HomeMy WebLinkAbout2016 08_FY 2016_2017 Annual Operating Budget_2016.06.21ni-ity Wit out Limits.
TO: The Honorable Mayor and City Council
City of Owasso
FROM: Linda Jones
Finance Director
SUBJECT: FY 2016 -2017 Annual Operating Budget
DATE: June 17, 2016
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 10, 2016. 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, the Owasso Library, and on the City's website.
On June 1, 2016, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 7, 2016. The public hearing provided opportunity for
citizen comment and questions relating to the proposed budget.
Resolution 2016 -08 provides for the adoption of a fiscal year budget for the City of Owasso,
Oklahoma.
RECOMMENDATION:
Staff recommends approval of Resolution 2016 -08, adopting a Fiscal Year 2016 -2017 budget for
the General Fund and Other Funds as established by the Owasso City Council,
ATTACHMENT:
Resolution 2016 -08
CITY OF OWASSO, OKLAHOMA
RESOLUTION 2016 -08
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2016 -2017 FOR THE GENERAL FUND AND OTHER FUNDS AS ESTABLISHED BY THE
OWASSO CITY COUNCIL; ESTABLISHING
AND ESTABLISHING BUDGET AMENDMENT
ESTABLISHING AN EFFECTIVE DATE.
LEVELS OF EXPENDITURES BY DEPARTMENT
AUTHORITY AS PROVIDED BY STATUTE; AND
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, 2017
(FY 2016 -2017) 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 some 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 7, 2016, 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 2016-
2017 Budget with total resources available in the amount of $68,184,599
and total fund /departmental appropriations in the amount of
$68,153,958; legal appropriation are hereby established as shown on
"Attachment A" for each fund and department; and
THAT: The June 30, 2016, encumbrances and unexpended appropriation
balances for capital projects in the Half -Penny Sales Tax Fund, the
Capital Improvements Fund, the Ambulance Capital Fund, the Park
Development Fund, the Stormwater Management Fund, and the
Capital Improvement Grants Fund be hereby reappropriated to the
same funds, accounts and for the some purposes for Fiscal Year 2016-
2017 unless the project or purpose is designated or declared closed or
completed, provided that fund balances in each respective fund is
equal to or greater than the amounts to be reappropriated; and
THAT: The Sinking Fund Schedules for June 30, 2016 and Sinking Fund Estimate
of Needs for Fiscal Year Ending June 30, 2017 are hereby approved to
be Filed with the County Excise Board; and
THAT: The effective date of this Resolution shall be July 1, 2016
PASSED, ADOPTED AND APPROVED this 21 st day of June, 2016, by the City Council of the City
of Owasso, Oklahoma.
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ATTEST:
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Sherry I, o �—
APPROVED AS TO FORM:
Julie Ombardi, City Attorney
Attachment A
Res. 2013 -10
Attachment A
City Resolution 2016 -08
Budget Summary - Fiscal Year 2016 -2017
Appropriation by Fund & Department
General Fund
Municipal Court
$269,770
General Fund
Managerial
900,619
General Fund
Finance
701,443
General Fund
Human Resources
481,062
General Fund
General Government
448,000
General Fund
Information Technology
910,132
General Fund
Support Services
481,319
General Fund
Community Development
730,166
General Fund
Police Services
5,291,345
Half -Penny Sales Tax Fund
Police Services
1,423,274
General Fund
Police Communications
943,108
General Fund
Animal Control
192,967
General Fund
Fire Services
4,854,313
Half -Penny Sales Tax Fund
Fire Services
1,159,135
General Fund
Emergency Preparedness
97,211
General Fund
Engineering
727,674
General Fund
Streets
929,515
Half -Penny Sales Tax Fund
Streets
1,361,568
General Fund
Stormwater
638,065
General Fund
Cemetery
150,241
General Fund
Parks
740,972
General Fund
Culture & Recreation
254,590
General Fund
Community Center
289,336
General Fund
Historical Museum
32,036
General Fund
Economic Development
137,998
General Fund
Interfund Transfers Out
25,654,967
Ambulance Service Fund
Ambulance Operations
1,715,384
Public Safety Capital Fund
Fire Services
-
E -911 Fund
Police Communications
231,302
Cemetery Care Fund
Cemetery
-
Emergency Siren Fund
Emergency Preparedness
30,000
Juvenile Court Fund
Juvenile Court
10,000
Hotel Tax Fund
Economic Development
69,250
Hotel Tax Fund
Strong Neighborhoods
166,383
Stormwater Management Fund
Stormwater
556,436
Stormwater Management Fund
Interfund Transfers Out
254,080
Vision Tax Fund
Vision Streets Projects
1,515,818
Park Development Fund
Capital Projects
100,000
Capital Improvement Grants Fund
Capital Projects
168,736
Capital Improvements Fund
Capital Projects
6,679,322
City Garage Fund
Vehicle Maintenance
524,070
Self- Insurance Fund
General Government
6,061,000
Sinking Fund
General Government
101,352
Total Appropriations
$68,153,958