HomeMy WebLinkAbout2023 01_OPWA Adoption of FY 2023-2024 Annual Budgetr�Hry/c�
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Tulsa County Clerk - MICHAEL WILLIS
Doc #: 2023051353 Page(s): 1
06/27/2023 02:22:55 PM
Receipt #: 2023 -33985
Fees: $18.00
OWASSO PUBLIC WORKS AUTHORITY
CITY OF OWASSO, OKLAHOMA
RESOLUTION 2023 -01
A RESOLUTION PROVIDING FORTHE ADOPTION OF AN ANNUAL BUDGET
FOR FISCAL YEAR 2023 -2024 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,
2024 (FY 2023 - 2024; 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
2023 -2024 Budget with total resources available in the amount of $79,709,961 and total
expenditure appropriations in the amount of $80,284,800 as follows:
Administration
7,830,379
Utility Billing
586,126
Water
5,736,019
Wastewater Treatment Plant
1,771,238
Wastewater Collections
12,365,179
Refuse
1,936,200
Recycle Center
316,105
Debt Service
10,020,150
Tax Increment Financing
1,054,277
Interfund Transfers Out
38,669,127
Total Expenditures
80,284,800
SECTION TWO (2): The effective date of this Resolution shall be July 1, 2023.
PASSED AND %APPROVED this 20th day of June 2023.
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�''•�"•• ts' ^ Kelly Lewis, hair
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Jul nn M. Stevens, Authority Clerlrr„ O : •° ��
APPROV AS TO FORM: �✓s�kQAlgO4�P;``�
Julie Lo bardi, Authority Attorney
TO: The Honorable Chair and Trustees
Owasso Public Works Authority
FROM: Carly Novozinsky, Finance Director
APPROVED BY TRUSTEES
JUN 2 0 2023
SUBJECT: Resolution 2023 -01
FY 2023 -2024 Annual Owasso Public Works Authority (OPWA) Operating Budget
DATE: June 16, 2023
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 Trustee review on May 9, 2023. 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, on the City's
website, and at the Owasso Public Library.
Resolution 2023 -01 provides for the adoption of a fiscal year budget for the Owasso Public Works
Authority.
PUBLIC HEARING:
On May 24, 2023, a legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 6, 2023. 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 2023 -01 adopting a Fiscal Year 2023 -2024 Budget for
the OPWA Fund.
ATTACHMENT:
OPWA Resolution 2023 -01