HomeMy WebLinkAbout2014 04_OPWA_Annual Sperating Budget_2014.06.17OWASSO PUBLIC WORKS AUTHORITY
OWASSO, OKLAHOMA
OPWA RESOLUTION NO. 2014 -04
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2014 -15 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, 2015
(FY 2014 - 2015): 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 $35,314,466 are hereby established as follows:
Administration
$865,884
Utility Billing
$384,158
Water
$4,328,599
Wastewater Treatment
$1,114,054
Wastewater Collections
$526,739
Refuse
$1,575,826
Recycle Center
$289,509
Debt Service
$6,821,697
Interfund Transfers Out
$19,408,000
THAT: The effective date of this Resolution shall be July 1, 2014.
PASSED, ADOPTED AND APPROVED This 171h Day of June, 2014, by the Trustees of the Owasso Public
Works Authority.
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ATTEST:
Sherry Bisho�), City Clerk
APPROVED AS TO FORM:
Jul' Lombardi, City Attorney
Jer' berly, Mayor
n—Tity Wit ouf Limits.
TO: The Honorable Chairman and Trustees
Owasso Public Works Authority
FROM: Linda Jones
Finance Director
SUBJECT: Resolution No. 2014 -04
FY 2014 -2015 Annual Operating Budget
DATE: June 13, 2014
BACKGROUND:
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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 Owasso Public
Works Authority.
RECOMMENDATION:
Staff recommends approval of Resolution No. 2014 -04 adopting a Fiscal Year 2014 -2015 budget
for the OPWA.
ATTACHMENT:
OPWA Resolution 2014 -04