HomeMy WebLinkAbout2014 04_Annual Budget FY 14-15_2014.06.17CITY OF OWASSO, OKLAHOMA
RESOLUTION NO. 2014 -04
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2014 -15 FOR THE GENERAL FUND AND OTHER FUNDS AS ESTABLISHED BY THE
OWASSO CITY COUNCIL; ESTABLISHING LEVELS OF EXPENDITURES BY DEPARTMENT
AND ESTABLISHING BUDGET AMENDMENT AUTHORITY AS PROVIDED BY STATUTE; AND
ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, The City of Owasso has adopted the provisions of the Oklahoma Municipal
Budget Act (the Act); and
WHEREAS, The City Manager has prepared a budget for the fiscal year ending June 30, 2015
(FY 2014 -2015) consistent with the Act: and
WHEREAS, The Act provides for the City manager, or designee, to transfer any unexpended
and unencumbered appropriation from one department to another within the same fund;
and
WHEREAS, The budget has been formally presented to the Owasso City Council at least 30
days prior to the start of the fiscal year in compliance with the Act; and
WHEREAS, The Owasso City Council published notice of a Public Hearing, and conducted
the Public Hearing on June 3, 2014, in compliance with the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA,
THAT: The City Council of the City of Owasso does hereby adopt the FY 2014 -2015
Budget with total resources available in the amount of $56,161,324 and total
fund /departmental appropriations in the amount of $56,161,324; legal
appropriation are hereby established as shown on "Attachment A" for each
fund and department; and
THAT: The encumbrances and unexpended appropriation balances for capital
projects in the Capital Improvements Fund, the Park Development Fund and
the CDBG Fund for Fiscal Year 2013 -2014 be and the some are hereby
reappropriated to the same funds, accounts and for the same purposes for
Fiscal Year 2014 -2015 unless the project or purpose is designated or declared
closed or completed; and
THAT: The Sinking Fund Schedules for June 30, 2014 and Sinking Fund Estimate of
Needs for Fiscal Year Ending June 30, 2015 are hereby approved to be Filed
with the County Excise Board; and
THAT: The effective date of this Resolution shall be July 1, 2014.
PASSED, ADOPTED AND APPROVED THIS 17th DAY OF JUNE, 2014, by the City Council of the
City of Owasso, Oklahoma.
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O CiAL O
SEAL
ATTEST
Sherry BishAp, City Clerk
APPROVED AS TO FORM:
•• I •
i
r
Jer' berly, Mayor
City Resolution No. 2014 -04
Budget Summary- Fiscal Year 2014 -2015
Appropriation by Fund & Department
General Fund
Municipal Court
$ 240,705
Managerial
762,077
Finance
643,193
Human Resources
416,681
General Government
418,500
Information Technology
799,027
Support Services
415,635
Community Development
562,752
Police Services
5,291,345
Police Communications
694,347
Animal Control
165,235
Fire Services
4,854,313
Emergency Preparedness
73,997
Engineering
695,502
Streets
929,515
Stormwater
505,562
Cemetery
17,845
Parks
604,915
Community Center
186,582
Historical Museum
29,133
Economic Development
122,018
Interfund Transfers Out
22,550,000
Ambulance Service Fund
Ambulance Operations
1,403,039
Ambulance Capital Fund
Ambulance Operations
374,500
Public Safety Capital Fund
Police Services
194,000
Fire Services
268,400
E -911 Fund
Police Communications
333,516
Cemetery Care Fund
Cemetery
1,500
Emergency Siren Fund
Emergency Preparedness
17,000
Juvenile Court Fund
Juvenile Court
8,000
Hotel Tax Fund
Economic Development
120,250
Strong Neighborhoods
149,004
Stormwater Management Fund
Stormwater
946,457
Interfund Transfers Out
248,734
Capital Improvements Fund
Capital Projects
5,078,000
Park Development Fund
Parks
150,000
CDBG Fund
Streets
122,010
City Garage Fund
Vehicle Maintenance
411,035
Self Insurance Fund
General Government
5,202,000
Sinking Fund
General Government
155,000
Total Appropriation
$ 56,161,324
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TO: The Honorable Mayor and City Council ✓�/jV %%U ��i' /�
FROM: Linda Jones
Finance Director
SUBJECT: Resolution No. 2014 -04
FY 2014 -2015 Annual Operating Budget
DATE: June 13, 2014
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 May 20, 2014. The proposed budget was discussed during the June Council
work session. 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.
On May 29, 2014, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 3, 2014. The public hearing provided opportunity for
citizen comment and questions relating to the proposed budget.
Resolution No. 2014 -04 provides for the adoption of a fiscal year budget for the City of Owasso,
Oklahoma.
RECOMMENDATION:
Staff recommends approval of Resolution No. 2014 -04 adopting a Fiscal Year 2014 -2015 budget
for the General Fund and Other Funds as established by the Owasso City Council,
ATTACHMENT:
Resolution 2014 -04