HomeMy WebLinkAbout2017 01_OPWA_Annual Operating Budget_2017.06.20OWASSO PUBLIC WORKS AUTHORITY
OWASSO, OKLAHOMA
OPWA RESOLUTION 2017 -01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2017 -2018 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,
2018 (FY 2017- 2018); 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 $38,338,373 are hereby appropriated
as follows:
Administration
$1,093,848
Utility Billing
483,089
Water
4,542,455
Wastewater Treatment
1,348,192
Wastewater Collections
882,795
Refuse
1,679,941
Recycle Center
225,517
Debt Service
6,992,671
Interfund Transfers Out
21,089,865
THAT: The effective date of this Resolution shall be July 1, 2017.
PASSED, ADOPTED, AND APPROVED this 201h day of June, 2017, by the Trustees of the Owasso
Public Works Authority.
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TO: The Honorable Chair and Trustees
Owasso Public Works Authority
FROM: Linda Jones
Finance Director
SUBJECT: Resolution 2017 -01
FY 2017 -2018 Annual Operating Budget
DATE: June 16, 2017
BACKGROUND:
APPROVED By TRUSTEES
JUN 1 0101/
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 9, 2017. 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 May 31, 2017, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 6, 2017. The public hearing provided opportunity for
citizen comment and questions relating to the proposed budget.
Resolution 2017 -01 provides for the adoption of a fiscal year budget for the Owasso Public Works
Authority.
RECOMMENDATION:
Staff recommends approval of Resolution 2017- Oladopting a Fiscal Year 2017 -2018 budget for
the OPWA Fund.
ATTACHMENT:
OPWA Resolution 2017 -01