HomeMy WebLinkAbout2007 08_Annual Budget_2007.07.19CITY OF OWASSO, OKLAHOMA
RESOLUTION NO. 2007 -08
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
OPERATING BUDGET FOR THE GENERAL FUND AND OTHER
FUNDS AS ESTABLISHED BY THE OWASSO CITY COUNCIL;
CLASSIFYING REVENUES FOR EACH FUND; ESTABLISHING
LEVELS OF EXPENDITURES BY CLASSIFICATION AS PROVIDED BY
STATUTE; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS: It is the intent of the Owasso City Council to adopt an operating budget for
fiscal year 2007 -2008; and
WHEREAS: The adoption of such budget is vital to the continuation of services to the
citizens of Owasso; and
WHEREAS: Public access to the adopted budget is desired; and
WHEREAS: Certain publication and filing requirements are mandated by State
Statutes.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OWASSO, OKLAHOMA:
THAT: The revenues, expenditures and transfers as shown on Attachment "A"
shall be appropriated for each fund; and
THAT: The encumbrances and unexpended appropriation balances for the Capital
Improvements Fund, the Park Development Fund, and the Capital Projects
Grant Fund for Fiscal Year 2006 -2007 be and the same are hereby
reappropriated to the same funds, accounts and for the same purposes for
Fiscal Year 2007 -2008 unless the project or purpose is designated or
declared closed or completed; and
THAT: The effective date of this Resolution shall be July 1, 2007.
APPROVED AND ADOPTED this 191h day of June, 2007 by the City Council of the
City of Owasso, Oklahoma.
G "-4 OFOk <:::aje�AL
9�m Stephen Cataudella, Mayor
OFFICIAL O
SEAL
ATTEST:
�KGAHOW'
Sherry Bis p, City Cler
APPROVED AS TO FORM:
JV� X �,'ol a o
Julie mbardi, Cit Attorney
MEMORANDUM
TO: THE HONORABLE MAYOR AND CITY COUNCIL
CITY OF OWASSO
FROM: SHERRY BISHOP
ADMINISTRATIVE SERVICES DIRECTOR
SUBJECT: RESOLUTION NO. 2007-08
FISCAL YEAR 2007 -2008 BUDGET
DATE: June 15, 2007
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 transmitted for your review. On
May 24, 2007 legal notice of a public hearing was published in the Owasso Reporter, and such
hearing was conducted on June 5, 2007. The public hearing provided opportunity for citizen
comment and questions relating to the proposed budget. In addition, copies of the proposed budget
have been available for public review.
State statutes require adoption of an annual budget by the City Council through a resolution.
Resolution No. 2007 -08 with "Attachment A" (budget summary) provides for the adoption of a fiscal
year budget for the General Fund and other funds of the city with total resources (fund balance,
revenues and transfers in) of $46,172,906 and total appropriations by department of $46,739,897.
The Municipal Budget Act authorizes an alternate method of budgeting for grants and capital projects
that extend beyond a single fiscal year. The existing budgets may be reappropriated to the same
project in the succeeding fiscal year without specifying the exact dollar amount. For example, this
allows the budget for the fire station #3 to automatically roll forward into the new fiscal year. If
approved by Council, wording in Resolution No. 2007 -08 will reappropriate funds for all incomplete
projects in the Capital Improvements Fund, the Park Development Fund and the Capital Projects
Grant Fund.
RECOMMENDATION:
The staff recommends City Council approval of Resolution No. 2007 -08 adopting a fiscal year 2007-
2008 budget for the General Fund and all other funds of the City.
ATTACHMENT:
Resolution No. 2007 -08
Attachment A
City of Owasso - Budget Summary
Fiscal Year 2007 -2008
Appropriation by Fund & Department
General Fund --
Municipal Court
170,360.00
Managerial
751,095.00
Finance
503,420.00
Human Resources
315,492.00
General Government
422,700.00
Community Development
480,075.00
Engineering
472,130.00
Information Technology
447,875.00
Support Services
392,417.00
Cemetery
6,055.00
Police Services
4,112,508.00
Police Communications
429,031.00
Animal Control
141,153.00
Fire Services
3,123,920.00
Emergency Preparedness
135,855.00
Streets
727,070.00
Stormwater
447,725.00
Parks
518,921.00
Community Center
166,700.00
Historical Museum
82,297.00
Economic Development
168,047.00
Interfund Transfers Out
16,501,125.00
Ambulance Service Fund --
Ambulance Operations
909,165.00
Interfund Transfers Out
163,125.00
E -911 Fund --
Police Communications
262,890.00
Emergency Siren Fund --
Emergency Preparedness
20,000.00
Juvenile Court Fund --
Juvenile Court
35,000.00
Hotel /Motel Tax Fund --
Economic Development
68,000.00
Stormwater Management Fund --
Stormwater
533,000.00
Animal Sterilization Fund --
Animal Control
6,200.00
Capital Improvements Fund --
Public Safety
500,000.00
Streets
9,500,000.00
Parks
400,000.00
Ambulance Capital Fund --
Ambulance Operations
218,790.00
Fire Capital Fund --
Fire Services
55,000.00
Park Development Fund --
Parks
20,000.00
Capital Projects Grants Fund --
Parks
58,696.00
City Garage Fund --
Vehicle Maintenance
373,060.00
Workers' Comp Self -Ins Fund --
General Government
385,000.00
Self- Insurance Fund --
General Government
256,000.00
Healthcare Self Ins Fund --
General Government
2,460,000.00
Total Appropriation
46,739,897.00