HomeMy WebLinkAbout2017 01_OGPA_Adopt Annual Operating Budget_2017.06.20OWASSO PUBLIC GOLF AUTHORITY
OWASSO, OKLAHOMA
OPGA RESOLUTION 2017 -01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2017 -18 FOR THE OWASSO PUBLIC GOLF AlITNnRiTY
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, 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 GOLF AUTHORITY,
THAT: Resources available in the amount of $1,338,943 are hereby appropriated as
follows:
Golf Shop $141,375
Golf Cart Operation 115,127
Golf Course Maintenance 719,509
Food and Beverage 139,962
General and Administrative 222,970
THAT: The effective date of this Resolution shall be July 1, 2017.
PASSED, ADOPTED AND APPROVED this 20th day of June, 2017, by the Trustees of the Owasso
Public Golf Authority.
,`��unnrrrr�
% )IIC aGC /f poi
%%a 011 C /(.V;%
ATTEST:
B:1 Seal 0
Sherry Bishpf5, Authority
APPROVED AS TO FORM:
JUI' Lombardi, Authority Attorney
Lynde un , Chair
The City Wit out Limits.
TO: The Honorable Chair and Trustees
Owasso Public Golf Authority
FROM: Linda Jones
Finance Director
SUBJECT: Resolution 2017 -01
FY 2017 -2018 Annual Operating Budget
DATE: June 16, 2017
BACKGROUND:
gppR�VED 8y TRU
sTF�'s
JUN Z U
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 Golf
Authority.
RECOMMENDATION:
Staff recommends approval of Resolution 2017 -01 adopting a Fiscal Year 2017 -2018 budget for
the OPGA Fund.
ATTACHMENT:
OPGA Resolution 2017 -01