Title
RESOLUTION APPROVING THE FISCAL YEAR JANUARY 1, 2017 TO DECEMBER 31, 2017, OPERATION BUDGET OF THE DULUTH AIRPORT AUTHORITY.
Body
CITY PROPOSAL:
RESOLVED, that the operations budget for the fiscal year January 1, 2017 to December 31, 2017, in the amount of $13,849,780 for the Duluth Airport Authority is hereby approved.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution adopts the 2017 operating budget for the Duluth Airport Authority, a detailed budget is attached as Exhibit A.
The 2017 operating budget represents an increase of $819,453, or 6% over the 2016 budget. $771,869 of the increase is due to the increase in depreciation and amortization.