HomeMy WebLinkAbout2014 01_OPGA_Adopt Annual Operating Budget_2014.06.17OWASSO PUBLIC GOLF AUTHORITY
OWASSO, OKLAHOMA
OPGA RESOLUTION NO. 2014-01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2014 -15 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, 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 GOLF AUTHORITY,
THAT: Total resources available in the amount of $1,042,500 are hereby established as follows:
Golf Shop $111,476
Golf Cart Operation $102,843
Golf Course Maintenance $528,519
Food and Beverage $113,161
General and Administrative $186,501
THAT: The effective date of this Resolution shall be July 1, 2014.
PASSED, ADOPTED AND APPROVED This 17th Day of June, 2014, by the Trustees of the Owasso Public
Works Authority.
QubIIC/G0
o..�'O Off(c /W ':9
ATTEST: : 0: SeQ1 :0=
Sherry BisH6p, City
APPROVED AS TO FORM:
Oft
Julie ombardi, City Attorney
J ' Moberly, Mayor
The City Wit out Limits.
TO: The Honorable Chairman and Trustees
Owasso Public Golf Authority
FROM: Linda Jones
Finance Director
SUBJECT: Resolution No. 2014 -01
FY 2014 -2015 Annual Operating Budget
DATE: June 13, 2014
BACKGROUND:
APPF?0Vg0 gy
JUN > % 7011
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 -01 provides for the adoption of a fiscal year budget for the Owasso Public
Golf Authority.
RECOMMENDATION:
Staff recommends approval of Resolution No. 2014 -01 adopting a Fiscal Year 2014 -2015 budget
for the OPGA.
ATTACHMENT:
OPGA Resolution 2014 -01