HomeMy WebLinkAboutResolution 5795-09-2023A Resolution
NO. 5795-09-2023
APPROVING THE FISCAL YEAR 2024 BUDGET FOR
DALLAS/FORT WORTH INTERNATIONAL AIRPORT
WHEREAS, the Dallas/Fort Worth International Airport ("the Airport") serves the
aviation needs of the cities of Dallas and Fort Worth and the north Texas region; and
WHEREAS, the Contract and Agreement ("Contract and Agreement") between the
cities of Dallas and Fort Worth, dated April 15, 1968, as amended, establish the Dallas/Fort
Worth International Airport Board ("the Board") as the operating Board of Directors for the
Airport; and
WHEREAS, the Contract and Agreement requires that the cities of Dallas and Fort
Worth each approve the Airport's annual budget; and
WHEREAS, the Board presented the Fiscal Year 2024 Operating Budget to the City
of Fort Worth for its approval; and
WHEREAS, as reflected in the Board action attached hereto as Exhibit A, the Board
has recommended that the City of Fort Worth approve the Airport's Operating Budget for
the fiscal year commencing October 1, 2023.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section 1. The Operating Budget for the Airport for the fiscal year beginning
October 1, 2023 and ending September 30, 2024, as presented by the Board to the Fort
Worth City Council, is hereby approved.
Section 2. That the approvals and authorization contained in this resolution are
further conditioned upon similar approvals by the City Council of the City of Dallas.
Section 3. That this resolution shall take effect immediately from and after its
passage in accordance with the provisions of the Charter of the City of Fort Worth, and is
accordingly so resolved.
Adopted this 12th day of September 2023.
ATTEST:
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Jannette S. Goodall, City Secretary
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DALLAS FORT WORTH INTERNATIONAL AIRPORT BOARD
OFFICIAL BOARD ACTION/RESOLUTION
Date
Committee
Subject
Resolution #
08/10/2023
Finance/Audit
Fiscal Year 2024 Operation Revenue and Expense Fund
2023-08-220
Budget
Action
That the Airport Board approve the Fiscal Year 2024 Operation Revenue and Expense Fund Budget.
Description
• Approve the FY 2024 Operation Revenue and Expense Fund Budget (Fund 102) in the amount of
$1,253.2 million (consisting of $672.4 million of operating expenses, $570.8 million of debt service
and coverage and $10 million of Board contingency).
• The use of Board contingency requires Board Approval.
• Total Airline Cost is budgeted at $613.3 Million.
• Fiscal Year 2024 commences on October 1, 2023 and ends on September 30, 2024.
Justification
• Section 8J of the Contract and Agreement between the Cities of Dallas and Fort Worth requires the
DFW 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 August 15 of
each year, for approval by the Owner Cities by September 30 of each year.
• Pursuant to Resolution No. 2021-08-152, the Board reviewed the draft FY 2024 Operating Revenue
and Expense Fund Budget and authorizes the CEO to submit it to the Owner Cities, and to update
the submission for the final approved budget following approval by the Board.
D/S/M/WBE Information
• Not Applicable
Contract # Agreement # Purchase Order # Action Amount Revised Amount
$0 $0
For Information contact
Fund Project # External Funding Source Amount
Abel Palacios
$0
3-5445
Resolution # 2023-08-220
Additional Information
Additional Attachments: Y
BE IT RESOLVED BY THE DALLAS FORT WORTH INTERNATIONAL AIRPORT BOARD
That the Airport Board approve the Fiscal Year 2024 Operation Revenue and Expense Fund Budget.
Approved as to Form by
Approved as to Funding by
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Rodriguez, Elaine
Palacios, Abel
Legal Counsel
Vice President Finance
Jul 26, 2023 12:00 pm
Finance
Jul 26, 2023 11:57 am
SIGNATURE REQUIRED FOR APPROVAL
Approved by
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Department Head
Finance
Jul 26, 2023 11:49 am
Approved as to M/WBE by
Lee, Tamela
Vice President Business Diversity
and Development
Business Diversity and
Development
Jul 27, 2023 11:40 am
Chief Executive Officer
Aug 10, 2023 9:47 am
Date