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HomeMy WebLinkAbout2019 14_City Council Annual Budget FY 19 20_2019.06.18Tulsa County Clerk - Michael Willis Doc p 2019056772 Page(s): 3 06/27/2019 12:09:02 PM Receipt p 19 -34640 oklaxoMP Fee: $ 17.00 CITY OF OWASSO, OKLAHOMA RESOLUTION 2019 -14 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2019 -2020 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, 2020 (FY 2019 -2020) 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 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 May 21, 2019, 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 2019 -2020 Budget with total resources available in the amount of $78,430,709 and total fund /departmental appropriations in the amount of $80,832,015; legal appropriations are hereby established as shown on "Attachment A" for each fund and department; and THAT: The June 30, 2019, encumbrances and unexpended appropriation balances for capital projects in the Vision Recapture Fund, 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 some purposes for Fiscal Year 2019 -2020 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, 2019, and Sinking Fund Estimate of Needs for Fiscal Year Ending June 30, 2020, are hereby approved to be Filed with the County Excise Board; and THAT: The effective date of this Resolution shall be July 1, 2019. Resolution 2019 -14 Page 1 of 3 ADOPTED AND APPROVED this 18th day of Oklahoma. Vann M. Stevens, i Clerk APP OVED ASTOFORM: J# Lombardi, City Attorney Resolution 2019 -14 Page 2 of 3 June, 2019, th City Coun it of the City of Owasso, Chris K Ile , Ma OF O�cn U� �1AyyL O L M ATTACHMENT "A" BUDGET SUMMARY - FISCAL YEAR 2019 -2020 Appropriation by Fund & Department General Fund Municipal Court General Fund Managerial General Fund Finance General Fund Human Resources General Fund General Government General Fund Information Technology General Fund Support Services General Fund Community Development General Fund Police Services Half -Penny Sales Tax Fund Police Services General Fund Police Communications General Fund Animal Control General Fund Fire Services Half -Penny Sales Tax Fund Fire Services General Fund Emergency Preparedness General Fund Engineering General Fund Streets Half -Penny Sales Tax Fund Streets General Fund Stormwater General Fund Cemetery General Fund Parks General Fund Recreation & Culture General Fund Community Center General Fund Historical Museum General Fund Economic Development General Fund Interfund Transfers Out Ambulance Service Fund Ambulance Operations Ambulance Capital Fund Ambulance Operations E -911 Fund Police Communications Cemetery Care Fund Cemetery Emergency Siren Fund Emergency Preparedness Juvenile Court Fund Juvenile Court Hotel Tax Fund Economic Development Hotel Tax Fund Strong Neighborhoods Stormwater Management Fund Stormwater Tax Incremental Financing Fund TIF Interfund Transfer Out Vision Tax Fund Vision Streets Projects Park Development Fund Capital Projects Capital Improvement Grants Fund Capital Projects Capital Improvements Fund Capital Projects City Garage Fund Vehicle Maintenance Self- Insurance Fund General Government Sinking Fund General Government Total Appropriations Resolution 2019 -14 Page 3 of 3 $308,964 838,916 884,517 499,026 485,100 956,036 437,314 839,742 6,253,053 1,636,215 1,190,567 203,625 6,011,749 1,019,647 131,100 858,991 1,241,098 1,360,012 612,435 105,518 623,147 453,738 304,950 33,224 164,338 26,915,163 1,838,877 230,000 297,200 1,850 10,000 10,000 160,381 186,978 1,775,603 305,780 6,540,000 195,000 138,377 6,984,706 559,558 7,179,520 50,000 $80,832,015 sd REpt Paeple • REAL CM1ancter• REAL Lemmunly TO: The Honorable Mayor and City Council FROM: Linda Jones Finance Director SUBJECT: FY 2019 -2020 Annual Operating Budget Resolution 2019 -14 DATE: June 14, 2019 BACKGROUND: 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 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 -14 provides for the adoption of a fiscal year budget for the City of Owasso, Oklahoma. PUBLIC HEARING: On May 15, 2019, a 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. There were no citizen comments provided. RECOMMENDATION: Staff recommends approval of Resolution 2019 -14, adopting a Fiscal Year 2019 -2020 budget for the General Fund and Other Funds as established by the Owasso City Council. ATTACHMENT: Resolution 2019 -14