond Compliance Officer will consult the Tax
Compliance Agreement and, if necessary, contact Bond Counsel to seek advice regarding any
special allocation of Tax-Exempt Bond proceeds and other money of the Issuer to the Costs of the
Project Facility. If no special allocation is required or recommended, the Bond Compliance Officer
will allocate Costs of the Project Facility to the proceeds of the Tax-Exempt Bonds in accordance
with the Issuer's accounting records. Each Final Written Allocation will contain the following: (1)
a reconciliation of the actual sources and uses to Costs of the Project Facility, (2) the percentage
of the cost of the Project Facility financed with proceeds of the Tax-Exempt Bonds (sale proceeds
plus any investment earnings on those sale proceeds), (3) the Project Facility's Placed in Service
date, (4) the estimated economic useful life of the Project Facility, and (5) any special procedures
to be followed in completing the Annual Compliance Checklist (e.g., limiting the Annual
Compliance Checklist to specific areas of the Project Facility that the Final Written Allocation or
the Tax Compliance Agreement treats as having been financed by Tax-Exempt Bonds).
(c)
Finalize Annual Compliance Checklist. As part of the preparation of the Final
Written Allocation, the Bond Compliance Officer will update the draft Annual Compliance
Checklist contained in the relevant Tax Compliance Agreement. The Bond Compliance Officer
will include reminders for all subsequent arbitrage rebate computations required for the TaxExempt Bonds in the Annual Compliance Checklist.
(d)
Review of Final Written Allocation and Annual Compliance Checklist. Each Final
Written Allocation and Annual Compliance Checklist will be reviewed by legal counsel to the
Issuer or Bond Counsel for sufficiency and compliance with the Tax Compliance Agreement and
this Compliance Procedure. Following the completion of the review, the Bond Compliance Officer
will execute the Final Written Allocation.
ARTICLE VI.
ONGOING MONITORING PROCEDURES
Section 6.1 Annual Compliance Checklist. An Annual Compliance Checklist will be
completed by the Bond Compliance Officer each year following completion of the Final Written
Allocation. Each Annual Compliance Checklist will be designed and completed for the purpose of
identifying potential noncompliance with the terms of the Tax Compliance Agreement or this
Compliance Procedure and obtaining documents (such as investment records, arbitrage
calculations, or other documentation for the Project Facility) that are required to be incorporated
in the Tax-Exempt Bond File. The Bond Compliance Officer will refer any responses indicating a
violation of the terms of the Tax Compliance Agreement to legal counsel to the Issuer or Bond
Counsel and, if recommended by counsel, will follow the procedure set out in Section 4.4 hereof
to remediate the non-compliance.
Section 6.2 Arbitrage and Rebate Compliance. The Bond Compliance Officer will
monitor the investment of Bond Restricted Funds and provide investment records to the Rebate
Analyst on a timely basis. The Bond Compliance Officer will follow the directions of the Rebate
Analyst with respect to the preparation of and the timing of rebate or yield reduction computations.
ARTICLE VII.
CONTINUING DISCLOSURE
Section 7.1 Annual Disclosure Filings. For each issuance of Tax-Exempt Bonds, the
Bond Compliance Officer will review the Continuing Disclosure Undertaking, if one is required,
to determine the financial information and operating data required to be included in the Annual
Report to be filed by the Issuer with the MSRB on EMMA. If required, the Bond Compliance
Officer will cause the Annual Report to be filed with the MSRB on EMMA within the time limits
provided in the Continuing Disclosure Undertaking for the Tax-Exempt Bonds.
Section 7.2 Material Event Disclosure Filings. For each outstanding issue of TaxExempt Bonds subject to SEC Rule 15c2-12, the Bond Compliance Officer will review the
Continuing Disclosure Undertaking to determine the "material events" that require prompt notice
to be filed with the MSRB. Generally, the occurrence of any of the following events with respect
to the Tax-Exempt Bonds represents a "material event", provided, any event listed under
subsections (1), (3), (4), (5), (6), (9), (10), (12) or (13) will always be deemed to be material:
(1)
(2)
(3)
(4)
(5)
(6)
Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or
final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other
material notices or determinations with respect to the tax status of the Tax-Exempt Bonds security,
or other material events affecting the tax status of the Tax-Exempt Bonds security.
(7)
(8)
Bond calls.
(9)
Tender offers.
(10)
Defeasances.
(11)
(12)
Rating changes.
(13)
trustee.
After obtaining actual knowledge of the occurrence of any event that the Bond Compliance
Officer believes may constitute an event requiring disclosure, the Bond Compliance Officer will
contact Bond Counsel to determine if notice of the event is required to be given to the MSRB
under the Continuing Disclosure Undertaking. If it is determined that notice should be provided to
the MSRB or is required to be provided to the MSRB by the Continuing Disclosure Undertaking,
the Bond Compliance Officer will cause the appropriate notice to be filed with the MSRB on
EMMA within 10 business days after the occurrence of the event or as otherwise directed by Bond
Counsel.
1274488
10
2015
2014
$16,165,384.33
30,620,578.12
46,785,962.45
$12,496,490.81
31,335,406.43
43,831,897.24
832,755.10
3,498.64
184,274.86
135,693.48
139,542.05
48,081,726.58
766,968.71
3,974.55
825,209.38
122,149.95
207,686.51
45,757,886.34
275,630.00
275,630.00
95,026,578.30
102,746,887.02
76,768,998.84
101,596,785.20
34,145,217.50
18,661,928.47
(151,165,780.97)
99,414,830.32
28,212,468.28
18,543,772.16
(142,084,598.90)
83,037,425.58
4,908,027.04
2,263,315.46
18,314,893.98
2,625,126.40
1,233,703.40
8,904,934.50
17,309,980.40
146,754.84
13,790,058.62
34,876,833.84
190,900.00
190,900.00
190,900.00
190,900.00
165,273,067.30
164,138,675.76
739,733.97
34,992.33
123,667.97
1,780.89
748,676.74
1,545,000.00
715,907.74
67,562.93
3,977,322.57
739,915.58
35,176.21
131,916.51
1,780.89
739,001.50
1,370,000.00
741,114.94
53,622.09
3,812,527.72
36,409,347.48
(60,171.00)
482,420.85
36,831,597.33
37,965,000.00
(60,171.00)
40,808,919.90
41,717,356.72
37,904,829.00
Fund Equity
Contributed Equity - City of Jackson
Contributed Equity - State of Mississippi
Contributed Equity - Federal Government
Contributed Equity - Hawkins Field Industrial
Park
Retained Earnings
Total Fund Equity
7,350,000.00
428,191.27
42,119,230.20
7,350,000.00
428,191.27
42,119,230.20
1,753,513.90
72,813,212.03
124,464,147.40
1,753,513.90
70,770,383.67
122,421,319.04
165,273,067.30
164,138,675.76
Actual
MONTH
Budget
Variance
Actual
YTD
Budget
Variance
INCOME
AVIATION INCOME
Security Surcharge
Aviation-Baggage Rentals
Cargo Landing Fees
Hangar Rentals
Commercial Landings
Fuel Flowage Fees
Ground Handling
Jet Bridge Rentals
Bldg Rentals-Non Terminal
Parking & Tie Downs
Offices/Space Rentals-Terminal
Ground Leases
Discounts: Ground Leases
Total Aviation Income
$33,527.42
74,217.29
17,058.25
6,442.34
164,193.77
10,392.98
4,074.06
6,734.46
9,310.05
60.00
191,322.99
24,795.26
(583.33)
541,545.54
$28,465.00
74,327.75
13,704.17
5,301.08
173,333.00
10,225.55
2,517.42
5,612.00
9,310.00
48.75
178,884.00
24,726.00
(583.33)
525,871.39
$5,062.42
(110.46)
3,354.08
1,141.26
(9,139.23)
167.43
1,556.64
1,122.46
0.05
11.25
12,438.99
69.26
0.00
15,674.15
$408,431.44
839,634.93
201,694.43
81,684.68
1,627,146.09
101,690.46
36,254.22
74,079.06
102,410.55
2,287.00
2,083,567.93
276,508.27
(6,416.63)
5,828,972.43
$341,579.00
817,605.25
150,745.87
69,130.88
1,668,371.00
112,481.05
27,691.62
62,854.00
102,410.00
536.25
1,980,234.00
273,589.00
(6,416.63)
5,600,811.29
$66,852.44
22,029.68
50,948.56
12,553.80
(41,224.91)
(10,790.59)
8,562.60
11,225.06
0.55
1,750.75
103,333.93
2,919.27
0.00
228,161.14
499,940.67
53,626.21
81,360.84
40,122.82
675,050.54
459,224.00
53,626.25
88,707.83
35,983.08
637,541.16
40,716.67
(0.04)
(7,346.99)
4,139.74
37,509.38
5,381,810.48
589,889.31
947,046.56
424,092.47
7,342,838.82
5,022,058.00
589,889.75
970,912.13
423,899.88
7,006,759.76
359,752.48
(0.44)
(23,865.57)
192.59
336,079.06
CONCESSION INCOME
Concessions-Food & Beverage
Concessions-Gift & News
Concessions-Rent-A-Car's
Concessions-Other
Total Concessions
7,367.70
18,097.17
203,348.89
3,376.92
232,190.68
9,874.00
18,097.17
169,724.42
2,853.00
200,548.59
(2,506.30)
0.00
33,624.47
523.92
31,642.09
72,475.76
199,792.47
2,030,021.26
32,503.89
2,334,793.38
108,614.00
199,068.87
1,866,968.62
31,375.00
2,206,026.49
(36,138.24)
723.60
163,052.64
1,128.89
128,766.89
2,350.00
525.00
0.00
1,020.00
3,895.00
1,312.00
249.00
243.00
2,226.00
4,030.00
1,038.00
276.00
(243.00)
(1,206.00)
(135.00)
23,076.00
4,695.00
25,334.00
30,250.00
83,355.00
15,549.00
2,739.00
33,255.00
35,082.00
86,625.00
7,527.00
1,956.00
(7,921.00)
(4,832.00)
(3,270.00)
1,452,681.76
1,367,991.14
84,690.62
15,589,959.63
14,900,222.54
689,737.09
647.50
0.00
0.00
0.00
647.50
373.42
1,399.25
125.00
9,346.08
11,243.75
274.08
(1,399.25)
(125.00)
(9,346.08)
(10,596.25)
9,071.93
21,525.00
81.92
71,832.02
102,510.87
4,107.62
15,391.75
1,375.00
102,806.88
123,681.25
4,964.31
6,133.25
(1,293.08)
(30,974.86)
(21,170.38)
5,103.79
(1,112.37)
3.99
0.00
55,767.15
5,015.75
0.00
1,735.06
4,334.66
2,296.60
4,970.26
5,427.25
101.17
997.33
78,211.86
6,075.92
318.50
1,995.09
1,083.50
3,167.08
133.53
(6,539.62)
(97.18)
(997.33)
(22,444.71)
(1,060.17)
(318.50)
(260.03)
3,251.16
(870.48)
58,556.17
101,560.53
1,272.79
2,042.11
678,838.29
64,745.40
2,676.95
19,445.66
15,375.45
28,032.23
54,672.86
59,699.75
1,112.87
10,970.63
785,331.69
66,835.12
3,503.50
21,945.99
11,918.50
34,837.88
3,883.31
41,860.78
159.92
(8,928.52)
(106,493.40)
(2,089.72)
(826.55)
(2,500.33)
3,456.95
(6,805.65)
CONCESSIONS - OTHER
JMAA ID Badges
Fingerprinting
Employee Parking Fees
Ground Transportation
Total Concessions - Other
TOTAL INCOME
EXPENSES
BOARD EXPENSES
Board Business Meals
Board Registration
Board Insurance
Board Travel
Total Board Expenses
BUILDING EXPENSES
Access Control
Building Repairs & Maintenance
Cable
Electrical Maintenance
Electricity
Elevator/Escalator Maintenance
Emergency Operations
Garbage
HVAC Maintenance
Jetbridge Maintenance
Landscaping
Lighting Maintenance
Gas Utiltity
Sewer
Telephone Utility
Water Utility
Total Building Expenses
EMPLOYEE EXPENSES
Salaries
Taxable Income-Relocation Expenses
Scheduled Overtime
Overtime
Contra Account- Salaries
Medicare
Social Security
Unemployment Benefits
Other Employee Insurances
Employee Medical Benefits
Dependent Medical Benefits
Employee Dental Benefits
Dependent Dental Benefits
Pension Expense
Deferred Compensation
Cafeteria Plan Flexible Spending
Other Working Fringe Benefit
Business Meals
Dues & Registration Fees
Other Employee Costs
Training
Medical Screening
Travel Expense
Uniforms
Total Employee Expenses
EQUIPMENT
Communications Equipment
Communications Eq. Maintenance
Computer Maintenance
Computer Equipment
Other Equipment Maintenance
Minor Equipment & Appliance
Purchase
Office Equipment Maintenance
Rentals
Tractor Maintenance
Vehicle Maintenance
Total Equipment
MISCELLANEOUS EXPENSES
JMAA Sponorships
Total Miscellaneous Expense
SERVICES
Advertising
Auditing Fees
Bank Service Fees
Business Promotion
Consulting Fees
DBE Expenses
Engineering
Engineering Reimbursables
Actual
6,999.58
7,575.25
1,017.20
4,318.88
7,806.73
80.63
100,942.90
MONTH
Budget
7,102.08
6,288.08
412.06
6,128.83
10,137.91
34.17
132,451.09
Variance
(102.50)
1,287.17
605.14
(1,809.95)
(2,331.18)
46.46
(31,508.19)
Actual
55,152.01
38,928.23
61,893.08
47,526.41
76,508.31
372.35
1,252,925.97
YTD
Budget
78,122.88
69,168.88
71,312.99
67,417.13
111,517.01
375.87
1,448,743.55
Variance
(22,970.87)
(30,240.65)
(9,419.91)
(19,890.72)
(35,008.70)
(3.52)
(195,817.58)
372,803.61
4,860.14
9,131.88
22,355.53
0.00
5,794.95
23,572.32
0.00
5,049.29
47,697.21
13,184.95
2,771.02
1,276.29
63,499.50
9,313.44
351.00
0.00
909.07
13,477.74
(1,110.10)
634.26
1,985.00
3,840.66
7,792.12
609,189.88
429,587.00
0.00
8,493.00
14,472.75
0.00
6,639.00
28,035.00
598.41
8,621.50
55,473.00
13,722.87
2,856.00
1,618.00
71,375.00
12,065.00
347.75
0.00
1,484.17
11,611.59
3,068.75
3,972.50
812.08
9,024.31
5,120.24
688,997.92
(56,783.39)
4,860.14
638.88
7,882.78
0.00
(844.05)
(4,462.68)
(598.41)
(3,572.21)
(7,775.79)
(537.92)
(84.98)
(341.71)
(7,875.50)
(2,751.56)
3.25
0.00
(575.10)
1,866.15
(4,178.85)
(3,338.24)
1,172.92
(5,183.65)
2,671.88
(79,808.04)
4,317,066.56
30,361.38
50,972.99
257,245.39
(147,238.81)
65,861.24
270,252.54
(434.81)
70,392.32
487,043.91
120,407.13
29,638.36
10,738.58
726,993.10
114,378.08
3,402.00
3,892.28
12,722.55
139,410.44
33,517.46
21,044.48
8,372.82
38,286.65
39,109.70
6,703,436.34
4,581,798.00
0.00
57,423.00
165,744.25
(84,507.75)
69,625.00
291,539.00
6,582.51
95,000.50
574,916.00
142,419.48
29,617.00
16,790.00
751,962.00
127,846.00
3,825.25
0.00
16,325.87
127,727.49
33,756.25
43,697.50
8,932.88
99,267.41
56,322.64
7,216,610.28
(264,731.44)
30,361.38
(6,450.01)
91,501.14
(62,731.06)
(3,763.76)
(21,286.46)
(7,017.32)
(24,608.18)
(87,872.09)
(22,012.35)
21.36
(6,051.42)
(24,968.90)
(13,467.92)
(423.25)
3,892.28
(3,603.32)
11,682.95
(238.79)
(22,653.02)
(560.06)
(60,980.76)
(17,212.94)
(513,173.94)
0.00
13,230.24
1,452.43
2,002.00
0.00
781.75
8,555.00
453.83
6,699.58
3,040.09
(781.75)
4,675.24
998.60
(4,697.58)
(3,040.09)
5,673.28
82,218.90
7,582.26
54,878.24
38,195.80
8,599.25
94,105.00
4,992.13
73,695.38
33,440.99
(2,925.97)
(11,886.10)
2,590.13
(18,817.14)
4,754.81
780.00
875.42
3,680.85
6,888.31
6,092.58
35,001.83
2,652.40
637.50
3,688.42
1,654.00
2,788.09
30,950.66
(1,872.40)
237.92
(7.57)
5,234.31
3,304.49
4,051.17
23,898.13
7,879.94
41,949.86
44,575.64
50,421.17
357,273.22
29,176.40
7,012.50
40,572.62
18,194.00
30,668.99
340,457.26
(5,278.27)
867.44
1,377.24
26,381.64
19,752.18
16,815.96
0.00
0.00
2,550.00
2,550.00
(2,550.00)
(2,550.00)
24,603.00
24,603.00
28,050.00
28,050.00
(3,447.00)
(3,447.00)
1,056.96
0.00
10,465.31
887.34
27,788.00
0.00
213.00
0.00
2,097.58
1,387.91
11,076.56
9,247.25
14,010.83
1,960.83
8,392.16
4.92
(1,040.62)
(1,387.91)
(611.25)
(8,359.91)
13,777.17
(1,960.83)
(8,179.16)
(4.92)
21,935.72
44,671.00
133,633.22
86,679.30
245,661.62
0.00
1,067.50
8.96
23,073.38
40,083.13
121,842.16
101,719.75
154,119.13
21,569.13
92,313.76
54.12
(1,137.66)
4,587.87
11,791.06
(15,040.45)
91,542.49
(21,569.13)
(91,246.26)
(45.16)
JMAA Board Meeting
September 28, 2015
Page 47 of 88
Actual
40,615.12
43,022.50
6,593.45
43,803.93
0.00
11,667.00
64.09
44.00
304.50
130.00
186,655.20
MONTH
Budget
40,958.27
43,332.08
4,220.08
48,016.88
113.75
22,078.58
791.67
598.42
400.44
0.00
208,688.21
Variance
(343.15)
(309.58)
2,373.37
(4,212.95)
(113.75)
(10,411.58)
(727.58)
(554.42)
(95.94)
130.00
(22,033.01)
Actual
446,636.32
718,010.70
50,029.68
490,427.57
1,767.50
198,544.29
5,891.54
3,890.63
45,210.99
605.00
2,494,671.54
YTD
Budget
450,540.97
476,652.88
46,420.88
528,185.38
1,251.25
242,864.38
8,708.37
6,582.62
4,268.48
0.00
2,320,249.77
Variance
(3,904.65)
241,357.82
3,608.80
(37,757.81)
516.25
(44,320.09)
(2,816.83)
(2,691.99)
40,942.51
605.00
174,421.77
826.35
2,978.24
7,851.95
5,133.10
5,201.55
7,659.90
1,684.17
2,317.78
33,653.04
1,631.17
1,532.25
15,114.75
3,621.50
11,940.31
7,806.67
1,554.25
9,371.97
52,572.87
(804.82)
1,445.99
(7,262.80)
1,511.60
(6,738.76)
(146.77)
129.92
(7,054.19)
(18,919.83)
7,539.72
16,738.49
156,447.29
35,517.18
75,336.00
75,937.57
19,379.86
39,907.46
426,803.57
17,942.87
16,854.75
166,262.25
39,836.50
131,343.41
85,873.37
17,096.75
103,091.67
578,301.57
(10,403.15)
(116.26)
(9,814.96)
(4,319.32)
(56,007.41)
(9,935.80)
2,283.11
(63,184.21)
(151,498.00)
966,090.35
1,127,454.50
(161,364.15)
11,362,224.51
12,056,093.68
(693,869.17)
486,591.41
240,536.64
246,054.77
4,227,735.12
2,844,128.86
1,383,606.26
3,464.29
9,108.01
18,600.00
30,509.00
862.26
294,759.54
209,929.23
0.00
567,232.33
3,000.00
0.00
18,600.00
540,322.00
55,417.00
171,585.00
131,787.00
0.00
920,711.00
464.29
9,108.01
0.00
(509,813.00)
(54,554.74)
123,174.54
78,142.23
0.00
(353,478.67)
34,552.52
15,764.92
201,000.00
3,086,039.00
131,347.76
2,034,949.61
2,010,106.66
12,656.43
7,526,416.90
33,000.00
0.00
201,000.00
6,276,690.00
732,585.00
1,876,470.00
1,439,994.00
0.00
10,559,739.00
1,552.52
15,764.92
0.00
(3,190,651.00)
(601,237.24)
158,479.61
570,112.66
12,656.43
(3,033,322.10)
OTHER EXPENSES
Depreciation Expense
Interest Expense
Total Other Expenses
748,555.62
143,001.67
891,557.29
747,533.00
143,001.67
890,534.67
1,022.62
0.00
1,022.62
8,326,717.82
1,572,998.00
9,899,715.82
8,311,798.00
1,573,018.37
9,884,816.37
14,919.82
(20.37)
14,899.45
162,266.45
270,712.97
(108,446.52)
1,854,436.20
3,519,051.49
(1,664,615.29)
Insurance
Legal Fees
GAT Security Screening
Parking Lot Fee
Licenses & Permits
Other Services
Postage
Publications & Subscriptions
Temporary Employment Services
Towing Service
Total Services
SUPPLIES
Chemicals
Computer Supplies
Software
Diesel
Gasoline
Janitorial Supplies
Office Supplies
Other Supplies
Total Supplies
Claimant
Amount Operating
90852
049241
90853
049242
90854
049243
147.86
90855
049244
288.88
90856
049245
90857
049246
90858
049247
114.22
90859
049248
350.15
90860
049249
90861
049250
90862
049251
90863
049252
448.00
90864
049253
389.99
90865
049254
90866
049255
90867
049256
90868
049257
90869
049258
90870
049259
90871
049260
90872
049261
90873
049262
90874
049263
90875
049264
Amount Projects
275.00
1,775.00
6,593.45
0.00
9,494.10
20.19
15,000.00
88.02
1,551.00
1,735.06
57.00
2,034.51
154.92
56.77
645.00
4,105.50
34.74
0.00
1,560.99
80.63
3821
Claimant
Amount Operating
90876
049265
363.80
90877
049266
177.26
90878
049267
765.00
90879
049268
90880
049269
327.64
90881
049270
1,350.00
90882
049271
90883
049272
1,737.93
90884
049273
4,832.43
90885
049274
DIRECT DirecTV
90886
049275
90887
049276
25.40
90888
049277
17.61
90889
049278
18.35
90890
049279
117.10
90891
049280
1,558.22
90892
049281
102.58
90893
049282
90894
049283
90895
049284
90896
049285
90897
049286
90898
049287
90899
049288
Amount Projects
2,503.14
491.68
3.99
857.15
0.00
5,295.00
249.00
64.09
1,295.00
750.00
1,260.00
0.00
3822
Claimant
Amount Operating
90900
049289
125.00
90901
049290
312.50
90902
049291
90903
049292
90904
049293
90905
049294
90906
049295
90907
049296
90908
049297
1,818.40
90909
049298
1,597.50
90910
049299
5,619.32
90911
049300
90912
049301
IUPE J. S. Iupe's
90913
049302
126.78
90914
049303
334.00
90915
049304
90916
049305
90917
049306
150.00
90918
049307
159.95
90919
049308
90920
049309
90921
049310
3,041.25
90922
049311
1,092.50
90923
049312
5,490.00
Amount Projects
3,958.33
0.00
350,508.88
190.00
44.00
1,164.75
224.00
416.50
1,195.65
12.26
1,207.50
0.00
2,831.72
500.00
3823
76.25
Claimant
Amount Operating
90924
049313
1,985.00
90925
049314
2,062.60
90926
049315
90927
049316
90928
049317
90929
049318
MSPOW Entergy
90930
049319
456.50
90931
049320
780.00
90932
049321
162.49
90933
049322
371.52
90934
049323
90935
049324
390.00
90936
049325
583.33
90937
049326
90938
049327
500.00
90939
049328
713.65
90940
049329
90941
049330
257.37
90942
049331
149.66
90943
049332
90944
049333
391.40
90945
049334
190.18
90946
049335
90947
049336
Amount Projects
970.00
3,929.29
136.50
145,840.55
85.72
1,097.00
4,322.40
80.00
1,039.44
0.00
3824
Claimant
Amount Operating
90948
049337
90949
049338
90950
049339
55.00
90951
049340
0.00
90952
049341
90953
049342
90954
049343
294.00
90955
049344
73.29
90956
049345
1,287.79
90957
049346
15,047.25
90958
049347
296.00
90959
049348
3,420.00
90960
049349
1,672.01
90961
049350
9,030.00
90962
049351
1,458.00
90963
049352
3,515.49
90964
049353
866.25
90965
049354
265.00
90966
049355
118.00
90967
049356
4,150.00
90968
049357
90969
049358
90970
049359
4,768.87
90971
049360
4,379.85
Amount Projects
0.00
1,452.67
3,658.00
2,066.42
43,803.93
325.00
17,216.61
3825
Claimant
Amount Operating
Amount Projects
0.00
213.00
35,533.50
427.00
33,898.45
90972
049361
90973
049362
90974
049363
0.00
90975
049364
200.00
90976
049365
90977
49366
0.00
381.25
Subtotals
401,774.22
Grand Total
809,727.62
3826
407,953.40
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
484,367
666,446,000
406
2.07
$79.17
$2.99
$11.45
Passengers
LBS
Days
Per Sq. Ft. Per Annum
Per 1,000 LBS
Cost Per Enplanement
$17,122,182
$14,586,035
$2,536,147
$11,226,849
$925,421
$3,351,160
$4,231,000
$4,640,476
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
SUBJECT:
Early Issues
Shown below are claims for payment in support of the AMAC Regional Forum.
Each of the claims is made by a Small, Disadvantaged Business Enterprise or Minority Owned
Business with limited capacity to extend cash investments necessary for materials and supplies to
prepare for the event costs incurred during the event dates.
Vendors and Specific Claims:
1. PJs Talks and Tours - $225.00
2. Alferteen Harrison - $225.00
3. Dawson List dba Ice Dragon Ice Sculptures - $750.00
Staff is requesting authority to pay the aforementioned claims after the services and/or commodities
have been received and accepted by JMAA.
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
PROJECT TITLE:
CONTRACT NO.:
TBD
ACTION REQUESTED
Staff is requesting authority to amend the existing non-professional Service Agreement
(Agreement) with the Airport Minority Advisory Council (AMAC), a Florida nonprofit
corporation, with its principal place of business in Arlington, Virginia, by increasing the amount
of the current Agreement by $1,000.00 in consideration for AMAC conducting a Commissioners
Breakfast event on October 15, 2015, in support of and as a part of the AMAC Regional Forum
(the Forum) for a new Agreement total of $26,000.
Staff is also seeking approval to increase the Jackson Municipal Airport Authoritys (JMAA)
financial commitment to the AMAC Regional Forum Project (Project) by $2,900.00 for services,
commodities and other miscellaneous expenses being paid by JMAA to persons and entities other
than AMAC; and Staff is seeking authority to increase to total Project budget for to $45,700.00.
SYNOPSIS
The proposed amendment to the current Agreement with AMAC will provide for a
Commissioners Breakfast, an invitation only event, hosted by the Chair of the JMAA Board of
Commissioners. Approximately twenty-five (25) guests will be invited to this event to foster
networking and build relationships amongst the leadership of participating airports and business
entities participating in and supporting the Forum. AMAC will address the associated cost of the
event pursuant to the proposed amendment to the Agreement.
The request for an increase in the Project Budget of $3,000.00 will provide for event services and
amenities to include:
1. The floral arrangements in the amount of ($1,000.00) to be used as dcor for all Forum
events to include, the Welcoming Reception, Commissioners Breakfast, Commissioners
Roundtable and other Forum sessions;
2. An aviation themed ice sculpture for the Welcoming Reception ($750.00);
3. Tour Guide services to provide historical and other information about the City of Jackson
to Forum attendees during their travels to and from the Welcome Reception ($450.00);
4. Commemorative t-shirts for staff and volunteers; refrigerated truck rental; and
miscellaneous supplies that may be required during the planned events ($700.00).
BACKGROUND
Each AMAC Regional Forum has a standard set of activities including: general sessions, keynote
addresses, workshops and round-table discussions. The Regional Forum scheduled for Jackson
will include all of those activities and special events hosted by JMAA to enhance the conference
experience for attendees and supporting entities. The goal of the Forum is to ensure that the
business community of Jackson has every opportunity to engage JMAAs decision makers and
build relationships for future endeavors.
SCOPE OF SERVICES
Current Services being provided by AMAC:
1. Meeting venue;
2. Marketing materials and advertisement of the Forum both locally and across aviation
industry media outlets;
3. Printing services:
4. Audio visual equipment and services; and,
5. Photography and videography services.
Estimated Cost
$25,000.00
$1,000.00
$1,375.00
$1,500.00
$3,000.00
$1,125.00
$3,000.00
$6,800.00
$1,750.00
$450.00
$700.00
$45,700.00
$5,000.00
$40,700.00
All associated costs for the Forum and associated events will be addressed with JMAA Operating
and Maintenance funds. Sponsorships and support from the Convention and Visitors Bureau will
be used to offset those expenses.
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
PROJECT TITLE:
CONTRACT NUMBER:
15-060
ACTION REQUESTED
Staff is requesting authority to execute a service agreement with Capturion Network, LLC
(Capturion), of Flowood, Mississippi, a Mississippi Limited Liability Corporation, to provide
advertising services during the 2015 Home football games of Jackson State University (JSU), a
Historically Black University, founded in 1877 and primarily located in Jackson, MS.
The fees for the services shall not exceed $8,000. The term of the proposed agreement will
commence on the date of the execution of the agreement and end on December 30, 2015.
SYNOPSIS
Capturion provides advertising services during JSUs sporting events. Pursuant to the proposed
agreement between Capturion and Jackson Municipal Airport Authority (JMAA), Capturion
will advertise, market and promote the Jackson-Medgar Wiley Evers International Airport to
persons in Central Mississippi through the JSU 2015 Football Advertising Campaign. The Jackson
Municipal Airport Authority will provide an advertisement to be displayed during JSUs four (4)
2015 home football games at Mississippi Veterans Memorial Stadium (Stadium), 2531 North
State Street, Jackson, MS.
The following are the 2015 scheduled home games:
1. October 3, 2015: JSU vs. Grambling State University;
2. October 24, 2015: JSU vs. University of Arkansas Pine Bluff;
3. November 7, 2015: JSU vs. Alabama State University;
PROJECT SCHEDULE
September 2105
Execute Agreement
October 2015
November 2015
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
September 9, 2015
TBD
ACTION REQUESTED
Staff is requesting authority to enter into an agreement with Metro Building Services, Inc. of
Bolton, Mississippi, a Mississippi corporation, to perform an annual inspection and preventive
maintenance on two York chillers (275 ton) providing cooling to the terminal building of the
Jackson-Medgar Wiley Evers International Airport at a cost not to exceed $4,960.00.
SYNOPSIS
Staff sent solicitation letters to ten (10) contractors in the area, eight (8) of which were DBE,
Minority-Owned or Small Businesses.
Two quotes were received in response to the solicitation: one from Metro Building Services, Inc.
for $4,960.00, and one from Upchurch Services, LLC, of Flowood, Mississippi for $6,310.00.
BACKGROUND
Staff solicits preventive maintenance services for these two York Chillers annually. The chillers
are a vital part of the heating, ventilation, and air conditioning (HVAC) system, supplying preconditioned air throughout the terminal building. Preventive maintenance ensures the equipment
is properly cleaned, calibrated and tested.
Check Condenser:
1. Check Flow Switch
2. Remove Condenser Heads
3. Inspect End Sheet
4. Brush Condenser Water Tubes
Cooler:
1. Check Flow Switch Operation
2. Check Refrigerant Level
3. Check Chilled Water Heat Transfer
Purge:
1. Record Purge Operating Hours
2. Record Number of Starts
3. Clean Condenser
4. Replace Filter
General Items Check:
1. Conduct Leak Check
2. Check Rupture Disc
3. Record Condition of Sight Glass
4. Check Safety Shutdown Operation
5. Repair Damaged Insulation
6. Clean Equipment and Surrounding Area
7. Consult with Operator
Control Panel:
1. Run Diagnostic Check on Control Panel
2. Check Safety Shutdown Operation
3. Check All Terminal and Tighten
Connection
4. Check Display Data for Accuracy
5. Check Set Points
SOURCE OF FUNDS
Budget Summary
Non-Professional Services
Legal
Total
$4,960.00
$200.00
$5,160.00
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
September 9, 2015
TBD
ACTION REQUESTED
Staff is requesting authority to enter into an agreement with Delta Tree Service, Inc. of Jackson,
Mississippi, a Mississippi corporation, to perform trimming of twelve (12) mature oak trees
located along the north end of South Hangar Drive and removal of one dead pine tree located on
airport property next to the Laurel Park Apartments in Flowood, MS for a sum not to exceed
$7,000.00
SYNOPSIS
Staff sent solicitation letters to fifty-nine (59) contractors in the area, fifty-one (51) of which
were DBE, Minority-Owned or small businesses.
Two quotes were received in response to the solicitation: one from Delta Tree Service of
Jackson, Mississippi for $7,000.00, and one from Smith Contracting, of Gulfport, Mississippi, a
certified DBE, for $8,750.00.
BACKGROUND
It is the responsibility of JMAA to periodically trim or take down trees that may pose an
operational/safety hazard or have the potential to fall and cause damage to adjoining properties.
Staff identified a possible safety hazard posed by trees adjacent to the Atlantic Aviation building,
the Fixed Based Operator (FBO) at the Jackson-Medgar Wiley Evers International Airport
Non-Professional Services
Total
$7,000.00
$7,000.00
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
SERVICE:
ACTION REQUESTED
Staff is requesting authority to renew certain hardware, software license and support agreements
for software packages and services currently registered to the Jackson Municipal Airport Authority
(JMAA) that will begin and/or expire in Fiscal Year 2016.
SYNOPSIS
As a matter of standard practice, software licenses and support agreements are executed when
software packages are procured and/or renewed. JMAA utilizes 25 services that require execution
of annual renewal agreements for updates and support. Therefore, Staff is seeking authorization
from the Board of Commissioners to execute these agreements when the current agreements expire
and/or expired agreements are renewed during Fiscal Year 2016. The purpose and cost for each
software package/service identified below.
BACKGROUND
Hardware /
Software
B2G Now
BelManage
Purpose
Contract End
Date
Disadvantage
Business Enterprise
Software Package
IT Computer
Network Inventory
2016 Cost
(Not To
Exceed)
Fiscal Year
2015 Actual
$34,389.43
$33,226.50
$860.57
$835.50
Purpose
Cross Match
Technologies
Fingerprint hardware
and software for
collecting and
storing digital
fingerprints.
DataMiner
Contract End
Date
2016 Cost
(Not To
Exceed)
Fiscal Year
2015 Actual
$2,391.25
$2,321.60
O&D Markets,
Schedules &
Capacity
$3,990.00
$2,895.00
Enhanced Courier
Software
Airport Operation
Center and Radio
recording software
$4,300.00
$4,080.00
EZ Time Import, EZ
GL Import, EZ
Wages
$1,091.80
$1,060.00
FlightView
Flight Information
Feed for Terminal
and Web
$16,006.00
$15,540.00
GCR Airport
Business Manager
Accounts Receivable
and Lease
Management
Airport Project
Management
Software
GCR ASOCS
Records
Management for
Public Safety,
Operations, and
Security
Expired
Expired
Expired
GCR NetFIDS
Flight Information
Software for
Terminal
$26,780.00
$26,000.00
Google / Postini
Month to Month
$3,090.00
$3,000.00
Purpose
Harris Corporation
Radio System
Hardware and
Software
Infor MP2
Maintenance Work
Order and Inventory
Time, Attendance,
and Time Clocks
Interactive Training
Module (IET)
Microsoft Dynamics
SL
Contract End
Date
2016 Cost
(Not To
Exceed)
Fiscal Year
2015 Actual
September 30,
2015
$79,138.30
$79,452.00
$2,433.23
$2,362.36
$3,028.20
$2,398.00
$11,330.00
$11,000.00
Financial Package
$10,489.50
$7,278.79
Microsoft Volume
Licensing
Client Access,
Computer, and
Server Licenses
November 30,
2015
$23,394.73
$22,713.33
OpenDNS
Web Content
Filtering
November 08,
2015
$2,750.00
$2,500.00
PCTopKat Gasboy
Fuel Management
Software
$158.00
$153.00
SAGE ABRA
Human Resources
Personnel
Management
$9,193.34
$8,925.57
Fixed Assets
Inventory Software
$3,161.07
$3,069.00
Symantec Backup
Exec
Computer Network
Backup Software
$2,108.41
$2,047.00
TCSWare
Police vehicle
cameras, software,
and robotic digital
evidence viewer
$6,000.00
n/a
***(purchased
last year)
VMWare Virtual
Software
IT Virtual Server
Environment
Expired
$9,153.00
$7,640.00
Purpose
TOTAL
Contract End
Date
2016 Cost
(Not To
Exceed)
Fiscal Year
2015 Actual
$289,226.83
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
September 8, 2015
PROJECT TITLE:
CONTRACT NO.:
TBD
ACTION REQUESTED
Staff is requesting authority to execute a service agreement with Medscreens, Inc., (Medscreens) of
Pearl, Mississippi, a Mississippi corporation, to provide random and reasonable suspicion drug and
alcohol screenings for employees of the Jackson Municipal Airport Authority (JMAA) (Services),
for an annual amount not to exceed $4,000.00.
The fees for individual tests will be $30.00 per drug screen and $25.00 per breath alcohol screen. The
proposed agreement is for the period of one (1) calendar year commencing October 1, 2015 and ending
September 30, 2016, with JMAA having the option to renew for two (2) additional years at the same
rates.
The agreement will address random and reasonable suspicion employee testing to comply with
JMAA policy, and federal regulatory standards. Pre-employment screening is conducted during the
course of initial physical assessments and is not addressed in this agreement.
SYNOPSIS
JMAA solicited written quotes from seven (7) businesses, including one Certified DBE, and one
Minority Owned Business, and received a total of five (5) responses. In order to compare the annual
cost for services offered, the rates for administrative services and individual tests were applied to a
sixty (60) test annual minimum. The quotes and costs for services submitted are shown in the below
chart.
Medscreens, Inc.
First Intermed dba MEA Drug Testing
Fastest Labs of Metro Jackson
W & P, LLC dba Lab Test Depot
Medical Care Alliance, LLC
Annual
Administrative
Fee
Waived
$250.00
$495.00
$3,850.00
$12,000.00
Fee Per
Drug
Screen
$30.00
$35.00
$50.00
$55.00
$10.00
Fee Per
Alcohol
Screen
$25.00
$20.00
$45.00
$45.00
$5.00
Annual
Total
$3,300.00
$4,305.00
$6,195.00
$9,250.00
$12,900.00
BACKGROUND
It is the policy of JMAA to provide a drug free workplace. Further, pursuant to the Omnibus
Transportation Employee Testing Act of 1991 and the Drug Free Workplace Act of 1988, JMAA is
required to have such a policy and to conduct random testing. JMAA has utilized the same vendor for
drug and alcohol testing since 2001. Therefore, Staff decided that it was prudent to solicit bids from
other vendors, in an effort to give other vendors in the community the opportunity to do business with
JMAA.
PROJECT DESCRIPTION
The drug and/or alcohol testing services will include:
1. Specimen collection materials;
2. Chain of custody forms;
3. Medical review officer consultations with employees, as necessary;
4. Prompt notification of test results to JMAAs designated contact person: and
5. Annual training for Managers/Supervisors.
SOURCE OF FUNDS
Budget Item
Administrative
Legal
Services *
Total
*(Calculated at a minimum of 60 Tests per Year with additional funds for secondary breath alcohol
confirmation as needed and Reasonable Suspicion testing as required.)
October 2015
Execute Agreement.
Authorized Staff to Execute Agreement with First Intermed dba MEA Drug
Testing Consortium for six (6) months.
January 2013
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
011-13
CONTRACT NO:
TBD
ACTION REQUESTED
Staff is requesting authority to execute an amendment to the professional services agreement with
Dale Partners Architects P.A. (Dale Partners) of Jackson, Mississippi, to provide additional
design services in support of upgrading the existing roadway signs that direct traffic in and around
the terminal building and grounds of the Jackson- Medgar Wiley Evers International Airport
(JAN). Proposed fees and expenses to Dale Partners for the additional services are not to exceed
$20,439.00, for a new contract amount of $88,131.50.
Staff is also requesting authority to revise the current project budget to include the additional work,
for a new total project budget to be paid with JMAA funds of $515,631.50.
In accordance with JMAAs recommendation, Dale Partners will retain sub-consultant, Labozan
Associates (Labozan), of Boulder, Colorado to assist with alternate designs and construction
documents for the project.
Sub-consultant Scott C. Woods and Associates, P.A. (SCWA) of Madison, Mississippi, will
continue to provide mechanical/electrical designs and energy analysis, and Sub-consultant
Valancourt International, LLC of Atlanta, Georgia will continue to assist with technical sign
standards and construction fabrication.
JMAA Funds
Advertisement
Construction (Current Estimate)
Contingency
Professional Services
Amendment 1
Legal
Salaries
Total
$ 2,000.00
$375,000.00
$45,000.00
$67,692.50
$20,439.00
$2,500.00
$3,000.00
$515,631.50
Total
$ 2,000.00
$375,000.00
$45,000.00
$67,692.50
$20,439.00
$2,500.00
$3,000.00
$515,631.50
PROJECT SCHEDULE
November 2015
October 2015
January 2016
May 2016
Commence Construction
Board of Commissioners
LaWanda D. Harris, Chair
Vernon W. Hartley, Sr., Vice Chair
Pastor James L. Henley, Jr., Commissioner
Dr. Rosie L. T. Pridgen, Commissioner
Evelyn O. Reed, Commissioner
FROM:
DATE:
PROJECT TITLE:
ACTION REQUESTED
Staff is requesting authority to: (i) accept the Fiscal Year 2016 insurance renewal
proposal by Porters Insurance Agency, Inc. & Hub International Midwest Limited d/b/a
Hub International Gulf South (PIA); (ii) bind and purchase the new policies as detailed
in the table below; and (iii) accept any lower quotes should they be submitted in time for
PIAs evaluation and recommendation before the new policies are bound.
SYNOPSIS
PIA evaluated the risks and negotiated premiums for JMAAs insurance coverage for
Fiscal Year 2016. Proposed coverages, carriers and premiums are detailed in the table
below.
COVERAGE
Commercial Property Policy
and Engineering Fee
Airport Liability
Inland Marine (Mobile
Command Post & Fire Truck)
Commercial Auto
Workers Compensation
International Liability
Package
Directors & Officers,
Employment Practice and
Fiduciary Liability
CARRIER
EXPIRING
PREMIUMS
FY16
PREMIUMS
Affiliated FM Global
$171,328.00
$163,137.00
41,000.00
41,000.00
Travelers
14,794.00
14,794.00
Travelers
LUBA Casualty Ins. Co.
62,124.00
87,404.00
68,918.00
91,593.00
2,500.00
2,500.00
59,333.92
56,199.00
Travelers
Indian Harbor Ins. Co.
6,332.00
11,498.27
6,332.00
15,710.00
CNA
8,017.00
8,017.00
ACE
51,150.75
51,150.75
$515,481.94
$519,350.75
All companies proposed are rated A-VII or higher by A.M. Best, the leading insurance
company rating service. An A.M. Best financial strength rating of A-VII means the
company is rated excellent for financial strength with policyholder surplus of $50
million to $100 million.
PIA searched the market for insurance policy rates, on JMAAs behalf, for the FY15
coverage policies and solicited quotes from a total of approximately ninety-two (92)
carriers. It is PIAs expert opinion that searching the market for policy rates should not be
done every year, but instead every few years. Therefore, PIA negotiated renewal
premiums with our current providers for FY16. Those premiums are as follows:
1. Commercial Property Coverage: additional 5% rate reduction and enhanced
coverage form;
2. Airport Liability Coverage: Premium unchanged;
3. Inland Marine Coverage: Premium unchanged;
4. Commercial Automobile Coverage: Modest premium increase considering our
150% loss ratio;
5. Workers Compensation/Employers Liability Coverage: Premium increased due
to 3% increase in our experience modification and increase in payroll. In order to
mitigate some of the increase, PIA negotiated an additional 13% credit;
6. International Liability Package: Premium unchanged;
7. Directors & Officers, Employment Practice and Fiduciary Liability coverage:
PIA negotiated a 5% premium reduction while maintaining enhanced coverage;
8. Crime/Kidnap & Ransom Coverage: Premium unchanged;
9. Law Enforcement Liability Coverage: Premium increased due to the addition of 8
police officers;
September 2014
Prepared by
Commercial Property
We approached 23 carriers this year and received quotes from two carriers. The incumbent
carrier made the following changes to their coverage this year as well as reduced her initial
pricing after negotiations by $10,280:
Total values increased from $147,000,000 to $151,000,000
Flood limit for all locations, excluding Hawkins Filed increased by Affiliated to $50,000,000
Included Contractors Equipment in Business Personal Property limits for Throughout Yard
at JAN as equipment remains on premises at all times
Increased Professional Fees from $100,000 to $250,000
Increased Electronic Data Processing, Data & Media from $500,000 to $1,000,000
Increased Ordinance or Law (Demolition, Compliance & Business Interruption) from
$1,000,000 to $2,000,000
Increased Deductible for Flood Zone A at Hawkins Field from $100,000 to $500,000
The second quote provided by Alliant/PEPIP is a program quote by which members share in a
$100 Million per occurrence limit for losses. Terms vary from the incumbent quote as are laid out
in the proposal. Their quote includes Inland Marine coverage for the two vehicles currently
insured separately.
Airport Liability Package
We approached 14 carriers this year and received quotes from four carriers. The incumbent
carrier quoted as per expiring, and rates remained flat.
The second quote provided by Ace USA was not priced competitively, and the third was
competitive but missing required coverage.
The fourth quote provided by QBE Insurance Corporation is very similar to the AIG form & very
competitive in pricing. It lacks in some general Media Liability areas typically covered under a
General Liability policy & we have included Media Liability under the Cyber Liability quote
provided to make up for some of this.
Inland Marine
We approached eight carriers this year and received quotes from two carriers. The incumbent
carrier quoted as per expiring and offered the option of flood coverage for an additional
premium.
The second quote was included as part of the Alliant/PEPIP program as mentioned above.
Workers Compensation
We approached 11 carriers this year and received quotes from three carriers. The incumbent
carrier initially quoted $4,846 higher without Foreign Voluntary Compensation coverage. We
were able to negotiate the pricing down & had them add the Foreign Voluntary Compensation
coverage back as per expiring.
This summary is intended for reference only. For specific terms, conditions, limitations, and exclusions, please refer to actual coverage
documents.
Hub International Gulf South
The second quote was not competitive, and the third quote came in with the best pricing. Luba
is the third option and recommended based on pricing & service. They cannot provide a
Foreign Voluntary Compensation endorsement so the International Liability Package offered
must be purchased to cover that exposure. The Package is much broader than simply providing
the workers compensation piece. Please review the proposal for more detail.
Directors & Officers Liability, Employment Practices Liability & Fiduciary Liability
We approached 12 carriers this year and received quotes from four carriers. The incumbent
carrier quoted based upon the renewal application & came in at about an 8% increase in
pricing this year. They were not willing to negotiate their pricing down further as they need rate
across their entire book for these lines of business.
Compared to our other option, coverage disadvantages are:
$100,000 Directors & Officers Liability Retention
All Defense Inside the limits
Coverage advantages include:
Limits available for Workplace Violence expenses
No policy wording regarding refusal to consent to a settlement
Two carriers provided competitive D&O/EPL options but could not provide the Fiduciary Liability.
The reasoning behind this is most carriers rate Fiduciary Liability based upon ERISA Benefit Plan
Assets. As you are not responsible for the benefit plan provided to your employees, there is
nothing available to use for rating purposes. Most Fiduciary Liability policies cater to the
retirement benefit plans, but they do extend to other benefit plans you may offer such as health
insurance. Your exposure is most likely in the area of errors and omissions with regard to these
plans. you do have $1 Million under your Airport Liability policy that can go toward Employee
Benefits Liability Claims pertaining to such matters. The Fiduciary Liability would sit on top of that
and may be a bit broader in scope.
The fourth option provided by Western World is competitive in pricing and in terms.
Coverage advantages Include:
An additional $2.5 Million in defense above the limits
Directors & Officers Retention of $50,000
Choice of counsel
Coverage disadvantages include:
No Workplace violence expenses
50/50 Hammer Clause regarding refusal to consent to proposed settlement
We provided a copy of the policy form to be reviewed by you/your legal counsel for any
additional areas of concern. The form is a true public entity form and caters to that industry
whereas the Chubb form caters to the Non-profit entity industries.
Crime/Kidnap & Ransom
We approached 12 carriers this year and received quotes from two carriers. The incumbent
carrier includes these coverages as part of their Executive Liability Package listed above.
This summary is intended for reference only. For specific terms, conditions, limitations, and exclusions, please refer to actual coverage
documents.
Hub International Gulf South
The second option is provided by Travelers at a competitive price. This option would be selected
should you choose the Western World Executive Liability quote option.
Commercial Auto
We approached seven carriers and one broker this year and received a quote from one carrier.
The incumbent carrier initially increased the deductibles and pricing, and we were able to
negotiate the heavy vehicle deductibles down to $1,000 as well as reduced pricing by $2,366.
We also added coverage this year for towing & rental reimbursement.
Law Enforcement Liability
Upon discovery of the law enforcement team & the shooting range, we approached the
General Liability carrier for confirmation of coverage. The carrier indicated no coverage
would be available for the shooting range operations & very limited coverage may be
available for the law enforcement team. To ensure all operations are covered, we
approached two brokers & one carrier this year and received two quotes for Law
Enforcement Liability. This coverage protects the company/law enforcement employees in
the event of a loss. Specifically, this policy removes the intentional acts exclusion in the
General Liability policy and broadens the scenarios in which coverage may apply.
We received quotes with the form option of claims made or occurrence. Occurrence form is
much broader in its ability to cover claims & provides a bucket of limits each year for losses,
whereas a claims made form only has the bucket of limit available at the time the claim is
made. There are also reporting deadlines with a claims made policy that could prevent you
from receiving payment at the time of a loss.
The most competitively priced quote received came from Indian Harbor Insurance Company.
Privacy/Network Security Liability
This coverage responds in the event of a privacy or network security breach. Property
included for privacy can be in paper or electronic format and applies to your employees,
customers & third party clients. The policy responds to your liability for any privacy breach
and includes coverage for privacy notification & regulatory fines as well as defense. There
are also included within the coverage expenses you may incur as a result of a network
security breach, including forensic analysis expense & credit monitoring costs. Defense
expense is included as well, and first party expenses such as business interruption and data
replacement costs may be quoted upon request.
Three carriers were approached and three quotes were received. CNA & Travelers are very
comparable in pricing and terms. Alliant/Pepip could include Cyber Liability limits as part of
their program, but they had an exclusion for rogue employee/intentional acts which we feel is
a crucial area to cover under this policy.
This summary is intended for reference only. For specific terms, conditions, limitations, and exclusions, please refer to actual coverage
documents.
Hub International Gulf South
Commercial Property
Negotiated additional 5% rate reduction and enhanced coverage form.
Workers Compensation
Experience mod increased by 3%
Payroll increased by $794,796
Negotiated an additional 13% credit (8% expiring to 21% renewal)
Commercial Auto
Modest rate increase considering 150% loss ratio
Directors & Officers Liability, Employment Practices Liability & Fiduciary Liability
Negotiated additional 5% rate reduction while maintaining enhanced coverage
Rounded the applicable retentions to $25,000 and increased the non monetary defense cost
limit to $500,000.
Law Enforcement Liability
Number of officers increased by 8
Pollution Legal Liability
Added new 3 year prepaid pollution
Yet again overall reduced costs, while reducing the Authoritys overall Total Cost of Risk
This summary is intended for reference only. For specific terms, conditions, limitations, and exclusions, please refer to actual coverage
documents.
Hub International Gulf South
Expiring Renewal
$171,328.00 $163,137.00
$41,000 .00 $41,000 .00
$14,794.00
$14,794.00
$62,124.00
$68,918.00
$87,404.00
$91,593.00
$2,500.00
$2,500.00
$59,333.92
$56,199.00
$6,332 .00
$6,332 .00
$11,498.27
$15,710.00
$8,017 .00
$8,017 .00
$51,150.75
$51,150.75
$515,481.94 $519,350.75
Carriers:
Affiliated FM for Property
Travelers for Inland Marine
QBE for Airport Liability
Travelers for Automobile, Crime & Kidnap & Ransom
Western World for D&O, EPL & Fiduciary Liability
CNA for International Liability & Privacy/Network Security
Liability
Luba for Workers Compensation
Indian Harbor for Law Enforcement Liability
ACE for Pollution Legal Liability
This summary is intended for reference only. For specific terms, conditions, limitations, and exclusions, please refer to actual coverage
documents.
Hub International Gulf South