HomeMy WebLinkAboutResolution 940 "TT r „T,.
RESOLUTIOPT
, ,So Lc
WHEREAS, the ift has recommended th th approve the Budget
for the fiscal year commencing October 1, 1983 and appropriate the monies In the
amounts and for the purposes set forth below:
Estimated Commitments and Expenditures:
.operating Expenses $44,905,700
Contingency $996001000
Debt Service-Joint Revenue Bonds 751,2419795
Debt Service -Special Facility Bonds 129g4519235
Administrative Expenses- Special
Facility Bonds $449700
Capital Expenditures $105,851,S40
Cities Land Reimbursement $2,500,ODD
Major Maintenance $50,WM
Transfer to P.S.S.F.fund $2,3879460
Transfer to Delta Interest & Sinking
Fund SI1L3W90D0
$271,332,430
WHEREAS," the above requirements are considered to be sufficient to maintain and
operate the Airport and meet the debt service requirement an all outstanding bonds; and
-- WHEREAS, it is anticipated that no City tax revenues will be required for these purposes
in the coming year; NOW, TZA
REF
BE IT RESOLVED BY THE t OR TH Al or
SECTION (. That the operatinngq budget prepared by the Executive Director of the d
for the fiscal year beginning Obtober I, 1983 and ending September 30, 1984, Is reby
approved.
SECTION 2. That the sums of money set out above are hereby appropriated for the
purpose of eoch'of the funds as shown in the preamble to this Resolution.
SECTION 3. The Executive Director of the Board Is hereby authorized to maintain a
'Trust and a Clearing Fund for the distribution of prepaid rentals and deposits to the
various other funds of the Airport Board.
SECTION 4. The Executive Director of the Board is hereby authorized to maintain and
adjust as on operating expense at the close of each fiscal year commencing an September
30, 1974, the out-of-pocket fringe benefit costs to equal a percentage of base payroll as
may be determined from time to time. The purpose of the accrual and adjustment is to
waintaln these costs wo constant percentage of base payroll.
SECTION 5. The Executive Director of the Board is hereby authorized to implement a
merit funding level and service incentive/longevity plans as approved by the Board's
Finance Committee from available budget funds.'
SECTION 6. That this Resolution shall take effect immediately upon its passage.