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HomeMy WebLinkAbout2018 07_OPWA_FY_2018-2019_Annual_Budget_2018.06.19OWASSO PUBLIC WORKS AUTHORITY OWASSO, OKLAHOMA RESOLUTION 2018 -07 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2018 -2019 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 fiscal year ending June 30, 2019 (FY 2018 - 2019); 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: The Owasso Public Works Authority does hereby adopt the FY 2018 -2019 Budget with total resources available in the amount of $42,590,607 and total departmental appropriations in the amount of $42,345,284 as follows: Administration $1,134,918 Utility Billing 511,169 Water 4,513,981 Wastewater Treatment 2,003,176 Wastewater Collections 4,976,884 Refuse 1,161,985 Recycle Center 212,185 Debt Service 6,198,941 Interfund Transfers Out 21,632,045 Total Expenditures $42,345,284 THAT: The effective date of this Resolution shall be July 1, 2018. PASSED, ADOPTED AND APPROVED This 191h day of June, 2018, by the Trustees of the Owasso Public Works Authority. ew0�i \C Jp..•••• .,Firs i Dr. Chris Kelly, Chair ATST: Q . e •• ........... AP ROVED AS TO°F ©kf HOiA @�60 L Ju Lombardi, Auf hority Attorney TO: The Honorable Chair and Trustees Owasso Public Works Authority fOPWA) FROM: Linda Jones Finance Director SUBJECT: Resolution 2018 -07 FY 2018 -2019 Annual OPWA Operating Budget DATE: June 15, 2018 BACKGROUND: ,qpjOR O �Fp ✓U� %9 y T �USTFFs 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 8, 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 Owasso Public Works Authority. PUBLIC HEARING: On May 23 and 30, 2018, 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. No public comments were received. RECOMMENDATION: Staff recommends approval of Resolution 2018 -07 adopting a Fiscal Year 2018 -2019 budget for the OPWA Fund. ATTACHMENT: OPWA Resolution 2018 -07