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HomeMy WebLinkAbout2024 01_OPGA Budget AdoptionTOIL c Tulsa County Clerk - MICHAEL V Doc #: 2024054012 Page(s): 1 07/05/2024 03:31:49 PM Receipt#:2024-37474 �kLnxo�^P Fees: $18.00 OWASSO PUBLIC GOLF AUTHORITY OWASSO, OKLAHOMA RESOLUTION 2024-01 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2024-2025 FOR THE OWASSO PUBLIC GOLF AUTHORITY WHEREAS, The Owasso Public Golf Authority was created as a Title 60 Public Trust; and WHEREAS, The Authority Manager has prepared a budget for fiscal year ending June 30, 2025 (FY 2024-2025); 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 GOLF AUTHORITY, THAT: SECTION ONE (1): The Owasso Public Golf Authority does hereby adopt the FY 2024-2025 Budget with total resources available in the amount of $2,149,686 and total expenditures appropriations in the amount of $2,359,139 as follows: Golf Shop 352,847 Golf Cart Operations 230,749 Golf Course Maintenance 1,207,023 Food & Beverage 188,557 General & Administrative 379,963 Total Expenditures 2,359,139 SECTION TWO (2): The effective date of this Resolution shall be July 1, 2024. I Juliann M. Stevens, Authority Clerk v APPRO AS TO FOR Julie mbardl, Authority Attorney PASSED AND APPROVED this 18th day of June 2024. Alvin u/ga, Chair `4'R ••pfticiQj�• 9pf Or •'.�� Q °•.�klahot"� .,� ;fr 4' ` OF TO: FROM: SUBJECT: DATE: BACKGROUND: APPROVED BY TRUSTEES JUN 18 2024 The Honorable Chair and Trustees Owasso Public Golf Authority (OPGA) Carly Novozinsky, Finance Director Resolution 2024 -01: FY 2024 -2025 Annual Owasso Public Golf Authority Operating Budget June 14, 2024 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 City Council review on May 7, 2024. The proposed budget was discussed during the May and June City Council 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 2024 -01 provides for the adoption of a fiscal year budget for the Owasso Public Golf Authority. PUBLIC HEARING: On May 22, 2024, and May 29, 2024, legal notices of the public hearing were published in the Owasso Reporter, and such hearing was conducted on June 4, 2024. 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 2024 -01, adopting a Fiscal Year 2024 -2025 Budget for the Owasso Public Golf Authority. ATTACHMENT: OPGA Resolution 2024 -01