HomeMy WebLinkAboutResolution 1351'l
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A Resolution
IiESOLUTIQN NO,
APPROVING THE PROPOSED 1988-89 OPERATING BUDGET
OF THE D/FW INTERNATIONAL AIRPORT BOARD
WHEREAS, the Dallas/Fort Worth International Airport Board has
recommended that the City of Fort Worth approve the
budget for this fiscal year commencing October 1, 1988;
and appropriate the monies 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 will be
required for these purposes in the coming years,
NOW, THEREFORE, BE IT RESOLVED that the operating budget of the
Dallas/fort Worth International Airport Board for the
fiscal year beginning October 1, 1988, and ending
September 30, 1989, is hereby approved.
BE IT FURTHER RESOLVED that this resolution shall take effect
immediately.
Passed this ~ day of ~ :
APPROVED BY
CITY COUNCIL
AUG 30 1988
Cftp Secretary of the
Citp of Fort W~, ~Toxm
C1TY OP FORT NIORT9
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7-s-88
RESOLUTION NO. 88-172
• WHEREAS, the Finance/Audit Committee has recommended that the Dallas-Fort Worth
International Airport Board approve the Annual Budget for the Fiscat Year commencing
October 1, 1988, and appropriate the monies in the amounts and for the purposes set
forth below:
Estimated Commitments and Expenditures
Operating Expenses $ 80,061,845
Contingency Appropriation 1,261,275
Debt Service -Joint Revenue Bonds 104,414,488
Debt Service -Special Facility Bonds 32,760,504
Administrative Expenses -Special Facility Bonds 74,700
Capital Expenditures 84,045,620
$302,618,432
WHEREAS, the above requirements are considered sufficient to improve, maintain, and
operate the Airport and meet the debt service requirements on all outstanding bonds; and
WHEREAS, the Finance/Audit Committee has recommended that the Executive Director
f ~~ be authorized to execute and renew the 65 annual contracts immediately upon its
~~' passage.
WHEREAS, it is anticipated that no City tax revenues will be required to operate and
maintain the Airport during Fiscal Year 1989. NOW, THEREFORE,
BE IT RESOLVED BY THE DALLAS-FORT WORTH INTERNATIONAL AIRPORT
BOARD:
SECTION 1. That the Annual Budget for Fiscal Year 1989 is hereby approved.
SECTION 2. That the above sums of money are hereby appropriated for the purposes set
out in the preamble to this Resolution.
SECTION 3. That the Executive Director is hereby authorized to execute and renew the
annual contracts effective on the dates, for the amounts, and from the funds shown on
the attached exhibit.
SECTION 4. That the Executive Director is hereby authorized to notify the Cities of
Dallas and Fort Worth that it is anticipated that no City tax revenues will be required to
operate and maintain the Airport during Fiscal Year 1989.
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SECTION 5. That this Resolution shall take effect immediately upon its passage.
epartment Director Executive Director Director of Finance
APPROVED AS TO FORM:
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Legal Cou -el to the Board
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