01-0853R

RESOLUTION APPROVING THE FISCAL YEAR JANUARY 1, 2002, TO DECEMBER 31, 2002, OPERATION BUDGET OF THE DULUTH TRANSIT AUTHORITY.

BY COUNCILOR HOGG:

        RESOLVED, that the operation budget for the fiscal year January 1, 2002, to December 31, 2002, in the amount of $9,501,993 for the Duluth transit authority is hereby approved.

        FURTHER RESOLVED, that the authority included in the resolution shall submit to the city council its proposed budget in a prescribed format on or before November 1 of each year.



STATEMENT OF PURPOSE: This resolution adopts the 2002 operating budget for the Duluth transit authority (DTA). The finance committee reviewed the Duluth transit authority budget at its November 15, 2001, meeting. The 2002 budget represents an increase of $490,316 or 5.4% over the 2001 budget.