HomeMy WebLinkAbout2012 03_OPWA_Annual Operating Budget_2012.06.19CITY OF OWASSO, OKLAHOMA
OPWA RESOLUTION NO. 2012-03
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR
FISCAL YEAR 2012-2013 FOR THE OWASSO PUBLIC WORKS AUTHORITY
WHEREAS: The Owasso Public Works 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 WORKS AUTHORITY:
THAT: Total resources available in the amount of $31,345,541 and total
departmental appropriations in the amount of $31,345,541 are
hereby established as follows:
Administration
$708,798
Utility Billing
$340,880
Water
$3,498,924
Wastewater Treatment Plant
$934,595
Wastewater Collections
$995,991
Refuse Collections
$1,092,624
Recycle Center
$305,128
Debt Service
$7,528,801
Interfund Transfers Out
$15,939,800
THAT: The effective date of this Resolution shall be July 1, 2012.
APPROVED AND ADOPTED this 19th day of June, 2012 by the Trustees of the Owasso
Public Works
Authority.
Doug Bonebrake, Chairperson
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APPROVED AS TO FORM:
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Jul' Lombardi, Authority Attorney
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TO:
FROM:
SUBJECT:
DATE:
The Honorable Chairman and Trustees
Owasso Public Works Authority
Rodney Ray
Authority Manager
Resolution No. 2012-03
FY 2012-2013 Annual Operating Budget
June 15, 2012
BACKGROUND:
APPROVED BY TRUSTEES
JUN 19 2012
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.
Based on discussions since the budget was originally presented on May 1 st, this recommended
budget has been amended as follows:
• Increase the operating transfer out from the OPWA to the general fund by $100,000 for a
total of $400,000;
• Increase the sales tax transfer in to the OPWA sales tax account from the general fund by
$90,000;
• Increase the sales tax transfer out from the OPWA sales tax account to the general fund
by $60,000;
• Increase the sales tax transfer out from the OPWA sales tax account to the capital
improvements fund by $30,000.
Resolution No. 2012-03 provides for the adoption of a fiscal year budget for the Owasso Public
Works Authority.
RECOMMENDATION:
Staff recommends Trustees approval of Resolution No. 2012-03 adopting a Fiscal Year 2012-2013
budget for the OPWA Fund.
ATTACHMENT:
Resolution No. 2012-03