Title
RESOLUTION APPROVING THE FISCAL YEAR JANUARY 1, 2016 TO DECEMBER 31, 2016, OPERATION BUDGET OF THE DULUTH AIRPORT AUTHORITY.
Body
CITY PROPOSAL:
RESOLVED, that the operations budget for the fiscal year January 1, 2016 to December 31, 2016, in the amount of $25,618,660 for the Duluth Airport Authority is hereby approved.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution adopts the 2016 operating budget for the Duluth Airport Authority, a detailed budget is attached as Exhibit A.
The 2016 operating budget represents a decrease of $46,801 under the 2015 budget. The 2016 capital improvement costs will increase $17,116,840 over the 2015 budget.