HomeMy WebLinkAbout2016 02_OPWA_Annual Operating Budget_2016.06.21OWASSO PUBLIC WORKS AUTHORITY
OWASSO, OKLAHOMA
OPWA RESOLUTION 2016 -02
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2016 -2017 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,
2017 (FY 2016- 2017); and
WHEREAS, the budget has been formally presented to the Trustees; 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: Resources available in the amount of $37,931,222 are hereby appropriated
as follows:
Administration
$830,833
Utility Billing
$459,946
Water
$4,197,013
Wastewater Treatment
$1,632,389
Wastewater Collections
$580,813
Refuse
$1,536,168
Recycle Center
$194,238
Debt Service
$6,470,444
Interfund Transfers Out
$22,029,378
THAT: The effective date of this Resolution shall be July 1, 2016.
PASSED, ADOPTED AND APPROVED This 21st Day of June, 2016, by the Trustees of the Owasso
Public Works Authority.
C
? p,� %9 Lyndell nn, Aair
ATTEST:j ± Q S EAL ' o
Sherry Bishop,
APPROVED AS TO FORM:
Julk Lombardi, Authority Attorney
The City Witiout limits.
APPROVED BY TRUSTEES
TO:
The Honorable Chair and Trustees JUN 2 1 auto
Owasso Public Works Authority
FROM:
Linda Jones
Finance Director
SUBJECT:
Resolution 2016 -02
FY 2016 -2017 Annual Operating Budget
DATE:
June 17, 2016
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 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 -02 provides for the adoption of a fiscal year budget for the Owasso Public Works
Authority.
RECOMMENDATION:
Staff recommends approval of Resolution 2016 -02 adopting a Fiscal Year 2016 -2017 budget for
the OPWA Fund.
ATTACHMENT:
OPWA Resolution 2016 -02