HomeMy WebLinkAbout2012 01_OPGA_Adopt Annual Operating Budget_2012.06.19OCit y Wut Limits.
TO: The Honorable Chairman and Trustees
Owasso Public Golf Authority
FROM: Rodney Ray
Authority Manager
SUBJECT: Resolution No. 2012-01
FY 2012-2013 Annual Operating Budget
DATE: June 15, 2012
A PROWL BYTRUKM
JUN 19 2012
BACKGROUND:
Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund,
OPWA Fund, OPGA Fund and other funds has been developed and was transmitted for City
Council review on Tuesday, May 1, 2012. The proposed budget was discussed during the May
and June Council work sessions. Printed copies of the proposed budget have been available
for public viewing at City Hall and the Owasso Library. In addition, the proposed budget was
posted on the City's website and has been accessed approximately 240 times.
On May 24, 2012, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 5, 2012. The public hearing provided an opportunity for
citizen comment and questions relating to the proposed budget and the City Council heard
from 9 residents.
State statutes require adoption of an annual budget through a resolution no later than seven
days prior to the beginning of the new budget year (Title 11, Section 17-209A). Resolution No.
2012-01 provides the adoption of a fiscal year budget for the Owasso Public Golf Authority.
RECOMMENDATION:
Staff recommends City Council approval of Resolution No. 2012-01 adopting a Fiscal Year 2012-
2013 budget for the OPGA Fund.
ATTACHMENT:
Resolution No. 2012-01
CITY OF OWASSO, OKLAHOMA
OPGA RESOLUTION NO. 2012-01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR
FISCAL YEAR 2012-2013 FOR THE OWASSO PUBLIC GOLF AUTHORITY
WHEREAS: The Owasso Public Golf Authority was created as a Title 60 Public Trust;
and
WHEREAS: The Authority Manager has prepared a budget for the fiscal year ending
June 30, 2013 (FY 2012-2013); and
WHEREAS: The budget has been formally presented to the Trustees at least
30 days prior to the start of the fiscal year; and
WHEREAS: Certain budget filing requirements are mandated by State
Statutes.
NOW THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO
PUBLIC GOLF AUTHORITY:
THAT: Total resources available in the amount of $910,700 and the total
Department appropriations in the amount of $910,700 are hereby
Established as follows:
Golf Shop $105,800
Golf Cart Operations $52,000
Golf Course Maintenance $450,250
Food & Beverage $114,635
General & Administration $188,015
THAT: The effective date of this Resolution shall be July 1, 2012.
APPROVED AND ADOPTED this 19"' day of June, 2012 by the Trustees of the Owasso
Public Golf Authority.
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ATTEST:
Sherry Bi op, Authority cretary
APPROVED AS TO FORM:
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lie Lombardi, Authority Attorney