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CODE REVENUE SOURCE AMOUNT <br />N. C. Dept. Trans. (DOT) $12,500. <br />Aero Club 3,500. <br />Committed local funds _ 9. 000. <br />TOTAL $25,000. <br />EXPENSE <br />Audit Fees 200. <br />Administration 500. <br />Construction/Materials 24, 300. <br />TOTAL $25,000 <br />SECTION 3. Copies of this budget shall be furnished to the Finance Officer <br />of Lee County, North Carolina, to be kept on file for direction in <br />collection of revenues and expenditures of amounts appropriated. <br />BE IT ORDAINED by the Lee County Board of Commissioners in its <br />regular session assembled, approve the adoption of the following budget <br />for the Federal Grant to extend runway and for obstruction removal. <br />FAA Grant tentative allocation is in the amount of $153,450 under the <br />Fiscal Year 1988 Airport Improvement Program, per letter dated <br />February 25, 1988, signed by Samuel F. Austin, Manager of the Atlanta <br />Airports District Office, Federal Aviation Administration of the U. S. <br />Department of Transportation. <br />sou V Pau 462 --b <br />D <br />SECTION 1. The following amounts are hereby appropriate for this <br />project: <br />CODE <br />REVENUE SOURCE <br />AMOUNT <br />Federal Funds <br />State DCT <br />City and County <br />TOTAL PROJECT <br />$153,450. <br />8,525 <br />8. 525 <br />$170,500 <br />EXPENSE <br />Audit fees <br />Administration <br />Engineering <br />Construction <br />2,000. <br />2,000. <br />.3S,2o0 <br />131,500 <br />TOTAL EXPENSE <br />$ 170,500 <br />SECTION 2. Copies of this budget shall be furnished to the Finance <br />