HomeMy WebLinkAboutResolution 3247-08-2005A Resolution
NO ~a~/7-o~-ao~
APPROVING THE FY 2005-2006 BUDGET FOR DALLAS/FORT WORTH
INTERNATIONAL AIRPORT
WHEREAS, the Dallas/Fort Worth International Airport Board has recommended
that the City of Fort Worth approve the budget of the Dallas/Fort Worth International
Airport for this fiscal year commencing October 1 2005, and has appropriated the
momes in the amounts and for the purposes set forth in the budget; and
WHEREAS, the requirements are considered to be sufficient to maintain and
operate the Airport and meet the debt service requirement on all outstanding bonds, and
WHEREAS, it is anticipated that no City tax revenues nor any other City momes
will be required for these purposes m the coming years,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS THAT
SECTION 1
The Operating Budget for the Dallas/Fort Worth International Airport for the fiscal
year beginning October 1, 2005 and ending September 30, 2006 is hereby approved, and
SECTION 2
This resolution take effect Immediately upon its passage
Ot3-24-05 P04 ~4 I N
'~~ -DFW
C
DALLAS/FORT WORTH INTERNATIONAL AIRPORT
3200 EAST AIRFIELD DRIVE, PO BOX 619428
DFW AIRPORT, TEXAS 75261 9428
www.dfwairport.com
T 972 574 8888 F 972 574 0000
July 15 2005
STATE OF TEXAS §
COUNTY OF DALLAS §
COUNTY OF TARRANT §
. I Mari Teneyuque Board Secretary of the Dallas-Fort Worth International
Airport Board do hereby certify that the attached is a true and correct copy of
Resolution No 2005-06-259 approved by the Dallas-Fort Worth International
Airport Board of Directors at a special Board Meeting held on June 23 2005
WITNESS MY HAND AND SEAL OF THE DALLAS-FORT WORTH
INTERNATIONAL AIRPORT BOARD this the 15th day of July 2005
~~ ~^'~'
Mari T ney~!que
Board cretary
•
•
•
•
DALLAS FORT WORTH INTERNATIONAL AIRPORT BOARD
OFFICIAL BOARD ACTION/RESOLUTION
Date• Subject: Approval of Fiscal Year Operating Revenue and Resolution No.:
07-01 2004 Ex erase Fund 2006 Budget 2005-06-259
Recommended Action: That the Air ort Board a rove the FY 2006 102 Fund Bud et
Description:
• Approve the Fiscal Year 2006 Operating Revenue and Expense Fund (102 Fund) Budget, which will
commence on October 1 2004
Justification:
• Section 8J of the Contract and Agreement between the Cities of Dallas and Fort Worth requires the
Airport Board to approve the annual expenditures of the Airport (as included in the Operating Revenue
and Expense Fund) and forward the approved budget to the Owner Cities by July 15 of each year for
their approval by September 1
Additional Information:
• The FY 2006 Budget is $635.2 million, a $153 4 million (31.8%) increase over the FY 2005 Revised
Budget of $481 8 million
The opening Terminal D and Skylink accounts for $134.5 million (87.8%} of the budget increase
• The budget is categorized into the following categories for reporting purposes.
Total 102 Fund Budget
In Millions
FY 2005
Revised FY 2006
Budget Budget Inc (Dec)
Operating Expenditures $ 254 7 $ 323 4 $ 68.8
Net Debt Service 213 7 294.6 80 9
Change in Ops Reserve 13 4 17.2 3.8
Total Budget $ 481.8 $ 635.2 $ 153.4
• The Board received a budget book explaining variances from the FY 2005 Budget and the components
of the FY 2006 Budget; and the Board was briefed in detail regarding this budget at a special Board
review session on June 23, 2005
SchedulelTerm•
• October 1 2005 through September 30 2006
Committee: Contract No(s): Action Amount:
Finance/Audit
Purchase Order No(s):
Revised Amount:
For information contact: Agreement No(s):
Christopher Poinsatte
(972} 574-6334
~~~