HomeMy WebLinkAbout2020 04_OPWA_FY 2020-2021 Annual Owasso Public Works Authority Operating Budget_2020.06.16Tulsa County Clerk - Michael Willis
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vw,aa2,v ruuuC WORKS AUTHORITY
OWASSO, OKLAHOMA
RESOLUTION 2020 -04
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET
FOR FISCAL YEAR 2020 -2021 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,
2021 )FY 2020 - 2021); 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 2020 -2021 Budget with
total resources available in the amount of $45,877,426 and total expenditure
appropriations in the amount of $44,758,931 as follows:
Administration
$1,144,736
Utility Billing
524,537
Water
4,252,451
Wastewater Treatment
1,401,456
Wastewater Collections
1,363,061
Refuse
1,569,791
Recycle Center
169,388
Debt Service
7,934,500
Tax Increment Financing
354,502
Interfund Transfers Out
26,044,509
Total Expenditures
$44,758,931
THAT: The effective date of this Resolution shall be July 1, 2020.
ADOPTED AND APPROVED this 161h day of June, 2020, by the Trustees of the Owasso Public Works
Authority. �7
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Juli n M. Stevens, A thority Secretary-
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APPROVED AS TO FORM: ° "xa... • -
Ju Lombardi, Authority Attorney
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REAL People • REAL CIM -1.1- PEAL Cemmunlly
TO:
FROM:
SUBJECT:
DATE:
The Honorable Chair and Trustees
Owasso Public Works Authority
Linda Jones
Finance Director
APPROVED BY TRUSTEES
JUN I b 2020
Resolution 2020 -04, FY 2020 -2021 Annual Owasso Public Works Authority
(OPWA) Operating Budget
June 14, 2020
BACKGROUND:
Pursuant to statutory and Charter provisions, an annual operating budget for the
General Fund, Owasso Public Works Authority (OPWA) Fund, OPGA Fund, and other
funds has been developed and was transmitted for City Council review on May 12,
2020. The proposed budget was discussed during the May and June City Council work
sessions. Printed copies of the proposed budget have been available for public
viewing at City Hall and on the City's website.
Resolution 2020 -04 provides for the adoption of a fiscal year budget for the Owasso
Public Works Authority.
PUBLIC HEARING:
On May 27, 2020, legal notice of a public hearing was published in the Owasso
Reporter, and such hearing was conducted on June 2, 2020. 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 2020 -04, adopting a Fiscal Year 2020 -2021
budget for the OPWA Fund.
OPWA Resolution 2020 -04