HomeMy WebLinkAbout2019 02_Annual Budget OPWA 2019-2020Tulsa County Clerk - Michael Willis
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OWASSO PUBLIC WORKS AUTHORITY
OWASSO, OKLAHOMA
RESOLUTION 2019 -02
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
BUDGET FOR FISCAL YEAR 2019 -2020 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, 2020, (FY
2019 - 2020); 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 2019 -2020 Budget with
total resources available in the amount of $62,923,543, and total expenditure
appropriations in the amount of $61,393,827 as follows:
Administration
$1,055,450
Utility Billing
542,460
Water
5,807,916
Wastewater Treatment
16,568,724
Wastewater Collections
6,599,940
Refuse
1,169,919
Recycle Center
209,309
Debt Service
6,984,638
Tax Increment Financing
305,780
Interfund Transfers Out
22,149,691
Total Expenditures
$ 61,393,827
,,Jhh : The effective date of this Resolution shall be July
``G�JORK '� �jND APPROVED this 181h day of June, 2019, b t tste7 the Owasso Public Works
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i�i�'.y011O iP�O` M. Stevens, Au# ority Secretary
APPROVED AS TO FORM: Ls\-4 A
Juli Lombardi, Authority Attorney
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REALPwpY • REAL GrrSr• RFAI CavnunM/
TO: The Honorable Chair and Trustees
Owasso Public Works Authority
FROM: Linda Jones
Finance Director
APPROVED BY TRUSTEES
JUN 18 2019
SUBJECT: Resolution 2019 -02
FY 2019 -2020 Annual Owasso Public Works Authority (OPWA) Operating Budget
DATE: June 14, 2019
BACKGROUND:
Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund,
OPWA Fund, Owasso Public Golf Authority (OPGA) Fund, and other funds has been developed
and was transmitted for City Council review on May 10, 2019. 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 2019 -02 provides for the adoption of a fiscal year budget for the Owasso Public Works
Authority.
PUBLIC HEARING:
On May 15, 2019, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on May 21, 2019. 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 2019 -02 adopting a Fiscal Year 2019 -2020 budget for
the OPWA Fund.
ATTACHMENT.
OPWA Resolution 2019 -02