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HomeMy WebLinkAbout2021 01_OPWA_FY 2021-2022 Budget AdoptionTulsa County Clerk - Michael Willis �6c Doe q 2021073253 Page(s): 1 06/23/2021 12:46:20 PM Receipt p 21 -43960 �kLaxoMP Fee: $ 18.00 uvvHJJU ruDW- vvuNKS AUTHORITY OWASSO, OKLAHOMA RESOLUTION 2021 -01 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2021 -2022 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, 2022 (FY 2021 - 2022; 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: SECTION ONE (1): The Owasso Public Works Authority does hereby adopt the FY 2021 -2022 Budget with total resources available in the amount of $53,770,364 and total expenditure appropriations in the amount of $51,822,884 as follows: Administration $2,161,292 Utility Billing 493,126 Water 4,558,917 Wastewater Treatment 1,406,542 Wastewater Collections 7,784,583 Refuse 1,262,038 Recycle Center 712,186 Debt Service 8,346,765 Tax Increment Financing 588,363 Interfund Transfers Out 24,509,072 Total Expenditures $51,822,884 SECTION TWO (2): The effective date of this Resolution shall be July 1, 2021. D APPROVED this 15th day of June 2021. .��O,Q AI-1C Co IfCg5h, Chair EST: ` :c- 3= &9ZAr, : � .o� : : _� Z: Juli nn M. Stevens, Au orit Clerk % �• APP VED AS TO FORM: o Juli Vombardi, Authority Attorney sd TO: FROM: SUBJECT: DATE: BACKGROUND: APPROVED BY TRUSTEES JUN 15 2021 The Honorable Chair and Trustees Owasso Public Works Authority Linda Jones Finance Director Resolution 2021 -01 FY 2021 -2022 Annual Owasso Public Works Authority (OPWA) Operating Budget June 11, 2021 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 Trustee review on May 11, 2021. The proposed budget was discussed during the May and June Worksession meetings. Printed copies of the proposed budget have been available for public viewing at City Hall and on the City's website. Resolution 2021 -01 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority. PUBLIC HEARING: On May 19, 2021, legal notice of a public hearing was published in the Owasso Reporter, and such hearing was conducted on June 1, 2021. 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 2021 -01, adopting a Fiscal Year 2021 -2022 budget for the OPWA Fund. ATTACHMENT: OPWA Resolution 2021 -01