HomeMy WebLinkAbout2018 07_FY2018 2019 Budget_2018.06.19CITY OF OWASSO, OKLAHOMA
RESOLUTION 2018 -07
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR
2018 -2019 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, A budget for the fiscal year ending June 30, 2019 (FY 2018 -2019) consistent with the Act has been
prepared: 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 the Owasso City Council published notice and
conducted the Public Hearing on June 5, 2018, 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 2018 -2019 Budget with
total resources available in the amount of $73,402,094 and total fund /departmental
appropriations in the amount of $72,107,705; legal appropriations are hereby established as
shown on "Attachment A" for each fund and department; and
THAT: The June 30, 2018, 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 re- appropriated to the same funds, accounts
and for the same purposes for Fiscal Year 2018 -2019 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 re- appropriated; and
THAT: The Sinking Fund Schedules for June 30, 2018, and Sinking Fund Estimate of Needs for Fiscal
Year Ending June 30, 2019, are hereby approved to be filed with the County Excise Board;
and
THAT: The effective date of this Resolution shall be July 1, 2018.
PASSED, ADOP ANmjA .VED this 19th day of ne 018, b e City Council of the City of
Owasso, Oklahoman �y
j r 9P
Dr. hr' Kelley, ayor
Stevens,
APP VED AS TO FORM:
�-
Juli V Lombardi, City Attorney
ATTACHMENT "A"
BUDGET SUMMARY - FISCAL YEAR 2018 -2019
Appropriation by Fund & Department
General Fund
Municipal Court
$306,938
General Fund
Managerial
815,431
General Fund
Finance
779,238
General Fund
Human Resources
511,792
General Fund
General Government
463,000
General Fund
Information Technology
800,625
General Fund
Support Services
430,609
General Fund
Community Development
868,422
General Fund
Police Services
5,651,185
Half -Penny Sales Tax Fund
Police Services
1,746,935
General Fund
Police Communications
1,081,128
General Fund
Animal Control
201,783
General Fund
Fire Services
5,729,593
Half -Penny Sales Tax Fund
Fire Services
898,612
General Fund
Emergency Preparedness
124,723
General Fund
Engineering
822,236
General Fund
Streets
929,515
Half -Penny Sales Tax Fund
Streets
1,376,812
General Fund
Stormwater
642,289
General Fund
Cemetery
112,449
General Fund
Parks
642,874
General Fund
Recreation & Culture
393,557
General Fund
Community Center
263,949
General Fund
Historical Museum
28,571
General Fund
Economic Development
158,744
General Fund
Interfund Transfers Out
26,058,380
Ambulance Service Fund
Ambulance Operations
1,868,493
Ambulance Capital Fund
Ambulance Operations
388,820
E -911 Fund
Police Communications
258,455
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
172,410
Hotel Tax Fund -
Strong Neighborhoods
180,791
Stormwater Management Fund
Stormwater
1,164,447
Tax Incremental Financing Fund
TIF Interfund Transfer Out
200,285
Vision Tax Fund
Vision Streets Projects
3,961,000
Park Development Fund
Capital Projects
50,000
Capital Improvement Grants Fund
Capital Projects
128,827
Capital Improvements Fund
Capital Projects
4,547,907
City Garage Fund
Vehicle Maintenance
597,799
Self- Insurance Fund
General Government
6,677,819
Sinking Fund
General Government
57,476
Total Appropriations
$72,107,705
0A, •REAL —h. .5 - Commonly
TO: The Honorable Mayor and City Council
FROM: Linda Jones
Finance Director
SUBJECT: FY 2018 -2019 Annual Operating Budget
Resolution 2018 -07
DATE: June 15, 2018
BACKGROUND:
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Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund,
Owasso Public Works Authority (OPWA) Fund, Owasso Public Golf Authority (OPGA) Fund and
other funds has been developed and was transmitted for City Council review on May 11, 2018.
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.
Resolution 2018 -07 provides for the adoption of a fiscal year budget for the City of Owasso,
Oklahoma.
PUBLIC HEARING:
On May 23 and 30, 2018, a legal notice of a public hearing was published in the Owasso
Reporter, and such hearing was conducted on June 5, 2018. The public hearing provided
opportunity for citizen comment and questions relating to the proposed budget. There were no
citizen comments provided.
RECOMMENDATION:
Staff recommends approval of Resolution 2018 -07, adopting a Fiscal Year 2018 -2019 budget for
the General Fund and Other Funds as established by the Owasso City Council.
ATTACHMENT.
Resolution 2018 -07