HomeMy WebLinkAboutResolution 6160-09-2925A Resolution
NO.
APPROVING THE FISCAL YEAR 2026 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 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 the Board to submit its budget to
the owner cities of Dallas and Fort Worth by August 15 for approval; and
WHEREAS,as reflected in the Board action attached hereto as Exhibit A, the Board
approved a budget for the fiscal year commencing October 1, 2025, and timely forwarded
the budget to the owner cities for their approval; and
WHEREAS,
budget as presented.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
Section 1.That the Operating Budget for the Airport for the fiscal year beginning
October 1, 2025 and ending September 30, 2026, 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 day of 2025.
ATTEST:
By: _________________________________
Jannette S. Goodall, City Secretary
Exhibit A
August lz, �ozs
STATE OF TEXAS §
COUNTY OF DALLAS §
COUNTY OF TARRANT §
I, James W. Baker III, Board Staff Secretary of the Dallas-Fort Worth International Airport
Board, do hereby certify that the attached is a true and correct copy of Resolution No.
�oz5-o8-z33, approved bythe Dallas-Fort Worth International Airport Board of Directors
at- its Board Meeting held on August 7, �oz5.
WITNESS MY HAND AND SEAL OF THE DALLAS-FORT WORTH INTERNATIONAL
- �fRi'���!' B07��D, this �.Zt�day � u��o�5.------- - -- -- — --
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�James W. Ba!<er III
Board Staff Secretary
Dallas Fort Worth International Airport Board
Official Board Action / Resolution
Date: August 7, 2025
Finance, Audit, and IT Resolution No.: 2025-08-233
Committee
Subject: Fiscal Year 2026 Operating Revenue and Expense Fund Budget
Department: Finance
Amount:
Revised Amount:
BE IT RESOLVED BY THE DALLAS FORT WORTH INTERNATIONAL AIRPORT BOARD
Fiscal Year 2026 Operating Revenue and Expense Fund Budget
BACKGROUND:
• Approve the FY2026 Operating Revenue and Expense Fund Budget (Fund 102) in the amount of $1.442 billion
(consisting of $756.9 million of operating expenses, $684.9 million of debt service and coverage and $10 milfion of
Board contingency).
• The use of Board contingency requires Board Approval.
• Total Airline Cost is budgeted at $756.6 million.
• Fiscal Year 2026 commences on October 1, 2025 and ends on September 30, 2026.
• 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 reviews the draft FY2026 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
ADDITIONAL INFORMATION:
Fund Project Number
Attachments: FY26 Expenditure Budget_OBA attachment
Approvals
Abel Palacios, Vice President - Finance
Tamela Burks Lee, Vice President - Business Diversity and Development
Abel Palacios, Vice President - Finance
Elaine Rodriguez, General Counsel - Legal
Christopher McLaughlin, Chief Executive Officer
Fiscal Year 2026 Operating Revenue and Expense Fund Budget
External Funding Source
Approved - 7/23/2025
Approved - 7/24/2025
Approved - 7/24/2025
Approved - 7/24/2025
Final Approval - 8/7/2025
Official Board Action - Action Resolution No.: 2025-08-233
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