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City of Shreveport
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DATE
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AN ORDINANCE ADOPTING THE 2010 AIRPORTS ENTERPRISE FUND, APPROPRIATING THE FUNDS AUTHORIZED THERIN, AND OTHERWISE PROVIDING WITH RESPECT THERETO
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Oct. 1, 2009
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EXECUTIVE OFFICE
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MAYOR CEDRIC B. GLOVER
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To adopt the 2010 Airports Fund budget, in accordance with State law and City Charter.
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This Ordinance or Resolution will have direct impact on Council District:
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All
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This fund shows a decrease of 11% from 2009 budget, mostly due to the decrease in operating reserves. Even though this fund reflects a total Operating Reserves of $3.3 million, most of that reserve is designated reserve for specified projects or lease agreements. The undesignated portion of Operating Reserves is only $428,800.
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TIMETABLE
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October 13, 2009
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By December 15, 2009
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SPECIAL PROCEDURAL REQUIREMENTS
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A public hearing must be held on this budget for adoption by Council.
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Approval of this ordinance is recommended.
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Rick Seaton, Assistant CAO
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ORDINANCE NO. ____ OF 2009
AN ORDINANCE ADOPTING THE 2010 BUDGET FOR THE AIRPORTS ENTERPRISE FUND, APPROPRIATING THE FUNDS AUTHORIZED THEREIN, AND OTHERWISE PROVIDING WITH RESPECT THERETO
BY:
WHEREAS, Article 7 of the Charter of the City of Shreveport requires the adoption of a comprehensive operating budget for the fiscal year beginning January 1, 2010; and
WHEREAS, sufficient revenues for the operation of the City’s airports are available from sources authorized by law.
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Shreveport, in legal session convened, that:
1. Estimated Receipts - The estimated Airport receipts for the year 2010 are hereby established and adopted as follows:
Estimated Available Fund Balance 1/1/2010 $ 4,617,400
External Service Charges and Fees 14,948,500
Interest Income 250,000
Other Income 737,600
2. Appropriations - The funds set forth in the following classes of expenditures are hereby appropriated out of the Airports operating receipts for the year 2010:
Personal Services $ 5,367,800
Materials and Supplies 342,200
Contractual Services 1,669,200
Other Charges 4,367,400
Operating Reserves 3,307,200
Improvements and Equipment 53,300
Transfer to General Fund 230,000
Transfer to Information Technology Fund 62,000
Transfer to Retained Risk Fund 229,000
Transfer to Capital Projects Fund 308,000
3. The Airports Enterprise Fund budget presented to the City Council by the Mayor on October 1, 2009, as amended by subsequent action by this Council, be and the same is hereby adopted.
4. Capital Transfers - All amounts authorized by the Capital Improvements Budget ordinance to be financed from Airports receipts shall be transferred to the proper capital funds as provided by the Capital Improvements Budget ordinance.
5. Administration - The Mayor is hereby authorized to execute all contracts, deeds, grant documents and other legal instruments necessary to expend or receive funds herein authorized.
6. Donation of City Funds - No funds herein appropriated shall be donated, loaned or pledged, and no expenditures for such purposes shall be authorized except in accordance with Section 26-53 of the Code of Ordinances, as it exists now or may hereafter be amended.
BE IT FURTHER ORDAINED that if any provision or item of this ordinance or the application thereof is held invalid, such invalidity shall not affect other provisions, items or applications of this ordinance which can be given effect without the invalid provisions, items or applications; and to this end, the provisions of this ordinance are hereby declared severable.
BE IT FURTHER ORDAINED that all ordinances or parts thereof in conflict herewith are hereby repealed.
BE IT FURTHER ORDAINED that this ordinance will be effective on January 1, 2010.
APPROVED AS TO LEGAL FORM:
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City Attorney’s Office
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