HomeMy WebLinkAbout2007 01_Adopt Annual Operating Budget_2007.06.19MEMORANDUM
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO PUBLIC GOLF AUTHORITY
FROM: SHERRY BISHOP
ADMINISTRATIVE SERVICES DIRECTOR
SUBJECT: RESOLUTION NO. 2007-01
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. OPGA Resolution No. 2007-01 provides for
the adoption of a fiscal year budget for the Owasso Public Golf Authority with total resources
(revenues and transfers in) of $1,070,483 and total appropriations by department of $1,070,483.
RECOMMENDATION:
The staff recommends Trustee approval of OPGA Resohition No. 2007-01 adopting a fiscal year
2007-2008 budget for the OPGA.
ATTACHMENT:
OPGA Resolution No. 2007-01
OWAS50 PUBLIC GOLF AUTHORITY
OPGA RESOLUTION NO. 2007-01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
OPERATING BUDGET FOR THE OWASSO PUBLIC GOLF
AUTHORITY; 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 Public Golf Authority 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 TRUSTEES OF THE OWASSO
PUBLIC GOLF AUTHORITY:
THAT: The revenues, expenditures and transfers as shown shall be appropriated:
Revenues $1,070,483
Personal Services Expenditures $660,818
Material & Supplies Expenditures $89,430
Other Services & Charges Expenditures $218,425
Capital Outlay Expenditures $49,900
Debt Service Expenditures $51,910
THAT: The effective date of this Resolution shall be July 1, 2007.
APPROVED AND ADOPTED this 19`'' day of June, 2007 by the Trustees of the
Owasso Public Golf Authority.
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APPROVED AS TO FORM:
Julie ombardi, ~'S' Attorney
Authority