HomeMy WebLinkAbout2017 08_FY 17-18 Annual Operating Budget_ 2017.07.01CITY OF OWASSO, OKLAHOMA
RESOLUTION 2017 -08
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2017 -2018 FOR THE GENERAL FUND AND OTHER FUNDS AS ESTABLISHED BY THE
OWASSO CITY COUNCIL; ESTABLISHING LEVELS OF EXPENDITURES BY DEPARTMENT
AND ESTABLISHING BUDGET AMENDMENT AUTHORITY AS PROVIDED BY STATUTE; AND
ESTABLISHING AN EFFECTIVE DATE.
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, 2018 (FY
2017 -2018) 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 same 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 6, 2017, 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 2017 -2018 Budget
with total resources available in the amount of $69,332,387 and total
fund /departmental appropriations in the amount of $66,786,115 legal appropriation
are hereby established as shown on "Attachment A" for each fund and
department; and
THAT: The June 30, 2017, 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 same purposes for Fiscal
Year 2017 -2018 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, 2017, and Sinking Fund Estimate of Needs for
Fiscal Year Ending June 30, 2018, are hereby approved to be Filed with the County
Excise Board; and
THAT: The effective date of this Resolution shall be July 1, 2017.
PASSED, ADOPTED AND APPROVED this 201h day of June, 2017, by the City Council of the City
of Owasso, Oklahoma.
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City Resolution No. 2017 -08
Budget Summary -Fiscal Year 2017 -2018
Appropriation by Fund & Department
General Fund
Municipal Court
$295,311
General Fund
Managerial
943,834
General Fund
Finance
720,128
General Fund
Human Resources
483,896
General Fund
General Government
453,000
General Fund
Information Technology
801,269
General Fund
Support Services
422,606
General Fund
Community Development
816,159
General Fund
Police Services
5,394,670
Half -Penny Sales Tax Fund
Police Services
1,456,504
General Fund
Police Communications
984,737
General Fund
Animal Control
190,414
General Fund
Fire Services
4,854,313
Half -Penny Sales Tax Fund
Fire Services
710,229
General Fund
Emergency Preparedness
91,663
General Fund
Engineering
765,690
General Fund
Streets
929,515
Half -Penny Sales Tax Fund
Streets
1,375,038
General Fund
Stormwater
666,084
General Fund
Cemetery
104,442
General Fund
Parks
601,677
General Fund
Recreation & Culture
405,257
General Fund
Community Center
258,534
General Fund
Historical Museum
29,711
General Fund
Economic Development
155,152
General Fund
Interfund Transfers Out
25,049,882
Half -Penny Sales Tax Fund
Interfund Transfers Out
169,967
Ambulance Service Fund
Ambulance Operations
1,716,338
Ambulance Capital Fund
Ambulance Operations
418,000
Public Safety Capital Fund
Police Services
-
Public Safety Capital Fund
Fire Services
-
E -91 1 Fund
Police Communications
254,410
Cemetery Care Fund
Cemetery
1,850
Emergency Siren Fund
Emergency Preparedness
1,937
Juvenile Court Fund
Juvenile Court
10,000
Hotel Tax Fund
Economic Development
129,250
Hotel Tax Fund
Strong Neighborhoods
169,815
Stormwater Management Fund
Stormwater
628,329
Stormwater Management Fund
Interfund Transfers Out
122,520
Tax Incremental Financing Fund
TIF
50,000
Vision Tax Fund
Vision Streets Projects
2,293,500
Park Development Fund
Capital Projects
100,000
Capital Improvement Grants Fund
Capital Projects
128,827
Capital Improvements Fund
Capital Projects
5,060,511
City Garage Fund
Vehicle Maintenance
494,432
Self- Insurance Fund
General Government
6,061,000
Sinking Fund
General Government
15,714
Total Appropriations
$66,786,115
nTity Wit ouf Limits.
TO: The Honorable Mayor and City Council APPROVED BY COUNCIL
City of Owasso
Jury 20 zuu
FROM: Linda Jones
Finance Director
SUBJECT: FY 2017 -2018 Annual Operating Budget
DATE: June 16, 2017
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 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 -08 provides for the adoption of a fiscal year budget for the City of Owasso,
Oklahoma.
RECOMMENDATION:
Staff recommends approval of Resolution 2017 -08, adopting a Fiscal Year 2017 -2018 budget for
the General Fund and Other Funds as established by the Owasso City Council.
ATTACHMENT:
Resolution 2017 -08