HomeMy WebLinkAbout2025.01.21_City Council AgendaPUBLIC NOTICE OF THE MEETING OF THE
OWASSO CITY COUNCIL
Council Chambers Old Central Building 109 North Birch, Owasso, OK
Tuesday, January 21, 2025 - 6:30 PM
NOTE: APPROPRIATE ACTION may include, but is not limited to: acknowledging, affirming, amending, approving, authorizing,
awarding, denying, postponing, or tabling.
AGENDA
1. Call to Order - Mayor Alvin Fruga
RECEIVED
2. Invocation - Senior Pastor Chris Wall of First Baptist Church Owasso
JAN 16 2025
3. Flag Salute
4. Roll Call City Clerk's Office
S. Consideration and appropriate action relating to the Consent Agenda. (All matters listed under
"Consent" are considered by the City Council to be routine and will be enacted by one motion. Any
Councilor may, however, remove an item from the Consent Agenda by request. A motion to adopt the
Consent Agenda is non -debatable.)
A. Approve minutes - January 7, 2025, and January 14, 2025, Regular Meetings
B. Approve claims
C. Accept the Garnett Culvert Improvement Project and authorize final payment of $30,128.74
to Diversified Civil Contractors, LLC of Broken Arrow, Oklahoma
6. Consideration and appropriate action relating to items removed from the Consent Agenda
7. Consideration and appropriate action relating to a final plat for Presley Hollow II, a proposed single-
family residential subdivision on approximately 39 acres, zoned Residential (RS-3) under Owasso
Planned Unit Development OPUD 16-04, located east of North 147th East Avenue and north of East 76th
Street North
Alexa Beemer
Staff recommends approval of the Final Plat.
B. Consideration and appropriate action relating to a final plat for Robinson Industrial Park Phase I, a
proposed mixed -use industrial subdivision on approximately 23 acres, zoned Industrial Light (IL),
located east of North Mingo Road and south of East 76th Street North
Wendy Kramer
Staff recommends approval of the Final Plat.
9. Consideration and appropriate action relating to an agreement for engineering design services for the
East 86th Street North, North Main Street to North Garnett Road Widening Project
Dwayne Henderson
Staff recommends approval of an Agreement for Engineering Services with Hudson Prince Engineering
& Inspection, PLLC, of Owasso, Oklahoma, in the amount of $379,197.00, and authorization to execute
all necessary documents.
10. Consideration and appropriate action relating to an agreement for engineering design services for the
East 96th Street North, North Mingo Road to North Garnett Road Widening Project
Dwayne Henderson
Staff recommends approval of an Agreement for Engineering Services with Garver, LLC, of Tulsa,
Oklahoma, in the amount of $635,500.00, and authorization to execute all necessary documents.
Owasso City Council
January 21, 2025
Page 2
11. Consideration and appropriate action relating to an agreement for engineering design services for the
East 106th Street North, North 129th East Avenue to North 145th East Avenue Widening Project
Dwayne Henderson
Staff recommends approval of an Agreement for Engineering Services with Kimley-Horn and Associates,
Incorporated of Tulsa, Oklahoma, in the amount of $665,900.00, and authorization to execute all
necessary documents.
12. Report from City Manager
13. Report from City Attorney
14. Report from City Councilors
15. Official Notices (documents for acknowledgment of receipt or information only, no discussion or action
will be taken)
• Payroll Payment Report - pay period ending date January 11, 2025
• Monthly Budget Status Report - December 2024
• Change Order No. 2 executed by the City Manager or designee for the Honey Creek Channel
Rehabilitation Project
• Annual Comprehensive Financial Report Fiscal Year End June 30, 2024
16. New Business (New Business is any item of business which could not have been foreseen at the time of
posting of the agenda)
17. Adjournment
Notice of Public Meeting filed in the office of the City Clerk on Friday, December 13, 2024, and the Agenda
posted at City Hall, 200 South Main Street, at 2:00 prp Op Thursday, January 16, 2925.
Stevens,
The City of Owasso encourages citizen participation. To request f6n accommodation due to a disability, contact the City Clerk prior
to the scheduled meeting by phone 918-376-1502 or by email to istevens@cityofowasso.com
OWASSO CITY COUNCIL
MINUTES OF REGULAR MEETING
TUESDAY, JANUARY 7, 2025
The Owasso City Council met in regular session on Tuesday, January 7, 2025, in the Council Chambers at
Old Central, 109 North Birch, Owasso, Oklahoma per the Notice of Public Meeting filed Friday, December
13, 2024; and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 South Main Street,
at 1:00pm on Thursday, January 2, 2025.
1. Call to Order - Mayor Alvin Fruga called the meeting to order at 6:30 pm.
2. Invocation - The Invocation was offered by Pastor Andrew Rankin of Freedom Church.
3. Flag Salute - Paul Loving led the flag salute.
4. Roll Call - A quorum was declared present.
Present Absent
Mayor - Alvin Fruga None
Vice Mayor- Lyndell Dunn
Councilor - Doug Bonebrake
Councilor - Paul Loving
Councilor - Cody Walter
Staff: City Manager - Chris Garrett / City Attorney - Julie Lombardi
S. Presentation of Character Trait of Diligence - Larry Langford presented the character trait for January.
6. Presentation of a Proclamation recognizing 2024 Class A-1 State Champions, Rejoice Christian Eagles
Varsity Football - Mayor Fruga presented a proclamation declaring January 13, 2025, to be Rejoice
Christian Eagles Day in the City of Owasso.
7. Consideration and appropriate action relating to the Consent Agenda. (All matters listed under
"Consent" are considered by the City Council to be routine and will be enacted by one motion. Any
Councilors may remove an item from the Consent Agenda by request. A motion to adopt the Consent
Agenda is non -debatable.)
A. Approve minutes - December 17, 2024 Regular Meeting
B. Approve claims
C. Accept public infrastructure of a concrete approach including sidewalk, water main
extension, and fire hydrant for the commercial development located at 9621 North Garnett
Road (McDonalds)
Mr. Bonebrake moved, seconded by Mr. Loving, to approve the Consent Agenda as presented, with
claims totaling $370,936.35.
YEA: Dunn, Loving, Walter, Bonebrake, Fruga
NAY: None
Motion carried: 5-0
8. Consideration and appropriate action relating to items removed from the Consent Agenda - None
Page 2 of 2
January 7, 2025 minutes
9. Consideration and appropriate action relating to Ordinance 1230, amending Part 4, Animals, of the
Owasso Code of Ordinances by adding part, amending in part, and repealing in part, various sections;
establishing an effective date; providing for severability; and repealing all ordinances or parts of
ordinances in conflict
Beth Anne Childs presented the item, recommending adoption of Ordinance 1230. There were no
comments from the audience. Mr. Loving moved, seconded by Mr. Bonebrake to adopt Ordinance
1230, as recommended.
YEA: Bonebrake, Dunn, Loving, Walter, Fruga
NAY: None
Motion carried: 5-0
10. Consideration and appropriation action relating to the acceptance and final payment for the East 1 l6th
Street North Roadway Improvements from North Garnett Road to North 97th East Avenue
Earl Farris presented the item, recommending acceptance of the construction project and
authorization for final payment to Crossland Heavy Contractors, Inc., of Tulsa, Oklahoma, in the amount
of $431,777.71. There were no comments from the audience. Following discussion, Mr. Loving moved,
seconded by Mr. Walter to accept the project and authorize payment, as recommended.
YEA: Bonebrake, Dunn, Loving, Walter, Fruga
NAY: None
Motion carried: 5-0
11. Consideration and appropriation action relating to an amendment to the agreement for engineering
services for the East 86th Street North and North 161 st East Avenue Intersection Improvements.
Dwayne Henderson presented the item, recommending approval of Amendment No. 1 to the
Agreement for Engineering Services with Kimley-Horn of Tulsa, Oklahoma, in the amount of $24,400.00,
and authorization to execute all necessary documents. There were no comments from the audience.
Following discussion, Mr. Bonebrake moved, seconded by Mr. Dunn to approve the amendment and
authorize execution of documents, as recommended.
YEA: Bonebrake, Dunn, Loving, Walter, Fruga
NAY: None
Motion carried: 5-0
12. Presentation of the monthly Public Works Project Status Report. Travis Blundell presented the item and
discussion was held.
13. Report from City Manager - Chris Garrett reported on the greenery pick-up service.
14. Report from City Attorney - None
15. Report from City Councilors - None
16. Official Notices - The Mayor acknowledged receipt of the following:
• Payroll Payment Reports - pay period ending dates December 14 and 28, 2024
• Healthcare Self -Insurance Claims -dated as of December 31, 2024
17. New Business - None
18. Adjournment
Mr. Loving moved, seconded by Mr. Dunn, to adjourn the meeting.
YEA: Dunn, Loving, Walter, Bonebrake, Fruga
NAY: None
Motion carried: 5-0 and the meeting adjourned at 7:15pm.
Juliann M. Stevens, City Clerk Alvin Fruga, Mayor
OWASSO CITY COUNCIL, PUBLIC WORKS AUTHORITY, AND
PUBLIC GOLF AUTHORITY
MINUTES OF JOINT REGULAR MEETING
TUESDAY, JANUARY 14, 2025
The Owasso City Council, Owasso Public Works Authority (OPWA), and Owasso Public Golf Authority
(OPGA) met in a joint regular meeting on Tuesday, January 14, 2025, in the Council Chambers at Old
Central, 109 North Birch Street, Owasso, Oklahoma, per the Notice of Public Meeting filed Friday, December
13, 2024; and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 South Main Street,
at 12:00pm on Thursday, January 9, 2025.
1. Call to Order - Mayor/Chair Alvin Fruga called the meeting to order at 6:00 pm.
2. Roll Call A quorum was declared present.
Present Absent
Mayor/Chair-Alvin Fruga None
Vice Mayor/Vice Chair- Lyndell Dunn
Councilor/Trustee - Doug Bonebrake
Councilor/Trustee - Paul Loving
Councilor/Trustee - Cody Walter
Staff: City/Authority Manager - Chris Garrett; City/Authority Attorney - Julie Lombardi
3. Discussion relating to the Fiscal Year 2023.2024 Annual Audit Report
Carly Novozinsky presented the item and introduced Robert Curfman, Audit Committee Chair. Mr.
Curfman reported on the Audit Committee's review of the report. Discussion was held.
4. Discussion relating to Community Development items - Wendy Kramer / Alexa Beemer
A. Application - Final Plat for Robinson Industrial Park Phase I, a proposed mixed -use industrial
subdivision on approximately 23 acres, zoned Industrial Light, located east of North Mingo Road
and south of East 76th Street North
B. Application - Final Plat for Presley Hollow II, a proposed single-family residential subdivision on
approximately 39 acres, zoned Residential (RS-3) under Owasso Planned Unit Development
OPUD 16-04, located east of North 147th East Avenue and north of East 76th Street North
Wendy Kramer presented item A; Alexa Beemer presented item B. Discussion was held. It was further
explained items A and B will be placed on the January 21, 2025, City Council agenda for consideration
and action.
S. Discussion relating to the monthly Sales and Use Tax Report and Revenue Outlook
Carly Novozinsky presented the item and discussion was held.
6. City/Authority Manager Report
Chris Garrett reported on greenery pick up, Public Works 2024 statistics on litter pickup, and the recent
winter storm event.
7. City Councilor/Trustee comments and inquiries
None
8. Adjournment
The meeting adjourned at 6:20 pm.
Juliann M. Stevens, City Clerk Alvin Fruga, Mayor/Chair
Fund
01 GENERAL
Claims List - 01/21/2025
Vendor Name
Payable Description Payment
Amount
BLUE ENERGY FUELS LLC
DEC CNG FUEL
$10.39
ENTERPRISE FM TRUST
JAN FLEET LEASE
$2,745.14
FLEETCOR TECHNOLOGIES
DEC FUEL
$160.19
JPMORGAN CHASE BANK
AMAZON-AED BOX
$182.97
JPMORGAN CHASE BANK
AMAZON -CUTTING MAT
$32.46
JPMORGAN CHASE BANK
AMAZON -PAID STAMP
$9.50
JPMORGAN CHASE BANK
AMAZON -SUPPLIES
$47.89
JPMORGAN CHASE BANK
AMAZON-SYMP CARDS
$6.99
JPMORGAN CHASE BANK
ATWOOD-RATCHET STRAP
$26,99
JPMORGAN CHASE BANK
B&H-PC UPGRADES
$545.25
JPMORGAN CHASE BANK
CAMFIL-HVAC FILTERS
$335.22
JPMORGAN CHASE BANK
COX-INTERNET
$510.00
JPMORGAN CHASE BANK
INTERSTATE -BATTERIES
$138.00
JPMORGAN CHASE BANK
LOCKE-BULBS
$60.24
JPMORGAN CHASE BANK
LOWES-CAN LIGHT
$122.88
JPMORGAN CHASE BANK
LOWES-CLEANING SUPP
$169.20
JPMORGAN CHASE BANK
LOWES-DISINFECT SPRAY
$29.94
JPMORGAN CHASE BANK
LOWES-DOOR KICK
$27.16
JPMORGAN CHASE BANK
LOWES-GRINDING WHEEL
$52.98
JPMORGAN CHASE BANK
LOWES-MAGNET
$14.98
JPMORGAN CHASE BANK
LOWES-OC THRESHOLD
$33,98
JPMORGAN CHASE BANK
LOWES-OLD CENTRAL
$189.38
JPMORGAN CHASE BANK
LOWES-PAINT SUPPLIES
$21.44
JPMORGAN CHASE BANK
LOWES-PROPANE TANK
$67.98
JPMORGAN CHASE BANK
LOWES-SNOW SHOVELS
$49.96
JPMORGAN CHASE BANK
LOWES-STEELWOOL
$9.96
JPMORGAN CHASE BANK
OFFICE DEPOT -CARD STK
$11.29
JPMORGAN CHASE BANK
OFFICE DEPOT-CRD STK
$11.29
JPMORGAN CHASE BANK
OFFICE DEPOT -SUPPLIES
$12.67
JPMORGAN CHASE BANK
SAMS-GLASS CLEANER
$31.92
JPMORGAN CHASE BANK
SAMS-SUPPLIES
$297.44
JPMORGAN CHASE BANK
SAMS-TOILET PAPER
$53.66
JPMORGAN CHASE BANK
SECONDARY -LEAK REPAIR
$1,100.00
UNIFIRST HOLDINGS LP
UNIFORMS
$138.05
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
BUILDING MAINTENANCE -Total
$7,297.40
JPMORGAN CHASE BANK
GREENHILL-CONCRETE
$1,235.50
JPMORGAN CHASE BANK
HOME DEPOT -FORM BOARD
$83.14
JPMORGAN CHASE BANK
HOME DEPOT -FORMS
$78.75
JPMORGAN CHASE BANK
HOME DEPOT-REBAR
$59.70
JPMORGAN CHASE BANK
LOWES-LOCTITE GRAB
$130.90
1
Claims List - 01/21/2025
Fund Vendor Name Payable Description Payment
Amount
01 GENERAL JPMORGAN CHASE BANK TWIN CITIES -CONCRETE $825.00
CEMETERY WALL REPLACEMENT -Total
$2,412.99
ENTERPRISE FM TRUST
JAN FLEET LEASE
$1,173.62
FLEETCOR TECHNOLOGIES
DEC FUEL
$145.44
JPMORGAN CHASE BANK
AMAZON -DIFFUSER
$326.23
JPMORGAN CHASE BANK
AMAZON -DIFFUSER OIL
$67.33
JPMORGAN CHASE BANK
AMAZON -PLIERS
$86,86
JPMORGAN CHASE BANK
AMAZON -TIRE PLUG
$64.45
JPMORGAN CHASE BANK
AMAZON -UNIFORM HAT
$20.95
JPMORGAN CHASE BANK
GORUCK-SAFETY BOOTS
$156.00
JPMORGAN CHASE BANK
HOME DEPOT -BATTERIES
$21.22
JPMORGAN CHASE BANK
HOME DEPOT-MISC SUPP
$110.75
JPMORGAN CHASE BANK
MIDWEST VET-MED ITEMS
$328.10
JPMORGAN CHASE BANK
WALMART-BATTERY
$121.76
JPMORGAN CHASE BANK
WATERSTONE-DRY CLEAN
$40.20
JPMORGAN CHASE BANK
ZOETIS-MEDICAL ITEMS
$73.00
VERIZON WIRELESS
WIRELESS CONNECTION
$120.07
GEN ANIMAL CONTROL -Total
$2,855.98
BILLY BASORE
NOVEMBER DIRT
$65.00
JPMORGAN CHASE BANK
BROWN FARMS -SOD
$80.00
JPMORGAN CHASE BANK
LOWES-GLUE
$14.98
JPMORGAN CHASE BANK
NTE-SAFETY COATS
$59.99
JPMORGAN CHASE BANK
WHITE CAP -WINTER WEAR
$29.99
UNIFIRST HOLDINGS LP
UNIFORM SERVICES
$19.20
GEN CEMETERY -Total $269.16
JPMORGAN CHASE BANK AMAZON -YOGA BLOCKS $38.97
GEN COMM CTR DONATIONS -Total
$38.97
JPMORGAN CHASE BANK
AMAZON-C BATTERIES
$21.79
JPMORGAN CHASE BANK
AMAZON -CARD SHUFFLER
$22.99
JPMORGAN CHASE BANK
AMAZON -COFFEE CREAMER
$60.10
JPMORGAN CHASE BANK
AMAZON-MOUSE/SNUFF
$30.98
JPMORGAN CHASE BANK
AMAZON -TRASH BAGS
$70.45
JPMORGAN CHASE BANK
CAMFIL-HVAC FILTERS
$133.44
JPMORGAN CHASE BANK
CINTAS-PAPER PROD
$1,180.62
JPMORGAN CHASE BANK
CINTAS-RUGS
$1,053.69
JPMORGAN CHASE BANK
COX-WIFI
$180.00
JPMORGAN CHASE BANK
HOME DEPOT -SHED
$798.00
JPMORGAN CHASE BANK
LUNCHEON EXP 11119
$73.11
JPMORGAN CHASE BANK
ONG-GAS USAGE
$1,104.47
JPMORGAN CHASE BANK
PIKEPASS-FEES
$9.00
JPMORGAN CHASE BANK
QUIT BUGGIN-PEST
$95.00
2
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
01 GENERAL JPMORGAN CHASE BANK
SAMS-CUPS
$59.96
JPMORGAN CHASE BANK
SAMS-LUNCHEON
$136.14
JPMORGAN CHASE BANK
SECONDARY -SCAN
$750.00
JPMORGAN CHASE BANK
SUMMIT FIRE -PANEL
$962.00
JPMORGAN CHASE BANK
WALMART-LUNCHEON
$15.78
SUMNERONE INC
BASE RATE
$104.00
SUMNERONE INC
COPIER LEASE
$132.50
GEN COMMUNITY CENTER -Total
$6,994.02
ENTERPRISE FM TRUST
JAN FLEET LEASE
$3,470.20
FLEETCOR TECHNOLOGIES
DEC FUEL
$236.25
INCOG
3RD QUARTER DUES
$7,555.00
JPMORGAN CHASE BANK
CHAMBER -BANQUET
$120.00
JPMORGAN CHASE BANK
LEE -LEGAL NOTICES
$143.73
JPMORGAN CHASE BANK
LISA SHARP -UNIFORMS
$149.00
JPMORGAN CHASE BANK
SOUTH CENTRAL -DUES
$50.00
JPMORGAN CHASE BANK
USACCESS-REGISTRATION
$150.00
TREASURER PETTY CASH
SVC OK -TAG
$20.50
TULSA COUNTY CLERK
LEGAL RECORDINGS
$80.00
VERIZON WIRELESS
WIRELESS CONNECTION
$293.31
GEN COMMUNITY DEVELOPMENT -Total
$12,267.99
JPMORGAN CHASE BANK
AMAZON -PRIME RENEW
$14.99
JPMORGAN CHASE BANK
AMAZON -REFUND
($14.99)
JPMORGAN CHASE BANK
AMAZON -STORAGE SHELF
$189.96
JPMORGAN CHASE BANK
AMAZON -SUPPLIES
$35.52
JPMORGAN CHASE BANK
DOLLAR GENERAL -PARADE
$7.00
JPMORGAN CHASE BANK
FACEBOOK-FACEBOOK ADS
$12.49
JPMORGAN CHASE BANK
OFFICE DEPOT -PARADE
$37.49
JPMORGAN CHASE BANK
SAVON-PARADE BANNERS
$100.00
GEN CULTURE & RECREATION -Total
$382.46
JPMORGAN CHASE BANK
COSTAR -LICENSE
$5,400.00
JPMORGAN CHASE BANK
SOUTHERN ECON-RENEW
$350.00
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
GEN ECONOMIC DEV -Total
$5,790.01
ENTERPRISE FM TRUST
JAN FLEET LEASE
$586.81
JPMORGAN CHASE BANK
ASSOC OF EMERG-REFUND
($675.00)
JPMORGAN CHASE BANK
COX -CABLE
$412.94
JPMORGAN CHASE BANK
LODGING REF 11/16-21
($248.46)
JPMORGAN CHASE BANK
SUMNER-PRINTER
$163.90
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
GEN EMERG PREPAREDNESS -Total
$280.20
3
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
01 GENERAL ENTERPRISE FM TRUST
JAN FLEET LEASE
$2,033.97
FLEETCOR TECHNOLOGIES
DEC FUEL
$160.67
JPMORGAN CHASE BANK
BESTBUY-WEBCAM
$56.99
JPMORGAN CHASE BANK
ENGINEERSUP-ROVER ROD
$286.94
UNIFIRST HOLDINGS LP
UNIFORM SERVICES
$37.13
UNITED STATES CELLULAR
CELL PHONES
$44.22
CORPORATION
VERIZON WIRELESS
WIRELESS CONNECTION
$80.02
GEN ENGINEERING -Total
$2,699.94
JPMORGAN CHASE BANK
AMAZON -BINDERS
$99.69
JPMORGAN CHASE BANK
AMAZON -DATE STAMP
$10.14
JPMORGAN CHASE BANK
AMAZON -OFFICE CHAIR
$169.99
JPMORGAN CHASE BANK
AMAZON -SCISSORS
$14.00
JPMORGAN CHASE BANK
AMAZON -TAPE
$17.50
JPMORGAN CHASE BANK
B&H-PC UPGRADES
$1,56026
JPMORGAN CHASE BANK
GOVT FIN-GFOA APP FEE
$610.00
JPMORGAN CHASE BANK
OFFICE DEPOT -TAPE
$2.99
GEN FINANCE -Total
$2,484.57
ELIZABETH ANNE CHILDS
CODIFICATION
$615.00
ELIZABETH ANNE CHILDS
EXPUNGEMENTS
$690.00
ENTERPRISE FM TRUST
JAN FLEET LEASE
$1,208.61
FLEETCOR TECHNOLOGIES
DEC FUEL
$24.32
GRAND GATEWAY ECO. DEV. ASSC.
PELIVAN TRANSIT
$6,047.50
INCOG
LEGISLATIVE FEES
$1,718.75
JPMORGAN CHASE BANK
AMER WASTE-DUMPSTER
$124.92
JPMORGAN CHASE BANK
ASCAP-FEES
$445.00
JPMORGAN CHASE BANK
ONG-GAS USAGE
$2,318.04
JPMORGAN CHASE BANK
PIKEPASS-FEES
$9.00
JPMORGAN CHASE BANK
SAMS-COFFEE CUPS
$59.78
JPMORGAN CHASE BANK
SESAC-DUES
$1,217.00
JPMORGAN CHASE BANK
USPS-POSTAGE
$8.80
LEE BHM CORP
NEWSPAPER LEGAL
$473.69
SUMNERONE INC
2ND FLOOR COPIER
$579.46
SUMNERONE INC
MAIL ROOM COPIER
$235.22
TULSA COUNTY CLERK
LEGAL RECORDINGS
$62.00
GEN GENERAL GOVERNMENT -Total
$15,837.09
JPMORGAN CHASE BANK
AMAZON-HDMI PLATE
$14.95
JPMORGAN CHASE BANK
AMAZON -TV CABLES
$49.95
JPMORGAN CHASE BANK
AMAZON -TV SUPPLIES
$94.05
JPMORGAN CHASE BANK
BEST BUY -TV
$399.99
JPMORGAN CHASE BANK
ONG-GAS USAGE
$357.04
4
Fund
01
Claims List - 01/21/2025
Vendor Name
GENERAL JPMORGAN CHASE BANK
JPMORGAN CHASE BANK
JPMORGAN CHASE BANK
Payable Description Payment
Amount
SAMS-TV MOUNT $99.98
WOOT-SOUND BAR $185.15
WOOT-TAX REFUND ($15.16)
GEN HISTORICAL MUSEUM -Total $1,185.95
JPMORGAN CHASE BANK SAVON-CHARCTR BANNRS $400.00
GEN HR - CHAR INITIATIVE -Total
$400.00
AMERICANCHECKED INC ATTN: BILLING
BACKGROUND CHECKS
$125.05
JPMORGAN CHASE BANK
ACCESS MED-TEST
$1,810.00
JPMORGAN CHASE BANK
AMAZON -BOOKS
$489.52
JPMORGAN CHASE BANK
AMAZON -LAPTOP RAM
$343.58
JPMORGAN CHASE BANK
AMAZON -LAPTOP SSDS
$169.9B
JPMORGAN CHASE BANK
CHAMBER -BANQUET
$120.00
JPMORGAN CHASE BANK
CUTTER&BUCK-UNIFORMS
$254.75
JPMORGAN CHASE BANK
DELL -LAPTOP ACCESS
$94.69
JPMORGAN CHASE BANK
DELL -LAPTOP DOCKS
$487.50
JPMORGAN CHASE BANK
DELL -LAPTOPS
$2,705.26
JPMORGAN CHASE BANK
DELL -MONITORS
$301.86
JPMORGAN CHASE BANK
FACEBOOK-ADVERTISE
$19.52
JPMORGAN CHASE BANK
GIANT OS-TNG PLATFORM
$899.49
JPMORGAN CHASE BANK
HRM INSIDER-OSHATNG
$199.00
JPMORGAN CHASE BANK
INDEED -RESUME SEARCH
$120.00
JPMORGAN CHASE BANK
MCAFEE&TAFT-LEGAL
$420.00
JPMORGAN CHASE BANK
PSHRA-CP RECERT
$250.00
JPMORGAN CHASE BANK
SAVON-ENVELOPES
$310.00
JPMORGAN CHASE BANK
STRATA -MAGAZINE
$1,096.71
GEN HUMAN RESOURCES -Total
$10,216.91
CHICKASAW TELECOM INC
PHONE SUPPORT
$153.75
DIG[ SECURITY SYSTEMS
AVIGILON BULLET CAMERA RE
$1,396.69
JPMORGAN CHASE BANK
AMAZON -CRADLE PTPSU
$72.00
JPMORGAN CHASE BANK
AMAZON -HARD DRIVE
$81.68
JPMORGAN CHASE BANK
AMAZON -STAMP
$13.84
JPMORGAN CHASE BANK
BEST BUY -THUMB DRIVE
$5.99
JPMORGAN CHASE BANK
BEST BUY -THUMB DRIVES
$17.97
JPMORGAN CHASE BANK
BEST BUY -UPS
$194.99
JPMORGAN CHASE BANK
COX-INTERNET
$1,666.63
JPMORGAN CHASE BANK
DELL -LAPTOP
$1,847.14
JPMORGAN CHASE BANK
DELL -SERVER
$4,129.70
JPMORGAN CHASE BANK
EBAY-LAPTOP
$17.98
JPMORGAN CHASE BANK
GODADDY-SSL RENEWAL
$899.98
JPMORGAN CHASE BANK
GODADDY-WEBSITE RENEW
$44.34
JPMORGAN CHASE BANK
HOME DEPOT -KEY SET
$19.97
A
Claims List - 01/21/2025
Fund Vendor Name Payable Description Payment
Amount
01 GENERAL JPMORGAN CHASE BANK INTERSTATE -BATTERIES $16.90
JPMORGAN CHASE BANK LUNCHEON 11/25 $110.38
JPMORGAN CHASE BANK WALMART-LABLE TAPE $24.98
VERIZON WIRELESS WIRELESS CONNECTION $252.06
GEN INFORMATION TECH -Total
$10,966.97
AMAX SIGN COMPANY, INC
NAME PLATE -A HADDAWAY
$59.90
ENTERPRISE FM TRUST
JAN FLEET LEASE
$1,019.57
FLEETCOR TECHNOLOGIES
DEC FUEL
$92.53
JPMORGAN CHASE BANK
AMAZON-EMP RELAT
$62.08
JPMORGAN CHASE BANK
AMAZON-EMPY APP
$8.99
JPMORGAN CHASE BANK
AMAZON -SIGN HOLDER
$23.99
JPMORGAN CHASE BANK
AMAZON -STAMP REFILL
$12.54
JPMORGAN CHASE BANK
AMAZON -WRIST REST
$9.79
JPMORGAN CHASE BANK
BAILEY RANCH-EMP RELA
$29.36
JPMORGAN CHASE BANK
CHAMBER -FEES
$540.00
JPMORGAN CHASE BANK
CHAMBER -STATE OF CITY
$960.00
JPMORGAN CHASE BANK
EPIC-EMBRIODERY
$63.00
JPMORGAN CHASE BANK
ERRONEOUS CHARGE
($281.62)
JPMORGAN CHASE BANK
ICSC-DUES
$125.00
JPMORGAN CHASE BANK
LANDS END -SHIRT
$24.47
JPMORGAN CHASE BANK
MEETING EXP 12/11
$244.80
JPMORGAN CHASE BANK
MEETING EXP 12112
$137.00
JPMORGAN CHASE BANK
MEETING EXP 12123
$35.96
JPMORGAN CHASE BANK
MEETING EXP 12/24
$38.96
JPMORGAN CHASE BANK
NOTHING SUNDT-EMP APP
$45.36
JPMORGAN CHASE BANK
OWASSO SWEETS-EMP APP
$50.00
JPMORGAN CHASE BANK
SAMS-CC PARADE
$306.26
JPMORGAN CHASE BANK
SAMS-EMPY APP
$65.81
JPMORGAN CHASE BANK
SAMS-SUPPLIES
$28.96
JPMORGAN CHASE BANK
THE OK -DUES
$300.00
JPMORGAN CHASE BANK
TTC-EMPY APP
$75.00
JPMORGAN CHASE BANK
WAREHOUSE -COUNCIL
$40.56
GEN MANAGERIAL -Total
$4,118.27
JPMORGAN CHASE BANK
LOWES-HARDWARE
$4.14
JPMORGAN CHASE BANK
WAREHOUSE -STAMP
$29.86
SUMNERONE INC
COPIER COURT
$24.49
SUMNERONE INC
COPIER SERVICES
$22.96
TRAVELERS CASUALTY INSURANCE
NOTARY MCALISTER
$30.00
GEN MUNICIPAL COURT -Total $111.45
ACTION PLUMBING & SEWER COMPANY OFFICE WATER LEAK REP $391.63
INC
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
01 GENERAL CITY OF OWASSO
WATER SERVICE
$490.00
ENTERPRISE FM TRUST
JAN FLEET LEASE
$2,358.32
FLEETCOR TECHNOLOGIES
DEC FUEL
$501.47
JPMORGAN CHASE BANK
ADT-ALARM SYST
$53.45
JPMORGAN CHASE BANK
ATWOOD-GFCI
$7.99
JPMORGAN CHASE BANK
C&C-TP DISPENSERS
$361.48
JPMORGAN CHASE BANK
CORNERSTONE -BULBS
$29.98
JPMORGAN CHASE BANK
CORNERSTONE-GFCI
$31.34
JPMORGAN CHASE BANK
CORNERSTONE-GFCI ZIP
$50.24
JPMORGAN CHASE BANK
CORNERSTONE-WEEN CRL
$41.97
JPMORGAN CHASE BANK
JAN[ KING -JANITORIAL
$1,229.00
JPMORGAN CHASE BANK
ONG-GAS USAGE
$160.29
JPMORGAN CHASE BANK
ZW USA -DOG WASTE BAGS
$390.00
UNIFIRST HOLDINGS LP
PARKS STAFF UNIFORMS
$61.56
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
GEN PARKS -Total
$6,198.73
JPMORGAN CHASE BANK
AMAZON -WINDOW COVERS
$79.99
JPMORGAN CHASE BANK
WALMART-PRISON BOARD
$261.64
GEN POLICE COMMUNICATIONS -Total
$341.63
BLUE ENERGY FUELS LLC
DEC CNG FUEL
$78.39
ENTERPRISE FM TRUST
JAN FLEET LEASE
$4,698,64
FLEETCOR TECHNOLOGIES
DEC FUEL
$1,600.09
JPMORGAN CHASE BANK
ACADEMY -BOOTS
$129.99
JPMORGAN CHASE BANK
AMAZON -STORAGE BAGS
$136.32
JPMORGAN CHASE BANK
ATWOOD-ZIPTIES
$47.96
JPMORGAN CHASE BANK
GREEN ACRE -SOD
$560.00
JPMORGAN CHASE BANK
LISA SHARP -SAFETY HAT
$200.00
JPMORGAN CHASE BANK
NTE-SAFETY COATS
$119.98
JPMORGAN CHASE BANK
WHITE CAP -WINTER WEAR
$120.06
SPIRIT LANDSCAPE MANAGEMENT LLC
96TH ST LANDSCAPE
$267.70
SPIRIT LANDSCAPE MANAGEMENT LLC
MAIN ST LANDSCAPE
$443.46
UNIFIRST HOLDINGS LP
UNIFORM SERVICES
$189.27
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
GEN STORMWATER •Total
$8,631.87
AEP/PSO
STREET LIGHTS
$10.92
TREASURER PETTY CASH
CC DEP REF-ENDEX
$50.00
TREASURER PETTY CASH
CC DEP REF -GARRISON
$50.00
TREASURER PETTY CASH
CC DEP REF-KITCH
$50.00
TREASURER PETTY CASH
CC DEP REF-MCCORMICK
$100.00
TREASURER PETTY CASH
CC DEP REF-MCVEY
$100.00
TREASURER PETTY CASH
CC DEP REF-POPER
$50.00
7
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
01 GENERAL TREASURER PETTY CASH
CC DEP REF -RAY
$50.00
TREASURER PETTY CASH
CC DEP REF -SITTER
$100.00
TREASURER PETTY CASH
CC DEP REF-VANDIVER
$50.00
TREASURER PETTY CASH
UMP DEP REF-ANDERSON
$60.00
TREASURER PETTY CASH
LIMP DEP REF-BARHAM
$60,00
TREASURER PETTY CASH
LIMP DEP REF -DEAN
$60.00
TREASURER PETTY CASH
LIMP DEP REF-GREGG
$60.00
TREASURER PETTY CASH
LIMP DEP REF-HAMPTON
$60.00
GENERAL -Total
$910.92
GH2 ARCHITECTS LLC
SPORTS PARK RR REMODEL
$2,443.92
SPORTS PARK RESTROOM IMPR -Total
$2,443.92
GENERAL -Total
$105,137.40
20 AMBULANCE SERVICE EXCELLANCE, INC
M3 REPAIR
$564.82
FLEETCOR TECHNOLOGIES
DEC FUEL
$2,987.34
JPMORGAN CHASE BANK
BOUND TREE -SUPPLIES
$1,982.39
JPMORGAN CHASE BANK
CAPITAL WASTE -MEDICAL
$339.20
JPMORGAN CHASE BANK
LIFE ASSIST-RFND SUPP
($4,582.31)
JPMORGAN CHASE BANK
LIFE ASSIST -SUPPLIES
$4,905.26
JPMORGAN CHASE BANK
LODGING EXP 11/10-14
$2,689.50
JPMORGAN CHASE BANK
MC PROTO-LICENSE
$146.16
JPMORGAN CHASE BANK
MEDLINE-SUPPLIES
$1,220.60
JPMORGAN CHASE BANK
OREILLY-M2 BRK FLUID
$29.33
JPMORGAN CHASE BANK
OREILLY-M3 BULB
$8.73
JPMORGAN CHASE BANK
SUMNER-ST4 CLR COPIES
$14.58
JPMORGAN CHASE BANK
TRAVEL EXP 1214-9
$92.50
JPMORGAN CHASE BANK
ULINE-MED RM ORGANIZE
$515.75
JPMORGAN CHASE BANK
ZOLL-SUPPLIES
$7,151.87
SKYLINE PHARMACEUTICALS INC
MED SUPPLIES
$1,044.54
STRYKER MEDICAL
M4 COT REPAIR
$1,762.00
STRYKER MEDICAL
X-RSTRNTS AND MATRSS
$4,250.52
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
AMBULANCE -Total
$25,162.79
REPUBLIC RECOVERY SERVICES INC
COLLECTION SERVICES
$126.00
TREASURER PETTY CASH
AMB REF-PORTMAN
$20.40
AMBULANCE SERVICE -Total
$146.40
WILLIAM A HARRISON INC
STt COILS
$4,935.00
FIRE STAT#1 RENOVATION -Total
$4,935.00
JPMORGAN CHASE BANK
AMAZON -SURGE PROTECT
$30.58
JPMORGAN CHASE BANK
B&H-RAM&HDD
$254.46
JPMORGAN CHASE BANK
DELL -MONITORS
$603.72
13
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
20 AMBULANCE SERVICE FIRE STAT #2 RENOVATION -Total
$888.76
AMBULANCE SERVICE -Total
$31,132.95
21 E-911 COX COMMUNICATIONS
T7 CIRCUITS
$229.00
JPMORGAN CHASE BANK
AMAZON -CALCULATOR
$38.45
JPMORGAN CHASE BANK
BIDDLE CONSULT-LIC
$1,095.00
JPMORGAN CHASE BANK
PMUSA-PARKING
$3.50
LANGUAGE LINE SERVICES
TRANSLATION SERVICE
$58.88
THOMAS ALAN HOFFMANN
NEW HIRE TESTING
$250.00
25
27
VERIZON WIRELESS
WIRELESS CONNECTION
$40.01
E911 COMMUNICATIONS -Total
$1,714.84
E-911 -Total
$1,714.84
HOTELTAX
JPMORGAN CHASE BANK
GREAT SOUTH-WEBSITE
$500.00
HOTEL TAX ECON DEV -Total
$500.00
FLEETCOR TECHNOLOGIES
DEC FUEL
$43.81
JPMORGAN CHASE BANK
AMAZON -DESK LAMP
$58.48
JPMORGAN CHASE BANK
MCALISTERS-VOL FOOD
$202.95
JPMORGAN CHASE BANK
PIKEPASS-FEES
$10.60
JPMORGAN CHASE BANK
WALMART-MTG TABLEWARE
$8.73
JPMORGAN CHASE BANK
WALMART-VOL BAGS
$14.70
STRONG NEIGHBORHOODS -Total
$339.27
HOTELTAX -Total
$83827
STORMWATER MANAGEMENT
MESHEK & ASSOCIATES, P.L.C.
ENGINEERING SERVICES
$1,726.40
GARNETT CULVERT IMPROV -Total
$1,726.40
MESHEK & ASSOCIATES, P.L.C.
DRAINAGE REVIEW
$24,626.50
HALE ACRES DRAINAGE IMPRO -Total
$24,626.50
ELLIS CONCRETE CONSTRUCTION LLC
HONEY CREEK CHANNEL
$16,962.50
REHAB
HONEY CREEK CHANNEL REHAB -Total
$16,962.50
ENTERPRISE FM TRUST
JAN FLEET LEASE
$1,041.60
JPMORGAN CHASE BANK
A.S. DESIGNS -SIGNS
$240.00
JPMORGAN CHASE BANK
AMAZON -STORAGE BAGS
$45.44
JPMORGAN CHASE BANK
ATWOOD-TRASH BAGS
$84.95
JPMORGAN CHASE BANK
ATWOOD-TRASH GRABBERS
$228.85
JPMORGAN CHASE BANK
B&H-LT MOUNT
$216.74
JPMORGAN CHASE BANK
BROWN FARMS -SOD
$15.00
JPMORGAN CHASE BANK
BUMPER -FUEL STABILIZE
$19.99
JPMORGAN CHASE BANK
CORE&MAIN-6' PROBE
$193.68
JPMORGAN CHASE BANK
CORE&MAIN-MARK FLAGS
$100.00
JPMORGAN CHASE BANK
CORE&MAIN-STRONG PLUG
$135.00
JPMORGAN CHASE BANK
EQUIP ONE -BUGGY
$165.00
i%7
Claims List - 01/21/2025
Fund
Vendor Name
Payable Description
Payment
Amount
27 STORMWATER MANAGEMENT
JPMORGAN CHASE BANK
EQUIP ONE -REFUND
($55.00)
JPMORGAN CHASE BANK
FENSCO-MARMAC COUPLER
$347.16
JPMORGAN CHASE BANK
FENSCO-PIPE BAND
$194.73
JPMORGAN CHASE BANK
HOME DEPOT -FORM BOARD
$51.32
JPMORGAN CHASE BANK
LOT 109-PARKING FEE
$20.00
JPMORGAN CHASE BANK
LOWES-ANCHORS
$147.32
JPMORGAN CHASE BANK
LOWES-ANCHORS REFUND
($54.98)
JPMORGAN CHASE BANK
LOWES-FENCE PICKETS
$6.90
JPMORGAN CHASE BANK
LOWES-LUMBER
$63.52
JPMORGAN CHASE BANK
LOWES-PVC CAPS
$6.56
JPMORGAN CHASE BANK
NTE-SAFETY COATS
$59.99
JPMORGAN CHASE BANK
QUIKSERVICE-PIPE
$364.50
JPMORGAN CHASE BANK
TWIN CITIES -FLOW FILL
$276.00
JPMORGAN CHASE BANK
TWIN CITIES-FLOWABLE
$272.00
JPMORGAN CHASE BANK
WHITE CAP -WINTER WEAR
$180.04
LOT MAINTENANCE OF OKLAHOMA, INC.
LAWN MAINTENANCE
$2,564.00
MESHEK & ASSOCIATES, P.L.C.
DRAINAGE REVIEW
$4,536.25
TREASURER PETTY CASH
SVC OK-ST SWEEPER TAG
$46.00
UNIFIRST HOLDINGS LP
UNIFORM SERVICES
$13.02
UNITED STATES CELLULAR
CELL PHONES
$44.22
CORPORATION
STORMWATER-STORMWATER -Total
$11,569.80
STORMWATER MANAGEMENT
-Total
$54,885.20
31 AMBULANCE CAPITAL
TREASURER PETTY CASH
AMB REF-PORTMAN
$3.60
AMBULANCE CAPITAL -Total
$3.60
ZOLL MEDICAL CORP
AUTOPULSE LEASE
$19,917.44
AMBULANCE CAPITAL FD -Total
$19,917.44
AMBULANCE CAPITAL -Total
$19,921.04
34 VISION TAX
DOERNER, SAUNDERS, DANIEL &
CONDEMNATION SMALYGO
$264.00
GRADE LINE CONSTRUCTION
CONSTRUCTION SERVICES
$89,215A3
96TH-BRIDGE TO 129TH -Total
$89,479.13
VISION TAX - Total
$8947y 13
37 SALES TAX FIRE
JPMORGAN CHASE BANK
UNIFORMS
$3,652.08
ARPA-CHEROKEE NATION -Total
$3,652.08
CITY OF OWASSO
WATER SERVICE
$80.50
CONRAD FIRE EQUIPMENT INC.
E2, TW4 REPAIRS
$5,799.85
ENTERPRISE FM TRUST
JAN FLEET LEASE
$5,264.85
FLEETCOR TECHNOLOGIES
DEC FUEL
$2,404.15
JPMORGAN CHASE BANK
AL FIRE-INVSTGR CLASS
$600.00
JPMORGAN CHASE BANK
AMAZON-AXEL REPAIR
$169.99
10
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
37 SALES TAX FIRE JPMORGAN CHASE BANK
AMAZON -DRUM REPAIR
$76.71
JPMORGAN CHASE BANK
AMAZON -FLEET TOOLS
$120.69
JPMORGAN CHASE BANK
AMAZON -PULL CARD
$6.99
JPMORGAN CHASE BANK
AMAZON -REFUND
($31.99)
JPMORGAN CHASE BANK
AMAZON -SCREEN PROTECT
$6.99
JPMORGAN CHASE BANK
AMAZON -WATER TET KIT
$26.95
JPMORGAN CHASE BANK
AMER WASTE-ST4 TRASH
$172.41
JPMORGAN CHASE BANK
ATWOOD-ST4 TOOL RM
$11.98
JPMORGAN CHASE BANK
AUTOZONE-FD5 PARTS
$5.21
JPMORGAN CHASE BANK
CAMFIL-HVAC FILTERS
$278.80
JPMORGAN CHASE BANK
CARHARTT-COVERALLS
$101.84
JPMORGAN CHASE BANK
CARHARTT-TAX REFUND
($8.34)
JPMORGAN CHASE BANK
CHEWY-K9 FOOD
$56.05
JPMORGAN CHASE BANK
CONRAD FIRE -PUMP TEST
$1,925.00
JPMORGAN CHASE BANK
DELL -LAPTOP
$1,182.74
JPMORGAN CHASE BANK
EBAY-BATTERY BACKUPS
$75.00
JPMORGAN CHASE BANK
EMTEC-ST1 PEST
$315.00
JPMORGAN CHASE BANK
EMTEC-ST4 PEST CTRL
$310.00
JPMORGAN CHASE BANK
ESO-CONFERENCE
$999.00
JPMORGAN CHASE BANK
HAHN-DISHWASHER
$569.00
JPMORGAN CHASE BANK
HOME DEPOT-ST SUPP
$488.05
JPMORGAN CHASE BANK
IAFC-DUES
$140.25
JPMORGAN CHASE BANK
JOHNSON FIT -PT EQUIP
$3,777.14
JPMORGAN CHASE BANK
LIBERTYFLAGS-STt FLAG
$1.272.00
JPMORGAN CHASE BANK
LIGHTHOUSE-GRD PANTS
$128.10
JPMORGAN CHASE BANK
LOCKE-AIR FILTERS
$140,90
JPMORGAN CHASE BANK
LOWES-DRAIN REPAIR
$78.49
JPMORGAN CHASE BANK
LOWES-FILTERS
$11.94
JPMORGAN CHASE BANK
MEETING EXP 12/19
$162.95
JPMORGAN CHASE BANK
MENS WH-UNIFORMS
$886.41
JPMORGAN CHASE BANK
MESM/ARREN-NEW HIRES
$4,234.87
JPMORGAN CHASE BANK
NAFECO-HELMET LIGHT
$134.81
JPMORGAN CHASE BANK
NAFECO-TRNG FOAM
$1,425.00
JPMORGAN CHASE BANK
NAFECO-UNIFORM
$2,367.53
JPMORGAN CHASE BANK
NALCO-ST4 BOILER
$275.00
JPMORGAN CHASE BANK
NSC-4GAS LEL SHIP
$34.41
JPMORGAN CHASE BANK
OFFICE DEPOT -SUPPLIES
$54.13
JPMORGAN CHASE BANK
OK POLICE -LT UPGRADES
$38.00
JPMORGAN CHASE BANK
OK POLICE-UNI MAINT
$695.92
JPMORGAN CHASE BANK
OK POLICE -UPDATES
$598.92
JPMORGAN CHASE BANK
ONG-GAS USAGE
$3,558.85
11
Claims List - 01/2112O25
Fund Vendor Name
Payable Description
Payment
Amount
37 SALES TAX FIRE JPMORGAN CHASE BANK
OREILLY-E3 COOLANT
$31.98
JPMORGAN CHASE BANK
OREILLY-FD5 PARTS
$8.99
JPMORGAN CHASE BANK
OREILLY-OIL FILT CASC
$8.81
JPMORGAN CHASE BANK
OREILLY-SO2 REPAIRS
$9.98
JPMORGAN CHASE BANK
OREILLY-TW4 WIPERBLDS
$61.17
JPMORGAN CHASE BANK
OVERHEAD-ST3 DOORS
$262.50
JPMORGAN CHASE BANK
PET SUPPLIES-K9 FOOD
$139.96
JPMORGAN CHASE BANK
PIKEPASS-FEES
$48.20
JPMORGAN CHASE BANK
PSN-ST4 WATER
$117.65
JPMORGAN CHASE BANK
SAFE KIDS -SEAT TECH
$110.00
JPMORGAN CHASE BANK
SAMS-OPP SUPPLIES
$191.76
JPMORGAN CHASE BANK
SAMS-RCRUIT MATERIAL
$37.36
JPMORGAN CHASE BANK
SAMS-RENEWAL
$290.00
JPMORGAN CHASE BANK
SAMS-STATION SUPP
$489.36
JPMORGAN CHASE BANK
SAMS-TRNG REHAB
$18.96
JPMORGAN CHASE BANK
SUMNER-ST4 COPIER
$160.27
JPMORGAN CHASE BANK
T&W TIRE-TW4 TIRES
$2,001.60
JPMORGAN CHASE BANK
TIMETOSHINE-FLEET
$157.00
JPMORGAN CHASE BANK
TRAVEL EXP 12110-16
$133.29
JPMORGAN CHASE BANK
TRAVEL EXP 12/4-9
$146.35
JPMORGAN CHASE BANK
TTC-AWARDS CEREMONY
$2,498.00
JPMORGAN CHASE BANK
WATERSTONE-UNI MAINT
$46.98
KEVINS WHOLESALE LLC
NEW HIRE UNIFORMS
$2,074.64
PERSIMMON RIDGE LLC
NEW HIRE TRNG RETREAT
$894.00
TIMMONS OIL COMPANY
DEF ST4 AND ST1
$468.84
VERIZON WIRELESS
WIRELESS CONNECTION
$2,090.45
SALES TAX FUND -FIRE -Total
$53,521.14
SALES TAX FIRE -Total
$57,173.22
38 SALES TAX POLICE JPMORGAN CHASE BANK
LOWES-FORM BOARDS
$806.76
JPMORGAN CHASE BANK
LOWES-LUMBER
$169.28
P.D. MULTI -USE STRUCTURE -Total
$976.04
BOARD OF TESTS FOR ALCOHOL & DRUG
ENROLLMENT FEE
$192.00
CITY OF OWASSO
WATER SERVICE
$38.50
ENTERPRISE FM TRUST
JAN FLEET LEASE
$2,943.77
FLEETCOR TECHNOLOGIES
DEC FUEL
$10,835.28
JPMORGAN CHASE BANK
ACADEMY -ARMORER ITEMS
$81.47
JPMORGAN CHASE BANK
ACADEMY -FIREARMS
$49.98
JPMORGAN CHASE BANK
AMAZON -BATTERIES
$215.81
JPMORGAN CHASE BANK
AMAZON -BOOK
$20.05
JPMORGAN CHASE BANK
AMAZON -BRAKE PADS
$674.99
JPMORGAN CHASE BANK
AMAZON -CARD READERS
$96.50
12
Fund
38 SALES TAX POLICE
Claims List - 01/21/2025
Vendor Name
Payable Description Payment
Amount
JPMORGAN CHASE BANK
AMAZON -COFFEE ITEMS
$31.68
JPMORGAN CHASE BANK
AMAZON -DESK CALENDARS
$19.82
JPMORGAN CHASE BANK
AMAZON -HEATER
$101.12
JPMORGAN CHASE BANK
AMAZON -KEYBOARD COMBO
$198.59
JPMORGAN CHASE BANK
AMAZON -MOP BUCKET
$51.00
JPMORGAN CHASE BANK
AMAZON -MOUSE PAD
$17.39
JPMORGAN CHASE BANK
AMAZON -NEW HIRE EQUIP
$596.70
JPMORGAN CHASE BANK
AMAZON -PAPER TOWELS
$164.49
JPMORGAN CHASE BANK
AMAZON -TISSUE
$89.20
JPMORGAN CHASE BANK
AMAZON -UNIFORM PINS
$13.93
JPMORGAN CHASE BANK
AMAZON -VEHICLE LIGHTS
$86.37
JPMORGAN CHASE BANK
AMER WASTE-DUMPSTER
$148.24
JPMORGAN CHASE BANK
B&H-HARD DRIVE
$172.47
JPMORGAN CHASE BANK
CAMFIL-HVAC FILTERS
$196.20
JPMORGAN CHASE BANK
COMPLIANCE -PHYSICALS
$1,240.00
JPMORGAN CHASE BANK
COUNCIL ON LAW-CLEET
$25.69
JPMORGAN CHASE BANK
DELL -COMPUTER
$899.77
JPMORGAN CHASE BANK
DELL -MONITORS
$332.34
JPMORGAN CHASE BANK
DELL -SOUND BAR
$31.34
JPMORGAN CHASE BANK
EBAY-BATTERY BACKUPS
$150.00
JPMORGAN CHASE BANK
ELITE DETAILING-VEH
$185.00
JPMORGAN CHASE BANK
FAM ANIMAL-K9 MEDICAL
$761A1
JPMORGAN CHASE BANK
FBI LEEDA-TRAINING
$3,180.00
JPMORGAN CHASE BANK
GALLS -EQUIPMENT
$256.59
JPMORGAN CHASE BANK
GODADDY-WEBSITE RENEW
$203.88
JPMORGAN CHASE BANK
GT DIST-FIREARMS
$1,863.50
JPMORGAN CHASE BANK
HOME DEPOT-WTR SOFTEN
$23.91
JPMORGAN CHASE BANK
HOMEDEPOT-GEN COVER
$36.98
JPMORGAN CHASE BANK
HOMEDEPOT-GENERATOR
$1,999.00
JPMORGAN CHASE BANK
LA POLICE GEAR -SWAT
$662.83
JPMORGAN CHASE BANK
LOCKE-GFI TIMER
$124.46
JPMORGAN CHASE BANK
LOCKE-TOILET REPAIR
$19.26
JPMORGAN CHASE BANK
LODGING EXP 12115-20
$470.00
JPMORGAN CHASE BANK
LODGING EXP 1218-13
$470.00
JPMORGAN CHASE BANK
LODGING EXP 1219-11
$214.04
JPMORGAN CHASE BANK
LOWES-MISC SUPPLIES
$167.88
JPMORGAN CHASE BANK
LOWES-SUPPLIES
$26.42
JPMORGAN CHASE BANK
MAGIC REFRIGE-ICE MAC
$191.48
JPMORGAN CHASE BANK
MIDWAYUSA-SCOPE BASE
$96.97
JPMORGAN CHASE BANK
OFFICE DEPOT -CALENDAR
$67.08
JPMORGAN CHASE BANK
OFFICE DEPOT -PRINTER
$474.96
13
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
38 SALES TAX POLICE JPMORGAN CHASE BANK
OK POLICE -BEANIES
$359.80
JPMORGAN CHASE BANK
OK157-VEHICLE DETAIL
$22.00
JPMORGAN CHASE BANK
OKGOV-SERVICE FEE
$2.62
JPMORGAN CHASE BANK
ONG-GAS USAGE
$2,196.81
JPMORGAN CHASE BANK
OREILLY-BATTERY
$241.99
JPMORGAN CHASE BANK
OREILLY-COFE CHG REF
($22.00)
JPMORGAN CHASE BANK
PAYPAL-EQUIPMENT
$65.89
JPMORGAN CHASE BANK
PILOT INST-RIDDLE TNG
$149.00
JPMORGAN CHASE BANK
RAY ALLEN-COLLAR ITEM
$66.96
JPMORGAN CHASE BANK
RAY ALLEN-K9 EQUIPMT
$79.99
JPMORGAN CHASE BANK
RMA-TOLL FEE
$4.81
JPMORGAN CHASE BANK
SAMS-KITCHEN ITEMS
$213.94
JPMORGAN CHASE BANK
SAMS-MONITOR
$139.00
JPMORGAN CHASE BANK
SAMS-TRASH BAGS
$67.92
JPMORGAN CHASE BANK
SHINE FACTORY-VEH DET
$140.00
JPMORGAN CHASE BANK
SPECIAL OPS-EQUIPMENT
$2,350.67
JPMORGAN CHASE BANK
SPECIAL OPS-PATCHES
$171.98
JPMORGAN CHASE BANK
SUMNER-COPIER LEASE
$424.00
JPMORGAN CHASE BANK
SUMNER-COPIER RENTAL
$157.28
JPMORGAN CHASE BANK
THOMSON WEST -SOFTWARE
$544.40
JPMORGAN CHASE BANK
TINT SHOP -WINDOWS
$500.00
JPMORGAN CHASE BANK
WATERSTONE-DRY CLEAN
$614.00
REX M SCISM
TRAINING DET. SMITH
$399.00
TREASURER PETTY CASH
SVC OK-DURANGO TAGS
$230.00
VERIZON WIRELESS
WIRELESS CONNECTION
$5,538.40
SALES TAX FUND -POLICE -Total
$45,858.80
SALES TAX POLICE -Total
$46,834.84
39 SALES TAX STREETS AEP/PSO
STREET LIGHTS
$8,481.29
BILLY BASORE
NOVEMBER DIRT
$65.00
BLUE ENERGY FUELS LLC
DEC CNG FUEL
$143.23
FLEETCOR TECHNOLOGIES
DEC FUEL
$1,574.77
JPMORGAN CHASE BANK
ADV WORKZONE-CONES
$4.200.00
JPMORGAN CHASE BANK
AMAZON -CABLE TIES
$154.74
JPMORGAN CHASE BANK
AMAZON -LUBRICANT
$39.68
JPMORGAN CHASE BANK
ANCHOR STONE -ROCK
$833.77
JPMORGAN CHASE BANK
APAC-ASPHALT
$1,024.02
JPMORGAN CHASE BANK
APAC-COLD PATCH
$686.55
JPMORGAN CHASE BANK
ATWOOD-FILTER CAP
$13.49
JPMORGAN CHASE BANK
ATWOOD-PROPANE TORCH
$50.96
JPMORGAN CHASE BANK
ATWOOD-SAFETY BOOTS
$129.99
JPMORGAN CHASE BANK
ATWOOD-SAW BLADE
$16.99
14
Fund
39 SALES TAX STREETS
Claims List - 01/21/2025
Vendor Name
Payable Description
Payment
Amount
JPMORGAN CHASE BANK
ATWOOD-TRASH GRABBERS
$59.96
JPMORGAN CHASE BANK
ATWOOD-ZIPTIES
$164.90
JPMORGAN CHASE BANK
CORE&MAIN-WRENCH
$39.34
JPMORGAN CHASE BANK
CRAFCO-HI-VIZ HOODIE
$55.00
JPMORGAN CHASE BANK
DIRECT TRAFFIC -CONES
$1,624.75
JPMORGAN CHASE BANK
GREENHILL-CONCRETE
$367.00
JPMORGAN CHASE BANK
HOBBY LOBBY -GARLAND
$7.49
JPMORGAN CHASE BANK
HOBBY LOBBY-NDL ART
$19.13
JPMORGAN CHASE BANK
HOME DEPOT -FORM BOARD
$255.98
JPMORGAN CHASE BANK
HOME DEPOT -FORM STAKE
$26.94
JPMORGAN CHASE BANK
HOME DEPOT -RAKE
$64.95
JPMORGAN CHASE BANK
HOME DEPOT -SHOVELS
$79.96
JPMORGAN CHASE BANK
HOME DEPOT -STAKES
$26.94
JPMORGAN CHASE BANK
LISA SHARP -SAFETY HAT
$200.00
JPMORGAN CHASE BANK
LOCKE-FUSES
$111.23
JPMORGAN CHASE BANK
LOWES-BUCKET
$4.98
JPMORGAN CHASE BANK
LOWES-CABLE TIES
$37.94
JPMORGAN CHASE BANK
LOWES-FORM BOARDS
$182.67
JPMORGAN CHASE BANK
LOWES-LUMBER
$311.11
JPMORGAN CHASE BANK
LOWES-ORANGE FLOOR
$89.86
JPMORGAN CHASE BANK
LOWES-SAW BLADE
$202.54
JPMORGAN CHASE BANK
LOWES-SHEETING
$99.26
JPMORGAN CHASE BANK
LOWES-TARPS
$138.20
JPMORGAN CHASE BANK
LOWES-TRAY LINER
$2.98
JPMORGAN CHASE BANK
LOWES-WHITE PAINT
$49.98
JPMORGAN CHASE BANK
OFFICE DEPOT -BOARD
$54.72
JPMORGAN CHASE BANK
OREILLY-ANTIGEL
$262.76
JPMORGAN CHASE BANK
OREILLY-LURE & GREASE
$20.98
JPMORGAN CHASE BANK
OREILLY-RATCHET STRAP
$49.99
JPMORGAN CHASE BANK
PINKLEY-PORT SDLC
$1,331.64
JPMORGAN CHASE BANK
PINKLEY-SIGN CONTROLL
$1,523.00
JPMORGAN CHASE BANK
ROADSAFE-CONES
$1,753.62
JPMORGAN CHASE BANK
ROADSAFE-SANDBAGS
$157.20
JPMORGAN CHASE BANK
VANCE BROS-TACK OIL
$168.30
JPMORGAN CHASE BANK
WHITE CAP -SAW BLADES
$816.78
JPMORGAN CHASE BANK
WHITE CAP -WINTER WEAR
$120.06
PINKLEY SALES
EX CONTROLLER REPAIR
$598.00
PINKLEY SALES
SIGNAL REPAIR
$925.00
TLS GROUP INC
JAN MONTHLY MAINT
$1,465.00
TLS GROUP INC
RESET LIGHT POLES
$5,250.00
UNIFIRST HOLDINGS LP
UNIFORM SERVICES
$232.28
15
Claims List - 01/21/2025
Fund
Vendor Name
Payable Description
Payment
Amount
39 SALES TAX STREETS
VERIZON WIRELESS
WIRELESS CONNECTION
$120.03
WORLEYS GREENHOUSE & NURSERY, INC
TREE REPLACEMENT
$1,256.57
WORLEYS GREENHOUSE & NURSERY, INC
TREE REPLACEMENTS
$7,689.60
SALES TAX FUND -STREETS -Total
$45,433.10
SALES TAX STREETS
- Total
$45,433.10
40 CAPITAL IMPROVEMENTS
KIMLEY-HORN AND ASSOCIATES INC
DESIGN SERVICES
$75,460.00
86TH & 161ST INTERSECTION - Total
$75,460.00
DOERNER, SAUNDERS, DANIEL &
CONDEMNATION LAMBERT
$99.00
CIP 1061129 INTERSECT IMP -Total
$99.00
JPMORGAN CHASE BANK
TINT SHOP -WINDOWS
$60.00
CIP POLICE VEHICLES -Total
$60.00
MTC TULSA LLC
CONSTRUCTION SERVICES
$582,084.97
PUBLIC WORKS FACILITY -Total
$582,084.97
GRADE LINE CONSTRUCTION
CONSTRUCTION SERVICES
$279,258.44
STREET REHAB FY23-24 -Total
$279,258.44
CAPITAL IMPROVEMENTS
-Total
$936,962.41
70 FLEET MAINTENANCE
CROW BURLINGAME COMPANY
AIR FILTER
$60.62
CROW BURLINGAME COMPANY
BATTERY
$834.04
CROW BURLINGAME COMPANY
BRAKES, ROTORS, PADS
$464.68
CROW BURLINGAME COMPANY
CHO MARINE
$124.44
CROW BURLINGAME COMPANY
CONTOUR BLADE
$119.92
CROW BURLINGAME COMPANY
POLE RV BLADE
$69.95
CROW BURLINGAME COMPANY
PUSH PULL
$24.25
CROW BURLINGAME COMPANY
RELAY
$17.86
CROW BURLINGAME COMPANY
STOP TAIL
$48.46
JPMORGAN CHASE BANK
AMAZON-BLK VINYL
$21.00
JPMORGAN CHASE BANK
AMAZON -CARBURETOR
$25.99
JPMORGAN CHASE BANK
AMAZON -DECK SCREWS
$49.94
JPMORGAN CHASE BANK
AMAZON -OILY RAG BIN
$126.57
JPMORGAN CHASE BANK
AMAZON-POTA POWER
$174.41
JPMORGAN CHASE BANK
AMAZON -PUMP SEALS
$49.60
JPMORGAN CHASE BANK
AMAZON -ROLL CART
$140.00
JPMORGAN CHASE BANK
AMAZON -TRAILER KIT
$41.39
JPMORGAN CHASE BANK
AMAZON -VINYL
$20.83
JPMORGAN CHASE BANK
AMAZON -VINYL DECAL
$15.04
JPMORGAN CHASE BANK
BEST CHOICE -GLASS REP
$1,311.30
JPMORGAN CHASE BANK
BRUCKNER-CNTRL VALVE
$75.59
JPMORGAN CHASE BANK
CAS-GIAG SOFTWARE
$1,295.00
JPMORGAN CHASE BANK
HESSELBEIN-TIRES
$279.00
JPMORGAN CHASE BANK
HOLT TRUCK -CAB MOUNT
$62.62
IET
Claims List - 01/21/2025
Fund Vendor Name
Payable Description
Payment
Amount
70 FLEET MAINTENANCE JPMORGAN CHASE BANK
HOLT TRUCK -TRUCK REP
$697.96
JPMORGAN CHASE BANK
HOME DEPOT -PLYWOOD
$199.92
JPMORGAN CHASE BANK
IMPERIAL-FAB PARTS
$73.17
JPMORGAN CHASE BANK
IMPERIAL -TERMINALS
$278.02
JPMORGAN CHASE BANK
JIM GLOVER -ALTERNATOR
$509.25
JPMORGAN CHASE BANK
JIM GLOVER -TAG LAMPS
$67.88
JPMORGAN CHASE BANK
OFFICE DEPOT -STAMP
$39.98
JPMORGAN CHASE BANK
ONG-GAS USAGE
$1,049.45
JPMORGAN CHASE BANK
QUIKSERVICE-STEEL REP
$122.03
JPMORGAN CHASE BANK
ROCK AUTO-BPP SENSOR
$42.78
JPMORGAN CHASE BANK
ROCK AUTO -CYLINDER
$382.78
JPMORGAN CHASE BANK
ROCK AUTO -FUEL
$33.78
JPMORGAN CHASE BANK
ROCK AUTO -STOCK ORDER
$472.53
JPMORGAN CHASE BANK
ROCK AUTO -TUNE UP
$308.46
JPMORGAN CHASE BANK
SOUTHERN TIRE -TIRES
$2,470.79
JPMORGAN CHASE BANK
SPEEDTECH-LIGHT BAR
$388.60
JPMORGAN CHASE BANK
UNITED FORD -DOOR LATC
$131.00
JPMORGAN CHASE BANK
UNITED -ALTERNATOR
$874.09
JPMORGAN CHASE BANK
WELDON-LIGHTING
$173.25
JPMORGAN CHASE BANK
WHITE STAR -FILTER
$132.60
JPMORGAN CHASE BANK
YELLOW HOUSE -SHOCKS
$269.30
UNIFIRST HOLDINGS LP
UNIFORMS
$177.39
VEHICLE MAINTENANCE -Total
$14,347.51
FLEET MAINTENANCE -Total
$14,347.51
76 WORKERS' COMP SELF -INS ARTHUR J GALLAGHER
EX WORKERS COMP AUDIT
$25,825.00
CITY OF OWASSO IMPREST ACCOUNT
WORKERS COMP CLAIMS
$4,719.52
OK TAX COMMISSION SPECIAL TAX UNIT
MITFASSESSMENTS
$3,720.54
UNITED SAFETY 8, CLAIMS INC
WORKERS COMP SVC FEE
$1,658.33
WORKERS' COMP SELF -INS -Total
$35,923.39
WORKERS' COMP SELF -INS -Total
$35,923.39
77 GENERAL LIABILITY-PROPERT ELIZABETH ANNE CHILDS
LITIGATION
$900.00
MICHAEL C WACKENHUTH
ESTIMATE
$235.00
GEN LIAB-PROP SELF INS -Total
$1,135.00
GENERAL LIABILITY-PROPERT - Total
$1,135.00
78 HEALTHCARE SELF INS FUND FIRST RESPONDER SUPPORT SERVICES
BEHAVIOR HEALTH SVCS
$25,505.22
JPMORGAN CHASE BANK
DOLLAR GEN-STRSS AWRN
$11.36
JPMORGAN CHASE BANK
LUNCHEON 12I11
$167.14
JPMORGAN CHASE BANK
PATH OF HOPE -SPEAKER
$250.00
WELLNESS -Total
$25,933.72
HEALTHCARE SELF INS FUND -Total
$25,933.72
17
Fund
Claims List - 01/21/2025
Vendor Name Payable Description Payment
Amount
City Grand Total $1,466.853.02
IN
0P;'dr56_ I �__
TO: The Honorable Mayor and City Council
FROM: Earl Farris, Project Administrator
SUBJECT: Acceptance of the Garnett Culvert Improvement Project and authorization for Final
Payment
DATE: January 16, 2025
BACKGROUND:
In June 2024, City Council approved a project with Diversified Civil Contractors, LLC in the amount of
$689,885.00 for work on the drainage structures under North Garnett Road. The project increased the
capacity of the storm box culverts, south of East 96th Street North just upstream of the Garnett
Regional Detention Pond. Increased capacity prevents North Garnett Road from overtopping in a
100-year storm and reduces the flooding of private property caused by the culvert restriction.
Work included:
• Removal of the concrete roadway above the existing structures
• Placement of an additional concrete drainage structure
• Re-routing incoming storm drainage piping coming into the structure
• Replacing the concrete roadway above the new structure
In January 2025, all work is complete and meets the standards for acceptance. If authorized, the
final payment of $30,128.74 to Diversified Civil Contractors LLC, will result in a final contract amount of
$602,574.70; a contract underrun of $87,310.30.
FUNDING:
Funding is available in the Stormwater Fund Budget.
RECOMMENDATION:
Staff recommends acceptance of the construction project and authorization for the final payment
to Diversified Civil Contractors, LLC of Broken Arrow, Oklahoma in the amount of $30,128.74,
ATTACHMENTS:
Site Map
Final Pay Documents
v f3770
� lOt1,s'T t7�
PO 20250193
27-370-235-54230 ✓a,A141'.--k
City of Owasso Garnett Culvert Improvements
Pay Application No. 5 - Retainage FTNAL
Project Name: Garnett Culvert Improvements
Contractor: Diversified Civil Conbentars, LLC
This; Partial Payment Esfi nalo InGudae
Contractor lI
Deladed Schedule of Value sho a g Wmk Conine,
x
Cal ifioUon or Contractor
(signature Sheets)
X
Extension of Time Request
x
Invoices for Materials on Hand
x
Submilled bv,:,
Diversified Civil Cantraclars,
LLC
•L
K!A✓K.frLa"12025
Signoturo Dab
Denick Holleman Pro Hamner
Printed Hama Title
Forlhe Paled
Proleal Name:
OwneoY3ener I connecter.
O meyGmn n,li ca taam s Adn.
Conlacti
Contractor.
Cmned.e. Address:
Fmm
1011812024
To 1111al2am In.W.Ne
Gamen Culvert Improvements
City of Owasso
200 S Main Street Owasso, OK 74055
Steven Eaton
Dversified Civil Contractors, LLC
12712 S 193rd East Avenue
Broken Allow, OK 74014
DETAILED ESTIMATE
WORK PERFORMED
It..
No.
Innemo dpllen
Ulna
UnItCnst
Plan
0um5ry
Planed Oast
q
Pnvnuely
Compimed
Completed
"Is Pened
Eamedtllla
Period
Unae To
a..
Earned N Data
Percent
Compkte
ROADWAY:
1
CLEARING AND GRUBBING
( LS
57.00 00
100
S7,00000
1no
am
SOm
1m
S700000
1m D%
2
UNCLASSIFIED EXCAVATION
LS
S17.00000
tm
$17.00000
1N
D.m
WOO
100
51Tm000
tm 0%
3
SWPPP DOCUMENTATION AND MANAGEMENT
LS
53,00000
1m
53.000.m
1m
am
woo
100
S]mOm
100.0%
4
SOLID SLABSOODMG
BY
woo
84500
N.76Dm
84500
am
SOm
845Go
W76000
lao.mA
5
GARNETT ROAD TYPICAL PG CONCRETE SECTION
LS
smomm
iN
$95.01)D.m
iN
am
woo
100
Se 0(00
la0.OR
8
STRUCTURAL EXCAVATION UNCLASSIFIED
CY
54000
45.m
81.110Dm
5625
am
Saw
5825
52290m
125, a%
7
CLSM RACKFILL
CY
S21500
45m
Seen an
W78
am
W00
59.76
$11.56270
1195%
8
PRECAST S'X S RCB
LF
$"an
107.m
S9B3GDm
1a1N
D.m
In an
14700
S9830D00
100 O%
9
PRECAST B'X B RCS
UP
$1.20000
Re GO
s91fim 00
I woo
I am
$ON
6800
1 591GOO an
lom
10
1 CONCRETE SIDEWALK
SY
370GO
109.00
STmOm
11300
1 0.00
sae
11300
1 S791000
1m]%
11
T MNCRETEDRIVEWAY
BY
Stem
93Go
57.905.0
93m
Om
$Om
9300
1 S7.905,N
Imo%
12
MANHOLE IS DIA)
EA
WITO 00
I'm
5S.700.0
im
AGO
$am
1Go
1 2670000,
1030%
13
.ADD'L DEPTH IN MANHOLE IS DWI
VF
Samoa
5m
SAW0.00
Son
am
Sam
Sao
34500013
1000%
14
M'R.C, PIPE CLASS III, WI OMNIFLEX GASKETS. CIP
LF
S3m00
160
59.00.m
16.00
am
Sam
1600
S4.00000
ion"
1S
4' PERFORATED PIPE UNDERDRAIN
UP
52It00
2100
S5.880.00
2lom
am
woo
210m
3586000
1000%
16
REMOVAL OF STRUCTURES AND OBSTRUCTIONS
LS
W.Nom
1N
SM000.00
1.00
am
N00
100
s22.m000
10(0%
17
SAWCUT PAVEMENT
LF
STN
175m
S1.225.m
175m
OW
$000
175.00
51.225m
1N 0%
18
MOBILIZATION
LS
S19mom
IGO
S19.000m
100
am
WOO
1m
steam 00
1mm
19
CONSTRUCTION STAKING LEVELII
LS
S59mm
tm
S5.903.00
100
am
Woo
1.m
55.901)m
tm.5%
m
TYPESCURBRAMP
EA
S1,Smm
1.0
sTswm
1.m
ago
Saco
1.m
51. oO
100.0%
21
URBAN RIGHTOF WAYRESTORATION
LS
KNOW
tm
54.•SOO.m
1,00
am
WOO
1.m
54.Smm
1mm
22
JUNCTION BOXES JBDI
LS
nSW0N
I'm
WILMOO
1.00
am
woo
1.00
526.50000
im-
2]
WEST ENO SECTION ESOI
LS
549.mo.m
1m
54B.Om D0
1,09
Om
Woo
1.09
552.6m 00
IMA%
N
EAST END SECTION ES02
LS
WeGOOGO
tm
464.00,000
1m
0100
Wa0
t.m
E64.00000
1m0%
25
REMOVE AND RESET EXISTING SIGNS
EA
I wego0
1m
S350.00
1m
Om
SOm
1.m
SSW GO
10110%
26
'TRAFFIC STRIPE (PIASRC)(4"WIDE)
UP
1 ST.N
530m
W.710an
1.228GO
am
5000
i'mem
SB,SB200
2]1.3%
27
TRAFFIC STRIPE fPLASTCI(ARROMGI
EA
535000
3N
$low an
5.m
am
SOm
5.00
$1.75000
166.]%
28
TRAFFIC STRIPE fPIAETCIrSYMBOLS)
EAI
31.3m.00
2m
S2.60100
2.0
am
WGO
200
new GO
lm0%
29
CONSTRUCTION TRAFFIC CONTROL
LS
m3.m0.m
IGO
SISOm00
1m
am
SO 00
1m
543.mO.Oo
100.02,
SUB TOTAL5
55e9.885.00
Sm2.570.T0
1
MATERIALS ON HAND
ML MATERIALS USTEDBELOW 15Tn11WOCES ATTACHED
I
wool
SUB TOTALS
E589.0B5.00
JSOZ574.70
PAY ITEMS
ADDED VIA CHANGE OROEMS)
Rena
No.
Item Oezetlp0en
UnRs
UnIt Can
Plan
auantlN
Planned Coll
v
Pnvmusly
Completed
Gov
Competed
Tel.Pea d
Eam.ddds
PcAod(S)
Ory To Oeh
Evead to Dot.
(S)
Pamenl
Complete
SO m
woo
00
DIM
pDIVl01
$0.N
moo
00
SO.m
pDlVlm
m.m
I
Wm
00
a.Vol
Vml
TOTALS
S599,8e5.00
3502.574.701
10Z2%
100,000 00 Allowance
TORTS" -()()I Dtal Contract
115
CERTIFICATE OF CONTRACTOR OR HIS AUTHORIZED REPRESENTATIVE
DIVERSIFIED CIVIL CONTRACTORS, MC
Tu the best of my knowledge and beret, I [edit/ (rated twms, units, quarMlles and porn of wain and mtl•rW akown on qis Pedodlul Edimdeam eOmd; Intl allwaM M1as brn penomwdantl mabrials rppllad In NllaaeMare
with Ihelannsand conditions orme rmspontlln9 mnsWalion tanked Monarch Me core of Owasso, and DNendried CIA Contractors, LLCJtled Jane 4M, gON, antl all aNM1orized changes thetela; Ih lNe following N a real and
comazietemant of Me rntnpamoumup wand Including the last clay olthe period wVend by thin coMe.le and Met —panel Me yelalaMee nl clue" has bun rtetleed:
E602,574 M/
(a) Total amount named
(b)Relainetl OOicanlapo OX
W00
to) Total earned less retained pemenia,c
5602.574 Ta
3572,44597
(d) Total pravlously pald
s3o,12e.m EF
(v Total arnxat due We th"name
I NMerceplyMatallclaims andandin,against OlverslRed CINI Connastm;LLG(Connected forlobaq menMls, and rpentlahloequtpmentsmpleyM in Me performance ofsold eorN+cl Maw Men paldin full In Anne ned win
Me requirements of sald contract except such outstanding claims as an round helewa eron the eea.h.d shock whichalanment cnnWns an aneru agdnd Me contractor which art net yet paid. Including all disputed daFw and any
[oohs m which N< c entrs dar ha er till assets aiw [Jones,
piverslhetl Gnl GV„txdem -- — IrHME Der
to
(Cenlra.tr) (Me)
Total
CERTIFICATE OF THE MANAGER(S) IN CHARGE
Owner/Manager
We unary that. Meevm0lad this periodical Eollman, and Means Me beat of our knowledge and belief it 1%4 We end cored snlwnentof wank tech—" andmat•dan sapplied Myth. codrad. , and that the contmdola conned
sYnmenl M hisons raccoon cod Me amoVRl doe klMM1er Ia eamdandjual' added all work and matetlds included in this Periodical Enfies a have been InfuraemNaneeweM1 the lemn and candRana or Me camiponding
cansbuctlon cammddacumerds and authatlstl changes thereto.
Earl Farris /9/2J Project Admin
(Name) 10 ml Igrl (Tana)
Roger Stevens I I �j l Public Works Director
(Nampl COawl leYl ITNp
MANAGER'S REMARKS:
MT
MATERIALS ON HAND
Parodical Estimate For Partial Pay Application No.
315
EXTENSION OF TIME REQUEST
(subminea with each partial payment appication)
DATE: 11I1812024
CONTRACTOR: Diversified Civil Contractors, LLC
ADDRESS: 12712 S 193rd East Ave Broken Arrow. OK 74011
DESCRIPTION OF CONTRACT: City of Owasso Gamett Culvert Improvements
EXTENSION OF CONTRACT TIME REQUIRED: YES X NO
TOTAL OF EXTENSION TIME REQUESTED:
IF YES GIVE REASON:
SIGNATURE• CONTRACTOR
CONSULTING ENGINEER OR DEPARTMENT OF PUBLIC WORKS STAFF RECOMMENDATIONS
APPROVED: REJECTED:
REASON:
SIGNATURE
DATE
415
AFFIDAVIT OF CLAIMANT
CONTRACTOR'S NAME Diverdfietl GNlCorNedds, LLC OWNER'S NAME CtYNOvresw
12712 S 198rd EaslAvenue 200 S Man Street Owasso, OK 740M
ANDADORESS ANOADORESS
Broken Mow, OK 74014 Clanomm, OK74017
DESCRIPTION
I DATE
AMOUNT
PROJECT Gamotl C.I.41mpmvrmen's
PAY ESTIMATE 5-Refemage
11/18/2024
W.128.74
STATE OF Okleoma )
)SS.
COUNTYOF TUN )
The untlerslgood parson, of tehWUI age, being first duty svmm, on oath says that We Invoke Is We and correct sold Net (s)he Is auMadved to submh Me swim pursuant b a coobad or purchase order.
Afienl further stales Mel Me (woo, smkes ar maledals) as sown by this Invoke have been (completed or supplied) In accordance with the plain, spedicadom, arders, mutawas or cordmd "Shed o
executed by the 9lfianL Alfienl further stales that (a)he has made rw payment dmdly or hu badly N any elected offidal, other or employee aMa City d Owasso or of any pubic trust wherein the City o
Owessa Is benaedary, or money a my oMer Ming of value to obtain payment of Me Invoice orprocom the moored orpurd w orderpursuan I to wbiih an Invoice Is wlsolted.
7Je-g.�yS�lusr¢mwr,
NO2erypgbRe"State ffOkahoma (SIGNATUREOFCONTRAOIDR)
Commlasion # 22012780 Derrick Heineman
MY COmmiSSion EKDirss os-20-2020
(PnI� ImME)
Ro)ed Manager
mcva Seel)
mbefaro file / d•v of ge •Rvspactvaty submtted,
Subscribed and swom ma
NOTARY PUBLIC yf
n
MY COMMISSION EXPIRES �/ 6 .OF%Cow o�
F11
PrintFonn
CONTRACTOR'S FINAL RELEASE AND WAIVER OF LIEN
Project/ Owner Contractor
Project: Garnett Culvert Improvement Project Name: Diversified Civil Contractors, LLC
Address: 200 South Main
Owasso OK 74055
City State Zip Code
Owner: City of Owasso
TO ALL WHOM IT MAY CONCERN:.
Address: 12712 S 193rd East Avenue
Broken Arrow OK 74014
City State Zip Code
Contractor Licence:
Contract Date: 6 / 4 /2024
For good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned Contractor hereby waives, discharges, and releases any and
all liens, claims, and rights to liens against the above -mentioned project, and any and all other
property owned by or the title to which is in the name of the above -referenced Owner and
against any and all funds of the Owner appropriated or available for the
construction of said project, and any and all warrants drawn upon or issued against any such
funds or monies, which the undersigned Contractor may have or may hereafter acquire or
possess as a result of the furnishing of labor, materials, and/or equipment, and the performance
of Work by the Contractor on or in connection with said project, whether under and pursuant to
the above -mentioned contract between the Contractor and the Owner pertaining to said project
or otherwise, and which said liens, claims or rights of lien may arise and exist.
The undersigned further hereby acknowledges that the sum of
$Thirty thousand one hundred twenty eight & 74/100
Dollars ($30.128.74 ) constitutes the entire unpaid balance due the undersigned in
connection with said project whether under said contract or otherwise and that the payment of
said sum to the Contractor will constitute payment in full and will fully satisfy any and all liens,
claims, and demands which the Contractor may have or assert against the Owner in connection
with said contract or project.
Dated this ,�O day of 5arlumty 20 2S
-:�tveUrFreh, ClvlL
Witness to Signature: Contractor Cv%nAp cTeRs,rcca)
/64By: A_>tpey�kr_ HEJrtt fMFAA
Title: TEtS N1a,a%C7eiC
Page 1 of 1
TO:
FROM:
SUBJECT:
DATE:
The Honorable Mayor and City Council
Alexa Beemer, AICP, Planning Manager
Final Plat- Presley Hollow II
January 16, 2025
BACKGROUND:
The Community Development Department received an application for review and approval of
a final plat for Presley Hollow II, a proposed single-family residential subdivision. The subject
property is located east of the northeastern intersection of East 76th Street North and North 145th
East Avenue and is approximately 39.56 +/- acres in size. The property is zoned Residential Single -
Family (RS-3) under the Owasso Planned Unit Development (OPUD 16-04).
SUBJECT PROPERTY/PROJECT DATA
Property Size
39.56 acres +/-
Land Use Master Plan
Residential
Current Zoning
RS-3
Proposed Use
Residential Single -Family
Proposed Lots/Blocks
143 Lots, 5 Blocks
Within a PUD?
Yes; OPUD 16-04
Within an Overlay District?
No
Water Provider
Rogers County Rural Water District #3
Streets
Will be publicly dedicated
Applicable
Paybacks/Fees
Storm Siren Fee ($50.00 per acre)
Elm Creek Sanitary Sewer Relief Area ($1,580.00 per acre)
ANALYSIS:
The subject property was annexed into Owasso City Limits in May of 2016 (Ord. 1077).
• Section 2.3.5 of the Owasso Subdivision Regulations states that any preliminary plat not
receiving subsequent final plat approval within one (1) year shall be considered null and
void.
o The preliminary plat for the subject property was originally approved in August of
2023. However, the applicant did not secure final plat approval for the subject
property within one (1) year; because of this, the approval for the preliminary plat
for this development has lapsed.
o The Owasso Planning Commission approved the preliminary plat for this property
at their regular meeting on January 13, 2025.
The proposed final plat for Presley Hollow II consists of one hundred and forty-three (143)
Lots on five (5) blocks on approximately 39.56 acres, yielding a gross density of 3.61
dwelling units per acre (DU/AC).
o All proposed lots as depicted on this plat meet the bulk and area requirements
stipulated in the Owasso Zoning Code for RS-3 zoned property and the OPUD 16-
04 document.
Page 2
Final Plat- Presley Hollow II
• There are three (3) proposed points of access for this subdivision.
One access point will be off of North 149th East Avenue, connecting into the first
phase of the Presley Hollow neighborhood.
One access point will be off of East 79th Place North, connecting into the
Cornerstone Addition III subdivision.
One access point will be off of North 150th East Avenue, connecting into the
proposed future third phase of the Presley Hollow neighborhood.
• Stormwater detention will be provided for via existing detention ponds to the west of the
subject property that were constructed during Phase I of this neighborhood.
As there are no additional detention ponds proposed with Phase II & III of the
subdivision, this preliminary plat does not depict any Reserve Areas.
• Perimeter and interior utility easements are shown on the plat, and will allow utility
companies adequate access to service the subdivision.
• The City of Owasso will provide police, fire, ambulance, and sanitary sewer services to
the property. Rogers County Rural Water District #3 will provide water services.
• Any development that occurs on the subject property shall adhere to all development,
zoning, and engineering requirements of the City of Owasso.
SURROUNDING ZONING AND LAND USE:
Direction
Zoning
Use
Land Use Plan
Jurisdiction
North
Residential Single -Family (RS-10)
Residential
Residential
Rogers County
South
Residential Single -Family (RS-3)
Residential
Residential
City of Owasso
East
Residential Single -Family (RS-40)
Residential
Residential
Rogers County
West
Residential Single -Family (RS-3)
Residential
Residential
City of Owasso
PLANNING COMMISSION:
The Owasso Planning Commission voted 5-0 to recommend approval of this item, subject to the
construction of a traffic -calming device within the northern -most street, at their regular meeting
on January 13, 2025.
RECOMMENDATION
In developing a recommendation, staff evaluated the final plat on the criteria outlined in
Section 2.4 of the Owasso Subdivision Regulations. Following this evaluation, staff concluded that
the subject plat meets all of the legal requirements for approval.
As such, staff recommends approval of the final plat for Presley Hollow 11.
ATTACHMENTS:
Aerial Map
Final Plat- Presley Hollow 11
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TO: The Honorable Mayor and City Council
FROM: Wendy Kramer, City Planner
SUBJECT: Final Plat — Robinson Industrial Park Phase I
DATE: January 16, 2025
BACKGROUND:
The Community Development Department received an application for review and approval of
a Final Plat for Robinson Industrial Park Phase 1, a proposed mixed -use industrial subdivision. The
subject property is located east of the southeastern corner of the intersection of East 76th Street
North and North Mingo Road.
SUBJECT PROPERTY/PROJECT DATA:
Property Size
23.37 acres +/-
Land Use Master Plan
Indusfral/Regional Employment
Current Zoning
Industrial Light (IL)
Proposed Use
Industrial Flex Space
Proposed Lots/Blocks
9 Lots, 4 Blocks
Within a Planned Unit
Development (PUD)?
No
Within an Overlay District?
No
Water Provider
City of Owasso
Streets
Private
Applicable
Paybacks/Fees
Storm Siren Fee ($50.00 per acre)
Ranch Creek Interceptor Sewer Payback Area ($610.33 per
acre
ANALYSIS:
The subject property was annexed into Owasso City Limits in two pieces — the first with
Ordinance 252 in 1979 and the second with Ordinance 748 in 2003.
• The preliminary plat for this property was approved by the Owasso Planning Commission
in October of 2024.
• The proposed Final Plat for Robinson Industrial Park Phase 1 consists of nine (9) lots on four
(4) blocks for a mixed -use industrial development.
o The proposed lots as depicted on this plat meet the bulk and area requirements
stipulated in the Owasso Zoning Code for IL -zoned property.
• There will be two (2) points of access for this subdivision, both off of East 761h Street North.
These access points do meet the separation requirements outlined in the Owasso Zoning
Code.
• The subject plat depicts one (1) Reserve Area.
Reserve Area will encompass the private streets seen within this proposed
development as well as private stormwater infrastructure.
• Perimeter and interior utility easements are shown on the plat, and will allow utility
companies adequate access to service the subdivision.
Page 2
Final Plat- Robinson Industrial Park Phase t
The City of Owasso will provide police, fire, ambulance, water, and sanitary sewer
services to the property.
Any further development that occurs on the subject property shall adhere to all
development, zoning, and engineering requirements of the City of Owasso.
SURROUNDING ZONING AND LAND USE:
Direction
Zoning
Use
Land Use Plan
Jurisdiction
Public Facilities (PF) /
Public Works
Commercial General
Facility / Mixed
Industrial/Regional
North
(CG) / Commercial High
Commercial &
Employment/
City of Owasso
Intensity (CH) /
Commercial
Industrial Light(IL)Industrial
South
Industrial Light (IL)
Vacant
Industrial/Regional
City of Owasso
Employment
East
Industrial Light (IL)
Railroad
N/A
Railroad Right -of -
Way
West
Industrial Light (IL)
Vacant
Industrial/Regional
City of Owasso
Employment
PLANNING COMMISSION:
The Owasso Planning Commission voted 5-0 to recommend approval of this item at their regular
meeting on January 13, 2025.
RECOMMENDATION:
In developing a recommendation, staff evaluated the final plat on the criteria outlined in
Section 2.4 of the Owasso Subdivision Regulations. Following this evaluation, staff concluded that
the subject plat meets all legal requirements for approval.
As such, staff recommends approval of the final plat for Robinson Industrial Park Phase 1.
ATTACHMENTS:
Aerial Map
Final Plat- Robinson Industrial Park Phase 1
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TO: The Honorable Mayor and City Council
FROM: H. Dwayne Henderson, P.E., City Engineer
SUBJECT: East 86rh Street North, North Main Street to North Garnett Road Widening -
Agreement for Engineering Design Services
DATE: January 16, 2025
BACKGROUND:
• March 2023, Indian Nations Council of Governments (INCOG) opened applications for
the FY 2025 Surface Transportation Block Grant (STBG) funds
• In April 2023, City Council approved a resolution to submit the East 86th Street North,
North Main Street to North Garnett Road Widening Project for Surface Transportation
Block Grant (STBG) funding consideration
• In June 2023, City of Owasso was selected for funding
• Local costs for engineering design is funded in the FY 24-25 budget
• Hudson Prince Engineering & Inspection, PLLC., a firm with a local office and staff of
experienced transportation engineers, was selected to prepare a scope of work and fee
proposal
ENGINEERING AGREEMENT/SCOPE OF WORK:
City staff and Hudson Prince Engineering & Inspection, PLLC., developed a scope of work for the
design project. Design plan submittals will be required at the 30%, 60% and 90% completion
stages and then final plans for bidding once right-of-way is obtained and private utilities are
relocated. The following components are included in the agreement:
• Perform conceptual phase of the widening project
o Perform operational, capacity and level of service analysis on intersection
to warrant signals and lane configurations
• Prepare plans that include:
o Utility relocation design of public utilities
o Traffic Signalization Replacement Plans at the intersections of Main Street
and Garnett Road
o Storm Drainage Improvements
• Prepare Right -of -Way documents
• Coordinate private utility relocations
• Prepare public utility relocation plans
• Prepare bid documents
• Assist with project bidding
• Provide construction assistance
On December 16, 2024, City staff and Hudson Prince Engineering & Inspection, PLLC, negotiated
an engineering service fee. If approved by City Council, the cost of engineering services will be
a lump sum amount of $379,197.00
FUNDING:
Funding is available in the Capital Improvement Fund.
East 86th Street North, North Main Street to North Garnett Road Widening
Agreement for Engineering Design Services
Page 2
A*41191.,i►dd4217_\1WZF
Staff recommends approval of an Agreement for Engineering Services with Hudson Prince
Engineering & Inspection, PLLC, of Owasso, Oklahoma, in the amount of $379,197.00 and
authorization to execute all necessary documents.
ATTACHMENTS:
Location Map
Engineering Agreement/Exhibits
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AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
East 86th Street North, North Main Street to North Garnett Road Improvements
THIS AGREEMENT, made and entered into this day of . 2025 between the
CITY of Owasso, Oklahoma, a Municipal Corporation, of Oklahoma, hereinafter referred to
as CITY, and Hudson Prince Engineering & Inspection, PLLC , hereinafter referred to as
ENGINEER;
WITNESSETH:
WHEREAS, CITY intends to widen and improve East 86th Street North, North Main
Street to North Garnett Road hereinafter referred to as the PROJECT; and,
WHEREAS, CITY requires certain professional services in connection with the PROJECT,
hereinafter referred to as the SERVICES; and,
WHEREAS, ENGINEER, is prepared to provide such SERVICES;
WHEREAS, funding is available for the PROJECT through the Surface Transportation
Program (STP) through FHWA and ODOT;
NOW THEREFORE, in consideration of the promises contained herein, the parties hereto
agree as follows:
1. SCOPE OF PROTECT. The scope of the PROJECT is described in Attachment A,
SCOPE OF PROTECT, which is attached hereto and incorporated by reference as part
of this AGREEMENT.
2. SERVICES TO BE PERFORMED BY ENGINEER. ENGINEER shall perform the
SERVICES described in Attachment B, SCOPE OF SERVICES, which is attached
hereto and incorporated by reference as part of this AGREEMENT.
3. CITY'S RESPONSIBILITIES. CITY shall be responsible for all matters described in
Attachment C, RESPONSIBILITIES OF THE CITY, which is attached hereto and
incorporated by reference as part of this AGREEMENT.
4. COMPENSATION. CITY shall pay ENGINEER in accordance with Attachment D,
COMPENSATION, and further described in Attachment E, FEE/HOUR
BREAKDOWN, which are attached hereto and incorporated by reference as part of
this AGREEMENT.
5. SCHEDULE. ENGINEER shall perform the SERVICES described in Attachment B,
SCOPE OF SERVICES, in accordance with the schedule set forth in Attachment F,
SCHEDULE, attached hereto and incorporated by reference as part of this
AGREEMENT.
6. STANDARD OF PERFORMANCE. ENGINEER shall perform the SERVICES
undertaken in a manner consistent with the prevailing accepted standard for similar
services with respect to PROJECTS of comparable function and complexity and with
the applicable laws and regulations published and in effect at the time of
performance of the SERVICES. The PROJECT shall be designed and Engineered in
a good and workmanlike manner and in strict accordance with this AGREEMENT.
2025,01.10 86TH ST_HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS Gi
All engineering work shall be performed by or under the supervision of Professional
ENGINEERS licensed in the State of Oklahoma, and properly qualified to perform
such engineering services, which qualification shall be subject to review by CITY.
Other than the obligation of the ENGINEER to perform in accordance with the
foregoing standards, no warranty, either express or implied, shall apply to the
SERVICES to be performed by the ENGINEER pursuant to this AGREEMENT or the
suitability of ENGINEER'S work product.
LIMITATION OF RESPONSIBILITY.
7.1. ENGINEER shall not be responsible for construction means, methods,
techniques, sequences, procedures, or safety precautions and programs in
connection with the PROJECT.
7.2. The presence of ENGINEER's personnel at a construction site is for the
purpose of providing to the CITY a greater degree of confidence that the
completed construction work will conform generally to the construction
documents and that the integrity of the design concept as reflected in the
construction documents has been implemented and preserved by the
construction contractor(s).
7.3. In soils, foundation, groundwater, and other subsurface investigations, the
actual characteristics may vary significantly between successive test points
and sample intervals and at locations other than where observations,
exploration, and investigations have been made. Because of the inherent
uncertainties in subsurface evaluations, changed or unanticipated
underground conditions may occur that could affect total PROJECT cost
and/or execution. These conditions and cost/execution effects are not the
responsibility of ENGINEER.
7.4. Record drawings will be prepared, in part, on the basis of information
compiled and furnished by others, and may not always represent the exact
location, type of various components, or exact manner in which the PROJECT
was finally constructed. ENGINEER is not responsible for any errors or
omissions in the information from others that are incorporated into the
record drawings.
7.5. ENGINEER's deliverables, including record drawings, are limited to the
sealed and signed hard copies. Computer -generated drawing files furnished
by ENGINEER are for CITY or others' convenience. Any conclusions or
information derived or obtained from these files will be at user's sole risk.
8. OPINIONS OF COST AND SCHEDULE.
8.1. Since ENGINEER has no control over the cost of labor, materials, equipment,
or services furnished by others, or over contractors', subcontractors', or
vendors' methods of determining prices, or over competitive bidding or
market conditions, ENGINEER'S cost estimates shall be made on the basis of
qualifications and experience as a Professional ENGINEER.
8.2. Since ENGINEER has no control over the resources provided by others to
meet construction contract schedules, ENGINEER'S forecast schedules shall
2025.01AI) 86TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-2
be made on the basis of qualifications and experience as a Professional
ENGINEER.
9. LIABILITY AND INDEMNIFICATION.
9.1. ENGINEER shall defend and indemnify CITY from and against legal liability
for damages arising out of the performance of the SERVICES for CITY,
including but not limited to any claims, costs, attorney fees, or other expenses
of whatever nature where such liability is caused by the negligent act, error,
or omission of ENGINEER, or any person or organization for whom
ENGINEER is legally liable. Nothing in this paragraph shall make the
ENGINEER liable for any damages caused by the CITY or any other
contractor or consultant of the CITY.
9.2. ENGINEER shall not be liable to CITY for any special, indirect or
consequential damages, such as, but not limited to, loss of revenue, or loss of
anticipated profits.
10. CONTRACTOR INDEMNIFICATION AND CLAIMS.
10.1. CITY agrees to include in all construction contracts the provisions of Articles
7.1, and 7.2, and provisions providing contractor indemnification of CITY
and ENGINEER for contractor's negligence.
10.2. CITY shall require construction contractor(s) to name CITY and ENGINEER
as additional insureds on the contractor's general liability insurance policy.
11. COMPLIANCE WITH LAWS. In performance of the SERVICES, ENGINEER shall
comply with applicable regulatory requirements including federal, state, and local
laws, rules, regulations, orders, codes, criteria and standards. ENGINEER shall
procure the permits, certificates, and licenses necessary to allow ENGINEER to
perform the SERVICES. ENGINEER shall not be responsible for procuring permits,
certificates, and licenses required for any construction unless such responsibilities
are specifically assigned to ENGINEER in Attachment B, SCOPE OF SERVICES.
12. INSURANCE.
12.1. During the performance of the SERVICES under this AGREEMENT,
ENGINEER shall maintain the following insurance:
12.1.1. General Liability Insurance with bodily injury limits of not less than
$1,000,000 for each occurrence and not less than $1,000,000 in the
aggregate, and with property damage limits of not less than $100,000
for each occurrence and not less than $100,000 in the aggregate.
12.1.2. Automobile Liability Insurance with bodily injury limits of not less
than $1,000,000 for each person and not less than $1,000,000 for each
accident and with property damage limits of not less than $100,000 for
each accident.
12.1.3. Worker's Compensation Insurance in accordance with statutory
requirements and Employers' Liability Insurance with limits of not
less than $100,000 for each occurrence.
2025,01.10 86TH ST_HUDSON PRINCE -AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS
G3
12.1.4. Errors and Omissions Insurance to remain in effect during the
PROJECT and the term of any legal liability. Errors and Omissions
coverage to be for a minimum of $1,000,000, deductibles subject to
approval by CITY.
12.2. ENGINEER shall furnish CITY certificates of insurance which shall include a
provision that such insurance shall not be canceled without at least 30 days
written notice to the CITY.
13. OWNERSHIP AND REUSE OF DOCUMENTS.
13.1. All documents, including original drawings, estimates, specifications, field
notes and data shall become and remain the property of the CITY.
13.2. CITY'S reuse of such documents without written verification or adaptation
by ENGINEER for the specific purpose intended shall be at CITY'S risk.
14. TERMINATION OF AGREEMENT.
14.1. The obligation to continue SERVICES under this AGREEMENT may be
terminated by either party upon fifteen days written notice in the event of
substantial failure by the other party to perform in accordance with the terms
hereof through no fault of the terminating party.
14.2. CITY shall have the right to terminate this AGREEMENT, or suspend
performance thereof, for CITY'S convenience upon written notice to
ENGINEER; and ENGINEER shall terminate or suspend performance of
SERVICES on a schedule acceptable to CITY. In the event of termination or
suspension for CITY'S convenience, CITY shall pay ENGINEER for all
SERVICES performed to the date of termination in accordance with
provisions of Attachment D, COMPENSATION. Upon restart of a
suspended PROJECT, ENGINEER's contract price and schedule shall be
equitably adjusted.
15. NOTICE.
Any notice, demand, or request required by or made pursuant to this AGREEMENT
shall be deemed properly made if personally delivered in writing or deposited in the
United States mail, postage prepaid, to the address specified below.
To ENGINEER: Hudson Prince Engineering & Inspection, PLLC
202 E. 2nd Avenue, Suite 101
Owasso, OK 74055
Attention: Jerod Wilkins
To CITY: CITY OF OWASSO
P.O. Box 180
Owasso, Oklahoma 74055
Attention: Roger Stevens, Public Works Director
2025.01.10 86TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS CA
15.1. Nothing contained in this Article shall be construed to restrict the
transmission of routine communications between representatives of
ENGINEER and CITY.
16. UNCONTROLLABLE FORCES. Neither CITY nor ENGINEER shall be considered
to be in default of this AGREEMENT if delays in or failure of performance shall be
due to forces which are beyond the control of the parties; including, but not limited
to: fire, flood, earthquakes, storms, lightning, epidemic, war, riot, civil disturbance,
sabotage; inability to procure permits, licenses, or authorizations from any state,
local, or federal agency or person for any of the supplies, materials, accesses, or
services required to be provided by either CITY or ENGINEER under this
AGREEMENT; strikes, work slowdowns or other labor disturbances, and judicial
restraint.
17. SEVERABILITY. If any portion of this AGREEMENT shall be construed by a court
of competent jurisdiction as unenforceable, such portion shall be severed herefrom,
and the balance of this AGREEMENT shall remain in full force and effect.
18. INTEGRATION AND MODIFICATION. This AGREEMENT includes Attachments
A, B, C, D, E, and F and represents the entire and integrated AGREEMENT between
the parties; and supersedes all prior negotiations, representations, or agreements
pertaining to the SCOPE OF SERVICES herein, either written or oral. CITY may
make or approve changes within the general Scope of Services in this AGREEMENT.
If such changes affect ENGINEER's cost of or time required for performance of the
services, an equitable adjustment will be made through an amendment to this
AGREEMENT. This AGREEMENT may be amended only by written instrument
signed by each of the Parties.
19. DISPUTE RESOLUTION PROCEDURE. In the event of a dispute between the
ENGINEER and the CITY over the interpretation or application of the terms of this
AGREEMENT, the matter shall be referred to the CITY's Director of Public Works
for resolution. If the Director of Public Works is unable to resolve the dispute, the
matter may, in the Director's discretion, be referred to the CITY Manager for
resolution. Regardless of these procedures, neither party shall be precluded from
exercising any rights, privileges or opportunities permitted by law to resolve any
dispute.
20. ASSIGNMENT. ENGINEER shall not assign its obligations undertaken pursuant to
this AGREEMENT, provided that nothing contained in this paragraph shall prevent
ENGINEER from employing such independent consultants, associates, and
subcontractors as ENGINEER may deem appropriate to assist ENGINEER in the
performance of the SERVICES hereunder.
21. APPROVAL. It is understood and agreed that all work performed under this
AGREEMENT shall be subject to inspection and approval by the Public Works
Department of the CITY of Owasso, and any plans or specifications not meeting the
terms set forth in this AGREEMENT will be replaced or corrected at the sole expense
of the ENGINEER. The ENGINEER will meet with the CITY staff initially and
monthly thereafter and will be available for public meetings and CITY of Owasso
presentations.
2025.01.10 86TH ST_HUOSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS G5
22. KEY PERSONNEL. In performance of the SERVICES hereunder, ENGINEER has
designated Travis Crowder as PROJECT Manager for the PROJECT. ENGINEER
agrees that no change will be made in the assignment of this position without prior
approval of CITY.
IN WITNESS WHEREOF, the parties have executed this AGREEMENT in multiple copies
on the respective dates herein below reflected to be effective on the date executed by the
Mayor of the CITY of Owasso.
APPROVED:
ENGINEER:
Hudson Prince Engineering & Inspection
M
CITY OF OWASSO, OKLAHOMA
Juliann M. Stevens, City Clerk Alvin Fruga, Mayor
Date
APPROVED AS TO FORM:
Julie Lombardi, City Attorney
2025.01.10 86TH ST_HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS G6
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Scope of PROJECT
Attachment A
SCOPE OF PROTECT. The CITY of Owasso requests Engineering services for the
improvement of 86th Street North between N. Main Street and Garnett Road. This existing
4-lane roadway requires widening to accommodate increasing traffic demands, with a
preferred configuration of at least 5 lanes. The Engineering scope includes evaluating and
recommending cost-effective widening options (to the north, south, or both directions).
Current traffic counts are nearing 20,000 vehicles per day (vpd), and traffic growth is
Projected at 3% annually for the next 20 years. The road serves as a critical connection for
residents and visitors traveling to and from US-169.
SCOPE OF WORK
A. ROADWAY DESIGN AND WIDENING RECOMMENDATIONS
A.1. Alignment Recommendation:
A.1.1. Conduct an analysis to determine the most cost-effective and practical
widening alignment (northward, southward, or both).
A.1.2. Evaluate impacts on existing utilities, structures, and right-of-way.
A.1.3. Provide detailed justification for the recommended alignment.
A.1.4. Conduct traffic analysis for project extents, including intersections.
A.2. Roadway Design:
A.2.1. Develop plans for a 5-lane roadway configuration with appropriate
lane widths, shoulders, and transitions.
A.2.2. Ensure design complies with applicable standards and manuals.
B. PAVEMENT RECOMMENDATIONS
B.I. Pavement Options:
13.1.1. Provide pavement design recommendations for:
13.1.1.1. Concrete Section: Minimum standard of 9" doweled concrete
on 12" Type A aggregate base, on fabric, on 8" Method B
treated subgrade.
B.1.1.2. Asphalt Section: Alternative design to accommodate current
cost considerations.
2025.01.10 86TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-7
13.1.2. Design should consider traffic volumes, ESALs, truck traffic
percentage (10%), and projected growth over 20 years.
C. TRAFFIC SIGNAL MODERNIZATION
C.1. Signal Upgrades:
C.1.1. Redesign traffic signals at Main Street and Garnett Road intersections
to meet the CITY'S current standards.
C.1.2. Integrate radar -controlled systems for traffic detection.
C.1.3. Specify black, matte -finished poles and control cabinets.
C.1.4. Ensure coordination with CITY'S traffic engineering standards.
D. UTILITY COORDINATION
D.1. Water Utility Adjustments:
D.1.1. Evaluate potential impacts to the 12-inch waterline on the north side
of 86th Street North.
D.1.2. Relocate Pressure Reducing Valve (PRV) and check valve as needed
based on alignment.
D.1.3. Assess the 8-inch waterline on the south side for potential relocation.
D.2. Sanitary Sewer Adjustments:
D.2.1. Determine the need for sanitary sewer relocations based on widening
orientation.
D.3. Storm Sewer Adjustments:
D.3.1. Assess existing storm sewer lines and inlets for modifications
required by widening.
DA. Proposed Fiber Conduit:
D.4.1. Design and incorporate 3" HDPE conduit and junction boxes along
the alignment.
D.4.2. Connect to existing conduit at the east side of 1st and Main Streets,
crossing under 86th Street North.
D.5. Private Utilities Coordination:
D.5.1. Identify private utilities in conflict with the PROJECT.
D.5.2. Coordinate relocation corridors and ensure alignment with proposed
improvements.
2025.01.10 66TH ST_HUDSON PRINCE -AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS GB
E. RIGHT-OF-WAY (ROW) ASSESSMENT AND ACQUISITION
E.1. ROW Analysis:
E.1.1. Review existing ROW and assess the need for additional acquisitions.
E.1.2. Minimize ROW acquisition wherever possible.
E.2. ROW Services:
E.2.1. Provide services for ROW acquisition, including coordination with
property Owners and required documentation.
F. SURVEY
F.1. Topographic Survey:
F.1.1. Conduct topographic and ROW surveys for the PROJECT area.
Deliverables
• Detailed analysis and report recommending the preferred widening orientation.
Construction plans and specifications for roadway widening and improvements.
Pavement design recommendations for both concrete and asphalt options.
• Updated traffic signal designs.
• Utility relocation plans and coordination documentation.
• ROW acquisition documents and support materials.
• Subconsuitant reports (surveys, geotechnical findings, traffic studies).
Schedule and Budget
• The selected engineering firm shall provide a proposed PROJECT schedule,
including major milestones and deliverable deadlines.
General Notes
All design work must comply with CITY standards and applicable regulations.
2025.01.10 86TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-9
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Scope of Services
Attachment B
The services to be performed by the ENGINEER under this AGREEMENT will consist of
providing civil engineering services for the SERVICES presented in Attachment A, as
directed by the CITY by a notice to proceed or in a work order.
Further, it is understood and agreed that the date of beginning, rate of progress, and the
time of completion of the work to be done hereunder for each assignment are essential
provisions of this AGREEMENT; and it is further understood and agreed that the work
embraced in this AGREEMENT shall commence upon execution of this AGREEMENT and
receipt of Notice to Proceed. It is further understood that all reviews and conceptual
designs will be prepared in accordance with the CITY of Owasso design criteria and
specifications for construction.
B. Basic Services of ENGINEER. The basic services of the ENGINEER shall include, but
are not limited to the following tasks:
B.1. CONCEPTUAL DESIGN PHASE (30%)
B.1.1. Attend Kickoff Meeting with CITY Staff.
B.1.2. The topographic survey will be provided by the ENGINEER.
B.1.2.1. Horizontal Control is on the North American Datum of 1983
(NSRS2011), in a State Plane Coordinate System (Lambert
Conic Projection in the State of Oklahoma).
B.1.2.2. Vertical Control is on North American Vertical Datum of 1988
(NAVD88).
B.1.2.3. Surface Elevations on a 50' grid.
B.1.2.4. Benchmarks (Min of 2 permanent monuments set).
B.1.2.5. Fence Sizes, Types and Gate Locations.
B.1.2.6. Tree Sizes (Trunk diameter only).
B.1.2.7. Street Names.
B.1.2.8.Outside Edge of Pavement (Shoulder), Edge of Driving Lane.
B.1.2.9. Centerline for all Roadways.
B.1.2.10. Types of Surfaces (Concrete Paving, Asphalt Paving,
Gravel, Grass, etc.).
B.1.2.11. All above ground improvements including visible
Utility services (locates provided by Okie811).
B.1.2.12. Manhole Top of Rim and Flowline Elevations.
2025.01,1066TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-10
B.1.2.13.
Curb inlets, Number of Grates and Hoods, and
Flowline Elevations.
B.1.2.14.
Size, Type, Flowline and Direction of all Pipes within
Structures.
B.1.2.15.
Headwalls or End Sections on Cross Drains.
B.1.2.16.
Size and Type of Cross Drain.
B.1.2.17,
Ditch, Stream and Creek Flowlines.
B.1.2.18.
Building Information, Dimensions, Height.
B.1.2.19.
Finished Floor Elevations.
B.1.2.20.
Retracement of Rights -of -Way and adjacent property
lines.
B.1.2.21.
Private Utility Locates (SUE Level B) for entire length
of project.
B.1.3. Conduct geotechnical investigation for the roadway and provide a
geotechnical report including rigid and flexible pavement design.
B.1.4. Conduct Traffic Analysis
B.1.4.1.Collect Peak AM/PM turning movements at 861h St
intersections at Main, Cedar/Dogwood, and Garnett
intersections.
B.1.4.2. Make site visit to become familiar with existing intersection
and surrounding corridor.
B.1.4.3. Gather historical crash data from CITY and ODOT and
summarize safety concerns.
B.1.4.4. Develop future 2044 design volumes for the intersections.
B.1.4.5. Perform capacity analysis to evaluate the need for turn lanes at
86th & Main.
B.1.4.6. Perform intersection safety and operational analysis to verify
recommended improvements at the North Cedar/Dogwood
intersection (currently offset). Evaluate if a "right-in/right-
out" configuration is needed.
B.1.4.7. Perform study segment operational analysis, capacity and
level of service. Evaluate 5-lane segment and 44ane plus left -
turn bays segment.
B.1.4.8. Prepare a Traffic Memo summarizing the findings of the
traffic study including recommendations for turn lane storage
lengths and signalization modifications, as required.
B.1.4.9.Submit Traffic Memo prior to Conceptual Plans (30%) for
inclusion of recommendations into Conceptual Plans.
2025.01.10 BGTH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-ii
13.1.5. Prepare Conceptual Plans (30%) for the proposed roadway, including
the following items and tasks:
B.1.5.1. Prepare Conceptual Roadway design for the PROJECT.
Conceptual Plans and associated opinions of probable cost for
the recommended improvements.
13.1.5.2. Conduct Hydraulic Model of any culvert crossings.
13.1.5.2.1. Culvert design is not anticipated for this
PROJECT.
B.1.5.3. Prepare conceptual roadway drainage design for the
PROJECT. Drainage design may include both enclosed
stormwater sewer systems and some open ditches.
13.1.5.4. Detailed Water Line design for CITY of Owasso waterlines
and control structures will not be included in Conceptual
Plans, however, a cost for the anticipated water line
relocations will be estimated to be used in the Opinion of
Probable Cost.
13.1.5.4.1. Determine potential utility conflicts for the
waterline and sanitary sewer line based upon
the conceptual roadway.
B.1.5.4.2. Prepare conceptual alignments for the
relocation of the waterline.
B.1.5.5. CITY Sanitary Sewer relocations are anticipated for the
PROJECT.
13.1.5.5.1. Prepare conceptual alignment for sanitary
sewer line.
13.1.5.6. Detailed Signal layout and design will not be included in
Conceptual Plans; however, a cost for signals will be estimated
to be used in the Opinion of Probable Cost.
13.1.6. Utility Coordination
B.1.6.1. Complete field reconnaissance and drive -out.
13.1.6.2. Develop Design Conflict Matrix
13.1.6.3. Review 30% Plans for conflicts.
13.1.6.4. Attend 30% Plan Meeting.
B.1.6.5. Update Design Conflict Matrix to reflect 30% Plans.
13.1.6.6. Submit Plan Review Report
B.1.7. Submit two (2) hard copies and digital files of the Conceptual Plans
(30%) for CITY and ODOT review.
13.1.8. Prepare Conceptual (30%) Opinion of Probable Cost.
2025,01.1086TH ST_HUDSON PRINCE -AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS G12
B.1.9. Attend a 30 % Conceptual Design Review Meeting with CITY and
ODOT.
13.1.10. Address CITY and ODOT comments and finalize Conceptual Plans
and Traffic Memo.
B.2. PRELIMINARY DESIGN PHASE (60%/65%)
B.2.1. Prepare Preliminary Right -of -Way Plans (60%) for the proposed
roadway, including the following items and tasks:
B.2.1.1. Prepare preliminary roadway design for the PROJECT.
13.2.1.2. Culvert design is not anticipated for this PROJECT.
13.2.1.3. Prepare preliminary drainage design for the PROJECT.
B.2.1.4. Prepare preliminary traffic signal design for the PROJECT.
B.2.1.5. Prepare preliminary CITY of Owasso water line and sanitary
sewer relocation plans for the PROJECT.
13.2.1.5.1. Incorporate approved conceptual alignment
into preliminary construction drawings.
B.2.1.5.2. Prepare preliminary gravity sanitary sewer
design.
B.2.1.5.3. Prepare preliminary waterline design.
B.2.1.5.4. Coordinate existing utilities and applicable
extensions.
B.2.1.5.5.
Prepare contract documents and specifications.
B.2.1.5.6.
The construction drawings shall indicate the
proposed right-of-way and easement plan, as
required, and submitted to Owner for review
and approval.
B.2.1.5.7.
Prepare preliminary opinion of probable cost.
B.2.1.5.8.
Deliver three (3) hard copy drawings (llxl7)
and specifications, and electronic PDF format.
B.2.1.5.9.
Prepare and deliver construction drawings to
utility companies. Coordinate with the City and
utility companies. Attend one (1) utility
conference meeting to review preliminary
construction drawings and coordinate
schedules.
B.2.1.5.10.
Attend one (1) review meeting with Owner,
Client, and Stakeholders.
B.2.1.6. Prepare NEPA footprint and coordinate with ODOT
Environmental division.
2026.01.10 86TH ST_HUDSON PRINCE -AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-13
B.2.1.7. Submit ten (10) copies of the Preliminary Plans (60 %) for CITY
and ODOT review.
B.2.1.8. Prepare Preliminary (60%) Opinion of Probable Cost.
B.2.1.9. Provide a 60% Plans set to each utility located within the limits
of the PROJECT.
B.2.1.10. Attend a 60% Review Meeting (Plan -In -Hand Meeting)
B.2.2. Prepare Final Right -of -Way Plans (65%) for the proposed roadway,
including the following items and tasks:
B.2.2.1. Address CITY and ODOT comments from Plan -in -Hand
Meeting.
B.2.2.2. Prepare Right -of -Way acquisition documents for the necessary
parcels on the PROJECT. Up to 16 parcels are anticipated.
Provide Property Reports for all parcels to be acquired, up to
16 ownerships. Provide field staking one time for each parcel
to be acquired, up to 16 parcels. If additional documents,
properties or staking is required beyond the amount included
here, it will be provided as an amendment to this agreement.
B.2.3. Prepare exhibits for and assist with up to (2) Public Meetings. One
Public Meeting is anticipated to be part of the Environmental
Investigation to be performed. Environmental will be performed by
others.
B.2.4. Utility Coordination
B.2.4.1. Provide utility coordination for an anticipated nine (9)
separate utilities.
B.2.4.2. Provide private utility companies copies of the 65% Plans.
B.2.4.3. Review 65% Plans and compare to 30% Plans for conflicts.
B.2.4.4. Prepare and submit a 65% Plan Report.
B.2.4.5. Establish anticipated relocation corridors for relocations.
B.2.4.6. Hold Utility Relocation Coordination Meetings for each utility
company to identify corridors, discuss relocations, and
identify any concerns with the PROJECT.
B.2.4.7. Develop Final Utility Relocation Plans (FURP) for each
affected utility and provide programming estimate of
relocation costs.
B.2.4.8. Issue Work Orders with CITY approval.
B.2.4.9.Obtain, review and submit bid tabulation.
B.2.4.10. Issue and submit Low Bid Concurrence Letter.
2025,01.1086TH ST HUDSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-14
B.3. FINAL DESIGN PHASE & CONSTRUCTION DOCUMENTS (9011o/100%)
B.3.1. Prepare Final Design (90%) and Construction Documents (PS&E,
100%) for the proposed roadway, including the following items and
tasks:
B.3.1.1. Prepare Final roadway design for the PROJECT.
B.3.1.2. Culvert design is not anticipated for this PROJECT.
B.3.1.3. Prepare final drainage design for the PROJECT.
B.3.1.4. Prepare final traffic signal design for the PROJECT.
B.3.1.5. Prepare final water line relocation design for the PROJECT for
CITY owned lines.
B.3.2. Submit ten (10) copies of the Final Plans (90%) for CITY and ODOT
review.
B.3.3. Prepare Final (90%) Opinion of Probable Cost.
B.3.4. Provide a 90% Plan set to each utility located within the limits of the
PROJECT.
B.3.5. Attend a 90% Review Meeting with CITY and ODOT if necessary.
B.3.6. Finalize Construction Documents based on CITY and ODOT
comments
B.3.7. Update ENGINEER'S Opinion of Probable Cost to reflect final
construction documents
B.3.8. Submit five (5) copies of the Construction Documents for CITY
records.
B.3.9. Submit the following PS&E documents to ODOT in ProjectWise for
letting:
B.3.9.1. Submittal Letter
B.3.9.2. Submittal Checklist
B.3.9.3. Estimate in both PDF form and excel
B.3.9.4. Geotechnical Report
B.3.9.5. Plans in both PDF format and .DGN electronic files
B.3.9.6. Notice of Intent to Construct Permit Application
B.3.9.7. Special Provisions
B.3.9.8.404 Permit (By amendment is required, but not anticipated).
BA. COORDINATION AND PERMITS
B.4.1. ENGINEER will furnish the application for the Permit to Construct
for the proposed improvements to ODOT.
B.4.2. A 404 permit is not anticipated for the PROJECT, and will be added
by AMENDMENT to this AGREEMENT if needed.
2025.01.10 86TH ST_HUOSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-15
B.4.3. A CLOMR and LOMR are not anticipated for this PROJECT.
B.4.4. Coordinate with privately owned utilities for said companies to
prepare relocation plans if required. ENGINEER shall establish
relocation corridors for private utility companies. ENGINEER shall
provide plans and information as needed to companies to assist in
their plan preparation. ENGINEER will review relocation plans for
compliance with the PROJECT design. Field verification of relocations
is not part of this AGREEMENT. A written letter verifying no impact
will be required from utility companies within the PROJECT that do
not require relocation. Provide CITY and ODOT Utility Clearance
form for submittal to ODOT verifying Utility"out" date.
B.5. BIDDING PHASE SERVICES
B.5.1. Attend ODOT Pre -Bid Conference
B.5.2. Answer Contractor questions during bidding period
B.5.3. Prepare addenda to Contract Documents
B.6. CONSTRUCTION PHASE SERVICES
B.6.1. It is anticipated that ODOT will administer the construction of the
PROJECT. The ENGINEER shall be responsive and assist ODOT and
the CITY if questions arise throughout construction.
2025.01.10 86TH ST HUOSON PRINCE AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-16
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Responsibilities of the CITY
Attachment C
RESPONSIBILITIES OF THE CITY. The CITY agrees:
CA Reports, Records, etc: To furnish, as required by the work, and not at the expense of
the ENGINEER:
C.1.1 Records, reports, studies, plans, drawings, and other data available in the
files of the CITY that may be useful in the work involved under this
AGREEMENT
C.1.2 Standard construction drawings and standard specifications
C.1.3 ENGINEER will reasonably rely upon the accuracy, timeliness, and
completeness of the information provided by CITY.
C.2 Access: Provide access to public and private property when required in
performance of ENGINEER's services.
C_3 Staff Assistance: Designate the CITY ENGINEER (or another individual designated
in writing) to act as its representative in respect to the work to be performed under
this AGREEMENT, and such person shall have complete authority to transmit
instructions, receive information, interpret and define CITY'S policies and decisions
with respect to materials, equipment, elements and systems pertinent to the services
covered by this AGREEMENT.
C.3.1 Furnish staff assistance in locating, both horizontally and vertically, existing
CITY owned utilities and in expediting their relocation as described in
Attachment A and Attachment B. Further, CITY will furnish assistance as
required in obtaining locations of other utilities, including excavations to
determine depth.
C.3.2 Furnish legal assistance as required in the preparation of bidding,
construction and other supporting documents.
CA Review: Examine all studies, reports, sketches, estimates, specifications, drawings,
proposals and other documents presented by ENGINEER and render in writing
decisions pertaining thereto within a reasonable time so as not to delay the services
of ENGINEER.
2025.01.10 86TH ST HUDSON PRINCE -AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS C-17
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Compensation
Attachment D
COMPENSATION. The CITY agrees to pay, as compensation for services set forth in
Attachment B, the following fees, payable monthly as the work progresses; and within 30
calendar days of receipt of invoice. ENGINEER shall submit monthly invoices based upon
actual hours or work, invoiced according the Rate Schedule provided in ATTACHMENT E,
completed at the time of billing. Invoices shall be accompanied by such documentation as
the CITY may require in substantiation of the amount billed.
D.1 Total Compensation
For the work under this PROJECT the total maximum billing including direct costs
and subconsultant services shall be a Lump Sum of Three Hundred Seventy -Nine
Thousand One Hundred Ninety -Seven Dollars ($379,197.00) which amount shall
not be exceeded without further written authorization by CITY.
D.3 Other Direct Costs
D.3.1 Travel and subsistence shall be compensated for at actual cost. Local travel
by personal or firm automobile shall be compensated for at the rate currently
allowed by the IRS.
D.3.2 Any other direct costs shall be compensated for at actual when authorized in
advance by CITY.
DA Additional Services: Unless otherwise provided for in any accepted and authorized
proposal for additional services, such services shall be compensated for on the same
basis as provided for in Attachment D.
D.5 Terminated Services: If this AGREEMENT is terminated, ENGINEER shall be paid
for services performed to the effective date of termination.
D.6 Conditions of Payment
D.6.1 Progress payments shall be made in proportion to services rendered and
expenses incurred as indicated within this AGREEMENT and shall be due
and owing within thirty days of ENGINEER'S submittal of his progress
payment invoices.
D.6.2 If CITY fails to make payments due ENGINEER within sixty days of the
submittal of any progress payment invoice, ENGINEER may, after giving
fifteen days written notice to CITY, suspend services under this
AGREEMENT.
18
D.6.3 If the PROJECT is delayed, or if ENGINEER'S services for the PROJECT are
delayed or suspended for more than ninety days for reasons beyond
ENGINEER'S control, ENGINEER may, after giving fifteen days written
notice to CITY, request renegotiation of compensation.
19
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Billing Rate Sheet
Attachment E
Sr. Project Manager....................................................................$300.00 I HR
Project Manager..........................................................................$26O.0O1
HR
Sr. Project Engineer....................................................................$260.00
/ HR
Project Engineer ........................................... ..............................
$200.00 / HR
Design Technician......................................................................$150.00
/ HR
CAD Technician..........................................................................$120.00
I HR
1k alin11R
Xerox Copies Letter or Legal ................................................. $0.15 per copy
Xerox Copies Ledger............................................................. $0.25 per copy
PlotPrints.................................................................................$0.75 per S.F.
Color/Mylar Plot Prints..............................................................$1.75 per S.F.
Mileage..................................................................................... IRS Allowable
20
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 86TH STREET NORTH, NORTH MAIN STREET TO NORTH GARNETT ROAD
Schedule
Attachment F
F. SCHEDULE. The schedule for general engineering services for the PROJECT is
provided as follows:
F.1. Notice to Proceed: 02/03/2025
F.2. Substantial Completion: 05/03/2026
Attach Detailed PROJECT Schedule
TO: The Honorable Mayor and City Council
FROM: H. Dwayne Henderson, P.E., City Engineer
SUBJECT: East 96th Street North, North Mingo Road to North Garnett Road Widening -
Agreement for Engineering Design Services
DATE: January 16, 2025
BACKGROUND:
• On August 8, 2023, voters approved making permanent the 55/100ths sales tax
dedicated to street improvements (Transportation Tax Fund)
• One of the projects identified as a priority is the widening of 96th Street North from North
Mingo to North Garnett Road
• Traffic counts, approaching 10,000 vehicles per day, on 961h Street North have steadily
increased over the years as drivers use this section of the roadway to access US Hwy 75
(by way of Mingo Road to 86th Street North) and to access new residential
neighborhoods
• The location of Bailey Elementary contributes to the traffic congestion issues twice a day
as students arrive and depart school
• The addition of the housing area at the northeast corner of 961h Street North and Mingo
has added to the need for additional lanes in the area
• The intersection of 96th Street North and North Mingo Road will also be improved and the
offset west leg modified to improve traffic flow
ENGINEERING AGREEMENT/SCOPE OF WORK:
City staff and Garver, LLC., developed a scope of work for the design project. Design plan
submittals will be required at the 30%, 60% and 90% completion stages and then final plans for
bidding once right-of-way is obtained and private utilities are relocated. The following
components are included in the agreement:
• Perform conceptual phase of the widening project
• Perform operational, capacity and level of service analysis on intersection to
warrant signals and lane configurations
• Prepare plans that include:
o Utility relocation design of public utilities
o Road widening of 96th Street North and at the intersection of East 961h
Street North and North Mingo Road
o Traffic Signalization Plans
o Storm Drainage Improvements
• Prepare Right -of -Way documents
• Coordinate private utility relocations
• Prepare public utility relocation plans
• Preparing bid documents
• Assist with project bidding
• Provide construction assistance
East 96th Street North, North Mingo Road to North Garnett Road Widening
Agreement for Engineering Design Services
Page 2
On December 16, 2024, City staff and Garver, negotiated an engineering service fee. If
approved by City Council, the cost of engineering services will be a lump sum amount of
$635,500.00.
FUNDING:
Funding is available in the Transportation Tax Fund.
RECOMMENDATION:
Staff recommends approval of an Agreement for Engineering Services with Garver, LLC, of Tulsa,
Oklahoma, in the amount of $635,500.00, and authorization to execute all necessary
documents.
ATTACHMENTS:
Location Map
Engineering Agreement/Exhibits
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
THIS AGREEMENT, made and entered into this day of . 2025 between the
City of Owasso, Oklahoma, a Municipal Corporation, of Oklahoma, hereinafter referred to
as CITY, and Garver LLC hereinafter referred to as
ENGINEER;
WITNESSETH:
WHEREAS, CITY intends to widen and improve 96L Street North, Mingo Road to Garnett
Road and the intersection at 961 Street North and North Mimeo Road, hereinafter referred
to as the PROJECT; and,
WHEREAS, CITY requires certain professional services in connection with the PROJECT,
hereinafter referred to as the SERVICES; and,
WHEREAS, ENGINEER, is prepared to provide such SERVICES;
WHEREAS, funding is available for the PROJECT through the
Budget;
NOW THEREFORE, in consideration of the promises contained herein, the parties hereto
agree as follows:
1. SCOPE OF PROTECT. The scope of the PROJECT is described in Attachment A,
SCOPE OF PROTECT, which is attached hereto and incorporated by reference as part
of this AGREEMENT.
2. SERVICES TO BE PERFORMED BY ENGINEER. ENGINEER shall perform the
SERVICES described in Attachment B, SCOPE OF SERVICES, which is attached
hereto and incorporated by reference as part of this AGREEMENT.
3. CITY'S RESPONSIBILITIES. CITY shall be responsible for all matters described in
Attachment C, RESPONSIBILITIES OF THE CITY, which is attached hereto and
incorporated by reference as part of this AGREEMENT.
4. COMPENSATION. CITY shall pay ENGINEER in accordance with Attachment D,
COMPENSATION, and further described in Attachment E, FEE/HOUR
BREAKDOWN, which are attached hereto and incorporated by reference as part of
this AGREEMENT.
5. SCHEDULE. ENGINEER shall perform the SERVICES described in Attachment B,
SCOPE OF SERVICES, in accordance with the schedule set forth in Attachment F,
SCHEDULE, attached hereto and incorporated by reference as part of this
AGREEMENT.
6. STANDARD OF PERFORMANCE. ENGINEER shall perform the SERVICES
undertaken in a manner consistent with the prevailing accepted standard for similar
services with respect to projects of comparable function and complexity and with
the applicable laws and regulations published and in effect at the time of
performance of the SERVICES. The PROJECT shall be designed and engineered in a
SERVICES WITH EXHIBITS.DOC C-1
good and workmanlike manner and in strict accordance with this AGREEMENT.
All engineering work shall be performed by or under the supervision of Professional
Engineers licensed in the State of Oklahoma, and properly qualified to perform such
engineering services, which qualification shall be subject to review by CITY. Other
than the obligation of the ENGINEER to perform in accordance with the foregoing
standards, no warranty, either express or implied, shall apply to the SERVICES to be
performed by the ENGINEER pursuant to this AGREEMENT or the suitability of
ENGINEER'S work product.
LIMITATION OF RESPONSIBILITY.
7.1. ENGINEER shall not be responsible for construction means, methods,
techniques, sequences, procedures, or safety precautions and programs in
connection with the PROJECT.
7.2. The presence of ENGINEEXs personnel at a construction site is for the
purpose of providing to the CITY a greater degree of confidence that the
completed construction work will conform generally to the construction
documents and that the integrity of the design concept as reflected in the
construction documents has been implemented and preserved by the
construction contractor(s).
7.3. In soils, foundation, groundwater, and other subsurface investigations, the
actual characteristics may vary significantly between successive test points
and sample intervals and at locations other than where observations,
exploration, and investigations have been made. Because of the inherent
uncertainties in subsurface evaluations, changed or unanticipated
underground conditions may occur that could affect total PROJECT cost
and/or execution. These conditions and cost/execution effects are not the
responsibility of ENGINEER.
7.4. Record drawings will be prepared, in part, on the basis of information
compiled and furnished by others, and may not always represent the exact
location, type of various components, or exact manner in which the
PROJECT was finally constructed. ENGINEER is not responsible for any
errors or omissions in the information from others that are incorporated into
the record drawings.
7.5. ENGINEEWs deliverables, including record drawings, are limited to the
sealed and signed hard copies. Computer -generated drawing files furnished
by ENGINEER are for CITY or others' convenience. Any conclusions or
information derived or obtained from these files will be at user's sole risk.
8. OPINIONS OF COST AND SCHEDULE.
8.1. Since ENGINEER has no control over the cost of labor, materials, equipment,
or services furnished by others, or over contractors', subcontractors', or
vendors' methods of determining prices, or over competitive bidding or
market conditions, ENGINEER'S cost estimates shall be made on the basis of
qualifications and experience as a Professional Engineer.
SERVICES WITH E%HIBITS.DOC G2
8.2. Since ENGINEER has no control over the resources provided by others to
meet construction contract schedules, ENGINEER'S forecast schedules shall
be made on the basis of qualifications and experience as a Professional
Engineer.
9. LIABILITY AND INDEMNIFICATION.
9.1. ENGINEER shall defend and indemnify CITY from and against legal liability
for damages arising out of the performance of the SERVICES for CITY,
including but not limited to any claims, costs, attorney fees, or other
expenses of whatever nature where such liability is caused by the negligent
act, error, or omission of ENGINEER, or any person or organization for
whom ENGINEER is legally liable. Nothing in this paragraph shall make the
ENGINEER liable for any damages caused by the CITY or any other
contractor or consultant of the CITY.
9.2. ENGINEER shall not be liable to CITY for any special, indirect or
consequential damages, such as, but not limited to, loss of revenue, or loss of
anticipated profits.
10. CONTRACTOR INDEMNIFICATION AND CLAIMS.
10.1. CITY agrees to include in all construction contracts the provisions of Articles
7.1, and 7.2, and provisions providing contractor indemnification of CITY
and ENGINEER for contractor's negligence.
10.2. CITY shall require construction contractor(s) to name CITY and ENGINEER
as additional insureds on the contractor's general liability insurance policy.
11. COMPLIANCE WITH LAWS. In performance of the SERVICES, ENGINEER shall
comply with applicable regulatory requirements including federal, state, and local
laws, rules, regulations, orders, codes, criteria and standards. ENGINEER shall
procure the permits, certificates, and licenses necessary to allow ENGINEER to
perform the SERVICES. ENGINEER shall not be responsible for procuring permits,
certificates, and licenses required for any construction unless such responsibilities
are specifically assigned to ENGINEER in Attachment B, SCOPE OF SERVICES.
12. INSURANCE.
12.1. During the performance of the SERVICES under this AGREEMENT,
ENGINEER shall maintain the following insurance:
12.1.1. General Liability Insurance with bodily injury limits of not less than
$1,000,000 for each occurrence and not less than $1,000,000 in the
aggregate, and with property damage limits of not less than $100,000
for each occurrence and not less than $100,000 in the aggregate.
12.1.2. Automobile Liability Insurance with bodily injury limits of not less
than $1,000,000 for each person and not less than $1,000,000 for each
accident and with property damage limits of not less than $100,000
for each accident.
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITSAOC C3
12.1.3. Worker's Compensation Insurance in accordance with statutory
requirements and Employers' Liability Insurance with limits of not
less than $100,000 for each occurrence.
12.1.4. Errors and Omissions Insurance to remain in effect during the
PROJECT and the term of any legal liability. Errors and Omissions
coverage to be for a minimum of $1,000,000, deductibles subject to
approval by CITY.
12.2. ENGINEER shall furnish CITY certificates of insurance which shall include a
provision that such insurance shall not be canceled without at least 30 days
written notice to the CITY.
13. OWNERSHIP AND REUSE OF DOCUMENTS.
13.1. All documents, including original drawings, estimates, specifications, field
notes and data shall become and remain the property of the CITY.
13.2. CITY'S reuse of such documents without written verification or adaptation
by ENGINEER for the specific purpose intended shall be at CITY'S risk.
14. TERMINATION OF AGREEMENT.
14.1. The obligation to continue SERVICES under this AGREEMENT may be
terminated by either party upon fifteen days written notice in the event of
substantial failure by the other party to perform in accordance with the terms
hereof through no fault of the terminating party.
14.2. CITY shall have the right to terminate this AGREEMENT, or suspend
performance thereof, for CITY'S convenience upon written notice to
ENGINEER; and ENGINEER shall terminate or suspend performance of
SERVICES on a schedule acceptable to CITY. In the event of termination or
suspension for CITY'S convenience, CITY shall pay ENGINEER for all
SERVICES performed to the date of termination in accordance with
provisions of Attachment D, COMPENSATION. Upon restart of a
suspended project, ENGINEER's contract price and schedule shall be
equitably adjusted.
15. NOTICE.
Any notice, demand, or request required by or made pursuant to this AGREEMENT
shall be deemed properly made if personally delivered in writing or deposited in the
United States mail, postage prepaid, to the address specified below.
To ENGINEER: GARVER
6100 S. Yale Ave.
Suite 1300
Tulsa, OK 74136
Attention: Michael Winterscheidt, PE
To CITY: CITY OF OWASSO
301 W 2nd Avenue
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.DOC C-4
Owasso, Oklahoma 74055
Attention: Roger Stevens, Public Works Director
15.1. Nothing contained in this Article shall be construed to restrict the
transmission of routine communications between representatives of
ENGINEER and CITY.
16. UNCONTROLLABLE FORCES. Neither CITY nor ENGINEER shall be considered
to be in default of this AGREEMENT if delays in or failure of performance shall be
due to forces which are beyond the control of the parties; including, but not limited
to: fire, flood, earthquakes, storms, lightning, epidemic, war, riot, civil disturbance,
sabotage; inability to procure permits, licenses, or authorizations from any state,
local, or federal agency or person for any of the supplies, materials, accesses, or
services required to be provided by either CITY or ENGINEER under this
AGREEMENT; strikes, work slowdowns or other labor disturbances, and judicial
restraint.
17. SEVERABILITY. If any portion of this AGREEMENT shall be construed by a court
of competent jurisdiction as unenforceable, such portion shall be severed herefrom,
and the balance of this AGREEMENT shall remain in full force and effect.
18. INTEGRATION AND MODIFICATION. This AGREEMENT includes Attachments
A, B, C, D, E, and F and represents the entire and integrated AGREEMENT between
the parties; and supersedes all prior negotiations, representations, or agreements
pertaining to the SCOPE OF SERVICES herein, either written or oral. CITY may
make or approve changes within the general Scope of Services in this AGREEMENT.
If such changes affect ENGINEER's cost of or time required for performance of the
services, an equitable adjustment will be made through an amendment to this
AGREEMENT. This AGREEMENT may be amended only by written instrument
signed by each of the Parties.
19. DISPUTE RESOLUTION PROCEDURE. In the event of a dispute between the
ENGINEER and the CITY over the interpretation or application of the terms of this
AGREEMENT, the matter shall be referred to the City's Director of Public Works for
resolution. If the Director of Public Works is unable to resolve the dispute, the
matter may, in the Director's discretion, be referred to the City Manager for
resolution. Regardless of these procedures, neither party shall be precluded from
exercising any rights, privileges or opportunities permitted by law to resolve any
dispute.
20. ASSIGNMENT. ENGINEER shall not assign its obligations undertaken pursuant to
this AGREEMENT, provided that nothing contained in this paragraph shall prevent
ENGINEER from employing such independent consultants, associates, and
subcontractors as ENGINEER may deem appropriate to assist ENGINEER in the
performance of the SERVICES hereunder.
21. APPROVAL. It is understood and agreed that all work performed under this
AGREEMENT shall be subject to inspection and approval by the Public Works
Department of the City of Owasso, and any plans or specifications not meeting the
terms set forth in this AGREEMENT will be replaced or corrected at the sole expense
of the ENGINEER. The ENGINEER will meet with the City staff initially and
AGREEMENT FOR ENGINEERING SERVICES WITH E%HISITS.DOC C-5
monthly thereafter and will be available for public meetings and City of Owasso
presentations.
22. KEY PERSONNEL. In performance of the SERVICES hereunder, ENGINEER has
designated Michael Winterscheidt, PE as Project Manager for the PROJECT.
ENGINEER agrees that no change will be made in the assignment of this position
without prior approval of CITY.
IN WITNESS WHEREOF, the parties have executed this AGREEMENT in multiple copies
on the respective dates herein below reflected to be effective on the date executed by the
Mayor of the City of Owasso.
APPROVED:
ENGINEER
am
CITY OF OWASSO, OKLAHOMA
Juliann M. Stevens, City Clerk Alvin Fruga, Mayor
Date
APPROVED AS TO FORM:
Julie Lombardi, City Attorney
AGREEMENT FOR ENGINEERING SERVICES WITH EXHISITSAOC C-6
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Scope of Project
Attachment A
SCOPE OF PROTECT. The PROJECT shall consist of civil engineering SERVICES
described as follows:
The PROJECT shall consist of the design and preparation of construction documents for
improvements, including widening of 96N, Street North from North Mingo Road to North
Garnett Road, including intersection improvements, widening with turn lanes and bike
lanes, and the installation of a traffic signal at the 96th Street North and North Mingo Road
intersection in Owasso, Oklahoma. The PROJECT will extend approximately 500'-800' from
the intersection along North Mingo Road and west along 961h Street North depending on
recommended lane configurations, and will also extend approximately 5,000' east to
connect with the existing improved intersection located at North Garnett Road. The
widened roadway will be concrete pavement with curb and gutter, sidewalks or trail, and
an enclosed storm sewer drainage system.
The topographic and boundary survey for the PROJECT will be provided by the
ENGINEER and is included as part of this AGREEMENT.
The ENGINEER will perform engineering and drafting services required by this
AGREEMENT to prepare roadway construction plans, specifications, and bidding
documents for the PROJECT. Included in the roadway design are grading, drainage,
surfacing, signing and striping, traffic signals, traffic control during construction, and
public utility relocations. The roadway will remain open to local traffic during construction.
A detailed Scope of Services is included in Attachment B.
All design will be in English units in accordance with the current'Oklahoma Department of
Transportation (ODOT) Design Manual'. 'AASHTO Policy on Geometric Design of
Highways and Streets', the'Manual of Uniform Traffic Control Devices (MUTCD)', and
City of Owasso (CITY) Standards.
The Construction documents will be prepared utilizing CITY and ODOT standard
drawings, details, and specifications.
The PROJECT will be funded by the CITY. The CITY will advertise, bid, and administer the
PROJECT's construction.
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.DOC CG7
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Scope of Services
Attachment B
The services to be performed by the ENGINEER under this AGREEMENT will consist of
providing civil engineering services for the SERVICES presented in Attachment A, as
directed by the City by a notice to proceed or in a work order.
Further, it is understood and agreed that the date of beginning, rate of progress, and the
time of completion of the work to be done hereunder for each assignment are essential
provisions of this AGREEMENT; and it is further understood and agreed that the work
embraced in this AGREEMENT shall commence upon execution of this AGREEMENT and
receipt of Notice to Proceed. It is further understood that all reviews and conceptual
designs will be prepared in accordance with the City of Owasso design criteria and
specifications for construction.
B. Basic Services of ENGINEER. The basic services of the ENGINEER shall include,
but are not limited to the following tasks:
B.I. CONCEPTUAL DESIGN PHASE (30%)
B.1.1. Attend Kickoff meeting with City Staff.
B.1.2. Conduct topographic and boundary survey for the PROJECT.
B.1.3. Conduct geotechnical investigation for the roadway and provide a
geotechnical report including a rigid pavement design.
B.1.4. Conduct Traffic Analysis
B.1.4.1. Collect 24 hour turning movement counts at ten (10) total
intersections along 96th Street North between and including
North Mingo Road and North Garnett Road.
B.1.4.2. Make a site visit to become familiar with the existing
congestion, peaking, and school patterns.
B.1.4.3. Gather and analyze historical crash data from CITY and
ODOT. Perform predictive safety analysis for proposed
improvements using Crash Modification Factors.
B.1.4.4. Develop future 2045 design volumes for the intersections.
B.1.4.5. Perform signal warrant analysis at 960i Street North and North
Mingo Road.
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.DOC C-8
B.1.4.6. Perform level of service analyses for the corridor and
intersections.
B.1.4.7. Prepare a Traffic Memo summarizing the findings of the
traffic study and warrant analysis, including
recommendations for turn lane storage lengths and
signalization needs.
B.1.4.8. Submit Traffic Memo for CITY review and comment.
Recommendations will be included in the Conceptual Plans.
B.1.5. Prepare Conceptual Plans (30%) for the proposed roadway, including
the following items and tasks:
B.1.5.1. Prepare Conceptual roadway design for the PROJECT
including 96th Street North and the North Mingo Road
intersection. The design speed shall be 45 miles per hour
(mph) unless site conditions require an exception. The posted
speed limit will be 35 mph. Prepare Conceptual Plans and
associated opinions of probable cost for the recommended
improvements.
B.1.5.1.1. The roadway will include additional width as
required for bike lanes.
B.1.5.1.2. The roadways will include 5-foot sidewalk on
both sides of the road within the limits of the ultimate
roadway section. However, the sidewalk may be 8-foot
in width as directed by the CITY. CITY to provide
guidance for inclusion in the Conceptual Plans.
B.1.5.2. Conduct Hydrology and Hydraulic Model of Project Area.
B.1.5.2.1. Data Collection including site visit of project area
and processing of as -built plans and drainage
reports of existing storm water infrastructure and
surrounding reservoirs.
B.1.5.2.2. Hydrologic Modeling of four reservoirs impacting
drainage boundary conditions impacting project
corridor.
B.1.5.2.3. Two-dimensional (2D) Hydraulic Modeling to
analyze existing storm water patterns and identify
challenges for proposed street widening project. Up
to three frequency storms will be analyzed. Major
storm sewer trunk lines will be included in the 2D
model. Individual inlets and lateral connectors will
not be modeled in detail but approaching flow will
AGREEMENT FOR ENGINEERING SERVICES WITH EXHISITS.DOC G9
be estimated and included in the major trunk line
modeled flow rates.
B.1.5.2.4. The overall purpose of the 2D hydraulic model will
be to determine existing conditions flow patterns
and proposed conditions will be informed by the 2D
model but not included in this scope or modeled in
the 2D modeling software. Modeling of proposed
conditions in 2D hydraulic model may be added by
supplemental agreement.
B.1.5.2.5. Documentation of hydraulic model results in a
technical memorandum format. Technical
memorandum will provide flow rates for input into
traditional 1D hydraulic models to be used for
coordination with conceptual drainage design.
B.1.5.3. Prepare conceptual roadway drainage design for the
PROJECT. Drainage design may include both enclosed
stormwater sewer systems and some open ditches.
13.1.5.4. CITY and Washington County Rural Water District 3 have
waterlines located within the PROJECT area. It is anticipated
that spot relocations will be required, and therefore some
waterline relocation designs are included in this
AGREEMENT.
B.1.5.5. City owned Sanitary Sewer relocations are possible within the
PROJECT. Time has been included for potential spot
relocations.
B.1.5.6. Detailed Signal design will not be included in Conceptual
Plans, however, a cost for signals will be estimated to be used
in the Opinion of Probable Cost.
B.1.6. Submit a digital copy (PDF) of the Conceptual Plans (30%) for CITY
review
B.1.7. Prepare Conceptual (30%) Opinion of Probable Cost
B.1.8. Attend a 30% Conceptual Design Review Meeting with CITY
B.1.9. Address CITY and ODOT comments and finalize Conceptual Plans
and Traffic Memo
B.2. PRELIMINARY DESIGN PHASE (65%)
B.2.1. Prepare Right -of -Way Plans (65%) for the proposed roadway,
including the following items and tasks:
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.000 G10
B.2.1.1. Prepare preliminary roadway design for the PROJECT.
B.2.1.2. Review and update proposed culvert sizes for roadway
elevations and widths.
B.2.1.3. Prepare preliminary drainage design for the PROJECT.
B.2.1.4. Prepare preliminary traffic signal design for the PROJECT.
B.2.1.5. Detailed lighting plans are not included in the PROJECT,
lighting is anticipated to be luminaries on the proposed traffic
signal poles.
B.2.1.6. CITY and Washington County Rural Water District 3 have
waterlines located within the PROJECT area. It is anticipated
that spot relocations will be required, and therefore some
waterline relocation designs are included in this
AGREEMENT.
B.2.1.7. City owned Sanitary Sewer relocations are possible within the
PROJECT. Time has been included for potential spot
relocations.
B.2.1.8. Provide preliminary traffic/pedestrian signal design at the
96th Street North and North Mingo Road intersection. Signals
will meet current CITY standards. Additionally, a proposed
RRFB crossing is proposed to be included in front of Bailey
Elementary.
B.2.1.9. Submit ten (10) copies of the Preliminary Plans (65%) for CITY
review.
B.2.1.10. Prepare Preliminary (65%) Opinion of Probable Cost
B.2.1.11. Provide a 65% Plan set to each utility located within
the limits of the PROJECT
B.2.1.12. Attend a Preliminary Plans Review Meeting with CITY
B.2.1.13. Prepare Right -of -Way acquisition documents for the
necessary parcels on the PROJECT up to fifteen (15) parcels. If
additional documents, property reports, or staking are
required beyond the amount included here, it will be
provided as an AMENDMENT to this AGREEMENT.
B.2.2. Prepare exhibits for and assist with up to one (1) Public Meeting
B.2.3. Utility Coordination
B.2.3.1. Provide private utility companies copies of the 65% Plans.
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITSDOC C-11
B.2.3.2. Establish anticipated relocation corridors for relocations.
B.2.3.3. Hold Utility Relocation Coordination Meetings for each utility
company to identify corridors, discuss relocations, and
identify any concerns with the PROJECT.
B.3. FINAL DESIGN PHASE & CONSTRUCTION DOCUMENTS (90%/100%)
B.3.1. Prepare Final Design (90%) and Construction Documents (PS&E,
100%) for the proposed roadway, including the following items and
tasks:
B.3.1.1. Prepare Final roadway design for the PROJECT.
B.3.1.2. Review and update proposed culvert size as necessary for
roadway elevations and widths based on Final Design Phase
and Construction Documents.
B.3.1.3. Prepare final drainage design for the PROJECT.
B.3.1.4. Prepare final traffic signal design for the PROJECT.
B.3.1.5. CITY and Washington County Rural Water District 3 have
waterlines located within the PROJECT area. It is anticipated
that spot relocations will be required, and therefore some
waterline relocation designs are included in this
AGREEMENT.
B.3.1.6. City owned Sanitary Sewer relocations are possible within the
PROJECT. Time has been included for potential spot
relocations.
B.3.1.7. Impacts to jurisdictional waters may occur. However,
environmental investigations and Section 404 permitting are
not included in this AGREEMENT and can be added via
Amendment at a later date if required.
B.3.2. Submit ten (10) copies of the Final Plans (90%) for CITY review
B.3.3. Prepare Final (90%) Opinion of Probable Cost
B.3.4. Provide a 90% Plan set to each utility located within the limits of the
PROJECT.
B.3.5. Attend a 90% Review Meeting with CITY
B.3.6. Finalize Construction Documents based on CITY comments
B.3.7. Update ENGINEER'S Opinion of Probable Cost to reflect final
construction documents
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.DOC C-12
B.3.8. Submit five (5) copies of the Construction Documents for CITY use.
B.3.9. Utility Coordination
B.3.9.1. Provide private utility companies copies of the 90% Plans.
B.3.9.2. Prepare Utility Plans for City's use showing proposed
relocations in color.
BA. COORDINATION AND PERMITS
B.4.1. There is no floodplain within the PROJECT area, a CLOMR and
LOMR are not anticipated for this PROJECT.
B.4.2. Coordinate with privately owned utilities for said companies to
prepare relocation plans if required. Engineer shall establish
relocation corridors for private utility companies. Engineer shall
provide plans and information as needed to companies to assist in
their plan preparation. ENGINEER will review relocation plans for
compliance with the PROJECT design. Field verification of
relocations is not part of this AGREEMENT. A written letter verifying
no impact will be required from utility companies within the
PROJECT that do not require relocation.
B.5. BIDDING PHASE SERVICES
B.5.1. Attend Pre -Bid Conference
B.5.2. Answer Contractor questions during bidding period
B.5.3. Prepare addenda to Contract Documents
B.5.4. Prepare Bid Tab
B.5.5. Prepare Letter of Award Recommendation
13.5.6. The ENGINEER will provide Plans and Specifications for the
Contractors use during the bidding phase. The CITY will handle the
pickup of contract documents by the Contractors. The ENGINEER
shall provide up to ten (10) half-size sets and PDF of Conformed
drawings to the contractor and CITY after award prior to construction
for their use.
B.6. CONSTRUCTION PHASE SERVICES
B.6.1. Attend Pre -Work Conference between CITY and Contractor
B.6.2. Attend Pre -Work Public Meeting
B.6.3. Provide Contractor up to five copies of Conformed Plans
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITSDOC C-13
B.6.4. Answer Requests for Information
B.6.5. Review project material submittals for compliance with the
specifications
B.6.6. Visit site as requested to address issues encountered
B.6.7. Assist the CITY in Change Order preparation
B.6.8. Attend Substantial Completion meeting and Assist in creating a
punch list
B.6.9. Attend Final Inspection
B.6.10. Prepare Record Drawings for CITY based on Contractor and CITY
notes. Drawings provided to CITY will include one paper set, one
PDF copy, and electronic files in AutoCAD format.
B.6.11. Construction Observation/inspection is not included in the
AGREEMENT
AGREEMENT FOR ENGINEERING SERVICES WITH EXHIBITS.DOC C-14
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Responsibilities of the City
Attachment C
RESPONSIBILITIES OF THE CITY. The CITY agrees:
C.1 Reports, Records, etc: To furnish, as required by the work, and not at the expense of
the ENGINEER:
C.1.1 Records, reports, studies, plans, drawings, and other data available in the
files of the CITY that may be useful in the work involved under this
AGREEMENT
C.1.2 Standard construction drawings and standard specifications
C.1.3 Complete topographic and boundary survey (in Oklahoma State Plane
Coordinates), inclusive of a triangulated 3D surface to be used during the design
phase.
C.1.4 ENGINEER will reasonably rely upon the accuracy, timeliness, and
completeness of the information provided by CITY.
C.2 Access: Provide access to public and private property when required in
performance of ENGINEER's services.
C.3 Staff Assistance: Designate the City Engineer (or another individual designated in
writing) to act as its representative in respect to the work to be performed under this
AGREEMENT, and such person shall have complete authority to transmit
instructions, receive information, interpret and define CITY'S policies and decisions
with respect to materials, equipment, elements and systems pertinent to the services
covered by this AGREEMENT.
C.3.1 Furnish staff assistance in locating, both horizontally and vertically, existing
CITY owned utilities and in expediting their relocation as described in
Attachment B. Further, CITY will furnish assistance as required in obtaining
locations of other utilities, including excavations to determine depth.
C.3.2 Furnish legal assistance as required in the preparation of bidding,
construction and other supporting documents.
C_4 Review: Examine all studies, reports, sketches, estimates, specifications, drawings,
proposals and other documents presented by ENGINEER and render in writing
decisions pertaining thereto within a reasonable time so as not to delay the services
of ENGINEER.
AGREEMENT FOR ENGINEERING SERVICES WITH EXHISITS.DOC C-15
IF[c3:4#1Td:VIsis] :»1NI?10JILINN4:B[91*1
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Compensation
Attachment D
COMPENSATION. The CITY agrees to pay, as compensation for services set forth in
Attachment B, the following fees, payable monthly as the work progresses; and within 30
calendar days of receipt of invoice. ENGINEER shall submit monthly invoices based upon
actual hours or work, invoiced according to the Rate Schedule provided in ATTACHMENT
E, completed at the time of billing. Invoices shall be accompanied by such documentation
as the CITY may require in substantiation of the amount billed.
D.1 Total Compensation
For the work under this project the total maximum billing including direct costs and
subconsultant services shall be Six Hundred and Thirt-Five Thousand and Five
Hundred Dollars ($635,500.00) as shown in ATTACHMENT E, which amount shall
not be exceeded without further written authorization by CITY.
D.2 Subconsultants and Other Professional Associates: Services of subcontractors and
other professional consultants shall be compensated for at actual cost. Use of sub -
consultants must be authorized in advance by CITY.
D.3 Other Direct Costs
D.3.1 Travel and subsistence shall be compensated for at actual cost. Local travel
by personal or firm automobile shall be compensated for at the rate currently
allowed by the IRS.
D.3.2 Printing expenses shall be compensated for as shown in ATTACHMENT E.
D.3.3 Any other direct costs shall be compensated for at actual when authorized in
advance by CITY.
DA Additional Services: Unless otherwise provided for in any accepted and authorized
proposal for additional services, such services shall be compensated for on the same
basis as provided for in Attachment D.
D.5 Terminated Services: If this AGREEMENT is terminated, ENGINEER shall be paid
for services performed to the effective date of termination.
D.6 Conditions of Payment
D.6.1 Progress payments shall be made in proportion to services rendered and
expenses incurred as indicated within this AGREEMENT and shall be due
and owing within thirty days of ENGINEER'S submittal of his progress
payment invoices.
16
D.6.2 If CITY fails to make payments due ENGINEER within sixty days of the
submittal of any progress payment invoice, ENGINEER may, after giving
fifteen days written notice to CITY, suspend services under this
AGREEMENT.
D.6.3 If the PROJECT is delayed, or if ENGINEER'S services for the PROJECT are
delayed or suspended for more than ninety days for reasons beyond
ENGINEER'S control, ENGINEER may, after giving fifteen days written
notice to CITY, request renegotiation of compensation.
17
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Fee Summary
Attachment E
18
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
EAST 96TH STREET NORTH IMPROVEMENTS — N. MINGO RD. TO N. GARNETT RD.
Schedule
Attachment F
F. SCHEDULE. The schedule for general engineering services for the PROJECT is
provided as follows:
F.1. Notice to Proceed:
F.2. Substantial Completion:
19
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TO: The Honorable Mayor and City Council
FROM: H. Dwayne Henderson, P.E., City Engineer
SUBJECT: East 1061h Street North, North 129+h East Ave to North 145th East Ave Widening -
Agreement for Engineering Design Services
DATE: January 16, 2025
BACKGROUND:
• On August 8, 2023, voters approved making permanent the 55/100ths sales tax,
dedicated to street improvements (Transportation Tax Fund).
• One of the projects identified as a priority is the widening of East 106th Street North, North
129th East Ave to North 145th East Ave.
• Traffic counts, approaching 8,000 vehicles per day, on East 106th Street North have
steadily increased over the years as drivers use this section of the roadway to access US
Hwy 169 from the east and west.
• Rejoice School continues to grow, adding traffic to the roadway.
• The intersection at North 135'h East Ave will also be improved to the south into the
subdivision_
ENGINEERING AGREEMENT/SCOPE OF WORK:
City staff and Kimley-Horn and Associates, Incorporated developed a scope of work for the
design project. Design plan submittals will be required at the 30%, 60% and 90% completion
stages and then final plans for bidding once right-of-way is obtained and private utilities are
relocated. The following components are included in the agreement:
Perform conceptual phase of the widening project
Perform operational, capacity and level of service analysis on intersection to
warrant signals and lane configurations
Prepare plans that include:
o Utility relocation design of public utilities
o Road widening of East 1061h Street North from the east end of the East
106th Street North/North 129th East Ave intersection to the west side of the
East 106th Street North/North 145}h East Avenue intersection
o Improvements to the intersection at North 135+h East Ave and possible
signalization of the intersection
o Modification to the signals at North 1371h East Ave to accommodate a
north to west turn lane
o Storm Drainage Improvements
o Modification to ODOT bridge slope walls to accommodate additional
lanes
• Prepare Right -of -Way documents
• Coordinate private utility relocations
• Prepare public utility relocation plans
• Preparing bid documents
• Assist with project bidding
• Provide construction assistance
East 106th Street North, North 1291h East Ave to North 145" East Ave Widening
Agreement for Engineering Design Services
Page 2
On December 17, 2024, City staff and Kimley-Horn negotiated an engineering service fee. If
approved by City Council, the cost of engineering services will be a lump sum amount of
$665,900.00.
FUNDING:
Funding is available in the Transportation Tax Fund.
RECOMMENDATION:
Staff recommends approval of an Agreement for Engineering Services with Kimley-Horn and
Associates, Incorporated of Tulsa, Oklahoma, in the amount of $665,900.00 and authorization to
execute all necessary documents.
ATTACHMENTS:
Location Map
Engineering Agreement/Exhibits
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AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
WIDENING PROJECT
THIS AGREEMENT, made and entered into this day of , 2025 between the
City of Owasso, Oklahoma, a Municipal Corporation, of Oklahoma, hereinafter referred to as
CITY, and Kimley-Horn and Associates, Inc. hereinafter referred to as ENGINEER;
WITNESSETH:
WHEREAS, CITY intends to widen and reconstruct the arterial roadway of East 106th Street
North from N. 1291h E. Ave. to N.1451 E. Ave.. hereinafter referred to as the PROJECT; and,
WHEREAS, CITY requires certain professional services in connection with the PROJECT,
hereinafter referred to as the SERVICES; and,
WHEREAS, ENGINEER, is prepared to provide such SERVICES;
WHEREAS, funding is available for the PROJECT through the Transportation Tax Fund
Budget;
NOW THEREFORE, in consideration of the promises contained herein, the parties hereto agree
as follows:
1. SCOPE OF PROJECT. The scope of the PROJECT is described in Attachment A,
SCOPE OF PROJECT, which is attached hereto and incorporated by reference as part
of this AGREEMENT.
2. SERVICES TO BE PERFORMED BY ENGINEER. ENGINEER shall perform the
SERVICES described in Attachment B, SCOPE OF SERVICES, which is attached
hereto and incorporated by reference as part of this AGREEMENT.
3. CITY'S RESPONSIBILITIES. CITY shall be responsible for all matters described in
Attachment C, RESPONSIBILITIES OF THE CITY, which is attached hereto and
incorporated by reference as part of this AGREEMENT.
4. COMPENSATION. CITY shall pay ENGINEER in accordance with Attachment D,
COMPENSATION, and further described in Attachment D.
5. SCHEDULE. ENGINEER shall perform the SERVICES described in Attachment B,
SCOPE OF SERVICES, in accordance with the schedule set forth in Attachment F,
SCHEDULE, attached hereto and incorporated by reference as part of this
AGREEMENT.
6. STANDARD OF PERFORMANCE. ENGINEER shall perform the SERVICES
undertaken in a manner consistent with the prevailing accepted standard for similar
services with respect to projects of comparable function and complexity and with the
applicable laws and regulations published and in effect at the time of performance of the
SERVICES. The PROJECT shall be designed and engineered in a good and
workmanlike manner and in strict accordance with this AGREEMENT. All engineering
work shall be performed by or under the supervision of Professional Engineers licensed
in the State of Oklahoma, and properly qualified to perform such engineering services,
which qualification shall be subject to review by CITY. Other
than the obligation of the ENGINEER to perform in accordance with the foregoing
standards, no warranty, either express or implied, shall apply to the SERVICES to be
performed by the ENGINEER pursuant to this AGREEMENT or the suitability of
ENGINEER'S work product.
LIMITATION OF RESPONSIBILITY.
7.1. ENGINEER shall not be responsible for construction means, methods,
techniques, sequences, procedures, or safety precautions and programs in
connection with the PROJECT.
7.2. The presence of ENGINEER's personnel at a construction site is for the
purpose of providing to the CITY a greater degree of confidence that the
completed construction work will conform generally to the construction
documents and that the integrity of the design concept as reflected in the
construction documents has been implemented and preserved by the
construction contractor(s).
7.3. In soils, foundation, groundwater, and other subsurface investigations, the
actual characteristics may vary significantly between successive test points
and sample intervals and at locations other than where observations,
exploration, and investigations have been made. Because of the inherent
uncertainties in subsurface evaluations, changed or unanticipated
underground conditions may occur that could affect total PROJECT cost
and/or execution. These conditions and cost/execution effects are not the
responsibility of ENGINEER.
7.4. Record drawings will be prepared, in part, on the basis of information
compiled and furnished by others, and may not always represent the exact
location, type of various components, or exact manner in which the
PROJECT was finally constructed. ENGINEER is not responsible for any
errors or omissions in the information from others that are incorporated into
the record drawings.
7.5. ENGINEER's deliverables, including record drawings, are limited to the sealed
and signed hard copies. Computer -generated drawing files furnished by
ENGINEER are for CITY or others' convenience. Any conclusions or
information derived or obtained from these files will be at user's sole risk.
8. OPINIONS OF COST AND SCHEDULE.
8.1. Since ENGINEER has no control over the cost of labor, materials, equipment,
or services furnished by others, or over contractors', subcontractors', or
vendors' methods of determining prices, or over competitive bidding or market
conditions, ENGINEER'S cost estimates shall be made on the basis of
qualifications and experience as a Professional Engineer.
8.2. Since ENGINEER has no control over the resources provided by others to
meet construction contract schedules, ENGINEER'S forecast schedules shall
be made on the basis of qualifications and experience as a Professional
Engineer.
9. LIABILITY AND INDEMNIFICATION.
9.1. ENGINEER shall defend and indemnify CITY from and against legal liability for
damages arising out of the performance of the SERVICES for CITY, including
but not limited to any claims, costs, attorney fees, or other expenses of
whatever nature where such liability is caused by the negligent
act, error, or omission of ENGINEER, or any person or organization for
whom ENGINEER is legally liable. Nothing in this paragraph shall make
the ENGINEER liable for any damages caused by the CITY or any other
contractor or consultant of the CITY.
9.2. ENGINEER shall not be liable to CITY for any special, indirect or
consequential damages, such as, but not limited to, loss of revenue, or
loss of anticipated profits.
10. CONTRACTOR INDEMNIFICATION AND CLAIMS.
10.1. CITY agrees to include in all construction contracts the provisions of
Articles 7.1, and 7.2, and provisions providing contractor indemnification of
CITY and ENGINEER for contractor's negligence.
10.2. CITY shall require construction contractor(s) to name CITY and
ENGINEER as additional insureds on the contractor's general liability
insurance policy.
11. COMPLIANCE WITH LAWS. In performance of the SERVICES, ENGINEER shall
comply with applicable regulatory requirements including federal, state, and local
laws, rules, regulations, orders, codes, criteria and standards. ENGINEER shall
procure the permits, certificates, and licenses necessary to allow ENGINEER to
perform the SERVICES. ENGINEER shall not be responsible for procuring permits,
certificates, and licenses required for any construction unless such responsibilities
are specifically assigned to ENGINEER in Attachment B, SCOPE OF SERVICES.
12. INSURANCE.
12.1. During the performance of the SERVICES under this AGREEMENT,
ENGINEER shall maintain the following insurance:
12.1.1. General Liability Insurance with bodily injury limits of not less than
$1,000,000 for each occurrence and not less than $1,000,000 in the
aggregate, and with property damage limits of not less than $100,000
for each occurrence and not less than $100,000 in the aggregate.
12.1.2. Automobile Liability Insurance with bodily injury limits of not less than
$1,000,000 for each person and not less than $1,000,000 for each
accident and with property damage limits of not less than $100,000 for
each accident.
12.1.3. Worker's Compensation Insurance in accordance with statutory
requirements and Employers' Liability Insurance with limits of not less
than $100,000 for each occurrence.
12.1.4. Professional Liability Insurance to remain in effect during the
PROJECT and the term of any legal liability. Professional Liability
coverage to be for a minimum of $1,000,000, deductibles subject to
approval by CITY.
13. ENGINEER shall furnish CITY certificates of insurance which shall include a
provision that such insurance shall not be canceled without at least 30 days written
notice to the CITY.
14. OWNERSHIP AND REUSE OF DOCUMENTS.
14.1. All documents, including original drawings, estimates, specifications, field
notes and data shall become and remain the property of the CITY.
14.2. CITY'S reuse of such documents without written verification or adaptation by
ENGINEER for the specific purpose intended shall be at CITY'S risk.
15. TERMINATION OF AGREEMENT.
15.1. The obligation to continue SERVICES under this AGREEMENT may be
terminated by either party upon fifteen days written notice in the event of
substantial failure by the other party to perform in accordance with the terms
hereof through no fault of the terminating party.
15.2. CITY shall have the right to terminate this AGREEMENT, or suspend
performance thereof, for CITY'S convenience upon written notice to
ENGINEER; and ENGINEER shall terminate or suspend performance of
SERVICES on a schedule acceptable to CITY. In the event of termination or
suspension for CITY'S convenience, CITY shall pay ENGINEER for all
SERVICES performed to the date of termination in accordance with
provisions of Attachment D, COMPENSATION. Upon restart of a suspended
project, ENGINEER's contract price and schedule shall be equitably adjusted.
16. NOTICE.
Any notice, demand, or request required by or made pursuant to this AGREEMENT
shall be deemed properly made if personally delivered in writing or deposited in the
United States mail, postage prepaid, to the address specified below.
To ENGINEER: Kimley-Horn and Associates, Inc.
1437 South Boulder Avenue, Suite 930
Tulsa, OK 74119
Attention: Rusty Akerman, P.E.
To CITY: CITY OF OWASSO
301 W 2n1 Avenue
Owasso, Oklahoma 74055
Attention: Roger Stevens, Public Works Director
16.1. Nothing contained in this Article shall be construed to restrict the transmission
of routine communications between representatives of ENGINEER and CITY.
17. UNCONTROLLABLE FORCES. Neither CITY nor ENGINEER shall be considered
to be in default of this AGREEMENT if delays in or failure of performance shall be
due to forces which are beyond the control of the parties; including, but not limited to:
fire, flood, earthquakes, storms, lightning, epidemic, war, riot, civil disturbance,
sabotage; inability to procure permits, licenses, or authorizations from any state,
local, or federal agency or person for any of the supplies, materials, accesses, or
services required to be provided by either CITY or ENGINEER under this
AGREEMENT; strikes, work slowdowns or other labor disturbances, and judicial
restraint.
18. SEVERABILITY. If any portion of this AGREEMENT shall be construed by a court of
competent jurisdiction as unenforceable, such portion shall be severed herefrom,
and the balance of this AGREEMENT shall remain in full force and effect.
19. INTEGRATION AND MODIFICATION. This AGREEMENT includes Attachments A,
B, C, D, E, and F and represents the entire and integrated AGREEMENT between
the parties; and supersedes all prior negotiations, representations, or agreements
pertaining to the SCOPE OF SERVICES herein, either written or oral. CITY may
make or approve changes within the general Scope of Services in this
AGREEMENT. If such changes affect ENGINEER's cost of or time required for
performance of the services, an equitable adjustment will be made through an
amendment to this AGREEMENT. This AGREEMENT may be amended only by
written instrument signed by each of the Parties.
20. DISPUTE RESOLUTION PROCEDURE. In the event of a dispute between the
ENGINEER and the CITY over the interpretation or application of the terms of this
AGREEMENT, the matter shall be referred to the City's Director of Public Works for
resolution. If the Director of Public Works is unable to resolve the dispute, the matter
may, in the Director's discretion, be referred to the City Manager for resolution.
Regardless of these procedures, neither party shall be precluded from exercising any
rights, privileges or opportunities permitted by law to resolve any dispute.
21. ASSIGNMENT. ENGINEER shall not assign its obligations undertaken pursuant to
this AGREEMENT, provided that nothing contained in this paragraph shall prevent
ENGINEER from employing such independent consultants, associates, and
subcontractors as ENGINEER may deem appropriate to assist ENGINEER in the
performance of the SERVICES hereunder.
22. APPROVAL. It is understood and agreed that all work performed under this
AGREEMENT shall be subject to inspection and approval by the Public Works
Department of the City of Owasso, and any plans or specifications not meeting the
terms set forth in this AGREEMENT will be replaced or corrected at the sole expense
of the ENGINEER. The ENGINEER will meet with the CITY staff initially and will be
available for public meetings and CITY presentations.
23. KEY PERSONNEL. In performance of the SERVICES hereunder, ENGINEER has
designated Rusty J. Akerman, P.E. as Project Manager for the PROJECT.
ENGINEER agrees that no change will be made in the assignment of this position
without prior approval of CITY.
IN WITNESS WHEREOF, the parties have executed this AGREEMENT in multiple copies
on the respective dates herein below reflected to be effective on the date executed by the
Mayor of the City of Owasso.
APPROVED:
Juliann M. Stevens, City Clerk
APPROVED AS TO FORM:
Julie Lombardi, City Attorney
KIMLEY-HORN AND ASSOCIATES, INC.
By: J AF•1dwd
Scott Arnold, Vice President
Date
January 3, 2025
CITY OF OWASSO, OKLAHOMA
Alvin Fruga, Mayor
Date
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
19rJIs14ZINlei azJeJ1*i&0
Scope of Project
Attachment A
SCOPE OF PROJECT. The PROJECT shall consist of civil engineering SERVICES
described as follows:
The PROJECT shall consist of the design and preparation of construction documents for
improvements, consisting of the following:
Widening of the roadway of E. 1061 St. N.-N. 12911 E. Ave. to N. 1451 E. Ave.
o Beginning limits will be coordinated with the current N. 129t' E. Ave.
intersection widening project and estimated 575' east of the centerline of N.
129t' E. Ave.
o Ending limits will be approximately 575' west of the centerline of N. 145th E.
Ave
o Typical section will consist of:
• 5-lane roadway (2-lanes in each direction with center turn lane)
• Pavement Cost Comparison to determine pavement type
• 5' wide sidewalk and 8' shared use path
• Location to be determined by needs of roadway widening
• 5' wide bike lanes on each side of roadway
o Horizontal alignment of the roadway will be centered on the section line
where feasible.
o US-169 bridge abutment modification
• Existing Conditions — The ENGINEER will compare recent field surrey
with bridge as -built plans to determine the extents of existing
slopewalls, drains under slopewall, and existing utility locations
relative to the proposed edge of new roadway.
• Wall Layout— The ENGINEER will develop the proposed wall layout
on each side of 106th St. N. including length and retained height.
Once the wall layout is established, feasible wall types will be
discussed with the geotechnical engineer.
• Wall Type Selection — The ENGINEER will evaluate two (2) wall types
for this project. The two (2) types are estimated to be a rail anchor
slab type wall and a large block wall. The same wall type will be
applied to both the north and south sides of 106th St. N. The wall
types will be evaluated based on construction cost and long-term
maintenance estimates for the CITY. Coordination with one (1)
supplier is included in this scope to verify the material availability and
large block wall costs. The ENGINEER will prepare one (1) memo
summarizing the wall type considerations and recommended
alternative for the City's records.
• No custom pedestrian railing or handrailing will be designed for the
project.
US-169 bridge abutment modifications will require ODOT and FHWA
approval
Intersection modifications/widening
• US 169 ramps (4 street returns impacted)
• US-169 ramp modifications will require ODOT and FHWA
approval
• N. 1371 E. Ave. (2 returns impacted)
• N. 138"' E. Ave. (1 return impacted)
Commercial Driveway Modifications
• Rejoice High School
• Kum & Go/Arvest Bank
• Owasso First Methodist Church
• Coffee Creek Apartments
Proposed frontage roadway connection (N. 1351 E. Ave.)
• New roadway intersection and roadway approximately 400' in length
• New intersection to align with the north intersection leg of E. 106th St.
and N. 1351 E. Ave.
Signalization and Modification
o Modification of the existing signals at N. 1371 E. Ave for SB to WB right turn
lane.
o Signal design for the intersection for N. 13811 E. Ave. and E. 10611 St. N. will
be completed with an amendment if deemed necessary at a later date.
Utility Relocation
o Washington County RWD #3 waterline relocation
• N. 1381h E. Ave. and 14511 E. Ave. (approx. 1000')
• End of 1291h intersection project to Rejoice driveway (approx. 500')
o City of Owasso sewer line extension
• Design is not included in the scope of this project. If the project design
requires sewer line design, an amendment will be required.
o New City of Owasso fiber conduit
• Show conduit location on roadway typical
• Provide pay items and notes
• Provide detail sheet, provided by the CITY
The ENGINEER will perform engineering and drafting services in preparation of construction
plans, specifications, and bidding documents for the PROJECT. The roadway design will
consist of grading, drainage, surfacing, signing and striping, traffic signals, traffic control
during construction, and public utility relocations. The roadway is anticipated to remain open
to local traffic during construction. A detailed Scope of Services is included in Attachment B.
All design will be in English units in accordance with the current 'Oklahoma Department of
Transportation (ODOT) Design Manual', 'AASHTO Policy on Geometric Design of Highways
and Streets', the'Manual on Uniform Traffic Control Devices', all applicable ODOT policies
and procedures, and CITY standards. (Where ODOT and CITY standards are identical,
ODOT standard sheets will be used. Where CITY vary from ODOT, the CITY shall provide
the ENGINEER with standard details to be inserted into the plans.)
The PROJECT will be funded by the CITY. The CITY will advertise, bid and administer the
PROJECT's construction.
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
WIDENING PROJECT
Scope of Services
Attachment B
B. Basic Services of ENGINEER. The basic services of the ENGINEER will
consist of the following tasks:
B.1. Conceptual Design Phase (30%)
B.1.1. Attend Kickoff Meeting
B.1.2. Conduct topographic and boundary survey for the PROJECT.
B.1.2.1. All utility companies servicing the project area will be
contacted thru "CALL OKIE- 811" 14 days prior to field
survey. NOTE: Lacking excavation, the exact location
of underground features cannot be accurately,
completely, and reliably depicted. In addition, 811
utility locate requests from surveyors are often ignored
or result in an incomplete response, in which case will
be noted in the drawing.
B.1.2.2. As of November 1, 2023, utility companies servicing
the project area have 14 calendar days to respond to
the OKIE 811 tickets. Member companies of OKIE
have the choice in how they respond to OKIE 811
"survey" locate requests by 1) physically marking the
site or 2) providing maps of the facilities.
B.1.2.3. All utility information field collected will be placed in the
CAD drawing.
B.1.2.4. If utility information through OKIE 811 is considered
inadequate by the CITY, the option to have SUE Level
B services performed by a private subconsultant can
be negotiated and performed.
B.1.3. Anticipated max ROW 75' wide in each direction.
B.1.4. Conduct geotechnical investigation for the roadway and provide a
geotechnical report.
B.1.4.1. 32 borings at approximately 500' intervals in each
direction. Locations will be provided to the CITY for
approval prior to field work.
B.1.4.2. Provide rigid and flexible pavement recommendations
B.1.4.3. Bridge abutment recommendations
B.2. Prepare Conceptual Plans (30%)
B.2.1. Prepare conceptual roadway design for the PROJECT which consists
of the widening of the roadway of E. 1061h St. N. from N. 12911 E. Ave.
to N. 1451h E. Ave. The design speed shall be 45 miles per hour (mph)
unless site conditions require a reduction to 35 mph. The posted
speed limit will be 35 mph. Prepare Conceptual Plans and associated
opinions of probable construction cost for the recommended
improvements.
B.2.2. The roadway will consist of a 5-lane roadway (2-lanes in each
direction with center turn lane), a 5' wide sidewalk,8' shared use path
and 5' wide bike lanes on each side of roadway.
B.2.3. Prepare conceptual roadway drainage design for the PROJECT.
Drainage design will consist of both enclosed stormwater sewer
systems with limited open drainage sections.
B.2.4. Drainage review — Discuss the road elevation needed to avoid a rise
on the 100-year floodplain.
B.2.5. Prepare structural design for the US169 bridge slopewall
modifications. The submittal will consist of the following bridge sheets:
• Details of Slopewall Removals (will remove an extra few feet
probably back to bridge abutments)
• Details of Slopewall (will replace with new footer and drain
near new end of slopewall)
• General Plan & Elevation Retaining Wall No. 1 —2 Sheets
• General Plan & Elevation Retaining Wall No. 2 — 2 Sheets
B.2.6. The waterline design for Washington County Rural Water District #3
(WCRWD #3) will not be included in Conceptual Plans, however, a
cost for the anticipated waterline relocations will be estimated to be
used in the Opinion of Construction Cost.
B.2.7. The signal design will not be included in Conceptual Plans, however,
a cost for signals will be estimated to be used in the Opinion of
Probable Cost.
B.2.8. Submit a digital copy of the Conceptual Plans (30%) for CITY review.
B.2.9. Prepare Conceptual (30%) Opinion of Probable Construction Cost.
B.2.9.1. Pavement cost comparison will be provided for the
geotechnical flexible and rigid pavement
recommendations.
B.2.10. Submit a digital copy of the Conceptual Plans (30%) for ODOT
review.
B.2.1 1. Attend a 30% Conceptual Design Review Meeting with CITY.
B.2.11.1. Pavement design to be approved by the CITY.
10
B.2.12.Attend up to 3 meetings to discuss ROW with landowners.
B.2.13.Address one round consolidated CITY/ODOT comments and
finalize Conceptual Plans.
B.3. Prepare Preliminary Plans (60%)
Prepare Right -of -Way Plans (60%) for the proposed roadway, consisting of the
following items and tasks:
B.3.1. Prepare preliminary roadway design for the PROJECT.
B.3.2. Review and update proposed culvert sizes for the roadway elevations
and widths.
B.3.3. Prepare preliminary drainage design for the PROJECT.
B.3.4. Prepare preliminary WCRWD #3 waterline relocation design for the
PROJECT. The final design will consist of plan and profile sheets for
approximately 1500 LF of 12" WCRWD #3 waterline relocation.
B.3.5. Prepare preliminary traffic/pedestrian signal design. Signals will meet
current CITY standards.
B.3.6. Utilize CITY template for traffic signal pay quantities and notes.
B.3.7. Submit two digital copies (blw and color) of the Preliminary Plans
(60%) for CITY review.
B.3.8. Submit a digital copy of the Preliminary Plans (60%) for ODOT review.
B.3.9. Prepare Preliminary (60%) Opinion of Probable Construction Cost.
B.3.10. Bid items to be per CITY funded projects.
B.3.11.Attend a 60% Preliminary Design Review Meeting with CITY.
B.3.12.Address up to one (1) round of consolidated CITY/ODOT comments
and finalize 60% Conceptual Design Plans.
B.3.13. Prepare Right -of -Way acquisition documents for the necessary
parcels on the PROJECT up to fifteen (15) parcels. The CITY will
notify ENGINEER of any parcel changes occur during the project
design phases. No staking is included in this scope. If additional
documents, property reports, staking, or staking trips are required
beyond the amount included here, it will be provided as an
AMENDMENT to this AGREEMENT.
B.3.14.Prepare exhibits for and assist with up to one (1) public meeting.
B.3.15. Utility Coordination
B.3.15.1. This task includes up to 40 hours of budgeted effort. If
additional effort is required beyond the amount
included here, it will be provided as an AMENDMENT
to this AGREEMENT.
B.3.15.2. Establish anticipated utility relocation corridors.
11
B.3.15.3. Provide base CADD and/or PDF files to private utility
companies once any utility relocation corridors are set.
B.3.15.4. Hold up to five (5) Utility Relocation Coordination
Meetings for each utility company to identify corridors,
discuss relocations, and identify any concerns with the
PROJECT.
B.3.15.5. Schedule potholing with the underground utilities as
needed, at the utilities' expense.
B.4. Final Design Phase & Construction Documents (90%/100%)
Prepare Final Design (90%) and Construction Documents (PS&E, 100%) for the
proposed roadway, including the following items and tasks:
B.4.1. Prepare final roadway design for the PROJECT.
B.4.2. Review and update proposed culvert size as necessary for roadway
elevations and widths based on final design phase and construction
documents.
B.4.3. Prepare final drainage design for the PROJECT.
B.4.4. Prepare final traffic signal design for the PROJECT.
B.4.5. Prepare final structural design for the US169 bridge slopewall
modifications. The submittal will consist of the following bridge sheets:
• Details of Slopewall Removals (will remove an extra few feet —
probably back to bridge abutments)
• Details of Slopewall (will replace with new footer and drain
near new end of slopewall)
• General Plan & Elevation Retaining Wall No. 1 — 2 Sheets
• General Plan & Elevation Retaining Wall No. 2 — 2 Sheets
• Subsurface Profile Sheets (from Geotech)
• Details of Retaining Wall — Typical Section
• Details of Retaining Wall — Steps, Drainage
• Details of Retaining Wall — Aesthetic Requirements
B.4.6. Prepare final WCRWD #3 waterline relocation design for the
PROJECT. The final design will include plan and profile sheets for
approximately 1500 LF of 12" WCRWD #3 waterline relocation.
B.4.7. A 404 permit is anticipated for the PROJECT. Environmental
investigations and 404 permitting are not included in this
AGREEMENT. However, ENGINEER shall coordinate with the CITY
to help with exhibits for the CITY to obtain the permit. This task
includes up to 10 hours of budgeted effort.
B.4.8. Submit a digital copy of the Final Plans (90%) for CITY review.
12
B.4.9. Prepare Final Opinion of Probable Cost.
B.4.9.1. Bid items to be per CITY funded projects.
B.4.9.2. Opinion of Probable Cost (OPCC) based on ODOT
AASHTOWare and City of Owasso recent bid history.
B.4.10. Submit a digital copy of the Final Plans (90%) for ODOT review.
B.4.1 1. Attend a 90% Review Meeting with the CITY
B.4.12. Finalize Construction Documents based on one round of consolidated
CITY/ODOT comments.
B.4.13. Update ENGINEER's Opinion of Probable Cost to reflect construction
documents.
B.4.14.Submit five (5) copies of the Construction Documents (PS&E) for
CITY use.
B.4.15. Utility Coordination
B.4.15.1. Provide a 90% Plan set to private utility companies
located within the limits of the PROJECT.
B.4.15.2. Prepare Utility Plans for the CITY's use showing
proposed relocations in color.
B.4.15.3. Proposed utility locations to be provided by the private
utility companies.
B.6. Bidding Phase Services -This task includes up to 24 hours of
budgeted effort. If additional effort is required beyond the amount
included here, it will be provided as an AMENDMENT to this
AGREEMENT.
B.5.1. Attend Pre -Bid Conference
B.5.2. Answer Contractor questions during bidding period.
B.5.3. Prepare addenda to Contract Documents
B.5.4. Prepare Bid Tabulation
B.5.5. Prepare Letter of Award Recommendation
B.5.6. The ENGINEER will provide Plans and Specifications for the
Contractor's use during the bidding phase. The CITY will control the
pickup of contract documents by the Contractors.
B.6. Construction Phase Services -This task includes up to 60 hours of
budgeted effort for construction support. If additional effort is required
beyond the amount included here, it will be provided as an
AMENDMENT to this AGREEMENT.
B.6.1. Attend Pre -Work Conference between CITY and Contractor.
13
B.6.2. The ENGINEER will provide the construction phase services
specifically stated below:
B.6.2.1. Bid Document Preparation and Contractor Notification.
B.6.2.1.1. The ENGINEER will issue a bid package and
conduct a pre -bid meeting with potential bidders. The
ENGINEER will tabulate the bids received and
evaluate general compliance of bids with the bidding
documents. The ENGINEER will provide a summary of
this tabulation and evaluation. If requested, The
ENGINEER will notify the selected Contractor.
B.6.2.2. Pre -Construction Conference.
B.6.2.2.1. The ENGINEER will conduct attend a Pre -
Construction Conference before the start of
construction.
B.6.2.3. Attend one (1) public meeting.
B.6.2.4. Provided Contractor up to five copies of Conformed
Plans.
B.6.2.5. Site Visits and Construction Observation.
B.6.2.5.1. The ENGINEER will make visits as requested
to observe the progress of the work. Observations will
not be exhaustive or extend to every aspect of
Contractor's work, but will be limited to spot checking,
and similar methods of general observation. Based on
the site visits, The ENGINEER will evaluate whether
Contractor's work is generally proceeding in
accordance with the Contract Document and keep the
CITY informed of the general progress of the work. The
ENGINEER will not supervise, direct, or control
Contractor's work, and will not have authority to stop
the Work or responsibility for the means, methods,
techniques, equipment choice and use, schedules, or
procedures of construction selected by Contractor, for
safety programs incident to Contractor's work, or for
failure of Contractor to comply with laws. The
ENGINEER does not guarantee Contractor's
performance and has no responsibility for Contractor's
failure to perform in accordance with the Contract
Documents. The ENGINEER is not responsible for any
duties assigned to it in the construction contract that
are not expressly provided for in this Agreement.
B.6.2.6. Construction Meetings.
B.6.2.6.1. The ENGINEER will attend construction
meetings on site as requested.
B.6.2.7. Recommendations with Respect to Defective Work.
14
B.6.2.7.1. The ENGINEER will recommend to the CITY
that Contractor's work be disapproved and rejected
while it is in progress if The ENGINEER believes that
such work will not produce a completed Project that
generally conforms to the Contract Documents.
B.6.2.8. Clarifications and Interpretations.
B.6.2.8.1. The ENGINEER will respond to reasonable and
appropriate [12] Contractor requests for information
made in accordance with the Contract Documents and
issue necessary clarifications and interpretations. Any
orders authorizing variations from the Contract
Documents will be made only by the CITY.
B.6.2.9. Change Orders.
B.6.2.9.1. The ENGINEER may recommend Change
Orders to the CITY and will review and make
recommendations related to Change Orders submitted
or proposed by the Contractor.
B.6.2.10. Shop Drawings and Samples.
B.6.2.10.1.The ENGINEER will review Shop Drawings and
Samples and other data which Contractor is required to
submit, but only for general conformance with the
Contract Documents. Such review and any action
taken in response will not extend to means, methods,
techniques, equipment choice and usage, schedules,
or procedures of construction or to related safety
programs. Any action in response to a shop drawing
will not constitute a change in the Contract Documents,
which can be changed only through the Change
Orders.
B.6.2.11. Substitutes and "or-equal/equivalent."
B.6.2.11.1.The ENGINEER will evaluate the acceptability
of substitute or "or-equal/equivalent" materials and
equipment proposed by Contractor in accordance with
the Contract Documents. Inspections and Tests. The
ENGINEER may require special inspections or tests of
Contractor's work and may receive and review
certificates of inspections within the ENGINEER's area
of responsibility. The ENGINEER's review will be solely
to determine that the results indicate compliance with
the Contract Documents and will not be an
independent evaluation that the content or procedures
of such inspections, tests, or approvals comply with the
Contract Documents. the ENGINEER is entitled to rely
on the results of such tests.
8.6.2.12. Disputes between CITY and Contractor.
15
B.6.2.12.1.The ENGINEER will, if requested by the CITY,
render written decision on all claims of the CITY and
Contractor relating to the acceptability of Contractor's
work or the interpretation of the requirements of the
Contract Documents. In rendering decisions, the
ENGINEER shall be fair and not show partiality to the
CITY or Contractor and shall not be liable in connection
with any decision.
B.6.2.13. Substantial Completion.
B.6.2.13.1. When requested by Contractor and CITY, the
ENGINEER will conduct a site visit to determine if the
Work is substantially complete. Work will be
considered substantially complete following satisfactory
completion of all items with the exception of those
identified on a final punch list.
B.6.2.14. Final Notice of Acceptability of the Work.
B.6.2.14.1.The ENGINEER will conduct a final site visit to
evaluate whether the completed Work of Contractor is
generally in accordance with the Contract Documents
and the final punch list so that the ENGINEER may
recommend final payment to Contractor.
B.6.2.15. Record Drawings.
B.6.2.15.1.This task includes up to 40 hours of budgeted
effort for the final record drawings. If additional effort is
required beyond the amount included here, it will be
provided as an AMENDMENT to this AGREEMENT.
The ENGINEER will prepare a record drawing showing
significant changes reported by the Contractor or made
to the design by the ENGINEER. Record drawings are
not guaranteed to be as -built, but will be based on
information made available.
16
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
WIDENING PROJECT
Responsibilities of the City
Attachment C
RESPONSIBILITIES OF THE CITY. The CITY agrees:
CA. Reports, Records. etc: To furnish, as required by the work, and not at the expense
of the ENGINEER:
C.1.1. Records, reports, studies, plans, drawings, and other data available in the
files of the CITY that may be useful in the work involved under this
AGREEMENT.
C.1.2. ENGINEER will reasonably rely upon the accuracy, timeliness, and
completeness of the information provided by CITY.
C.2. Access: Provide access to public and private property when required in performance
of ENGINEER's services.
C.3. Staff Assistance: Designate the City Engineer (or another individual designated in
writing) to act as its representative in respect to the work to be performed under this
AGREEMENT, and such person shall have complete authority to transmit
instructions, receive information, interpret and define CITY'S policies and decisions
with respect to materials, equipment, elements and systems pertinent to the services
covered by this AGREEMENT.
C.3.1. Furnish staff assistance in locating, both horizontally and vertically, existing
CITY owned utilities and in expediting their relocation as described in
Attachment B. Further, CITY will furnish assistance as required in obtaining
locations of other utilities, including excavations to determine depth.
C.3.2. Furnish legal assistance as required in the preparation of bidding,
construction and other supporting documents.
CA. Review: Examine all studies, reports, sketches, estimates, specifications, drawings,
proposals and other documents presented by ENGINEER and render in writing
decisions pertaining thereto within a reasonable time so as not to delay the services
of ENGINEER.
17
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
Lin 1191l. I I z [exa -.T 1W4& 11
Compensation
Attachment D
COMPENSATION. The CITY agrees to pay, as compensation for services set forth in
Attachment B, the following fees, payable monthly as the work progresses; and within 30
calendar days of receipt of invoice. ENGINEER shall submit monthly invoices based upon
actual hours or work, invoiced according to the Rate Schedule provided in ATTACHMENT
E, completed at the time of billing. Invoices shall be accompanied by such documentation as
the CITY may require in substantiation of the amount billed.
D.1. Total Compensation
For the work under this project the total lump sum including direct costs and
subconsultant services shall be Six Hundred Sixty -Five Thousand Nine Hundred
and Noll 00 ($665.900), which amount shall not be exceeded without further written
authorization by CITY.
D.2. Subconsultants and Other Professional Associates: Services of subcontractors and
other professional consultants shall be compensated for at actual cost. Use of sub -
consultants must be authorized in advance by CITY.
D.3. Other Direct Costs
D.3.1. Travel and subsistence shall be compensated for at actual cost. Local travel
by personal or firm automobile shall be compensated for at the rate currently
allowed by the IRS.
D.3.2. Printing expenses shall be compensated for as shown in ATTACHMENT E.
D.3.3. Any other direct costs shall be compensated for at actual when authorized in
advance by CITY.
DA. Additional Services: Unless otherwise provided for in any accepted and authorized
proposal for additional services, such services shall be compensated for on the same
basis as provided for in Attachment D.
D.5. Terminated Services: If this AGREEMENT is terminated, ENGINEER shall be paid
for services performed to the effective date of termination.
D.6. Conditions of Payment
D.6.1. Progress payments shall be made in proportion to services rendered and
expenses incurred as indicated within this AGREEMENT and shall be due
and owing within thirty days of ENGINEER'S submittal of his progress
payment invoices.
D.6.2. If CITY fails to make payments due ENGINEER within sixty days of the
submittal of any progress payment invoice, ENGINEER may, after giving
fifteen days written notice to CITY, suspend services under this
AGREEMENT.
D.6.3. If the PROJECT is delayed, or if ENGINEER'S services for the PROJECT are
delayed or suspended for more than ninety days for reasons beyond
ENGINEER'S control, ENGINEER may, after giving fifteen days written notice
to CITY, request renegotiation of compensation.
18
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 146TH E. AVE.
LTA 17:1z11z";J;Tom :14&1
Billing Rate Sheet
Attachment E
Classification
Rate
Analyst
$160 - $245
Professional
$230 - $295
Senior Professional 1
$255 - $350
Senior Professional II
$335 - $370
Senior Technical Support
$155 - $280
Support Staff
$110 - $145
Technical Support
$125 - $150
Effective through June 30, 2025
Subject to adjustment thereafter
19
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
l'i'll 1�P11�L�3:�1� 1
Schedule
Attachment F
F. SCHEDULE. The schedule for general engineering services for the PROJECT is
provided as follows:
Notice to Proceed Tentative Date
Feb. 2025
Task 1
Conc. Design (30%)
May 2025
Task 2
Prel. Design (60%)
August 2025
Task 3a
Final Design (90%)
July 2026
Task 3b
PSE Submittal
Flex date depen on utility relocations
September 2026
Task 4
Bidding & Construction
October 2026
20
AGREEMENT FOR ENGINEERING SERVICES
FOR THE CITY OF OWASSO, OK
E. 106TH ST. N.-N. 129TH E. AVE. TO N. 145TH E. AVE.
WIDENING PROJECT
INSURANCE CERTIFICATE
Attachment G
21
CITY OF OWASSO
PAYROLL PAYMENT REPORT
PAY PERIOD ENDING O1/11/2025
Department
Total Payroll Expenses
Municipal Court
$
11,052.89
Managerial
42,068.12
Finance
35,038.09
Human Resources
20,107.74
Community Development
39,016.48
Engineering
35,805.34
Information Technology
35,167.91
Facility Maintenance
18,588.46
Cemetery
2,595.05
Dispatch
6,318.82
Animal Control
10,470.96
Emergency Preparedness
4,052.09
Stormwater
12,970.47
Parks
24,077.55
Recreation & Culture
14,746.10
Community Center
10,732.70
Historical Museum
1,056.51
Economic Development
2,103.88
Strong Neighborhoods
586.77
General Fund Total
$
326,555.93
Ambulance Fund
$
779.03
E911 Communications Fund
$
50,921.34
Economic Development
$
2,103.91
Strong Neighborhoods
$
7,118.46
Stormwater Fund
$
11,051.81
Half Penny - Fire
$
394,933.66
Half Penny - Police
$
416,936.20
Half Penny - Police Grants
$
2,151.50
Half Penny - Streets
$
45,282.75
Vehicle Maintenance
$
22,887.94
Workers Comp
$
8,329.99
CITY OF OWASSO
GENERAL FUND & HALF -PENNY SALES TAX
FISCAL YEAR 2024-2025
Budgetary Basis
Statement of Revenues & Expenditures
As of December 31, 2024
MONTH
YEAR
PERCENT
TO -DATE
TO -DATE
BUDGET
OF BUDGET
REVENUES:
Taxes
$
4,081,200
$
23,522,480
$
45,856,117
51.30%
Licenses & permits
22,157
142,736
253,302
56.35%
Intergovernmental
103,954
594,973
1,097,286
54.22%
Charges for services
70,093
399,893
780,608
51.23%
Fines & forfeits
27,825
189,858
311,899
60.87%
Other
524
202,801
158,272
128.13%
Interest
80,407
281,547
395,074
71.26%
TOTAL REVENUES
$
4,386,161
$
25,334,288
$
48,852,557
51.86%
EXPENDITURES:
Personal services
$
(2,453,287)
$
(14,183,374)
$
(30,241,901)
46.90%
Materials & supplies
(136,989)
(922,029)
(2,286,974)
40.32%
Other services
(375,800)
(2,118,529)
(5,267,558)
40.22%
Capital outlay
(159,485)
(1,714,246)
(8,519,616)
20.12%
TOTAL EXPENDITURES
$
(3,125,561)
$
(18,938,178)
$
(46,316,048)
40.89%
REVENUES OVER EXPENDITURES
$
1,2 00,600
$
6,3 66,110
$
2,536,509
TRANSFERS IN (OUT):
Transfers in
$
2,070,284
$
11,931,584
$
23,233,643
51.35%
Transfers out
(3,240,951)
(18,708,483)
(36,613,857)
51.10%
TOTAL TRANSFERS
$
(1,170,668)
$
(6,776,900)
$
(13,380,214)
50.65%
NET INCOME (LOSS)
$
89,932
$
(380,790)
$
(10,843,705)
ENCUMBRANCES OUTSTANDING
$
(3,498,872)
FUND BALANCE (Budgetary Basis)
Beginning Balance
30,873,613
30,873,613
Ending Balance
$
26,993,951
$
20,029,908
Q:\Finance (120)Wccounting\Reports\Current FY\GF Financials
SECTION 00600
CHANGE ORDER
PROJECT: Honey Creek Channel Rehabilitation
CONTRACT DATE: October 15, 2024
TO CONTRACTOR: Ellis Concrete Construction
CHANGE ORDER NUMBER: 2
DATE: December 23, 2024
CONTRACT FOR: HC Channel Repair
The Contract is changed as follows: Addition of Pay Item #8 to the Contract; Payment will be lump
sum for all labor, equipment (brackets, poles and other materials provided by the City of Owasso to
install 12 complete wall braces along the Honey Crek channel to support the eastern wall. Cost will be
$6,500.00
No additional money is requested as Project Allowance will be utilized for payment of this pay item.
Not valid until signed by the Owner and Contractor
The original Contract Sum was $196,700.00
Net change by previously authorized Change Orders $ $0
The Contract Sum prior to this Change Order was S 196,700.00
The Contract Sum will be (increased) (decreased) (unchanged) by
this Change Order in the estimated amount of $ 0
The new Contract Sum including this Change Order will be $ 196,700.00
The Contract Time will be (increased) (decreased) (unchanged) by (_5_) days.
The date of Substantial Completion as of the date of this Change
Order therefore is March 6,202
NOTE: This summary does not reflect changes in the Contract Sum Time which have been authorized by Construction
Change Directive. '
City of Owasso
Ellis Concrete Construction LLC
CONTRACTOR
OWNER
200 South Main
19675 Ferguson Rd.
ADDRESS
ADDRESS
Owasso Ok 74055
Okmulgee, OK 74447
BY �_,f�"� y
DATE 12/23/24
DATE /Z-Z3- 2QZ 51
SPECIAL PRQVISIONS
0509 00900 • Page 1 of4
Ellis Concrete Construction LLC
19675Ferguson Rd
Okmulgee, OK 74447
918-845-6177
12/06/2024
Proposal Name: City Of Owasso.
Project Information: Honey Creek Project — Privacy Fence.
Project Location: 10000 N. 1071h E. Ave. Owasso, OK 74055
Ellis Concrete is pleased to submit this proposal/agreement for the above referenced project.
This proposal is good for 30 days. If this proposal is acceptable, please sign, date, and email (or
return) a copy back to Tyler@Ellis-Concrete.com Thank you for this opportunity to be of service.
Scope of work: Ellis Concrete Construction Company shall provide labor, Material & Equipment,
unless otherwise noted for the following specific scope of work.
• Approx, 24 Bracing brackets, with spreader bars to fit in saddle on brackets.
• Drill anchor plates, cut and install pipe, place in saddle bracket.
• No material, Labor and equipment only.
Total Price $6,500.00
Schedule for the above scope of work, based on normal working hours and days, the project
shall not exceed 30 working days of project completion date. Upon receipt of your written
acceptance of this proposal, up to 30 days shall be required as lead time prior to the project
start date. This schedule excludes delays due to circumstances beyond the control of Ellis
Concrete, such as weather, access, client, contractors, delivery etc.
Exclusions from the scope of work are as follows:
• Hidden conditions (unforeseen issues)
• Work not mentioned in scope of work.
• Earthwork, Sod, Trees, Rock, Material, Erosion Control.
• Access issues, Shoring, Pumps, Conveyors.
• Permits, Bonds, Testing.
Payment Terms: Net 30.
Contract documents: This agreement, together with the proposal, shall constitute the contract
documents and shall govern the rights of the parties hereto. In any event of any discrepancies
this agreement shall control.
Respectfully submitted:
Tyler Ellis
Ellis Concrete Construction Company
Signature
Acceptance Date
Annual Comprehensive Financial Report
City of Owasso, Oklahoma
Year Ended June 30, 2024
Annual Comprehensive
Financial Report
City of Owasso, Oklahoma
Year Ended June 30, 2024
City Manager
Chris Garrett
Prepared By:
Director of Finance
Carly Novozinsky
Assistant Director of Finance
Teresa Kimball
CITY OF OWASSO, OKLAHOMA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year ended June 30, 2024
TABLE OF CONTENTS
INTRODUCTORY SECTION Paae
Letter of Transmittal i - vii
GFOA Certificate of Achievement viii
List of Principal Officials ix
Organizational Chart x
FINANCIAL SECTION
Independent Auditors' Report A - C
Management's Discussion and Analysis MDA-1 - MDA-9
Basic Financial Statements
Government -wide Financial Statements:
Statement of Net Position
Statement of Activities
Fund Financial Statements:
Governmental Funds:
Balance Sheet
Reconciliation of the Governmental Funds Balance Sheet to the
Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Funds to the
Statement of Activities
Proprietary Funds:
Statement of Net Position 7
Statement of Revenues, Expenses and Changes in Net Position 8
Statement of Cash Flows 9 - 10
Notes to Basic Financial Statements FN 1 - FN 54
Required Supplementary Information
Schedule of Changes in the City's Total OPEB Liability and Related Ratios RSI- 1
Schedule of Changes in Net Pension Liability
Oklahoma Firefighters Pension & Retirement System RSI-2
Schedule of Proportionate Share of the Net Pension Liability
Oklahoma Firefighters Pension & Retirement System RSI - 3
Schedule of Contributions
Oklahoma Firefighters Pension & Retirement System RSI - 4
CITY OF OWASSO, OKLAHOMA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year ended June 30, 2024
TABLE OF CONTENTS
FINANCIAL SECTION (continued) Paae
Required Supplementary Information (continued)
Notes to Required Supplementary Information
Oklahoma Firefighters Pension & Retirement System
RSI-5
Schedule of Changes in Net Pension Liability (Asset)
Oklahoma Police Pension & Retirement System
RSI- 6
Schedule of Proportionate Share of the Net Pension Liability (Asset)
Oklahoma Police Pension & Retirement System
RSI - 7
Schedule of Contributions
Oklahoma Police Pension & Retirement System
RSI-8
Notes to Required Supplementary Information
Oklahoma Police Pension & Retirement System
RSI-9
Schedule of Changes in Net Pension Liability
Oklahoma Municipal Retirement Fund
RSI - 10
Schedule of Proportionate Share of the Net Pension Liability (Asset)
Oklahoma Municipal Retirement Fund
RSI - I 1
Schedule of Contributions
Oklahoma Municipal Retirement Fund
RSI - 12
Notes to Required Supplementary Information
Oklahoma Municipal Retirement Fund
RSI- 13
Notes to Required Supplementary Information -Budget Comparison
RSI -14
Schedule
General Fund Budgetary Comparison Schedule
Schedule of Revenues, Expenditures and Changes in Fund Balance
RSI - 15 - RSI -19
Reconciliation of the General Fund Balance Sheet to the Budgetary
General Fund
RSI - 20
Major Special Revenue Fund Budgetary Comparison Schedule:
Major Special Revenue Fund Definitions
RSI -21
Half -Penny Sales Tax Fund Budgetary Comparison Schedule
Schedule of Revenues, Expenditures and Changes in Fund Balance
RSI - 22
Reconciliation of the Half -Penny Sales Tax Fund Balance
Sheet to the Budgetary Half Penny Sales Tax Fund
RSI - 23
Other Supplementary Information - Supplemental Combining and
Individual Fund Financial Statements and Schedules
Nonmajor Governmental Funds Subsection:
Nonmajor Governmental Funds Definitions
OSI - 1
Combining Balance Sheet
OSI-2-OSI-3
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance
OSI - 4 - OSI - 5
Other Governmental Fund Budgetary Comparison Schedules:
Schedule of Revenues, Expenditures and Changes in Fund Balance -
Ambulance Service Fund
OSI-6
Emergency911 Fund
OSI-7
Cemetery Care Fund
OSI-8
Emergency Siren Fund
OSI-9
CITY OF OWASSO, OKLAHOMA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
Year ended June 30, 2024
TABLE OF CONTENTS
FINANCIAL SECTION (continued) Page
Other Supplementary Information - Supplemental Combining and
Individual Fund Financial Statements and Schedules (continued)
Juvenile Court Fund
OSI - 10
Hotel Tax Fund
OSI - 11
Stormwater Management Fund
OSI - 12
Federal Grants Fund
OSI- 13
Opioid Settlement Fund
OSI - 14
Ambulance Capital Fund
OSI- 15
Tax Incremental Financing Fund
OSI - 16
Park Development Fund
OSI - 17
Capital Projects Grant Fund
OSI - 18
Transportation Tax Fund
OSI - 19
Debt Service Fund
OSI - 20
Major Capital Project Fund Budgetary Comparison Schedules:
Major Capital Project Fund Definitions
OSI - 21
Vision Recapture Tax Fund Budgetary Comparison Schedule
Schedule of Revenues, Expenditures and Changes in Fund Balance
OSI - 22
Reconciliation of the Vision Recapture Tax Fund Balance
Sheet to the Budgetary Vision Recapture Tax Fund
OSI - 23
Capital Improvements Fund Budgetary Comparison Schedule
Schedule of Revenues, Expenditures and Changes in Fund Balance
OSI - 24
Reconciliation of the Capital Improvement Fund Balance
Sheet to the Budgetary Capital Improvement Fund
OSI-25
Internal Service Funds
Internal Service Funds Definitions
OSI-26
Combining Balance Sheet
OSI - 27
Combining Statement of Revenues, Expenses
and Changes in Net Position
OSI-28
Combining Statement of Cash Flows
OSI - 29 - OSI - 30
Budgetary Comparison Schedule
Vehicle Maintenance Fund
OSI-31
Budgetary Comparison Schedule
Self -Insurance Funds
OSI - 32
STATISTICAL SECTION - UNAUDITED
Statistical Section Definitions
S - 1
Financial Trends
S - 2 - S - 7
Revenue Capacity
S - 8 - S - 12
Debt Capacity
S - 13 - S - 17
Demographic and Economic Information
S - 18 - S- 23
Operating Information
S - 24 - S - 30
Appendix of Abbreviations
S - 31
INTRODUCTORY
SECTION
OREALople • REAL Chaaaer • REAL Communi
December 18, 2024
DEPARTMENT OF FINANCE
200 South Main
Owasso, Oklahoma 74055
Honorable Mayor, City Council, and Citizens of the City of Owasso, Oklahoma:
We are pleased to submit to you the Annual Comprehensive Financial Report (the Report) of
the City of Owasso, Oklahoma (the City) for the year ended June 30, 2024. The Report is
provided to give full disclosure of the financial position and fiscal activities of the City and its
Trust Authorities.
City management is responsible for both the accuracy of the presented data and the
completeness and fairness of presentations, including all disclosures. We believe the data, as
presented, is accurate in all material respects and is presented in a manner which fairly sets
forth the financial position and results of operations of the City. The Report has been prepared
in accordance with accounting principles generally accepted in the United States (U.S.
GAAP), based upon a comprehensive framework of internal control that it has established for
this purpose. The objective of a system of intemal controls is to provide reasonable, rather than
absolute, assurance that the financial statements are free of any material misstatements.
Under Oklahoma state law, municipalities are required to publish a complete set of audited
financial statements. This report fulfills that requirement for the year ended June 30, 2024. To
the best of our knowledge and belief, the enclosed report is accurate in all material respects
and is organized in a manner designed to fairly present the financial position and results of
operations of the City as measured by the financial activity of its various funds. The
accompanying disclosures are necessary to enable the reader to gain the maximum
understanding of the City's financial affairs.
I:Id424:1�114:Yr_Ar17iie7,*ll T4i77ii
The basic financial statements and related notes have been audited by the independent firm
of Certified Public Accountants, BT&Co., P.A. After examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, and evaluating the overall
financial statement presentation, the independent firm concluded that there was a reasonable
basis to render an unmodified opinion on each unit that collectively comprise the City's basic
financial statements. An unmodified opinion concludes that the basic financial statements are
fairly presented in conformity with the accounting principles generally accepted in the United
States of America (U.S. GAAP). The independent auditors' report can be found on the pages
prior to the Management's Discussion and Analysis in the Financial Section of this report.
Grant awards did meet the threshold required for audit under the provisions of the Single Audit
Act of 1996, as amended in the OMB Uniform Grant Guidance. Information related to this single
audit is included in a separately issued single audit report. The single audit report can be found at
httosi//www.citvofowasso.com/304/Finance.
Page i
MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A)
Management's discussion and analysis immediately follows the independent auditors' report
and provides a narrative introduction, overview, and analysis of the basic financial
statements. MD&A complements this letter of transmittal and should be read in conjunction
with it.
PROFILE OF THE CITY OF OWASSO
The City of Owasso is located approximately 15 miles northeast of Tulsa, Oklahoma. The
northeastern part of Oklahoma is often called "Green Country' due to its wooded terrain in the
rolling Ozark foothills. It has an elevation of 700 feet above sea level. The average daily
temperature is 60 degrees and the average annual rainfall is 32 inches. With its temperate
climate, the City experiences all four seasons of the year. The City of Owasso is known as the
"City of Character." Each month a positive character trait is displayed on banners in the
community and is presented and discussed at City Council, City staff meetings, and various
community meetings.
The City was originally settled in 1881 in Indian Territory, incorporated in 1904 and was chartered
as a city in 1972. Owasso's population is projected, based on the Census, to be 41,162 people in
2023-24, representing a 3.17%increase over 2022-23. Owasso's municipal boundaries contain
portions of Tulsa and Rogers Counties, with approximately 90% of the City's population residing in
Tulsa County.
Under a Council -Manager form of government, the City Manager, serving as the chief
executive of the City, is responsible for City operations. The City Council, the legislative branch of
the government, consists of five members with a three-year elected term. Per City Ordinance
No. 1015, Owasso has established five City Council Ward boundaries as required by State Statute
in Title 11 Section 20-101. All five Council members are elected at large. Each Council member
has an opportunity to be elected by Council vote as Mayor or Vice -Mayor for a two-year term.
MISSION, VISION, VALUES
Public service is about removing the obstacles standing in the way of people celebrating
their lives. To achieve this, we must provide quality services that better the lives of the citizens
of Owasso.
Our vision is to create a community where governmental services are dependable, efficient,
and provided with excellence; where public servants are empowered to remove obstacles
for citizens; and where departments are interdependent, united in a common purpose,
creative, responsible, committed to positive change, focused on results, responsive to needs,
and passionate about the individual's role to make a difference.
Our core values are creativity, accountability, responsiveness, teamwork, integrity,
respectfulness, and excellence.
Page ii
SERVICES
The City provides a full range of basic municipal services, including police and fire
protection, ambulance service, street construction, parks, neighborhood revitalization,
land use regulation, as well as other infrastructure, recreational activities, and cultural events.
The following services are provided through an array of legally separate entities
incorporated into this report as component units:
Service
Water, sewer, and refuse
Golf
Economic Development
BUDGETARY PROCESS AND CONTROLS
Enterorise Fund
Owasso Public Works Authority
Owasso Public Golf Authority
Owasso Economic Development
Authority
The City Manager prepares the annual proposed budget and presents it by June l St to the City
Council. The Council reviews, refines, changes, and adopts it according to the policies and
priorities it wishes to see implemented. Governmental funds with legal annually appropriated
budgets are as follows:
General Fund
Sipecial Revenue Funds:
Half -Penny Sales Tax Fund
Ambulance Service Fund
E-911 Fund
Cemetery Fund
Emergency Siren Fund
Juvenile Court Fund
Hotel Tax Fund
Stormwater Management Fund
Federal Grants Fund
Opioid Settlement Fund
Capital Project Funds:
Vision Recapture Tax Fund
Capital Improvements Fund
Ambulance Capital Fund
Tax Incremental Financing Fund
Park Development Fund
Capital Projects Grant Fund
Transportation Tax Fund
Debt Service Fund:
Sinking Fund
The City maintains a system of budgetary controls with the objective of maintaining
compliance with the City Charter and the Oklahoma Municipal Budget Act. The legal level of
budgetary control is the level at which expenditures cannot exceed appropriations. The level
of control is by department within a fund. Expenditure categories are personal services,
materials and supplies, other services, debt service, and capital outlay. Expenditures are cash
outlays plus encumbrances. Encumbrances not liquidated within 90 days of year-end are closed
and re -appropriated by Council for the following year and are classified as assigned fund
balance in the General fund.
THE LOCAL ECONOMY AND FACTORS AFFECTING ECONOMIC CONDITIONS
Revenue Outlook
Sales and Use tax collections for FY 2023-24 increased by $70,000 or 0.14% totaling $51.1 million.
The FY 2023-24 increase is primarily attributable to increased collections related to online sales.
Page iff
Owasso's economic outlook is positive based on the following:
2.1 % growth in taxable sales and use tax base in the prior year
1.2% projected population growth
• Increases in building permits issued over the prior year
While growth levels are expected to slow, the City is expected to consistently rise and outpace
both the state and Tulsa region on most economic measures throughout FY 2024-25.
Water rates were increased according to the five-year plan approved by the Council in 2021.
Consistent, planned increases were needed to fund increased labor and material costs and
planned debt service for upgrades to the wastewater treatment plant, Coffee Creek Lift Station,
and the Ranch Creek sewer interceptor.
The City of Owasso leadership, staff, and Economic Development team have prepared a
strategic plan that will take our City for into the future. The City seeks to lay the foundation for a
future in which Owasso attracts both residents and jobs, encourages sustainable living practices,
and provides an array of amenities to those who live and work in the area.
Community Outlook:
Owasso's retail sector is among the strongest in the state. The current outlook suggests that
Owasso's taxable retail sales and use taxes will remain strong in FY 2024-25. Currently, Owasso is
ranked the third largest retail market in Tulsa County.
Owasso's population continues to grow at a more modest growth rate. Double digit growth of
recent years is not expected to return due to a decline in available undeveloped land within City
limits. However, new multifamily developments within the City limits and new developments in
Tulsa County continue to contribute to growth in sales tax collections for Owasso.
There are currently nine hotels located in the City of Owasso. FY 2023-24 hotel tax revenues
decreased 0.9% from FY 2022-23. While collections were relatively flat, Owasso has a number of
significant street, stormwater, and wastewater projects in process which draw out of the area
construction crews who require local lodging.
During fiscal year 2023-24, there were 194 residential building permits and 408 multi -family building
permits issued. The combined construction value of these permits is $77.1 million. Over the past
three fiscal years, over 1,000 multifamily building permits have been issued.
There were 11 commercial permits issued in fiscal year 2023-24 with a total construction value of
$16.1 million. The outlook for commercial development within the City is positive.
Housing prices in Owasso continue to increase, climbing 9.6% in 2023.
DEBT
The City of Owasso has no outstanding General Obligation debt and, therefore, has not been
bond rated in recent years. All current financing has been provided via the Owasso Public Works
Authority.
Page iv
LONG-TERM FINANCIAL PLANNING
The City utilizes a five-year Capital Improvement Program (CIP) and utilizes a citizen -involved CIP
committee who makes recommendations to Council on funding priorities.
CAPITAL IMPROVEMENTS PLAN (CIP)
The Capital Improvement Committee was established in 1988 under Ordinance No. 395. The
purpose of the committee is to develop, prioritize, and recommend the capital improvement
needs of the City, creating a more planned process than had existed before it was established.
Since that time, the City has developed and adopted several infrastructure master plans that
help provide insight into the present and future needs of the City. The committee is comprised of
2 City Council members, 1 Owasso Economic Development Authority representative, 1 Planning
Commissioner, 6 citizens at large, the City Manager, and the Finance Director. The Committee
meets quarterly to discuss and plan for the City's capital needs primarily in Streets, Water, Sewer,
Stormwater, Facilities, and Parks. However, capital needs extend beyond infrastructure and may
Include large equipment purchases that exceed the City's ability to fund through General and
Half -Penny Funds revenues.
The process of adding projects to the list eligible for capital improvement funding is as follows
(established by Resolution 2003-14):
• Recommendation approved by the Capital Improvement Committee
• Public Hearing at Owasso City Council Meeting
• Consideration and action by the Owasso City Council (at least 2 weeks following the
public hearing)
Additional information on history and process can be found at:
httr)://cifyofowasso.com/DocumenfCenter/View/l 045
Current list of projects eligible for Capital Improvement funding:
httas://weblink citvofowasso com/WebLink/DocView asox2id=289574&dbid=0&repo=City-of-Ow
asso
FINANCIAL POLICIES
The City has established an operating reserve in the General Fund to provide for revenue
shortfalls or to meet unexpected increases in service delivery costs. The Half -Penny Sales Tax Fund,
approved in 2015, is utilized for Police, Fire, and Streets operations. The Council's goal is to
establish General and Half -Penny Sales Tax Funds' reserves between 10% and 15% of combined
revenues at a minimum. For FY 2023-24, the Council set the budgeted combined ending reserves
at 34.6% of the General Fund and Half -Penny Sales Tax appropriated revenues net of sales tax
transfers to the Owasso Public Works Authority. In recent years, reserves were intentionally
budgeted above the normal target to allow for unexpected revenue losses related to the
pandemic and unknowns in the economy.
By City Ordinance, utility rates are evaluated and updated annually to ensure long-term viability.
The City of Owasso's investment policy is to invest its funds in a manner which will provide the
highest investment return with the maximum security while meeting the daily cash flow needs of
the City and comply with all state statutes governing the investment of public funds. The
following investments are authorized by policy:
Page v
Obligations of the United States government, its agencies and instrumentalities.
• Collateralized or insured certificates of deposit and other evidences of deposit at
banks, savings banks, savings and loan associations and credit unions located in this
state, or fully insured certificates of deposit at banks, savings banks, savings and loan
associations and credit unions located out of state.
• Negotiable certificates of deposit issued by a nationally or state -chartered bank, a
savings bank, a savings and loan association or a state -licensed branch of a foreign
bank. Purchases of negotiable certificates of deposit shall not exceed ten percent
(10%) of the surplus funds of the city or county which may be invested pursuant to this
section.
• Prime bankers' acceptances which are eligible for purchase by the Federal Reserve
System and which do not exceed 270 days' maturity.
• Prime commercial paper which shall not have a maturity that exceeds one hundred
eighty (180) days nor represent more than ten percent (10%) of the outstanding paper
of an issuing corporation.
• Repurchase agreements that have underlying collateral consisting of those items
specified in this subsection.
• Money market mutual funds regulated by the Securities and Exchange Commission
and which investments consist of those items and those restrictions specified in this
subsection.
MAJOR TAX REVENUES
The City of Owasso collects a 2% sales tax for general operations.
Pursuant to Ordinance No. 763, the City levies a 1% sales tax for the purpose of providing
revenues to finance or fund capital projects and related costs to include debt service on
obligations issued to finance capital projects.
In January 2015, citizens of Owasso voted for an additional 0.507o sales tax, effective April 1,
2015. The additional half penny is restricted by Ordinance to spending on police, fire, and street
functions and is recorded as revenue within the Half -Penny Sales Tax Fund.
In January 2016, the City of Owasso voters also approved an additional 0.55% sales tax,
effective for seven years starting January 2017. In August 2023, voters approved a renewal of
the 0.55% sales tax, making the tax permanent..
The City has for many years utilized sales tax rebates to incentivize major retailers to locate in
Owasso. As a result of the increases in retail property, Owasso's sales tax revenues have been
steadily growing.
Ad valorem taxes are assessed and collected to fund judgments of $25,000 or more. This is not a
significant source of revenue for the City.
Page vi
The City created a Tax Increment Financing District (TIF District) to spur downtown
revitalization/development. Beginning December 20, 2016, ad valorem taxes levied by other
taxing jurisdictions have been apportioned to the City as related to increases in assessed
valuation after that date within the TIF District. Property taxes related to the TIF District are not yet
a significant tax source. In addition to the property taxes, TIF revenues are also comprised of 2%
sales fax on businesses locating within the TIF District subsequent to the December 20, 2016,
creation date.
The City also collects a 27o Franchise tax on utilities, a 5% hotel tax, and state -shared tax
revenues on telephones, alcoholic beverages, tobacco, and gasoline.
AWARDS AND ACKNOWLEDGEMENTS
Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to The City of Owasso for its
Annual Comprehensive Financial Report for the fiscal year ended June 30, 2023. This was the 8th
consecutive year that the City of Owasso has achieved this prestigious award. In order to be
awarded a Certificate of Achievement, a government must publish an easily readable and
efficiently organized Annual Comprehensive Financial Report. This report must satisfy both
generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current
Annual Comprehensive Financial Report continues to meet the Certificate of Achievement
Program's requirements and we are submitting it to GFOA to determine its eligibility for another
certificate.
The preparation of this report could not have been accomplished without the dedicated
services of the entire staff of the Finance Department. Other departments and offices of the
City have also contributed directly or indirectly to the preparation of this report. We would
like to express our appreciation to all who assisted in this effort.
We express our sincere appreciation and acknowledge the thorough, professional, and timely
manner in which our independent auditor, BT&Co., P.A„ conducted the audit.
Finally, we acknowledge the City Council who has consistently supported the City's goal of
excellence in all aspects of financial management. Their support is greatly appreciated.
cINM�Wot
Carly Novozinsky,
Director of Finance
Teresa Kimball,
Assistant Director of Finance
Page vii
L 01
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Owasso
Oklahoma
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2023
Executive Director/CEO
CITY OF OWASSO, OKLAHOMA
LIST OF PRINCIPAL OFFICIALS
June 30, 2024
CITY COUNCIL MEMBERS
Alvin Fruga, Mayor
Lyndell Dunn, Vice Mayor
Dr. Paul Loving
Doug Bonebrake
Cody Walter
CITY MANAGER
Chris Garrett
DIRECTOR OF FINANCE
Carly Novozinsky
ASSISTANT DIRECTOR OF FINANCE
Teresa Kimball
Page ix
s�
%VSOOREAL People •REAL Cha
meter • REAL Community
ORGANIZATION CHART
City Clerk &
Administrative Court
Support R-
Citizens of Owasso
Community
Finance
City of Owasso City
Council Fire/EMS Services
City Attorney /
11 General Counsel
City Manager
Human Resources
Police Services
Assistant City
Manager Public Works Building & Vehicle
Recreation &
Page x
FINANCIAL
SECTION
9ED
Certified Public Accountants
INDEPENDENT AUDITORS' REPORT
The Honorable Mayor and Members of the
City Council
City of Owasso, Oklahoma
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business -type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information
of the City of Owasso, Oklahoma (the City), as of and for the year ended June 30, 2024, and the related
notes to the financial statements, which collectively comprise the City's basic financial statements as
listed in the table of contents.
in our opinion, the accompanying financial statements referred to above present fairly, in all material
respects, the respective financial position of the governmental activities, the business -type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information
of the City, as of June 30, 2024, and the respective changes in financial position, and, where applicable,
cash flows thereof for the year then ended in accordance with accounting principles generally
accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America (GAAS) and the standards applicable to financial audits contained in Government Auditing
Standards issued by the Comptroller General of the United States (Government Auditing Standards). Our
responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of
the Financial Statements section of our report. We are required to be independent of the City, and to
meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to
our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the financial statements, management is required to evaluate whether there are conditions
or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as
a going concern within one year after the date that the financial statements are issued or available to
be issued.
Page A
c
m
0
n
a
Auditors' Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that
includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GARS and Government
Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we
• exercise professional judgment and maintain professional skepticism throughout the audit.
• identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements.
• obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the City's internal control. Accordingly, no such opinion is
expressed.
• evaluate the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluate the overall
presentation of the financial statements.
• conclude whether, in our judgment, there are conditions or events, considered in the
aggregate, that raise substantial doubt about the City's ability to continue as a going
concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters,
the planned scope and timing of the audit, significant audit findings, and certain internal control -related
matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that management's
discussion and analysis and the required supplementary information listed in the table of contents be
presented to supplement the basic financial statements. Such information is the responsibility of
management and, although not a part of the basic financial statements, is required by the
Governmental Accounting Standards Board who considers it to be an essential part of financial reporting
for placing the basic financial statements in an appropriate operational, economic, or historical context.
We have applied certain limited procedures to the required supplementary information in accordance
with GAAS, which consisted of inquiries of management about the methods of preparing the information
and comparing the information for consistency with management's responses to our inquiries, the basic
financial statements, and other knowledge we obtained during our audit of the basic financial
statements. We do not express an opinion or provide any assurance on the information because the
limited procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City's basic financial statements. The combining and individual nonmajor fund
financial statements and schedules are presented for purposes of additional analysis and are not a
required part of the basic financial statements. Such information is the responsibility of management and
was derived from and relates directly to the underlying accounting and other records used to prepare
the basic financial statements. The information has been subjected to the auditing procedures applied
in the audit of the basic financial statements and certain additional procedures, including comparing
and reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with GAAS. In our opinion, the accompanying supplementary
information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other information
comprises the introductory and statistical sections but does not include the basic financial statements
and our auditors' report thereon. Our opinions on the basic financial statements do not cover the other
information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other
information and consider whether a material inconsistency exists between the other information and the
basic financial statements, or the other information otherwise appears to be materially misstated. If,
based on the work performed, we conclude that an uncorrected material misstatement of the other
information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
December 18, 2024 on our consideration of the City's internal control over financial reporting and on our
tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is solely to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an opinion on
the effectiveness of the City's internal control over financial reporting or on compliance. That report is an
integral part of an audit performed in accordance with Government Auditing Standards in considering
City's internal control over financial reporting and compliance.
December 18, 2024
Topeka, Kansas
Page C
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
Our discussion and analysis of the City of Owasso's financial performance provides an overview
of the City's financial activities for the fiscal year ended June 30, 2024. Please read it in
conjunction with the City's financial statements, which follow this section.
FINANCIAL AND ACTIVITY HIGHLIGHTS
• For the fiscal year ended June 30, 2024, the City's total net position increased by $25.8 million
or 8.9% from the prior year. This was due primarily to the increase in revenues resulting from
a growing community, as well as an increase in investment income and miscellaneous
revenues.
• During the year, the City's expenses for governmental activities totaled $51.1 million and
were funded by program revenues of $15.5 million and further funded with taxes and other
general revenues (net of transfers) that totaled $50.7 million.
• Total program revenues in the City's business -type activities exceeded expenses by
approximately $2.2 million. This increase in net position was due primarily to increased
usage rates and capital project delays. The trust authority recognized the need to increase
revenues to eliminate the operating loss and adopted a rate structure with 5% to 6% annual
rate increases for five -years beginning October 01, 2016, The five-year plan successfully
enabled the City to address operating deficits in utility operations. In April 2021, the City
approved utility rate increases for an additional five years to fund needed infrastructure
improvements to serve a growing population.
• At June 30, 2024, the General Fund reported a total fund balance of $24.5 million, an
increase of $3.9 million from the prior year due to conservative budgeting of revenues, and
capital project delays.
• For budgetary reporting purposes, the General Fund reported total resources equal to
102.1 % of budget, and expenditures which were 91.6%, of budget.
OVERVIEW OF THE FINANCIAL STATEMENTS
The financial statements presented herein include all of the activities of the City of Owasso (the
"City") and its component units using the integrated approach as prescribed by GASB Statement
No. 34. Included in this report are government -wide statements for three categories of
activities —governmental, business type, and discretely presented component units. The
government -vide financial statements present the complete financial picture of the City from
the economic resources management focus using the accrual basis of accounting. They present
governmental activities and business type activities separately and combined. These statements
include all assets of the City (including infrastructure capital assets) as well as all liabilities
(including all long-term debt.)
REPORTING THE CITY AS A WHOLE
The Statement of Net Position and the Statement of Activities
One of the most frequently asked questions about the City's finances is, "Has the City's overall
financial condition improved, declined or remained steady over the past year?" The Statement
of Net Position and the Statement of Activities report information about the City as a whole and
about its activities in a way that helps answer this question. These statements include all assets
and liabilities using the accrual basis of accounting. All of the current year's revenues and
expenses are taken into account regardless of when cash is received or paid.
MDA Page 1
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
REPORTING THE CITY AS A WHOLE --Continued
The Statement of Net Position and the Statement of Activities —Continued
These two government -wide statements report the City's net position and changes in net position
from the prior year. You can think of the City's net position (the difference between assets,
deferred outflows of resources, liabilities, and deferred inflows of resources) as one way to
measure the City's financial condition, or position. Over time, increases or decreases in the
City's net position are one indicator of whether its financial health is improving, deteriorating, or
remaining steady. However, you must consider other nonfinancial factors, such as changes in
the City's tax base, the condition of the City's roads, and the quality of services to assess the
overall health and performance of the City.
As mentioned above, in the Statement of Net Position and the Statement of Activities, we divide
the City into three kinds of activities:
Governmental activities - Most of the City's basic services are reported here, including the
police, fire, general administration, streets and parks. Sales taxes, franchise fees, fines, and
state and federal grants finance most of these activities.
Business -type activities - The City charges a fee to customers to help cover all or most of the
cost of certain services it provides. The City's water, wastewater, sanitation, and golf course
activities are reported here.
Discretely -presented component units -These account for the activities of the City's reporting
entity that do not meet the criteria for blending. The activities of the Owasso Economic
Development Authority are presented here.
The financial Statements also include notes that explain some of the information in the statements
and provide more detailed data.
REPORTING THE CITY'S MOST SIGNIFICANT FUNDS
Fund Financial Statements
The fund financial statements provide detailed Information about the most significant funds- not
the City as a whole. Some funds are required to be established by State law and by bond
covenants. However, management establishes many other funds to help it control and
manage money for particular purposes or to show that it is meeting legal responsibilities for using
certain taxes, grants and other money.
Governmental funds - Most of the City's basic services are reported in governmental funds.
Governmental fund financial statements are prepared on the modified accrual basis'. Under the
modified accrual basis, revenues are recognized when they become measurable and available,
and expenditures are recognized when the related fund liability is incurred, with the exception of
long-term debt and other similar items which are recorded when due. The governmental fund
statements provide a detailed short-term view of the City's general government operations and
the basic service it provides. Governmental fund information helps determine whether there are
more or fewer financial resources that can be spent in the near future to finance the City's
programs. The differences of results in the Governmental Fund financial statements to those in
MDA Page 2
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
the Government -Wide financial statements are explained in a reconciliation following each
Governmental Fund financial statement.
Proprietary funds - When the City charges customers for the services it provides - whether to
outside customers or to other units of the City - these services are generally reported in
proprietary funds. Proprietary funds are reported in the same way that all activities are reported
in the Statement of Net Position and the Statement of Revenues, Expenses and Changes in Fund
Net Position. In fact, the City's enterprise funds are essentially the same as the business -type
activities we report in the government -wide statements but provide more detail and additional
information, such as cash flows.
Fiduciary funds - When the City is responsible for assets that - because of a trust arrangement or
other fiduciary requirement - can be used only for trust beneficiaries or other parties. The City is
responsible for ensuring that the assets to be reported in these funds are used for their intended
purpose. The City does not have any fiduciary activities in FY 2022-23 or FY 2023-24.
A FINANCIAL ANALYSIS OF THE CITY AS A WHOLE
NET POSITION
The City's combined net position increased from $289.4 million to $315.3 million between fiscal
years 2022-23 and 2023-24. Looking at the net position of governmental and business -type
activities separately, governmental activities increased $15.0 million primarily due to growing use
taxes, intergovernmental funding, and delays in capital spending..
The net position for Business -type activities increased by $10.8 million primarily due to City transfers
to the Trust Authority and an increase in charges for services. The negative unrestricted net
position for Business -type activities is due to unspent debt proceeds for capital projects currently
under construction.
A comparative, condensed presentation of net position follows (reported in thousands).
Total
Governmental
Business -Type
Percentage
Activities
Activities
Total
Change
2023
2024
2023
2024
2023
2024
2023-2024
Current and other assets
$ 86,721
$ 80,849
$ 20,770
$ 72,882
$ 107,491
$ 153,731
43.0%
Capital assets, net
182,004
205,005
91,894
95,140
273,898
300,145
9.6%
Total assets
268,725
285,854
112,664
168,022
381,389
453,876
19.0%
Deferred outflows of
resources
11,328
10,983
1,020
1,048
12,348
12,031
-2.6%
Long-term debt outstanding
28,266
27,081
63,002
108,241
91,268
135,322
48.3%
Other liabilities
7,382
8,867
3,778
3,210
11,160
12,077
8.2%
Total liabilities
35.648
35,948
66,780
111,451
102,428
147,399
43.9%
Deferred inflows of
resources
1,405
2,871
462
379
1.867
3,250
74.1%
Net position
Net investment in
capital assets
180,140
203,383
54,524
60,585
210,255
243,275
15.7%
Restricted
45,168
32,388
1,791
52,738
46,959
85,127
81.3%
Unrestricted
17,692
22,247
f9,8731
(56.0831
32,228
(13,1441
-140.8%
Total net position
243.000
258,018
46442
57,240
289,442
315,258
8.9%
MDA Page 3
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
A significant portion of net position consists of net investment in capital assets, e.g„ land, building,
improvements, equipment (net of related debt) and, as such, is not available for future spending.
The increase in net investment in capital assets is largely due to ongoing street improvements and
other capital projects.
�la_1�Cr7#�1721��Z•�jYiC•7�'
For the year ended June 30, 2024, the change in net position of the primary government
(reported in thousands) is shown below. Note that the increase to the net position of
Governmental Activities is primarily due to conservative budgeting of sales and use taxes, and an
increase in investment income.
The increase in Governmental expenses is primarily due to cost increases and changes in capital
assets. The increase in Business -Type Activities expense is primarily due to cost increases.
Total
Governmental
Business -Type
percenlage
Activities
A.Hvlties
Total
Change
2023
2024
2023
M24
2023
2024
2D23.2024
EXPENSES
General govemment
$ 6,446
$ 7.781 $
- $
-
$ 6,446
$ 7,781
20.7%
Public safely
26.011
29.336
-
-
26,011
29.336
128%
Community development
903
780
-
-
903
780
43.6%
Recreation and culture
2.198
2,495
-
-
2,198
2.495
13.5%
Economic development
461
451
-
-
461
451
-22%
Publicvah
8,738
10,296
-
-
8,738
10.296
17.8%
water
-
-
7.370
7.367
7,370
7.367
0.0%
Wastewater
-
-
5389
6.461
5,889
6,461
9.7%
Sanitation
-
-
2,126
2,489
2.126
2,489
17.1%
Recycle center
-
-
35B
406
358
406
13.4%
Economic development
-
-
403
344
403
344
.14.6%
Golf
-
2.109
2.177
2,109
2.177
3.2%
TOTAL EXPENSES
44757
51,139
18.255
19.244
63.012
70,393
11.7%
PROGRAM REVENUES
Charges fa services
WI
6.544
18,622
19,700
24,513
26.244
7.1%
Operating grants and
contribution
6.696
5,738
-
-
6,696
5.738
-14.3%
Capital wants and
contributions
528
3.225
1.094
1.788
1.622
5.013
209.1%
Total program revenues
13.115
15.507
19.716
21A88
32.831
36.995
12.7%
NET REVENUES (EXPENSES)
(31,6421
(35,6321
1,461
2.244
f30.1811
133,3881
10.6%
Generalrevenues
Saks taxes
45,781
45,536
-
-
45.781
45.586
-0.4%
Use taxes
5,280
5.545
-
-
5,280
5.545
5.0%
franchise and public service taxes
1,506
1.284
-
-
1,S06
1,284
-14.7%
Hotel laxes
667
661
-
-
667
661
-0.9%
Intergovernmental
752
951
-
-
752
951
26.5%
Investment income
1,799
2.814
502
905
2.301
3,719
61.6%
Miscellaneous
664
1,458
664
1,458
119.6%
TOTAL GENERAL REVENUES
56.449
58.299
502
905
56351
59,204
4.0%
Changes before transfers
24.807
22,667
1,90
3,149
26,770
25,816
-3.6%
Transfers
(3,4131
(7.6491
3,413
7.649
0.0%
CHANGE IN NET POSITION
21.394
15.018
5.376
10,798
26.770
25,816
-3.6%
NET POSITION, BEGINNING
221,606
243.000
41.066
46.442
262.672
289A42
10.2%
NET POSITION, ENDING
$ 243.000
$ 2513,018 $
46,442
$ 57,240
$ 289,442
$ 315.258
8.9%
MDA Page 4
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
Governmental Fund Balances
General Fund -The fund balance increase is primarily due to conservative budgeting of revenues
and capital project delays.
Vision Recapture Tax Fund - Sales tax revenues of 0.55% began in this fund on January 1, 2017.
Revenues are restricted to specified street projects. The fund balance decrease is due to
spending on large capital projects.
Half -Penny Sales Tax Fund - In January 2015, citizens of Owasso voted to increase the 3% sales
tax to 3,50% effective April 1, 2015. The additional half penny is restricted by Ordinance to
spending on police, fire, and streets, and is recorded as revenue within the Half -Penny Sales Tax
Fund. The fund balance decrease is due to renovations of two Fire Stations.
Capital Improvements Fund - Funding for the Capital Improvements Fund comes from a 1 %sales
tax restricted for capital expenditures. The decrease in fund balance is primarily due to
spending on capital projects.
Other Governmental Funds - The fund balance increase is largely due to project delays, as well
as hotel tax collections exceeding budget projections.
Governmental Fund Balances (Reported in Thousands)
As of June 30 Year End
Governmental Funds
2023
General
$ 20,660
Vision Recapture Tax
19,658
Half -Penny Sales Tax
9,630
Capital Improvements
11,178
Other Governmental
11,814
Total Governmental Fund
Balances 72,940
Major Fund Budgetary Statement Hiahliahts
Changein
Fund
2024
Balance
$ 24,533
$ 3,873
7,332
(12,326)
6,341
(3,289)
10,788
(390)
17,103
5,289
66,097
General Fund - The original FY 2023-24 budget included a 1.3% increase over the FY 2022-23
budgeted sales and use tax revenues. Actual sales and use tax revenues came in above the
original budget by 1.7%.
Grant and other governmental revenue budgets were revised throughout the fiscal year as new
grants were awarded. Approximately $210,000 in grants (partially awarded after the budget
was adopted) are reflected in the Final budget. Court fines and costs were over budget due to
an increase in the number of traffic tickets written in the year.
The June 30, 2024, General Fund year-end fund balance was 61.7% of annual revenues, net of
transfers to the Owasso Public Works Authority (OPWA).
MDA Page 5
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
GOVERNMENTAL ACTIVITIES
To aid in the understanding of the Statement of Activities on page 2 of the Basic Financial
Statements, some additional explanation is given. Of particular Interest is the format that is
significantly different from a typical Statement of Revenues, Expenditures, and Changes in Fund
Balance. You will notice that expenses are listed in the first column with revenues from that
particular program reported to the right. The result is a Net (Expense)/Revenue. The reason for
this kind of format is to highlight the relative financial burden of each of the functions on the City's
taxpayers. It also identifies how much each function draws from the general revenues or if it is
self-financing through fees and grants or contributions. All other governmental revenues are
reported as general. It is important to note that all taxes are classified as general revenue even
if restricted for a specific purpose.
For the year ended June 30, 2024, the City's governmental activities revenues were funded as
follows:
Governmental Activities Sources
■ Charges for services ■ Operating Grants
4.4% Capital Grants ■ Soles and Use Taxes
■ Other Taxes . Intergowmmentol
v Other Revenues
69.3%
Uses of governmental activities in FY 2023-24 were as follows:
0.9%
4.9%
1.5%
Governmental Activities Uses
rs9% ■ General Government
57.4%
■ Public Safety
® Community Development
n Recreation & Culture
■ Economic Development
■ Public Works
MDA Page 6
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
GOVERNMENTAL ACTIVITIES --Continued
For the year ended June 30, 2024, expenses for governmental activities totaled $51.1 million, an
increase from prior year of $6.4 million. Governmental transfers to business -type activities totaled
$7.7 million primarily due to the transfer of grant funds, a General fund transfer to subsidize the
Golf Course, and the transfer of sales tax revenue pledged for debt service for debt issued by the
Owasso Public Works Authority to finance City capital projects. Of the total expenses, taxpayers
and other general revenues funded $50.7 million. Grants and other contributions that directly
benefited programs funded $9.0 million, and charges for services totaled $6.5 million.
GOVERNMENTAL ACTIVITIES SOURCES AND USES
Charges for Services,
Net Revenue
Operating and
Total Expense
(Expense)
Capital Grants
of Services
of Services
Water
$ 1,454
$ 7,781
$ (6,327)
Wastewater
6,976
29,336
(22,360)
Sanitation
348
780
(432)
Recycle center
189
2,495
(2,306)
Economic development
13
451
(438)
Golf
6,527
10,296
(3,769)
TOTAL
$ 15,507
$ 51,139
$ (35,632)
BUSINESS -TYPE ACTIVITIES
Net Revenue (Expense) of Business -Type Activities for the year ended June 30, 2024 was as
follows:
BUSINESS -TYPE ACTIVITIES SOURCES AND USES
Charges for Services,
Net Revenue
Capital and
Total Expense
(Expense)
Operating Grants
of Services
of Services
Water
$ 9,362
$ 7,367
$ 1,995
Wastewater
8,226
6,461
1,765
Sanitation
2,797
2,489
308
Recycle center
39
406
(367)
Economic development
-
344
(344)
Golf
1,064
2,177
(1,113i
TOTAL
$ 21,488
$ 19,244
$ 2,244
In reviewing the business -type activities net revenue (expense) from operations, it should be
noted that total water, wastewater, sanitation, and recycling activities reported a combined net
gain of $3.7 million for the year ended June 30, 2024 compared to a $2.9 million net gain in FY
2022-23. It is important to note that Council adopted a five-year rate increase plan in 2021
MDA Page 7
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
designed to bring these functions into a positive net revenue position and to fund needed water
and wastewater capital projects.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
At June 30, 2024, the City had $300.1 million invested in capital assets, net of depreciation (See
table below). This represents a net increase of $26.3 million or 9.6% over last year. Significant
capital assets added this year include construction in progress of various streets projects of $21.3
million and Fire Station renovations of $4.0 million.
City of Owasso Capital Assets
(Net of accumulated depreciation/amortization)
Governmental
Business -Type
Activilies
Acllv81es
Total
2073
2024
2023
M24
2023
2]24
Land
$ 16,644217
$ 19.672103
$ 546,850
$ 546,850
$ 17,191.067
$ 20.218,953
Buildings
19.183,335
18.017.983
769477
787.922
19,952B12
18,805,905
Improvements
21.014,529
19.901.621
1,249,056
2.065,283
28263,585
21,966,904
Utilities
-
-
61,586.2D3
85,125.235
61.586,213
85,125.205
Machinery &Equipment
5.942902
5.318,963
2879818
2959,82E
B.KZM
8,278791
Infrastructure
W85,527
89,849.5m
-
-
73,785.527
89.849.30
Construction in Progress
44,247,SB2
51.278.692
2A,5711913
3,431,210
68.819,05
54,709,902
Right -to -Use hosed Machinery&Equipment
647,AI7
626,042
2301105
10,079
877.812
809.Im
Right -to -Use Subscriptlan Asset
538, 117
340,179
60,385
41,949
5981502
381.128
Walls
$ 182003.916
$ 2050D5.136
$ 91.693.807
$ 95.140.325
$ M.897,723
$ 300,145.461
See Note 3.D to the financial statements for more detail on the City's capital assets and changes
therein.
Long -Term Debt
At year-end, the City had $135.3 million in long-term liabilities which represents a $44.1 million, or
48.37. increase from the prior year. The largest increases were attributed to the $38.3 million
increase in the revenue notes payable liability, and the $6.9 million increase in the notes payable
liability. Both increases are due to the issuance of new debt for capital projects.
The City's long-term debt by type of debt is as follows:
Leases
Subscription liability
Accrued absences
Talal OP® liability
Claims Babillly
Net pension liability
Financed purchases
Deposits subject to refund
Notes payable, net
Revenue notes payable
TOTALS
Total
Govemmenlal
Business -Type
Percentage
AcflvBles
ActWllles
Total
Change
2023
2024
2023
2024
2023
2024
2023-2D24
$ 8M.509 $
795.439
$ 288,874
$ 247,781
$ 1,094.383 $
1,043,220
4.7%
557A55
362.080
64.839
43.545
622.694
405.625
-34.9%
2.668.486
3,113383
198,925
234.572
2867.411
3,347.955
16.8%
1 Z33,781
1,739A07
336,825
378.312
1,870,606
2117,419
13.2%
668,506
842,1%
06.894
202410
9D5.400
1,044,600
15.4%
22.031,916
20.228,569
795,517
945,251
22.827;433
21,173820
-7.2%
-
-
479.661
376.671
479,661
376,671
-21.5%
-
-
875.7&6
908,666
875.786
908,666
38%
-
-
358151598
42205.522
35.315.598
42,205.522
19.5%
24A09,000
62698,000
24,409.000
62,698,000
156.9%
$ 28.266,0.93 $
27.080,768
$ 63,001,919
$ 108.240,730
$ 91.267.972 $
135,321.498
48.3%
MDA Page 8
Management's Discussion and Analysis
City of Owasso, Oklahoma
June 30, 2024
See Note 3.G. to the financial statements for more detailed information on the City's long-term
debt and changes therein.
NEXT YEAR'S BUDGET AND RATES
The budget for fiscal year 2024-2025 was adopted by the City of Owasso City Council on June 18,
2024 and went into effect on July 1, 2024. The adopted budget conservatively included flat
sales and use tax projections. Year-to-date FY 2024-25 combined sales and use tax collections
are 2.9% higher than budgeted projections. The FY2024-25 budget also included step increases
and negotiated increases for all union employees, as well as, cost of living increases and
potential merit increases for civilian staff.
The budget further includes a $1,000,000 transfer to the Owasso Public Golf Authority from the
General Fund for the purpose of subsidizing operations. While General fund budgetary
information is included in this report, persons interested in more in-depth budgetary information
can find the full budget document at www.citvofowasso.com/304/finance.
CONTACTING THE CITY'S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers and creditors a
general overview of the City's finances and show the City's accountability for the money it
receives. If you have questions about this report or need additional financial information,
contact the Finance Director's office at 200 S. Main, P. O. Box 180, Owasso, Oklahoma 74055-0180
or phone (918) 376-1500.
MDA Page 9
BASIC
FINANCIAL
STATEMENTS
STATEMENT OF NET POSITION
CITY OF OWASSO, OKLAHOMA
June 30, 2024
ASSETS
Cash and cash equivalents
Restricted cash
Investments
Accounts receivable, net of allowance
Court fine receivable, net of allowance
Olherreceivables
Internal balances
Due from othergovemments
Prepaid Hems
Inventory
Pension asset
Capital assets:
Land and construction in progress
Other capital assets, net of depreciation
Primary Govemmenf
Component
Urdl
Economic
Governmental
Business -Type
Development
Aclivflies
ActivIles
Total
Authority
$ 38.449,700
$ 8,171119 $
46.622.819
$ 10.111
-
53,646,600
53,646.600
-
33.821.768
7,189,375
41,011,143
-
1.739.1.56
2,204,696
3,943,852
-
114,641
-
114.641
-
156,09
16.733
173.242
-
11,085.837I
1,085.837
-
-
7.044.200
461.196
7.505,396
-
214,518
8,862
223.380
-
-
95,049
95,049
-
394,080
-
394.080
-
70.950,795 3,978,060 74.928,855 -
134,054,341 91,162.265 225,216606
TOTALASSETS 285,853,871 168,021,792 451875,663 10.111
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows -OPES
153.729
32222
185,951
Deferred oulflows-pension
10.829.758
1.015,567
11.645.325
TOTAL DEFERRED OUTFLOWS OF RESOURCES
10.983.487
1.047,789
12,031,276
LIABILITIES
Accounts payable
Accrued payroll labilities
Accrued Interest payable
Contracts and retairage payable
Unearned revenues
Other labllities
Longterm Iabll6ies. including net pension liability.
Duewilhlnaneyear
Due In more than one year
TOTAL LIABILITIES
2,632,568
1,979,738
4,612,306
93B,(f0B
172.993
1,111,001
-
686.744
686,744
464.817
184.599
649.416
4.375,713
73.161
4,448.874
456,208
112,686
568,889
2,497,677 7303,88E 2,801,561 -
24.583.091 100,936,846 125,519,937
35.948.077 111.450.651 147.398.728
DEFERRED INFLOWS OF RESOURCES
Deferred gain on debt refunding
-
14ZI 17
142,117 -
DefenedInflows -OPEB
452,600
100:495
5531095 -
Defenedlnflows- pension
2.418.01
135.850
2.554.451 -
TOTAL DEFERRED INFLOWS OFRESOURCES
2871,201
379,462
a249.663
NET POSITION
Net Investment In capital assets
203.382.800
60.585.486
243,275,549 -
ResM1icted for:
Debt service
-
2161.004
2,161,004 -
Economic development
$923,069
-
2,923.069 10.111
Public safety
4.571,038
-
4.571.088 -
Publo waft
3,032.971
-
3,032.871 -
Capital proleets
21,146.135
50,576.930
71,723.065 -
Olherpurposes
715,588
-
715,558 -
Unrestricted
22,246.529
(56,0829521
03,143.6861
TOTALNETPOSMON Y
258,018.080 $
57,240.468 $.
315,258.549 3 10,111.
See accompanying notes to the basic financial statements.
Page 1
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See accompanying notes to the basic financial statements.
Page 2
BALANCE SHEET -- GOVERNMENTAL FUNDS
CITY OF OWASSO. OKLAHOMA
June 30, 2024
ASSEfs
Cash and cmh ewwdenls
Inveslmenls
Prepold Items
Reoeivobl..
Aacarnts recelvahle. net of aflo...
Due from other funds
Due hem other O..mr mts
Court limn recelvable. net of afi w nce
Olherreceivobles
Won Noll -Penury Cwital Other Wet
General Recapluse Tax Sties Tax Irn r .them G .Bmnentd Oovemmenkl
Fund Fund Fund Fund Funds Funds
b 11.159050 3 4,562,459 b 3.618.408 3 5,629.438 § 10.517,054 § 35,702AD9
9.814.150 4.013.306 3.182.B85 4,950,101 9515.099 31A95,521
178.122 - 4.519 - - 182,639
19.350 - - - 1.719.806 1.939.156
34.625 - - 507,971 - 622646
5.281.613 3,940 950,058 - 1.002.916 7.038.721
114.641 - - - - 114,641
14e.402 - - - - 148.402
IOTALASSETS $ 26.948.203 $ B.5n.905 $ 7.555.89 3 11.165510 $ 23054R55 $ 77,104.141
LIABILITT6. DEFERRED INFLOWS OF RESOURCES, AND FUND BALANCES
UABRRIFS
Accaunh payable
Accmed payfol IiobUities
Doe to otherfunds
Retdnage payable
uneamed re+enae
OtherllabFites
DEFERRED INFLOWS OF RESOURCES
Unwa0ode revenue- chases for services
FUND BALANCE
Nompendable:
Prepold Items
Residded iw
Economk development
Pubic safely
Pubic works
Capitdprejech
Other
Committed
Pubic safety
Stomwatermaogement
Capildp jech
Aulgned:
GenerN government
Publk safety
ReaeaNan and culture
Pudic wales
CaPilalpmjech
UrosslUned
§ 303,394 $
857..547 3
510,632 S
399.605 § 40S."6 §
2.457,954
236.105
-
636,997
- 52.663
925.955
1.481.049
-
-
- 204.254
1105.603
-
389.843
69463
- 9.911
464.617
30.941
-
-
- 4.334.369
4.365,330
101.203
10T.M3
TOTAL UABIUMES 2152.692
1.242.390
1,214.02
377.605 5.006.513
ID.000A62
618M 943.165 ISO6A35
128.122
- 4,519 -
-
182.639
50
- - -
2.90,019
2.923.069
58,08
- 3503.99B -
1.2D8.652
4591.008
-
- 3M2.831 -
-
3,032091
-
9.332315 - 10.787.905
3.025,915
21.146,135
BZS64
- - -
633D24
915.588
-
- - -
2.224.210
2.224,210
-
- - -
4.078,130
6,098,130
1,010.229
1.010.221
211856 - - - - 212,856
38944 - - - - 3019"
42,983 - - - - WILT
13.331 - - - - 13331
2,000,000 - _ _ _ 2000.000
21,905.173 21.905.1n
TOTAL FUND BALANCES 241SM60 9.332.315 6.341.186 11A82.909 17,103.1n 66.099.244
TOTAL UABIU➢ES DFFFRRFD INFLOWS OF
RESOURCES. AND FUND BAIA49CF5 $ 26.240.203 $ B.S29.705 $ 9.555.865 S 11,165.510 $ 23.DM.855 $ 92,104,141
See accompanying notes to the basic Financial statements.
Page 3
RECONCILIATION OF GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET POSITION
CRY OF OWASSO, OKLAHOMA
June 30, 2024
Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position
Total fund balances -governmental funds
Amounts reported for governmental activities in the Statement of Net Position are different because:
Capital assets used in governmental activities are not financial resources and, therefore,
are not reported In the funds, net of accumulated depreciation and amortization of $116,643,192
and net of capital assets of Internal Service Funds of $186,176
Certain assets are not available to pay for current fund (abilities and, therefore, are deferred in the funds:
Accounts receivable
Net pension asset
Internal service funds are used by management to charge the costs of certain activities, such as
insurance, to individual funds. The assets and liabilities of the internal service fund are included in
governmental activities in the Statement of Net Position.
Net position of the Internal Service Fund
Internal service fund Interfund balance resulting from net revenues reported in business -type activities
Certain long -tern liabilities and related deferred inflows and outflows of resources are not due
and payable from current financial resources and, therefore, are not reported in the funds:
Leases obligations payable
SBITA payable, net of Internal Service Funds of $4,051
Other liability
Accrued compensated absences, net of Infernal Service Funds of $13,023
Total OPEB liability and related deferred inflows of resources and deferred outflows of resources,
net of Internal Service Funds of $24,392
Net pension liability and related deferred inflom of resources and deferred outflows of resources,
net of Internal Service Funds of $6,416
Net position of governmental activities
$ 66.097,244
204,818,960
1,006,035
394.080
5,115,529
(980,358)
(795,439)
(358,029)
(355,000)
(3,100,360)
(2,013,585)
(11,810.997)
$ 258,018,080
See accompanying notes to the basic financial statements.
Page 4
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES --GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended Jun. 30. 2024
Vlson
Holf-Penny
Capital
Other
Total
Geneml
Recapture Tax
Sales Tan
Improvement
Governmental
Govammanlal
Fund
Fund
Fund
Fund
Funds
Funds
REVENUES
Taxes
.$ 40,442,253
3 3,207.461
$ 5,627.814
$ -
$ 4,193,390
$ 53.470,918
Intergovernmental
4,196,555
109.672
137.405
-
1,873,638
6,317270
Charges far services
795.524
-
-
73.044
5.118,214
5,986.782
Fines and forfeitures
420.351
-
-
-
-
420.351
❑censer and permits
337,167
-
-
-
117,212
456.379
Investment lnmme
743,648
573.350
34y712
408,845
509,569
2578,124
Miscellaneous
330.917
14.772
9,625
442,056
797.370
TOTAL REVENUES
47.268,415
3,090.483
6.122703
491.514
12.254,079
70.027,194
EXPENDITURES
Current:
General government
5.350.754
-
-
-
15,562
5.366,316
Public safety
18,192,447
-
5.347.977
-
3,480,902
27.021.326
Community development
954.869
-
-
-
-
954,869
Recreatlon and culture
1.724,79)
-
-
-
-
1.724,791
Economic development
157.923
-
-
-
324.813
4BZ736
Public works
1,744,939
-
Z.172291
-
742,171
4,659.401
Capitaloullay
825.439
16.215.702
3.261,758
6,618,624
2407299
29328.822
TOTAL EXPENDITURES
28,951,162
16.215.702
10,782.026
6.618,624
6.970.747
69,538.261
Revenues over (under) expenditures
18.317.253
(12,325,2191
14,659,3231
f6.127.110I
5.283.332
488.933
OTHER FINANCING SOURCES (USES)
Leases(as lessee)
36,173
-
211,438
-
-
247.611
SERA
23,966
-
24.906
-
20.764
69,636
Transfers in
22.312,301
-
1,134.515
5.737.034
1.200000
30.353,850
Transfers out
136,817,3481
0,215.116)
138,032.4641
TOTAL OTHER FINANCING SOURCES(USES)
(14.444.9081
1,370.859
5.737.D34
5,648
0,331,3671
NET CHANGE IN FUND BALANCES
3.672,345
(12,325.219)
(3,288,464)
1390,076)
5.288,980
(6,842434)
FUND BALANCES- BEGINNING OF YEAR
20,660.316
19.657.534
9.629.650
11.177.981
11.814,197
72939.678
FUND BALANCES -END OF YEAR $ 24532661 $ 7,332.315 $ 6,341,186 $ 10.787.905 3 17,103,177 $ 66,097.244
See accompanying notes to the basic financial statements.
Page 5
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Reconciliation of the Statement of Revenues, Expenditures, and Changes in
Fund Balances of Governmental Funds to the Statement of Activities:
Net change in fund balances -total governmental funds $ (6,842,434)
Amounts reported for governmental activities in the Statement of Activities
are different because:
Governmental funds report capital outlays as expenditures, while
governmental activities report depreciation and amortization expense
to allocate those expenditures over the life of the assets:
Capital asset purchases capitalized 29,887,488
Depreciation and amortization expense (9,860,769)
Loss on disposal of capital assets 255
20.026,974
Revenues in the Statement of Activities that do not provide current
financial resources are not reported as revenues in the funds:
Contributed assets 3,224,785
Change In deferred inflow related to court bonds 55,130
Change in deferred inflow related to ambulance billings 177.580
3,457,495
Debt proceeds provide current financial resources to governmental funds,
but issuing debt increases long-term Liabilities in the Statement of Net Position.
Leases issued (247,611)
SBITAs issued f69,6361
317,247
Some expenses reported in the Statement of Activities do not require
the use of current financial resources and, therefore, are not reported
as expenditures in governmental funds:
Leases and SBITAs
317,247
Other liability
(355,000)
Accrued compensated absences, net of Internal Service funds of $3,987
(445,204)
Total other post -employment benefit liability, net of Internal Service Funds of $433
(68,584)
Pension (revenues) expenses
(741,384)
1,292.925
Internal service funds are used by management to charge the costs of
certain activities, such as insurance, to indvidual funds. The assets and
liabilities of the internal service fund is included in governmental activities
in the Statement of Net Position.
Total change in net position of the internal service fund 4,351
Net revenues of internal service funds reported in business -type activities (18,6031
(14,2521
Change in net position of governmental activities $ 15,017,611
See accompanying notes to the basic financial statements.
Page 6
STATEMENT OF NET POSITION --PROPRIETARY FUNDS
CITY OF OWASSO, OKLAHOMA
June 30, 2024
ASSETS
CURRENTASSETS
Cash and cosh equivalents
Investmenls
Resfdcted cash and cash equivalents
Accounts receivable, net of allowance
Other receivables
Due from other funds
Due from other governments
Prepaid Items
Inventory
NONCURRENTASSETS
Restricted assets
Cash and cash eauivslenis
Land and construction In progress
Otherdepreciable capital assets. net
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows -OPEB
Deferred outflows -pension
LIABILITIES AND NO POSITION
CURRENT UABILITIES
Accounts payable
Accrued payroll liabilities
Interest payable
Contracts and relainage payable
Unearned revenue
Due to other funds
Olherliabililies
Current portion of noncurrent liabifities:
Financed purchases
Deposits subject to refund
Notes payable
Revenue notes potable
SUTAobligaflons
Lease obligations
Total OPM liability
Incurred but not reported cosines
Accrued compensated absences
NONCURRENT UABILIUES
Financed purchases
Deposits subject to refund
Notes payable, net
Revenue notes payable
Si obligations
Lease obligations
Pension liability
Total OPEB liab8lty
Incurred but not reported claims
Accrued compensated absences
DEFERRED INFLOWS OF RESOURCES
Defected gain on debt refunding
Deferred inflow,-OPEB
Deferred inflow -pension
Enterprise Funds
Owasso Owasso Internal
Public Works Public Golf Service
Authority Authadly Total Funds
$ 7.144.029 E
39,037 $
7.532,066 $ 3,308,3dd
6,284,150
341.331
6.625,481 2910.141
52737,934
-
52737.934 -
2204,696
-
2,2114,696 -
-
14,785
14.785 10.055
1,651.128
-
1,651.128 -
459,881
-
459.581 6,788
-
1.200
I= 39.541
95,049
95,049 -
TOTAL CURRENT ASSETS 70.481.818
840.W2
71.322.22D 6,274,110
908,666
-
M8,666
-
3.812,541
165,519
3.978.060
88.810.945
2,351,320
91,162.265
186.176
TOTAL NONCURRENT ASSETS 93.SS2.I52
2.516,839
96.048.991
186.176
TOTAL ASSETS 164,013.970
3,357.241
167,371.211
6,461.045
25,769 6,045 31,814 2104
822.846 175,127 997.973 90,801
TOTAL DEFERRED OUTFLOWS 848.615 181.172 1.029787 92.905
1,869,075
68,696
lIZ427
9,621
686,744
-
184,599
-
7D,665
W7,971
80,645
32,041
91,361
199,907
Lih?5,946
-
4.881,000
-
22756
4.20E
75,430
81958
2513
11.191
85,607 24,642
TOTAL CURRENT LIABILITIES 10.584.650 369.W3
708,757
40.409,576
57,817.000
7.773
141.907
760M5
W1726
96,06
TOTAL NONCURRENT LVAILITIES IOD.243.482
TOTALLIABIUTIES II0.11M 132
285.310
7,835
21,486
168982
57.936
1.937.771
2161581
170,045
15,198
686.744
-
184.599
70.665
12879
587.971
112.686
9T361
191.907
1795.946
4.881,000
2696d
5.024
84.SB8
-
13,734
9M
511.85`1
110.249
6.121
10.954.033
768,590
285.310
-
708.759
40,409,576
-
57.817.000
-
15.608
143.393
929,187
82,904
359,662
24,439
-
532746
27.787 124.323 6.902
U7336 IMA12.818 646.791
938719 111,766,851 1,415.581
142117 - 142.117 -
81,852 17.290 99.142 61985
114,366 10,412 132.778 15.11M
TOTAL DEFERRED INFLOWS 338,335 35.702 374,037 aBAI
NET POSITION
Nei investment In capilalassels 58488,778
2097,681
60,586A59
181.152
Restricted tor.
Debt service 2161.004
-
2.161.004
-
Capital projects 50,576,930
50576,930
-
Unresidctetl 19,530.5941
466.311
(57.064,2831
4.934.377
TOTAL NET POSITION 3 53,696.118
$ 2,563.992 $
56.260,110
$ 5.115.529
Some amounts reported for business -type activities in the Statement of Net Position are different because certain internal
service fund balances are included W lh busine Wype activities and reported as Interfund balances
980.358
Total buenesr-type activities net position per Governmeul-Wide financial stalemenls
E
57,240.d68
See accompanying notes to the basic financial statements.
Page 7
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION. -PROPRIETARY FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
OPERATING REVENUES
Charges for services:
Wafer
Wastewater
Refuse
Recycle
Penallies/late charges
Golf
Internal service charges for services
Other
OPERATING EXPENSES
Utility biEing
Administration
Water
Wastewater treatment plant
Wastewatercollection
Refuse collections
Recyclecenter
TIF/ economic development
Golf
Claims expense
Cltygarage
Depreciation and amortization
Other
TOTAL OPERATING REVENUES
TOTAL OPERATING EXPENSES
OPERATING INCOME (LOSS)
NONOPERA71NG REVENUES (EXPENSES)
Owasso Owasso Internal
Public Works Public Golf service
Authority Authority Total Funds
g 8,034.272 $ - 8 B.034,272 $
6,739,355 - 6,739,355
2,797,137 - 2,797.137
39,197 - 39,197
247,592 - 247.592
- 1,055,540 1,055,540
- - - 9,610,405
778.034 8,666 786.700 156,441
18,635,587 1.064,206 19.699,793 9.766,846
591,299
-
591.299
-
1,223.516
-
1.223,516
2,D48,075
4,556.647
-
4.556,647
-
1.483A28
-
1.483,028
-
1,390,270
-
1,390,270
-
1,501527
-
1,501.527
-
253,060
-
253,060
-
144,121
-
344,121
-
-
1.863,162
1,863.162
-
-
-
-
7,071,169
-
-
-
852.648
2.504,678
316,194
2,820,872
40,913
278.30D
278,300
14,126,446
2,179,356
16.305.802
10012,805
4,509.141
11,115,1501
3,393,991
(245.9591
Investment Income
877,499
27,789
905288
235.586
Interest expense
(2.955.0041
f4361
12.955,440)
(3511
TOTAL NONOPERATING REVENUES )EXPENSES)
I2.077,5051
27.353
f2,050.1521
235.235
Net Income (loss) before contributions and transfers
2431.636
(1,087,797)
1,343.839
(10.724)
Capital contributions
1,787,577
-
1,787,577
15.075
Transfers in - required
34,797,949
-
34,797,949
-
Transfers In- other
-
900,0D0
90010U0
_
Transfers out
(26,049.3351
(25,049,335)
CHANGE IN NET POSMON
10,967.827
1187.797)
10.780.030
4.351
NET POSITION - BEGINNING
42,728.291 2,751,789 45,480.080 5,111,178
NET POSITION - ENDING 8 53,696,118 $ 2,563,992 $ 56.260,110 $ 51115.W
Change in net position per above 10.780,030
Some amounts reported for business -type activities in the Statement of Activllles are different
because the net revenue of certain internal service funds is reported With business -type activities 18.603
Change in Business -Type Activities Net Position per Government -Wide Financial Statements $ 10.798,633
See accompanying notes to the basic financial statements.
Page 8
STATEMENT OF CASH FLOWS --PROPRIETARY FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers
Payments to suppliers
Payments to employees
Receipts of customer meter deposits
Customer meter deposits refunded or applied
Other receipts (payments(
NET CASH FROM
OPERATING ACTIVITIES
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Tramfers from other funds
Transfers to other funds
NET CASH FROM
NONCAPITAL FINANCING ACTIVITIES
CASH ROWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Acquisition and construction of capital assets
Payments an financed purchases
Payments on SBITA obligation
Payments on lease obligation
Payments on capital debt
Issuance of capital debt
NET CASH FROM
RELATED FINANCING ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments
Sales of investments
Investment income received
NET CASH FROM
INVESTING ACTIVITIES
NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS
BALANCES - BEGINNING OF YEAR
BALANCES - END OF YEAR
Owosso Owasso Internal
Public Works Pubic Golf Service
Authority Authority Total Funds
$ 17,622,878
$ 1,073,560
$ 18,696,438 $
9,601,410
(6,923,851)
(609,668)
(7,533,519)
(9,106,112,
(4,136,760)
(1,294,643)
(5,431,4031
(636,531;
202,792
-
202,792
-
(169,912)
-
(169,912)
-
1274,2421
8,666
1265,5761
149,653
020,905
[822.0851
5,498,820
8,420
34,797,949 900.000 35,697,949
128,049,3351 128,049,3351
6.748.614 900,000 7.648,614
(4.003,790)
(231,855)
14,235,645) (23,966)
-
(102,990)
(102,990) -
(21.9331
(4,2421
(26,175) 17,630)
[71,537)
17,0401
(78,577) -
(7,034,066)
-
(7,034,066) -
51,503.498
51,503,498
40,372.172 1346.1271 40,026,045 131,5961
(3.759,6191 - (3,759,6191 1387,068)
- 66,248 66248 -
877.499 27,353 904,852 235.586
12.882,1201 93,601 (2.788.5191 1151,4821
50,559,571 (174,611) 50.384,960 (174,658)
10231,058 562,648 10,793,706 3,483.002
$ 60.790,629 E 388,037 $ 61,178,666 E 3,308,344
(Continued)
See accompanying notes to the basic financial statements.
Page 9
STATEMENT OF CASH FLOWS --PROPRIETARY FUNDS --Continued
CITY OF OWASSO, OKLAHOMA
Forihe fiscal year ended June 30, 2024
RECONCILIATION OF OPERATING INCOME
(LOSS) TO NET CASH FROM OPERATING ACTIVITIES
Operating income (loss)
Adjustments to reconcile operating income (loss)
to net cash from operating activities:
Depreciation and amortization expense
Change in assets, deferred outflows of resources,
liabilities, and deferred inflows of resources:
Accounts receivable, net
Other receivables
Inventory
Prepaid
Due from other funds
Due from other governments
Accounts payable
Accrued payroll liabilities
Unearned revenue
Due to other funds
Other liabilities
Deposits subject to refund
Pension
OPEB
Incurred but not reported claims
Accrued compensated absences
NET CASH PROVIDED BY (USED INJ
OPERATING ACTIVITIES
NONCASH ACTIVITIES
Contributed capital assets
RECONCILIATION OF CASH AND CASH
EQUIVALENTS TO THE STATEMENT
OF NET POSITION
Cash and cash equivalents -current
Cash and cash equivalents- restricted current
Cash and cash equivalents -restricted noncurrent
TOTAL CASH AND CASH EQUIVALENTS
Enterprise Funds
Owasso Owasso Infernal
Public Works Public Golf Service
Authority Authority Total Funds
$ 4509,141 $ (1,115,150) $ 3.393,991 $ (245.959)
2,504,678
316,194
2,820,872
40,913
(198,342)
-
(198,342)
-
2,864
23,661
26,525
(8.995J
-
(15,5141
(15,514)
-
-
-
-
(1.541)
(133,979)
-
1133,979)
-
(459,8811
-
(459,8811
16,788)
194,536
(58,157)
136,379
80,251
(7,950J
9,126
1,176
15,673)
-
15,641)
(5,641)
7,178
(219,313)
-
(219,313)
-
(12,906)
(1,359)
(14,265)
-
32,880
-
32,880
-
68,551
15,295
83,846
7,032
11,662
2,777
14,439
1,110
-
-
-
139,200
28,964
6.683
35,647
(308)
$ 020,905 $ 1822.085) $ 5.498.820 $ 8,420
$ 1,787,577 $ $ 1,787,577 $
$ 7,144,029 $ 388,037 $ 7.532,066 $ 3,308,344
52,737,934 - 52,737,934 -
908,666 908,666
$ 60,790.629 $ 388,037 $ 61.T78,666 $ 3.308,344
(Concluded)
See accompanying notes to the basic financial statements.
Page 10
NOTES
TO BASIC
FI NAN
STATEMENTS
NOTES TO BASIC FINANCIAL STATEMENTS
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
TABLE OF CONTENTS
Note 1 - Summary of Significant Accounting Policies
A. Financial Reporting Entity
B. Basis of Presentation
C. Measurement Focus and Basis of Accounting
D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and
Net Position/Fund Balance
E. Internal and Interfund Balances and Activities
F. Revenues, Expenditures, and Expenses
G. Use of Estimates
H. Pensions and Other Post -Employment Benefits
Note 2-Stewardship, Compliance, and Accountability
A. Deposits and Investments Laws and Regulations
B. Debt Restrictions and Covenants
C. Fund Equity / Net Position Restrictions
Note 3 - Detail Notes -Transaction Classes / Accounts
A. Deposit and Investment Risks
B. Accounts Receivable
C. Restricted Assets
D. Capital Assets
E. Leases
F. Subscription -Based IT Arrangements
G. Long -Term Debt
H, Interfund Balances and Activities
Note 4- Other Notes
A. Employee Pension Plans
B. Other Post -Employment Benefits
C. Risk Management
D. Commitments and Contingencies
Note 5 - Future Accounting Pronouncements
Note 6 -Subsequent Events
FN Page 1
NOTES TO BASIC FINANCIAL STATEMENTS— Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
NOTE 1--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
These financial statements are prepared as required by generally accepted accounting
principles promulgated by the Governmental Accounting Standards Board (GASB). The
accounting and reporting framework and the more significant accounting policies are discussed
in subsequent sections of this note.
1. A --Financial Reporting Entity
The City of Owasso is organized under the laws of the State of Oklahoma and is governed by a
five -member elected board. As required by generally accepted accounting principles (GAAP),
these financial statements present the primary government and its component units. Blended
component units, although legally separate entities, are in substance part of the government's
operations.
The City's financial reporting entity is comprised of the following:
Primary government: City of Owasso
Blended Component Units: Owasso Public Works Authority
Owasso Public Golf Authority
Discretely Presented Component Unit: Owasso Economic Development Authority
In determining the financial reporting entity, the City complies with the provisions of all relevant
GASB Standards and includes all component units for which the City is financially accountable.
Each of these component units is a Public Trust established pursuant to Title 60 of Oklahoma State
law. Public Trusts (Authorities) have no taxing power. The Authorities are generally created to
finance City services through issuance of revenue bonds or other non -general obligation debt
and enable the City Council to delegate certain functions to the governing body (Trustees) of the
Authority. The Authorities generally retain title to assets which are acquired or constructed with
Authority debt or other Authority generated resources. In addition, the City has leased certain
existing assets at the creation of the Authorities to the Trustees on a long-term basis. The City, as
beneficiary of the Public Trusts, receives title to any residual assets when a Public Trust is dissolved.
Blended Component Units: Blended component units are entities that meet the component unit
criteria described above and are, in substance, part of the City's operations, even though they
are legally separate entities. These component units' funds are blended into those of the City's by
appropriate fund category to comprise the primary government presentation.
FN Page 2
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The component units that are blended into the primary government's fund categories are
presented below:
Component Unit Brief Description/Inclusion Criteria
Owasso Public Created January 10, 1973, to finance, develop, and
Works Authority operate the water, wastewater, and refuse disposal
facilities. The current City Council serves as entire
governing body (Trustees) of the OPWA, and
management of the City has operational responsibility
for the OPWA. Any issuances of debt would require a
three-quarters approval of the City Council.
Owasso Public Created August 8, 1989, to acquire, construct, own,
Golf Authority maintain, equip, operate, and conduct a golf course
and incidental facilities. The current City Council serves
as entire governing body (Trustees) of OPGA, and
management of the City has operational responsibility
for the OPGA. Any issuances of debt would require a
three-quarters approval of the City Council.
Included
Funds
OPWA
Enterprise
Fund
OPGA
Enterprise
Fund
Discretely Presented Component Units: Discretely presented component units are separate legal
entities whose governing body (in majority) is appointed by the Mayor or City Council, but these
entities do not meet the criteria for blending. Since these component units are not as closely
associated with the primary government as are blended component units, they are reported in
discretely presented columns on the government -wide financial statements labeled
"Component Units." The City has one component unit that is discretely presented in the City's
report as described below:
Owasso Created October 21, 1987, to promote and encourage
Economic development of industry and commerce on behalf of
Development the City. The OEDA governing body is comprised of
Authority seven members: one council member of the
(OEDA) Beneficiary, one board member of the Chamber of
Commerce, and five appointed members. Any
issuances of debt would require a two-thirds approval
of the City Council.
The discretely presented and the blended component units of the City do not issue separately
audited financial statements.
FN Page 3
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
1.8--Basis of Presentafion
Government -Wide Financial Statements: The statement of net position and statement of activities
display Information about the City as a whole. They include all funds of the reporting entity
except for fiduciary funds. The statements distinguish between governmental and business -type
activities. Governmental activities generally are financed through taxes, intergovernmental
revenues, and other non -exchange revenues. Business -type activities are financed in whole or in
part by fees charged to external parties for goods or services.
Fund Financial Statements: Fund financial statements of the reporting entity are organized into
funds, each of which is considered to be a separate accounting entity. Each fund is accounted
for by providing a separate set of self -balancing accounts which constitute its assets, liabilities,
deferred inflows and outflows of resources, fund equity, revenues, and expenditures/expenses.
Funds are organized into two major categories: governmental and proprietary. The City presently
has no fiduciary funds. An emphasis is placed on major funds within the governmental and
proprietary categories. A fund is considered major if it is the primary operating fund of the City or
meets the following criteria:
a) Total assets, liabilities, revenues, or expenditures/expenses of that individual governmental or
enterprise fund are at least 10 percent of the corresponding total for all funds of that category
or type, and
b) Total assets, liabilities, revenues, or expenditures/expenses of that individual governmental or
enterprise fund are at least 5 percent of the corresponding total for all governmental and
enterprise funds combined.
c) A fund that does not meet the criteria of (a) and (b) but which management has determined
is of such significance to be reported as a major fund.
The funds of the financial reporting entity are described below:
GOVERNMENTAL FUNDS:
General Fund: The General Fund is the primary operating fund of the City and is always classified
as a major fund. It is used to account for all activities except those legally or administratively
required to be accounted for in other funds.
Special Revenue Funds: Special Revenue Funds are used to account for the proceeds of specific
revenue sources that are legally or administratively restricted or committed to expenditure for
certain purposes. The reporting entity includes the following special revenue funds:
Major Fund Brief Description
Half -Penny Sales Tax Fund Accounts for half -penny sales tax revenue. Funds are
restricted to operational or capital expenditures for Police,
Fire, and Streets functions. Fire and Police each receive 35%
of the revenue and Streets receives 307. of the revenue.
FN Page 4
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Nonmaior Funds Brief Description
Ambulance Service Fund Accounts for the revenue received from ambulance
subscriptions and billings. Allocated revenue is 85% of receipts
for ambulance billings and subscriptions.
Emergency 911 Fund Accounts for the revenue received from the emergency
service fee on telephone bills. Funds are used to pay monthly
service charges for the 911 system. Remaining funds may be
used for any other emergency communications need.
Cemetery Care Fund Accounts for 12.5% of revenue from cemetery service fees (lot
sales and interments). These funds may only be used for
capital improvements to the cemetery.
Emergency Siren Fund Accounts for the per acre fees received when new
subdivisions are platted as required by subdivision regulations.
Funds are used for the acquisition and/or purchase of
emergency sirens.
Juvenile Court Fund Accounts for fines generated as a result of prosecution of
juveniles under the "Agreement for Municipal Court
Jurisdiction Concerning Juveniles." Funds are used for local
programs that address problems of juvenile crime.
Hotel Tax Fund Accounts for a 3% hotel tax to be used in economic
development and promotion of tourism and a 2% hotel tax
designated to fund the Owasso Strong Neighborhoods
Initiative.
Stormwater Management Accounts for revenues derived from the storm water system
Fund service charge. Funds are used for expenses attributable to
storm water management services.
Federal Grants Fund Accounts for large Federal grants received by the City.
Currently, the fund includes revenue and expenses related to
the Coronavirus State and Local Fiscal Recovery Funds
program, a part of the American Rescue Plan Act.
Opioid Settlement Fund Accounts for funds received from a settlement for
pharmaceutical opioids which have harmed the City of
Owasso and its citizens.
FN Page 5
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Capital Project Funds: Capital Project Funds are used to account for resources restricted,
committed, or assigned for the acquisition or construction of specific capital projects or items. The
reporting entity includes the following capital project funds:
Maior Funds Brief Description
Vision Recapture Tax Fund Accounts for 55/100th's sales tax revenue for periods from
January 1, 2017, to December 31, 2023. Funds are restricted to
capital expenditures for street projects approved by the
citizens of Owasso in January 2016.
Capital Improvement Fund Accounts for the funds remaining from the one -cent capital
improvements sales tax after payment of principal and interest
on debt to fund capital projects. The expenditure items in this
budget are based on priorities and recommendations
established by the capital improvements committee and
approved by the City Council.
Nonmaior Funds Brief Description
Ambulance Capital Fund Accounts for the fifteen percent (15%) of revenue from
ambulance billings and subscriptions. Expenditures are for
ambulance capital outlay for ambulance service.
Tax Incremental Financing Accounts for TIF tax revenues generated within the Owasso
Fund (TIF) Increment District No. 1 (Redbud District). TIF revenues are
comprised of 2% sales fax on businesses locating within the TIF
district after December 20, 2016, and property taxes related to
increases in the property tax base within the TIF District
subsequent to the December 20, 2016, creation date. Funds
are restricted to capital expenditures within the Redbud
District.
Park Development Fund Accounts for revenue received from building permit charges
required by ordinance as in -lieu -of payments in subdivisions
that do not donate park property. Funds are used for
improvements to and development of the park system.
Capital Project Grant Fund Accounts for grant revenue from state and federal grants.
Funds are used for capital improvements as specified in grant
contracts.
Transportation Tax Fund Accounts for 55/100th's sales tax revenue for periods after
December 31, 2023. Funds are restricted to capital
expenditures for transportation projects.
FN Page 6
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Debt Service Fund: The debt service fund accounts for ad -valorem taxes levied by the City for use
in retiring judgments and their related interest expense. Issuance of General Obligation debt
requires voter approval. The City has neither any outstanding General Obligation debt nor voter
approval to issue General Obligation debt.
Proorietary Funds: Proprietary funds include both enterprise funds and internal service funds.
Enterprise funds are used to account for business -like activities provided to the general public.
Internal service funds are used primarily to account for governmental activities provided and
charged to other funds or entities within the reporting entity. Proprietaryfund operating revenues
and expenses, such as charges for services and costs, and depreciation on capital assets, result
from exchange transactions associated with the principal activity of the fund. Non -operating
revenues and expenses of the proprietary funds include such items as investment earnings,
interest expense and subsidies. The reporting entity includes the following enterprise funds and
internal service funds:
Enterprise Funds:
Funds Brief Description
Owasso Public Works Accounts for activities of the public trust in providing water,
Authority wastewater and refuse disposal services to the public.
Owasso Public Golf Authority Accounts for activities of the public trust in providing
recreational golf activities to the public.
Internal Service Funds:
Funds Brief Description
Vehicle Maintenance Fund Accounts for the financing of goods and services provided by
one department to other departments of the City. The
vehicle maintenance department invoices for vehicle parts
and services used by other departments.
Workers' Comp Accounts for the funds reserved for the payment of expenses
Self -Insurance Fund and administration for workers' compensation benefits for all
City employees. Expenditures from this fund are approved by
the City Council but, by ordinance, are not subject to
limitations on spending amounts as are other City purchases.
General Liability Accounts for the funds reserved for payments of expenses of
Self -Insurance Fund property claims and for collision repairs to City vehicles. The
City carries only liability insurance on City vehicles.
Healthcare Services Accounts for the funds reserved for the payment of expenses
Self -Insurance Fund and administration for healthcare benefits for all City
employees. The Plan is administered by a third -party
administrator.
FN Page 7
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
I.C--Measurement Focus and Basis of Accounting
Measurement focus is a term used to describe how transactions are recorded within the financial
statements. Basis of accounting refers to when transactions are recorded regardless of the
measurement focus applied.
Measurement Focus: On the government -wide statement of net position and the statement of
activities, bath governmental and business -type activities are presented using the economic
resources measurement focus as defined in item 2, below.
In the fund financial statements, the "current financial resources" measurement focus or the
"economic resources" measurement focus is used as appropriate:
1. All governmental fund types and similar component units utilize a "current financial
resources" measurement focus. Only current financial assets, liabilities and deferred inflows
and outflows are generally included on their balance sheets. Their operating statements
present sources and uses of available spendable financial resources during a given period.
These funds use fund balance as their measure of available spendable financial resources at
the end of the period.
2. Proprietary fund types and similar component units utilize an "economic resources"
measurement focus. The accounting objectives of this measurement focus are the
determination of operating income, changes in net position (or cost recovery), financial
position and cash flows. All assets, liabilities and deferred inflows and outflows (whether
current or noncurrent, financial or nonfinancial) associated with their activities are reported.
Proprietary fund equity is classified as net position.
Basis of Accounting: In the government -wide statement of net position and statement of activities
both governmental and business -type activities are presented using the accrual basis of
accounting. Under the accrual basis of accounting, revenues are recognized when earned and
expenses are recorded when the liability is incurred or economic asset is used. Revenues,
expenses, gains, losses, assets, and liabilities resulting from exchange and exchange -like
transactions are recognized when the exchange takes place.
In the fund financial statements, governmental funds are presented on the modified accrual
basis of accounting. Under the modified accrual basis of accounting, revenues are recognized
when "measurable and available." Measurable means knowing or being able to reasonably
estimate the amount. Available means collectible within the current period or soon enough
thereafter (defined by the City as 180 days after year-end for intergovernmental grants and 60
days after year-end for other receivables) to pay current liabilities. Sales and use taxes, franchise
taxes, hotel taxes, grants, court fines, and interest are considered susceptible to accrual.
Expenditures (including capital outlay) are recorded when the related fund liability is incurred,
except for general long-term debt principal and interest, claims and judgments, pension and
OPEB costs, and accrued compensated absences, which are recorded as expenditures to the
extent they have matured. Proceeds of general long-term debt and financed purchases are
reported as other financing sources.
All proprietary funds utilize the accrual basis of accounting. Under the accrual basis of
accounting, revenues are recognized when earned, and expenses are recorded when the
liability is incurred or economic asset is used.
FN Page 8
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
I.D--Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance
Cash and Cash Equivalents: Cash and cash equivalents include all demand, savings accounts,
and certificates of deposit or short-term investments with an original maturity of three months or
less at the date of purchase.
Restricted Cash: Includes revenue bond, customer deposits and promissory note trust account
investments in open-ended mutual fund shares reported at the funds' amortized cost,
Investments: Investments include certificates of deposit or short-term investments with an original
maturity of three months to one year at the date of purchase. Investment income reflected in the
proprietary statements is considered non -operating income.
Receivables: Material receivables in governmental funds include revenue accruals such as sales
tax, use tax, franchise tax, and grants and other similar intergovernmental revenues since they
are usually both measurable and available. Non -exchange transactions collectible but not
available are reported as deferred inflows of resources at the fund level. Interest and investment
earnings are recorded when earned only if paid within 60 days since they would be considered
both measurable and available at the fund level.
Material receivables in proprietary funds consist of all revenues earned at year-end and not yet
received. Utility accounts receivable and interest earnings comprise the majority of proprietary
fund receivables.
Allowances for uncoilectible accounts receivable for governmental and proprietary funds are
based upon historical trends and the periodic aging of accounts receivable. Court receivables
are reported net of $899,987 for allowance for doubtful accounts.
Inventories: The City has chosen to record consumable materials and supplies as expenditures in
the governmental funds at the time of purchase, and year-end inventory on -hand is not material;
therefore, no balances for inventory on -hand are reported on the balance sheet for such funds.
However, in the Owasso Public Golf Authority, the golf pro shop and food/beverage inventory is
recorded as an asset when purchased and expensed when consumed. Such inventory is valued
at the lower of cost or market. No inventory is kept on hand for the Owasso Public Works Authority.
Capital Assets: The accounting treatment of property, plant, and equipment (capital assets)
depends on whether the assets are used in governmental fund operations or proprietary fund
operations and whether they are reported in the government -wide or fund financial statements.
Government -Wide and Proprietary Fund Statements: In the government -wide and proprietary
fund financial statements, property, plant, and equipment are accounted for as capital assets.
The City's capitalization threshold is $5,000. All capital assets are valued at historical cost, or
estimated historical cost if actual is unavailable, except for donated capital assets, which are
recorded at their acquisition value at the date of donation, and right -to -use lease and
subscription assets, the measurement of which is discussed below. General infrastructure assets
(such as roads, bridges, and traffic systems) acquired prior to July 1, 2002 are reported at
estimated historical cost using deflated replacement costs. The cost of normal maintenance
and repairs to these assets that do not add materially to the value of the assets or extend the
assets' useful lives are not capitalized.
FN Page 9
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Depreciation and amortization of all exhaustible capital assets are recorded as operating
expenses in the proprietary fund financial statements and allocated expenses in the
government -wide statement of activities, with accumulated depreciation and amortization
reflected in the statement of net position. Depreciation and amortization are provided over the
assets' estimated useful lives using the straight-line method of depreciation. The range of
estimated useful lives by type of asset is as follows:
Buildings 50 years
Other improvements 10-50 years
Infrastructure 15-50 years
Equipment and vehicles 5-10 years
Governmental Fund Financial Statements: In the governmental fund financial statements,
capital assets acquired are accounted for as capital outlay expenditures. Depreciation and
amortization are not recognized.
Restricted Assets: Restricted assets include current and non -current assets of enterprise funds and
business -type activities that are legally restricted as to their use based on repayment obligations.
Leases: The City is a lessee for leases of machinery and equipment. The City recognizes a lease
obligations payable and an intangible right -to -use lease asset (lease asset) in the statement of
net position. The City recognizes lease obligations payable with an initial, individual value of
$5,000 or more.
At the commencement of a lease, the City initially measures the lease obligations payable at the
present value of lease payments expected to be made during the lease term. Subsequently, the
lease obligations payable is reduced by the principal portion of lease payments made. The lease
asset is initially measured as the initial amount of the lease obligations payable, adjusted for lease
payments made at or before the lease commencement date, plus certain initial direct costs.
Subsequently, the lease asset is amortized on a straight-line basis over its useful life.
Key estimates and judgments related to leases include how the City determines (1) the discount
rate it uses to discount the expected lease payments to present value, (2) lease term, and (3)
lease payments. The City uses the interest rate charged by the lessor as the discount rate. When
the interest rate charged by the lessor is not provided, the City generally uses its estimated
incremental borrowing rate as the discount rate for leases. The lease term includes the
noncancellable period of the lease. Lease payments included in the measurement of the lease
obligations payable are composed of fixed payments and purchase option price that the City is
reasonably certain to exercise.
The City monitors changes in circumstances that would require a remeasurement of its leases and
will remeasure the lease assets and obligations payable if certain changes occur that are
expected to significantly affect the amount of the lease obligations payable.
Lease assets are reported with other capital assets and lease obligations payable are reported
with long-term debt on the statement of net position.
Subscription -Based Information Technology Arrangements (SBITAs): The City has entered into
various SBITAs. The City recognizes a SBITA obligations payable and an intangible right -to -use
FN Page 10
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
subscription asset (subscription) in the statement of net position. The City recognizes SBITA
obligations payable with an initial, individual value of $5,000 or more.
At the commencement of a subscription, the City initially measures the SBITA obligations payable
at the present value of subscription payments expected to be made during the subscription term.
Subsequently, the SBITA obligations payable is reduced by the principal portion of subscription
payments made. The subscription asset is initially measured as the initial amount of the SBITA
obligations payable, adjusted for subscription payments made before the subscription
commencement date, plus capitaliizable implementation costs, less any incentives received from
the SBITA vendor at or before the commencement of the subscription term. Subsequently, the
subscription asset is amortized on a straight-line basis over the subscription term.
Key estimates and judgments related to SBITAs include how the City determines (1) the discount
rate it uses to discount the expected subscription payments to present value, (2) subscription
term, and (3) subscription payments. The City uses the interest rate charged by the vendor as the
discount rate. When the interest rate charged by the vendor is not provided, the City generally
uses its estimated incremental borrowing rate as the discount rate for SBITAs. The subscription term
includes the noncancellable period of the subscription. Subscription payments included in the
measurement of the SBITA obligations payable are composed of fixed payments and certain
variable and other payments that are reasonably certain of being required.
The City monitors changes in circumstances that would require a remeasurement of its SBITAs and
will remeasure the subscription assets and obligations payable if certain changes occur that are
expected to significantly affect the amount of the SBITA obligations payable.
Subscription assets are reported with other capital assets, and SBITA obligations payable are
reported with long-term debt on the statement of net position.
Lonq-Term Debt: Accounting treatment of long-term liabilities varies depending upon the source
of repayment, the measurement focus applied and whether the liability is reported in the
government -wide or fund financial statements.
Government -Wide Statements: All long-term liabilities to be repaid from governmental
activities, business -type activities, proprietary fund, and component unit resources are reported
as liabilities incurred at the time of recognition. The long-term liabilities consist primarily of
accrued compensated absences, financed purchases payable, lease obligations payable,
SBITA obligations payable, pension and other post -employment benefit liabilities, deposits
subject to refund, notes payable, and revenue bonds payable. Bond premiums and discounts
are deferred and amortized over the life of the bonds using the effective interest method.
Bonds payable are reported net of the applicable bond premium or discount. Bond issuance
costs are expensed when incurred.
Fund Financial Statements: Long-term liabilities of governmental funds, with the exception of
deposits subject to refund, are not reported in the fund financial statements. The debt
proceeds and premiums are reported as other financing sources. Discounts are reported as
other financing uses. Bond issuance costs are expended as incurred, and payment of principal
and interest reported as expenditures. The accounting for proprietary funds is the same in the
fund statements as it is in the government -wide statements.
FN Page 11
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Compensated Absences: After a six-month probationary period, all regular full-time and qualified
part-time employees are granted vacation benefits in amounts from 60 hours to 190 hours per
year depending upon employment classification and tenure with the City, with a maximum
accumulation of 290 hours. After a twelve-month probationary period, police officers are granted
vacation benefits in amounts from 96 hours to 216 hours per year depending upon tenure with the
City, with a maximum accumulation of 500 hours. Firefighters accrue 144 vacation hours a year
during the first year of employment: after a twelve-month probationary period, firefighters are
granted vacation benefits in amounts from 264 hours to 408 hours per year depending upon
tenure with the City, with a maximum accumulation of 528 hours. All vacation benefits
accumulate pro rata on a bi-weekly basis. Accumulated vacation leave vests, and the City is
obligated to make payment even if the employee terminates.
Regular full-time employees accrue 96 hours of sick leave per year, up to a maximum of 1,000
hours. Qualified part-time employees accrue sick leave based on numbers of hours worked per
week, up to a maximum of 725 hours. Police officers accrue 111 hours of sick leave per year, up to
a maximum of 1,105 hours. Firefighters accrue 216 hours of sick leave per year, up to a maximum
of 1,440 hours. Sick leave benefits accumulate pro rota on a bi-weekly basis. However, sick leave
is not paid upon termination for nonunion employees. Police and Fire union employees receive
15% of their accumulated sick leave balance upon retirement with a 90-day notice to the City.
The estimated liabilities for vested benefits also include salary -related payments such as
employment taxes. Compensated absences are reported as a liability incurred using the vesting
method, in which leave amounts for both employees who currently are eligible to receive
separation payments and other employees who are expected to become eligible in the future to
receive such payments upon separation are included. The liability for such leave is reported as
incurred in the government -wide and proprietary fund financial statements. For the
governmental activities,. the compensated absences liability is generally liquidated by the
general fund.
Governmental funds report only the matured compensated absences payable to terminated
employees.
Deferred Outflows/Inflows of Resources: In addition to assets, the statement of financial position
will sometimes report a separate section for deferred outflows of resources. This separate financial
statement element, deferred outflows of resources, represents a consumption of net assets that
applies to future periods and, as such, will not be recognized as an outflow of resources
(expense/expenditure) until then. Both the entity -wide and proprietary fund statements of net
position include the following items that are reported as deferred outflows of resources: deferred
charges on the pension liability and deferred charges on OPEB liability.
In addition to liabilities, the statement of financial position will sometimes report a separate
section for deferred inflows of resources. This separate financial statement element, deferred
inflows of resources, represents an acquisition of net assets that applies to future periods and so
will not be recognized as an inflow of resources (revenue) until that time. Both the entity -wide and
proprietary fund statements of net position include deferred charges on the pension and OPEB
liabilities and the deferred gain on debt refunding that are reported as deferred inflows. A
deferred gain on refunding results from the difference in the carrying value of refunded debt and
its reacquisition price. This amount is deferred and amortized over the shorter of the life of the
refunded or refunding debt.
FN Page 12
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Deferred outflow/Jinflow of resources occur in relation to pension net liability and OPEB liability
when contributions are made subsequent to the measurement date, when investment earnings
come in higher or lower than anticipated, when there is a change in the City's proportionate
share, when there is a change in assumptions, and when experience varies from actuarial
assumptions.
The governmental fund balance sheet also includes unavailable revenue, which is reported as a
deferred inflow of resources only under the modified accrual basis of accounting. The
unavailable revenue from charges for services, such as court fines and ambulance receivable
not collected within sixty days of fiscal year-end, is deferred and recognized as an inflow of
resources until the period in which the amounts become available.
Equity Classifications:
Government -Wide and Proprietary Fund Financial Statements: Equity is classified as net position
and displayed in three components:
a) Net investment in capital assets - Consists of capital assets including restricted capital assets,
net of accumulated depreciation and reduced by outstanding balances of any bond,
mortgages, notes or other borrowings, and unspent bond proceeds that are attributable to
the acquisition, construction, or improvement of those assets. Deferred outflows of resources
and deferred inflows of resources that are attributable to the acquisition, construction, or
improvement of those assets or related debt are also included in this component of net
position. The classification of a borrowing as capital -related is made separately for each
column reported on the government -wide statement of net position, so debt might be
classified as capital -related for one column but not for another. A portion of the City's
enterprise fund debt is being used for the acquisition of capital assets in governmental
activities. As a result, the capital assets and the related borrowings are reported in different
activity columns, but within the same primary government total column.
b) Restricted net position -Consists of resources with constraints placed on their use either by 1)
external groups such as creditors, grantors, contributors, or laws or regulations of other
governments or 2) law through constitutional provisions or enabling legislation.
c) Unrestricted net position - All other resources that do not meet the definition of "restricted"
or "net investment in capital assets."
It is the City's policy first to use restricted resources prior to the use of unrestricted resources when
an expense Is Incurred for purposes for which both restricted and unrestricted resources are
available. Additionally, the City first uses committed, then assigned, and lastly, unassigned
amounts of unrestricted fund balance when expenditures are made. These categories are
discussed further below.
Governmental Fund Financial Statements: Governmental fund equity is classified as fund
balance. Fund balances of the government funds are classified as follows:
a) Restricted - Includes fund balance amounts that are constrained for specific purposes
which are externally imposed by providers, such as creditors or amounts constrained due to
constitutional provisions or enabling legislation.
FN Page 13
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
b) Committed Includes fund balance amounts that are constrained for specific purposes
that are internally imposed by the City through formal action of the highest level of
decision-ma(ing authority (ordinance). Only Council action can remove the commitment.
c) Assigned - Includes fund balance amounts that are constrained by the City's Intent to be
used forspecific purposes but are neither restricted nor committed. Intent can be stipulated
either through the governing body or by the City Manager to whom the authority has been
given by City council action.
d) Unassigned - Includes the residual balance, including negative residual balances, of the
general fund that have not been assigned to other funds and that have not been
restricted, committed, or assigned to specific purposes within the general fund. The general
fund is the only fund that can have a positive unassigned balance.
I.E--Internal and Interfund Balances and Activities
In the process of aggregating the financial information for the government -wide statement of net
position and statement of activities, some amounts reported as interfund activity and balances in
the fund financial statements have been eliminated or reclassified.
Government -Wide Financial Statements: Interfund activity and balances, if any, are eliminated or
reclassified in the government -wide financial statements as follows:
1. Internal balances - amounts reported in the fund financial statements as interfund receivables
and payables are eliminated in the governmental and business -type activities columns of the
statement of net position, except for the net residual amounts due between governmental
and business -type activities, which are reported as internal balances.
2. Internal activities - amounts reported as interfund transfers in the fund financial statements are
eliminated in the government -wide statement of activities except for the net amount of
transfers between governmental and business -type activities, which are reported as transfers -
internal activities. The effect of interfund services between funds is not eliminated in the
statement of activities.
3. Primary government and component unit activity and balances - resource flows between the
primary government (the City, OPWA, and OPGA) and the discretely -presented component
unit (the Owasso Economic Development Authority) are reported as if they were external
transactions.
Fund Financial Statements: Interfund activity, if any, within and among the governmental,
proprietary, and fiduciary categories is reported as follows in the fund financial statements:
1. Interfund loans - amounts provided with a requirement for repayment are reported as
interfund receivables and payables. Interfund loans with repayment periods longer than one
year are considered long term advances while the current portion of interfund payables are
repayable within one year.
2. Interfund services - sales or purchases of goods and services between funds are reported as
revenues and expenditures/expenses.
FN Page 14
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3. Interfund reimbursements - repayments from funds responsible for certain expenditures/
expenses to the funds that initially paid for them are not reported as reimbursements but as
adjustments to expenditures/expenses in the respective funds.
4. Interfund transfers -flow of assets from one fund to another where repayment is not expected
are reported as transfers in and out.
1. F--Revenues, Expenditures, and Expenses
Sales Tax: In January 2015, citizens of Owasso voted to increase the 3% sales tax to 3.50% effective
April 1, 2015. The additional half penny is restricted by Ordinance to spending on police, fire, and
street functions and is recorded as revenue within the Half -Penny Sales Tax Fund. In January 2016,
citizens of Owasso voted to increase the 3.50% sales tax to 4.05% effective January 1, 2017 for 7
years. In August 2023, voters approved making the 0.55% permanent. The 0.55% is restricted to
transportation capital projects. The City of Owasso implemented a Tax Incremental Financing
(TIF) District effective December 20, 2016. Two percent of the total 4.05% in sales taxes collected
by new businesses locating within the TIF district after December 20, 2016, are recorded in the TIF
fund and are restricted to TIF projects.
Sales tax is collected by the Oklahoma Tax Commission and remitted to the City in the month
following receipt by the Oklahoma Tax Commission. The original 3% sales tax (excluding taxes
restricted to TIF projects as described above) is recorded as revenue within the General Fund.
Upon receipt, the General Fund distributes the 3% as follows:
• 3 cents, less amounts specific to the TIF District, are transferred to the OPWA as required by
revenue bond indentures; with
0 1 cent used to retire principal and interest on OPWA debt issued to finance Capital
Improvement Fund projects with any remaining sales tax transferred to Capital
Improvement Fund, followed by
0 2 cents less all other infrastructure payback agreements is transferred back to the
General Fund from the OPWA for operations.
Sales tax resulting from sales occurring prior to year-end and received by the City after year-end
has been accrued and is included under the caption Due from Other Governments because
they represent taxes on sales occurring during the reporting period.
Property Tax: Under State law, municipalities are limited in their ability to levy a property tax. Such
tax may only be levied to repay principal and interest on general obligation bonded debt
approved by voters and for any court -assessed judgments. For the current year, the City did not
levy property taxes. Beginning December 20, 2016, taxes levied by other taxing jurisdictions will be
apportioned to the City as related to increases in assessed valuation after that date within the TIF
District. For FY 2024, this is not a significant source of revenue for the City.
Proarom Revenues: In the statement of activities, revenues that are derived directly from each
activity or from parties outside the City's taxpayers are reported as program revenues. The City
has the following program revenues in each activity:
General government Cemetery lot sales and internments, zoning fees, other fees,
licenses, and permits
FN Page 15
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Public safety Fine and forfeiture revenue, court costs and fees, police and fire
reports; operating and capital grants include U.S. Department of
Justice and Federal Emergency Management Agency grants
Community development Community development fees
Recreation and culture Park development fees and community center user fees
Economic development Surcharge for economic development
Public works Surcharge for streets; operating and capital grants, and
contributions from the U.S. Department of Housing and Urban
Development, motor fuel and commercial vehicle revenues, and
capital contributions from outside sources; stormwater system
service charges
All other governmental revenues are reported as general. It is important to note that all taxes are
classified as general revenue even if restricted for a specific purpose.
Exoenditures/Expenses: In the government -wide statement of activities, expenses, including
depreciation and amortization of capital assets, are reported by function or activity. In the
governmental fund financial statements, expenditures are reported by class as current (further
reported by function), capital outlay, and debt service. In proprietary fund financial statements,
expenses are reported by object or activity. Certain indirect costs are included in the program
expense reported for individual functions and activities.
1.G--Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates and
assumptions that affect certain reported amounts and disclosures; accordingly, actual results
could differ from those estimates.
I.H--Pensions and Other Post -Employment Benefits
For purposes of measuring the net pension asset, net pension liability, deferred outflows of
resources and deferred inflows of resources related to pensions, and pension expense,
information about the fiduciary net position of the Oklahoma Firefighters Pension & Retirement
System (OFPRS), Oklahoma Police Pension & Retirement System (OPPRS), and Oklahoma
Municipal Retirement Fund (OkMRF), and additions to/deductions from OFPRS, OPPRS, and
OkMRF's fiduciary net position have been determined on the same basis as they are reported by
OFPRS, OPPRS, and OkMRF. For this purpose, benefit payments (including refunds of employee
contributions) are recognized when due and payable in accordance with the benefit terms.
Investments held by these funds are reported at fair value.
The liability, as determined by an independent actuarial study, of Other Post -Employment
Benefits is related to the health benefits for retired employees.
FIN Page 16
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
NOTE 2--STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
By its nature as a local government unit, the City and its component units are subject to various
federal, state, and local laws and contractual regulations. An analysis of the City's compliance
with significant laws and regulations and demonstration of its stewardship over City resources
follows.
2.A--Deposits and Investments Laws and Regulations
In accordance with state law, all uninsured deposits of municipal funds in financial institutions
must be secured with acceptable collateral valued at fair value. Acceptable collateral includes
certain U.S. Government or Government Agency securities, certain State of Oklahoma or political
subdivision debt obligations, surety bonds, or certain letters of credit.
As required by 12 U.S.C.A., Section 1823 (e), all financial institutions pledging collateral to the City
must have a written collateral agreement approved by the board of directors or loan committee.
As reflected in Note 3.A., the City's uninsured deposits were sufficiently collateralized in
accordance with these provisions for the year ended June 30, 2024.
Investments of the City are limited by state law to the following:
a) Direct obligations of the U.S. Government, its agencies, and instrumentalities to which the full
faith and credit of the U.S. Government is pledged, or obligations to the payment of which
the full faith and credit of the State of Oklahoma is pledged. Agency securities are not
explicitly guaranteed by the U.S. Government; however, there is an implicit guarantee on
these securities.
b) Certificates of deposit or savings accounts that are either insured or secured with acceptable
collateral with in -state financial institutions, and fully insured certificates of deposit or savings
accounts in out-of-state financial institutions.
c) With certain limitations, negotiable certificates of deposit, prime bankers' acceptances,
prime commercial paper, and repurchase agreements with certain limitations.
d) County, municipal, or school district tax supported debt obligations, bond or revenue
anticipation notes, money judgments, or bond or revenue anticipation notes of public trusts
whose beneficiary is a county, municipality, or school district.
e) Notes or bonds secured by mortgage or trust deed insured by the Federal Housing
Administrator and debentures issued by the Federal Housing Administrator, and in obligations
of the National Mortgage Association.
f) Money market funds regulated by the SEC and in which investments consist of the
investments mentioned in the previous paragraphs a„ b., c., and d.
Public trusts created under O.S. Title 60, are restricted by policy to the above noted investment
limitations.
FN Page 17
NOTES TO BASIC FINANCIAL STATEMENTS— Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
2.B--Debt Restrictions and Covenants
General Long -Term Debt: As required by the Oklahoma State Constitution, the City, (excluding
Public Trusts) may not incur any indebtedness that would require payment from resources beyond
the current fiscal year revenue, without first obtaining voter approval. For the year ended
June 30, 2024, no such debt was incurred by the City.
Revenue Bond and Promissory Note Debt: The various bond and note indentures relating to the
revenue bond and promissory note issuances of the OPWA contain a number of restrictions or
covenants that are financial related.
These include covenants, such as a required flow of funds through special accounts, and
revenue bond debt service coverage requirements. The following schedule presents a brief
summary of the most significant requirements and the OPWA's level of compliance thereon as of
June 30, 2024.
a. Revenue Bond Coverage:
1. Net operating revenue for
OPWA and OPGA plus
pledged sales tax must
generate an amount
annually equal to 125% of
annual principal and
interest requirements on
the 2009B, 2009C, 2011,
2013 SRF OWRB Note, 2019
OWRB Note, and 2023
OWRB Note.
2.C--Fund Equity/Net Position Restrictions
Net revenues available, including sales tax transferred,
amounted to $42,197,757. The annual principal and
interest on the bonds and any subordinate debt
amounted to $10,748,214. Actual coverage was
272.93%.
Deficit Prohibition: Title 11, Section 17-211 of the Oklahoma Statutes prohibits the creation of a
deficit fund balance in any individual fund of the City (excluding public trusts). For the year
ended June 30, 2024, the City had no deficit fund balances.
NOTE 3--DETAIL NOTES --TRANSACTION CLASSES/ACCOUNTS
The following notes present detail information to support the amounts reported in the basic
financial statements for its various assets, liabilities, equity, revenues, and expenditures/expenses.
FN Page 18
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3.A--Deposit and Investment Risks
Primary Government: The City, including its blended component units, held the following deposits
and investments at June 30, 2024:
Investment Maturities
Carrying
Credit
(in Years)
Value
Rating
Less than 1 1 - 5
Deposits
Demand deposits
$
47,514,347
n/a
n/a n/a
Petty cash and change funds
17,139
n/a
n/a n/a
Investments
U.S. Treasury obligations
38,970,880
AA+
$ 38,970,880 $ -
Certificates of deposit
2,040,263
n/a
2,040,263
Money market mutual funds
52,737,933
AAAm
52,737,933
Total Cash and Cash Equivalents and
Investments
$
141,280,562
$ 93,749,076 $
Reconciliation to Statement of Net Position
Cash and cash equivalents
$
46,622,819
Restricted cash
53,646,600
Investments
41,011,143
$ 141,280,562
Investments: The City uses a pooled investment concept for all its funds, with the exception of
restricted funds in connection with debt securities, to maximize its investment program.
Investment income from this intemal pooling is allocated to the respective funds based upon the
sources of funds invested. The money market mutual fund investments of less than one year,
above, are classified as cash equivalents in the statement of net position. These money market
investments are measured at amortized cost as opposed to their fair value, The U.S, Treasury
obligations are measured at fair value.
Investment Credit Risk: The City's investment policy limits investments to those allowed in state law
applicable to municipalities. These investment limitations are described in Note 2.A. Credit risk is
the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City
has no formal policy limiting investments based on credit rating, but discloses any such credit risk
associated with their investments by reporting the credit quality ratings of investments in debt
securities as determined by nationally recognized statistical rating organizations (rating agencies)
as of the year end. Unless there is information to the contrary, obligations of the U.S. government
explicitly guaranteed by the U.S. government are not considered to have credit risk and do not
require disclosure of credit quality. As of June 30, 2024, the City's investments were registered in
the City's name and held by a counter -party.
As noted in the schedule of deposits and investments, at June 30, 2024, the City's investment in
U.S. Treasury obligations was rated AA+ by Standard and Poor's, and the City's investment in
money market mutual funds was rated AAAm by Standard and Poor's.
FN Page 19
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Investment Interest Rate Risk: Interest rate risk is the risk that changes in interest rates will adversely
affect the fair value of an investment. The City discloses its exposure to interest rate risk by
disclosing the maturity dates of its various investments. The City has no formal policy related to
specific deposit or investment interest rate risk.
Concentration of Investment Credit Risk: Exposure to concentration of credit risk is considered to
exist when investments in any one issuer represent a significant percent of total investments of the
City (any over 5% are disclosed). Investments issued or explicitly guaranteed by the U.S.
government and investments in mutual funds, external investment pools, and other pooled
investments are excluded from this consideration. At June 30, 2024, the City's investments were
not subject to concentration of credit risk as defined above.
Fair Value Measurements: The City uses the fair value hierarchy established by generally
accepted accounting principles based on the valuation inputs used to measure the fair value of
the asset. The fair value hierarchy categorizes the inputs to valuation techniques used to measure
fair value into three levels. Level 1 inputs are quoted prices (unadjusted) for identical assets or
liabilities in active markets that a government can access at the measurement date. Level 2
inputs are inputs - other than quoted prices included within Level 1 - that are observable for an
asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for an asset or
liability. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to
Level 3 inputs.
As of June 30, 2024, all of the City's investments are valued using Level 2 inputs. The value is
determined using quoted prices for similar assets or liabilities in active markets.
U.S. Treasury Obligations
Certificates of Deposit
Quoted Prices
In Active Markets
for Identical Assets
Significant Significant
Other Observable Unobservable
Inputs Inputs Total
(Level 1) (Level 2) (level 3) Fair Value
38,970,880 $
2,040,263
$ 38,970,880
2,040,263
$ - $ 41,011,143 $ - $ 41,011,143
Custodial Credit Risk: Exposure to custodial credit risk related to deposits exists when the City holds
deposits that are uninsured and uncollateralized; collateralized with securities held by the
pledging financial institution, or by its trust department or agent but not in the City's name; or
collateralized without a written or approved collateral agreement. Exposure to custodial credit
risk related to investments exists when the City holds investments that are uninsured and
unregistered, with securities held by the counterparty or by its trust department or agent but not in
the City's name. Certificates of deposit are collateralized at 100% of the amount that is not
federally insured. As of June 30, 2024, the City had no deposits or investments exposed to
custodial credit risk.
The City's policy as it relates to custodial credit risk is to secure its uninsured deposits with
collateral, valued at no more than fair value, at least at a level of 100% of the uninsured deposits
and accrued interest thereon, registered in the City's name, and held by its third -party agent. The
investment policy also limits acceptable collateral to U.S. Treasury securities and direct debt
FN Page 20
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
obligations of municipalities, counties, and school districts in the State of Oklahoma. As required
by federal 12 U.S.C.A., Section 1823 (e), all financial institutions pledging collateral to the City
must have a written collateral agreement approved by the board of directors or loan committee.
The bank balances of the City's deposits totaled $49,556,168 at June 30, 2024. The difference
between the carrying amount of deposits and the bank balance is due to outstanding checks
and deposits. As of June 30, 2024, the City was not exposed to custodial credit risk as all of the
City's deposits were collateralized.
Discrete Component Unit: Total bank deposits of $10,111 of the discretely presented component
unit were insured with Federal Deposit Insurance Corporation Insurance. Total carrying value of
the deposits was $10,111.
3.8--Accounts Receivable
Accounts receivable outstanding at June 30, 2024 consists of the following:
Taxes
Franchise fees
Municipal court fines
False alarm fines
Occupation tax
Utility billings
Emergency service billings
Misc. accounts receivable
Allowance for uncollectible accounts
Accounts receivables, net
Utility billings
Misc. accounts receivable
Allowance for uncollectible accounts
Accounts receivable, net
Governmental Activities
Other Internal
General
Government Service
Fund
Funds Funds
Total
$ -
$ 66,912 $ -
$ 66,912
137,559
- -
137,559
1,014,628
- -
1,014,628
49,280
- -
49,280
10,363
- -
10,363
-
257,133 -
257,133
- 2,151,415 - 2,151,415
480 - 8,107 8,587
(929,917) (755,6541 (1,685,5711
$ 282,393 $ 1,719,806 $ 8,107 $ 2,010,306
Business-TVae Activities
Owasso
Owasso
Internal
Public Works
Public Golf
Service
Authority
Authority
Funds
Total
$ 2,857,732
$ - $
-
$ 2,857,732
115,339
14,785
1,948
132,072
f768,375)
(768,3751
$ 2,204,696
$ 14,785 $
1,948
$ 2,221,429
FN Page 21
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3.C--Restricted Assets
The amounts reported as restricted assets of the business -type activities are comprised of cash
and investments held by the trustee bank on behalf of the Public Trusts (Authorities) related to
their required revenue bond and promissory note accounts as described in Note 2.13 and deposits
held for refund.
The restricted assets as of June 30, 2024 were as follows:
Restricted Cash and Cash Equivalents Amount
2009B Revenue Note Account: Debt Service Account $ 395,920
2009C Revenue Note Account: Debt Service Account 136,572
2011 Promissory Note Account: Debt Service Account 104,740
2013 RC Promissory Note Account: Debt Service Account 113,246
2016 Revenue Note Trustee Account: Debt Service Account 272,811
2018 Revenue Note Trustee Account: Debt Service Account 111,611
2019 Promissory Note Trustee Accounts:
2020 Revenue Note Trustee Accounts:
2023 Promissory Note Account:
2023 Revenue Note Account:
2024 Promissory Note Account:
2024 Revenue Note Account:
Deposits held for refund
Debt Service Account 617,814
Debt Service Account 111,132
Debt Service Account 110,968
Construction Account
8,571,667
Debt Service Account
186,190
Construction Account
42,005,263
908,666
TOTAL RESTRICTED ASSETS $ 53,646,600
FN Page 22
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3-D--Capital Assets
Capital asset activity for the fiscal year ended June 30, 2024 was as follows:
June 30.2023
Additions
Transfers
Reductions
June 30, 2024
Geremmenlo7acNvBbs:
Nondepreciabie:
Land $
16,644.217
$ 3,027.886
$ -
$ - $
19.67ZI03
Construction in progress
44.247.SB2
28.777.735
(21,746.6251
51.278.692
Total nondepreciable assets at hlsloncal cost
60.89L799
31 b05.621
(21746,6251
70.M.795
Depreciable:
euilaings
28,M515
-
-
-
28258515
Impmvements
33,450,079
571.251
-
(20,247)
34p01,083
Machinery and equipment
19787.115
690,144
(858)
(937.2581
19.539.143
Infrastructure
146,045,816
2L276.474
1126201
167,309.670
Total depreclable assets at hutoncal cost
227.5d1,525
2Z07.869
IE581
(970.1251
249,109,411
Less: accumulated depreciation:
eulldin05
19,075.180)
(1,165.352)
-
-
(10,240.532)
Improvements
(12435,550)
(1.683.467)
-
19,555
(14,099,462)
Machinery and equipment
(13.844,213)
(1,311,580)
858
934,755
(14.220,IB0)
In0adrucfure
(72.260,289)
(5112,4481
12.620
(77,460.1171
Total accumulated depreclalion
(107.615,232
6,372,8471
858
966,930
(116.0202911
Net Depreciable assels
119.926,293
1$149,022
13.1951
133,088,120
Amortized:
Right -louse leased mochinery and equipment
921,719
247,611
-
(29,8581
1,139,472
Right-lo-use subscription assels
788,841
]9M
(I T,5161
856.715
Total am.diz d
11710,560
327.001
141.3741
1.996.187
Less: accumulatedamodizaflan:
Right -to -use leased machinery and equipment
(274.012(
(253,094)
-
13.676
(513,430)
Right -to -use sobs.0plion assets
100.7241
1269.2691
3,457.
(516,5361
Total accumulated amortization
1524.736)
ISM3631
17.133
(1,029,7661
Net morlk dassets
1.185.824
(195,30
124,2411
966.221
Govemmenld aolivifles capital assets. net $
162OD3,916
$ 44,775.281
$
$ 121,774.0611 $
MM5.136
Business -type acNWNes:
Nondeprecioble:
Land $
546.850
$ -
§ -
§ - $
546,850
Comiruclbn in progress
24,571.913
3,562,796
(24703A991
3,431.210
Total nondeprectable assets al historical cost
25.118.763
3.562746
124,M,,4991
3.978.0W
Depreciable:
Wilting,
2867,246
66,014
-
-
2,933,260
Improvements
3,982698
951,1MI
-
-
4.933.706
Machinery and equipment
7,312.766
707.199
856
1720,471)
7,330,342
InBastructure
114.957.361
25.450.917
140,408.278
Total depreciable assets of hElarical cast
129,1=71
27.175.128
858
(720.4711
IM.575.51%
Less: accumulated depreciation:
BUidlags
(2,097,769)
(47.5691
-
-
(2,145,33B)
Improvemehis
(ZM.642)
(134,781)
-
-
(ZlWL423)
Machinery and equipment
KM948)
1615.9761
1858)
709.20
14,340,514)
Infmsirudure
153.371.1581
11.911.9151
155,283073)
Total accumulated depreciation
(62635,5171
12.710.2411
(BM I
709.26E
(64,637.34E1
Net depreciable assets
66.484554
24.464,887
fl 1.203)
90.938238
Amoral:
Right -louse leased machinery and equipment
306.807
37.484
-
344.291
Right -to -use subscription assets
86,505
6.684
93,189
Told mocked
393,312
44.168
437.483
Less: accun ulqt.d.mcrfly llon-.
R'plhMeuse leased machinery and equipment
(76,702)
(84,511)
-
-
(161.213)
Right-lo-use subscription assets
(26.120)
126,1201
152,2401
Total accumulated amorl@allon
11028221
it 10,6311
1213.40
Net amortized assets
290.490
1664631
224.1127
Business -type aclivilles capital assets, net $
91,E93,807
$ 27,961,220
$ -
$ (24,714,702) $
95,140,325
FN Page 23
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Depreciation expense was charged to functions in the statement of activities as follows:
Depreciation expense charaed to aovernmental activities:
General government $ 535,066
Public safety 2,395,901
Community development 6,491
Culture and recreation 807,689
Public works 5,593,259
Sub -total 9,338,406
In addition, depreciation on capital assets held by the
City's internal service funds is charged to the various
functions based on their usage of the assets 34,441
Total Governmental Activities Depreciation Expense $ 9,372,847
Amortization expense charged to governmental activities:
General government $ 522,363
Depreciation expense charaed to business-tvoe activities
Water
$ 545,302
Refuse
224,990
Wastewater
1,612,702
Recycle center
23,165
Golf course
304,082
Total Business -Type Activities Depreciation Expense
$ 2,710,241
Amortization expense charged to business -type activities:
Water
$ 46,915
Refuse
13,674
Wastewater
27,030
Recycle center
10,900
Golf course
12,112
Total Business -Type Activities Amortization Expense
$ 110,631
Financed Purchases
On November 26, 2019, OPGA entered into a lease -purchase agreement with TCF National Bank
for equipment to be used at the Bailey Ranch Golf Course. The lease was recorded as a financed
purchase with the addition of machinery in the amount of $284,915, an interest rate of 3.69% and
a term of 60 months. Payments for principal and interest are due monthly. The net book value of
the assets acquired under this agreement is $111,931 as of June 30, 2024.
FN Page 24
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The minimum lease payments due under the lease are as follows:
Principal
Interest
Total
2025 $
46,154
$ 713
$
46,867
Total $
46,154
$ 713
$
46,867
On June 1, 2022, OPGA entered into a lease -purchase agreement with Yamaha Motor Finance
Corporation for equipment to be used at the Bailey Ranch Golf Course. The lease was recorded
as a financed purchase with the addition of machinery in the amount of $353,520, an interest rate
of 4.20% and a term of 48 months. Payments for principal and interest are due monthly. The net
book value of the assets acquired under this agreement is $169,335 as of June 30, 2024.
The minimum lease payments due under the lease are as follows:
Principal Interest Total
2025 $ 34,437 $ 11,053 $ 45,490
2026 251,697 8,873 260,570
Total $ 286,134 $ 19,926 $ 306,060
In January 2023, OPGA entered into two additional lease -purchase agreements with Yamaha
Motor Finance Corporation for equipment to be used at the Bailey Ranch Golf Course. The leases
were recorded as financed purchases with the addition of machinery in the amount of $59,742,
interest rates of 4,20% and terms of 48 months. Payments for principal and interest are due
monthly. The net book value of the assets acquired under this agreement is $38,583 as of June 30,
2024.
The minimum lease payments due under the leases are as follows:
Principal Interest
2025 $ 10,770 $ 1,603
2026 11,215 1,157
2027 22,398 406
Total $ 44,383 $ 3,166
Total
$ 12,373
12,372
22,804
$ 47,549
FN Page 25
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3.E—Leases
The City, as a lessee, has entered into lease agreements involving machinery and equipment as
summarized below:
Governmental Activities - Lease Obligations Payable
2024
In fiscal year 2020, the City entered into one 60-month and one 48-month lease as a lessee
forthe use of copiers. Initial lease liabilities were recorded in the amount of $9,9134. The City
is required to make monthly fixed payments of $160 and $106. The leases have interest
rates of 3.697. and 4.20%. The value of the right -to -use assets as of June 30, 2024 is $9,934
With accumulated amortization of $7,120. $
5,789
In fiscal year 2021, the City entered into a 60-month lease as a lessee for the use of a
copier. An initial lease liability was recorded in the amount of $21,781, The City is required
to make monthly fixed payments of $424. The lease has an interest rate of 3.69%. The value
of the right -to -use asset as of June 30, 2024 is $21,781 with accumulated amortization of
$13,919.
8,212
In fiscal year 2022, the City entered into seven 48-month leases as a lessee for the use of
vehicles. Initial lease liabilities were recorded in the amount of $130,065. The City is
required to make monthly fixed payments ranging from $327 - $525. The leases have
interest rates ranging from 4.44%- 6.23%. In 2024, the City sold one vehicle back leaving six
leases. The value of the right -to -use assets as of June 30, 2024 is $1 16,039 with
accumulated amortization of $89,035.
57,110
In fiscal year 2022, the City entered into a 63-month lease as a lessee for the use of a
postage machine. An initial lease liability was recorded in the amount of $21,174. The City
is required to make monthly fixed payments of $370. The lease has an interest rate of
3.697.. The value of the right -to -use asset as of June 30, 2024 is $21,174 with accumulated
amortization of $12,100.
10,257
In fiscal year 2022, the City entered into a 60-month lease as a lessee for the use of a
copier. An initial lease liability was recorded in the amount of $7,250. The City is required to
make monthly fixed payments of $133. The lease has an interest rate of 3.69%. The value of
the right -to -use asset as of June 30, 2024 is $7,250 with accumulated amortization of
$4,350.
3,912
In fiscal year 2023, the City entered into twenty-four 48-month leases as a lessee for the use
of vehicles. Initial lease liabilities were recorded in the amount of $731,515. The City Is
required to make monthly fixed payments ranging from $377 - $1,042. The leases have
interest rates ranging from 3.22%- 6.68%, In 2024, the City sold one vehicle back leaving
twenty three leases. The value of the right -to -use assets as of June 30, 2024 is $715,681 with
accumulated amortization of $357,842. 493,111
In fiscal year 2024, the City entered into six 48-month leases as a lessee for the use of
vehicles. Initial lease liabilities were recorded in the amount of $242,916. The City is
required to make monthly fixed payments ranging from $857 - $1,069. The leases have
interest rates ranging from 5.69%- 6,52%. The value of the right -to -use assets as of June 30,
2024 is $247,613 with accumulated amortization of $28,724. 217,048
TOTAL LEASE OBLIGATIONS PAYABLE 795,439
FN Page 26
NOTES TO BASIC FINANCIAL STATEMENTS- Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Business -Type Activities - Lease Obligations Payable
In fiscal year 2023, the City entered into nine 48-month leases as a lessee for the use of
vehicles. Initial lease liabilities were recorded in the amount of $306,807. The City is
required to make monthly fixed payments ranging from $602 - $974. The leases have
interest rates ranging from 3.22% - 6.68%, The value of the right -to -use assets as of June 30,
2024 is $306,807 with accumulated amortization of $153,404,
In fiscal year 2024, the City entered into one 48-month leases as a lessee for the use of a
vehicle. Initial lease liability was recorded in the amount of $37,484. The City is required to
make monthly fixed payments of $887. The lease has interest rate of 4.4%. The value of the
right -to -use assets as of June 30, 2024 is $37,484 with accumulated amortization of $7,809.
TOTAL LEASE OBLIGATIONS PAYABLE
Principal and Interest Requirements to Maturity
Governmental Activities
Fiscal Year Principal Payments Interest Payments Total Payments
2025 $ 277,122 $ 35,816 $ 312,938
2024
217,337
30,444
$ 247,781
2026
283,930
21,064
304,994
2027
198,768
7,295
206,063
2028
35,619
807
36,426
Total $
795,439 $
64,982 $
860,421
Fiscal Year
Business -Type Activities
Principal Payments Interest Payments
Total Payments
2025
$ 84,388
$ 11,619
$ 96,007
2026
89,098
6,909
96,007
2027
72,536
2,023
74,559
2028
1,759
14
1,773
Total
$ 247,781
$ 20,565
$ 268,346
FN Page 27
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3X--Subscription-Based Information Technology Arrangements (SBITAs)
The City has entered into SBITAs as summarized below:
Governmental Activities - SBITA Obligations Payable 2024
On October 1, 2022, the City entered into a 36 month subscription for the use of iWorQ
Work Order Management Software, An initial subscription liability was recorded in the
amount of $70,352. As of June 30, 2024, the value of the subscription liability is $30,392. The
City is required to make annual fixed payments of $25,000. The subscription has an interest
rate of 4.2%. The value of the right to use asset as of June 30, 2024 is $70,352 with
accumulated amortization of $46,901. $30,392
On September 1, 2022, the City entered into a 36 month subscription for the use of
Motorola Advance Plus Services Software. An initial subscription liability was recorded in
the amount of $80,874. As of June 30, 2024, the value of the subscription liability is $32,665.
The City is required to make annual fixed payments of $28,739. The subscription has an
interest rate of 4.2%. The value of the right to use asset as of June 30, 2024 is $80,874 with
accumulated amortization of $53,916. 32,665
On October 20, 2020, the City entered into a 60 month subscription for the use of Axon
Body Camera Software. An initial subscription liability was recorded in the amount of
$248,867. As of June 30, 2024, the value of the subscription liability is $99,260. The City is
required to make annual fixed payments of $81,375. The subscription has an interest rate of
3.69%. The value of the right to use asset as of June 30, 2024 is $248,867 with accumulated
amortization of $148,412. 99,260
On September 1, 2022, the City entered into a 36 month subscription for the use of Tyler
Technology Incode Software.. An initial subscription liability was recorded in the amount of
$131,800. As of June 30, 2024, the value of the subscription liability is $53,234. The City is
required to make annual fixed payments of $46,836. The subscription has an interest rate of
4.2%. The value of the right to use asset as of June 30, 2024 is $131,800 with accumulated
amortization of $87,867. 53,234
On June 1, 2013, the City entered into a 144 month subscription for the use of AV Capture
All Software. An initial subscription liability was recorded in the amount of $8,458. As of
June 30, 2024, the value of the subscription liability is $2,719. The City is required to make
annual fixed payments of $3,000. The subscription has an interest rate of 2.28%. The value
of the right to use asset as of June 30, 2024 is $8,458 with accumulated amortization of
$5,245. 2,719
On October 1, 2018, the City entered into a 84 month subscription forthe use of AutoCAD
Software. An initial subscription liability was recorded in the amount of $20,587. As of June
30, 2024, the value of the subscription liability is $8,174. The City is required to make annual
fixed payments of $6,788. The subscription has an interest rate of 4.2%. The value of the
right to use asset as of June 30, 2024 is $20,587 with accumulated amortization of $11,819. 8,174
FN Page 28
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
On December 1, 2019, the City entered into a 72 month subscription for the use of
Enablepoint Software. An initial subscription liability was recorded in the amount of
$17,309. As of June 30, 2024, the value of the subscription liability is $7,442. The City is
required to make annual fixed payments of $5,400. The subscription has an interest rate of
3.69%. The value of the right to use asset as of June 30, 202 is $17,302 with accumulated
amortization of $9,675. 7,442
On June 1, 2022, the City entered into a 36 month subscription for the use of CivICRec
Software. An initial subscription liability was recorded In the amount of $24,460. As of June
30, 2024, the value of the subscription liability is $8,012. The City Is required to make annual
fixed payments of $8,925. The subscription has an interest rate of 4.2%. The value of the
right to use asset as of June 30, 2024 is $24,460 with accumulated amortization of $16,744. 8,012
On May 1, 2021, the City entered into a 48 month subscription for the use of ESO Reporting
Software. An initial subscription liability was recorded in the amount of $81,615, As of June
30, 2024, the value of the subscription liability is $31,977. The City is required to make
annual fixed payments of $30,382. The subscription has an interest rate of 3.69%. The value
of the right to use asset as of June 30, 2024 is $81,616 with accumulated amortization of
$49,235. 31,977
On July 1, 2022, the City entered into a 36 month subscription for the use of Trello Project
Management Software. An initial subscription liability was recorded in the amount of
$2,500. As of June 30, 2024, the value of the subscription liability is $912. The City is required
to make annual fixed payments of $889. The subscription has an interest rate of 4.2%. The
value of the right to use asset as of June 30, 2024 is $2,501 with accumulated amortization
of $1,621. 912
On September 1, 2021, the City entered into a 48 month subscription for the use of
Motorola Astro Software. An initial subscription liability was recorded in the amount of
$94,185. As of June 30, 2024, the value of the subscription liability is $36,162. The City is
required to make annual fixed payments of $31,816. The subscription has an interest rate of
4.2%. The value of the right to use asset as of June 30, 2024 is $94,184 with accumulated
amortization of $58,481. 36,162
On February 1, 2024, the City entered into a 48 month subscription for the use of Tyler
Technology Fire Prevention Software. An initial subscription liability was recorded in the
amount of $24,906. As of June 30, 2024, the value of the subscription liability is $22,502. The
City is required to make annual fixed payments of $6,775. The subscription has an Interest
rate of 4.2%. The value of the right to use asset as of June 30, 2024 Is $24,906 with
accumulated amortization of $6,226. 22,502
On July 1, 2023, the City entered into a 48 month subscription for the use of CivicReady
Notification Software. An Initial subscription liability was recorded in the amount of $32,152.
As of June 30, 2024, the value of the subscription liability is $24,578. The City is required to
make annual fixed payments of $8,746. The subscription has an interest rate of 4.2%. The
value of the right to use asset as of June 30, 2024 is $32,152 with accumulated amortization
of $8,038. 24,578
FN Page 29
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
On February 1, 2017, the City entered Into a 108 month subscription for the use of
ManagerPlus Solutions Software. An initial subscription liability was recorded in the amount
of $16,650. As of June 30, 2024, the value of the subscription liability is $4,051. The City is
required to make annual fixed payments of $7,631. The subscription has an interest rate of
4.2%. The value of the right to use asset as of June 30, 2024 is $18,649 with accumulated
amortization of $12,356. This subscription Is an internal service fund. The subscription asset
is recorded in governmental activities, and the subscription liability is allocated between
government -wide and business -type activities.
4,051
$ 362,080
Business -Type Activities -SBITA Obligations Payable
On November 1, 2021, the City entered Into a 60 month subscription for the use of
Neptune 360 Data Software. An initial subscription liability was recorded in the amount of
$73,601. As of June 30, 2024, the value of the subscription liability is $30,529. The City is
required to make annual fixed payments of $23,500. The subscription has an interest rate of
3.69%. The value of the right to use asset as of June 30, 2024 is $73,601 with accumulated
amortization of $43,634. $ 30,529
On December 1, 2022, the City entered into a 48 month subscription for the use of
Cybergolf Software. An initial subscription liability was recorded in the amount of $9,484. As
of June 30, 2024, the value of the subscription liability is $5,919. The City is required to make
annual fixed payments of $2,580. The subscription has an interest rate of 4.2%. The value of
the right to use asset as of June 30, 2024 is $9,484 with accumulated amortization of $4,742. 5,919
On January 1, 2020, the City entered into a 48 month subscription for the use of SmartShop
Software. An initial subscription liability was recorded in the amount of $9,308. As of June
30, 2024, the value of the subscription liability Is $5,902. The City is required to make annual
fixed payments of $1,800. The subscription has an interest rate of 3.69%. The value of the
right to use asset as of June 30, 2024 is $9,308 with accumulated amortization of $3,342. 5,902
On July 1, 2021, the City entered into a 144 month subscription for the use of SPARKS Web
Software. An initial subscription liability was recorded in the amount of $796. As of June 30,
2024, the value of the subscription liability Is $222. The City is required to make annual fixed
payments of $299. The subscription has an interest rate of 2.28%. The value of the right to
use asset as of June 30, 2024 is $796 with accumulated amortization of $522. 222
On February 1, 2017, the City entered into a 108 month subscription for the use of
ManagerPlus Solutions Software. An initial subscription liability was recorded in the amount
of $16,650. As of June 30, 2024, the value of the subscription liability is $973. The City is
required to make annual fixed payments of $7,631. The subscription has an interest rate of
4.2%. The value of the right to use asset as of June 30, 2024 is $18,649 with accumulated
amortization of $12,356. This subscription Is an internal service fund. The subscription asset
is recorded in governmental activities, and the subscription liability is allocated between
government -wide and business -type activities.
973
$ 43,545
FN Page 30
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Principal and Interest Requirements to Maturity
Governmental Activities
Fiscal Year Principal Payments Interest Payments Total Payments
2025 $ 280,626 $ 9,100 $ 289,726
2026
2027
2028
Total
62,543 1,418 63,961
15,014 507 15,521
3,897 55 3,952
$ 362,080 $ 11,080 $ 3/3,16U
Business -Type Activities
Fiscal Year Principal Payments Interest Payments Total Payments
2025 $ 27,937 $ 1,152 $ 29,089
2026
2027
2028
Total
3.G--Long-Term Debt
11,922
292
12,214
2,796
79
2,875
890
10
900
43,545
Business -Type Activities Long -Term Debt: As of June 30, 2024, the long-term debt payable from
enterprise fund resources consisted of the following:
Notes Payable
2009E OWRB Note Payable, dated December 8, 2009, original amount
of $10,795,000 with an Interest rate of 1.78%plus administration fee of 0.5%; semiannual
Installments of principal, interest and adminstrafion fee; final maturity September 15, 2031
$ 4,510,775
2009C OWRB Note Payable, dated December 8, 2009, original amount
of $4,510,000 with an interest rate of 1.75%plus administration fee of 0.5%; semiannual
Installments of principal, Inlerest and adminstration fee; final maturity March 15, 2031
1,771.405
2011 Interim Series OWRB Note Payable, dated November 17, 2011, original amount
of $3,115,000 with an interest rate of 2.11 % plus administration fee of 0.5%; semiannual
Installments or prncipal, Interest and administration fee; final maturity September 15, 2032
1,305,292
2013 Series CWSRF Promissory Note, dated December 2013, original amount not to exceed $3,425,000,
fixed Interest rate of 1.787.plus admin. fee of 0.5%semiannual Installments of principal and
591,827
Interest, final maturity March 15, 2026
2019C OWRB Note Payable, dated July 30, 2019, original amount of $23,805,000 wtlh a variable Interest
rate and semiannual installments of principal and interest; final maturity October 1, 2049
22,910,000
2023C OWRB Note Payable, dated November 1, 2023, original amount of $8,330,000 with a variable
interest rate and semiannual installments of principal and interest, final maturity October 2053
8,330,000
Total Notes Payable
$ 39,419.299
Current portion
$ 1,687,105
Noncurrent portion
37.732,194
Net notes payable
$ 39.419.299
FN Page 31
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Revenue Notes Payable:
Series 2016 Sales Tax Revenue Note Payable dated November 15.2016. issued by Owasso Public
Works Authority. secured by pledge of sales tax revenues only. original amount of
$21,265.DD0 with an annual interest rate of 1.94%. semiannual principal payments varying from
$275,000 to $1,395,000 due each June I and December I with Mal maturity December 1, 2026
$ 6,830,000
Series 2018 Sales Tax Revenue Note Payable dated May 24, 2018, Issued by Owasso Public
Works Authority, secured by pledge of sales tax revenues only, original amount of
$9,800,000 with an annual interest rate of 2.80%, semiannual principal payments varying from
$425,000 to $975,000 due each June 1 and December 1 with final maturity June 1, 2028
4.670,000
Series 2020.Sales. Tax Revenue Note Payable dated April 30, 2020, Issued by Owasso Public Works Authority.
secured by pledge of sales tax revenues only, original amount of $12.000.0D0 with an annual Interest
rate of 2.15%, semiannual principal varying from$425,000 to $560,000 due each June I and
December 1 with a final maturity date of June 1, 2032
8.328,000
Series 2024 Sales Tax Revenue Note Payable dated May 31, 2024, Issued by Owasso Public Works Authority.
secured by pledge of sales tax revenues only,. original amount of $42,870,000 wifh an annual interest
rate of 4.719%, semiannual principal varying from $100,000 to $2.656.000 due each June 1 and
December I with a final maturity date of June 1, 2039
42,870,000
Total Revenue Notes Payable
$ 62.698.000
Current portion
$ 4,881,000
Noncurrent ponian
57,817,D00
Net revenue notes payable
$ 62.698.000
Changes in Lona-Term Debt: The following is a summary of changes in long-term
debt for the year
ended June 30, 2024:
Governmental Activities:
SBITAs - direct obligation
Leases - direct obligation
Total OPEB liability
Net pension liability
Risk management claims liability
Accrued compensated absences
Total Governmental Activities
Business -Type Activities:
Financed purchases -direct
obligation
Deposits subject to refund
Notes payable
Plus premium on notes payable
Revenue notes payable
SBITAs - direct obligation
Leases - direct obligation
Total OPEB liability
Net pension liability
Risk management claims liability
Accrued compensated absences
Total Business -Type Activities
Balance Balance Due within
June 30, 2023 Additions Deductions June 30, 2024 one year
$ 557,855 $ 79,061 $ (274,836) $ 362,080 $ 280,626
805,509 247,611 (257,681) 795,439 277,122
1,533,781 276,330 (71,004) 1,739,107 63,966
22031,916 13,795,359 (15,598,706) M228,569 -
668,506 5,943,906. (5,770,222) 842,190 412,673
2,668,486 2.460.374 (2,015.477) 3.113.383 1,463,290
$ 28,266,053 $ 22,802641 $ 123,987,9261 $ 27.080,768 $ 2,497,677
$ 479,661
$ -
$ (102,990)
$ 376,671
$ 91,361
875,786
202,792
(169,912)
908,666
199,907
32,724,032
8,330,000
(1,634,733)
39,419,299
1,687,105
2,591,566
303.498
(108,841)
2,786,223
108,841
24,409,000
42,870,000
(4,581.000)
62,698,000
4,881,000
64,839
7,013
(28,307)
43,545
27,937
288,874
37,484
(78,577)
247,781
84.388
336,825
55,834
(14,347)
378,312
13,915
795,517
1,291,617
(1,141,883)
945,251
-
236,894
1,413,780
(1,448,264)
202,410
99,181
198,925
212,150
(176.5031
234,572
110.249
$ 63,001,919
$ 54,724,168
$ (9,485,3571
8 108,240,730
$ 7.303,884
For the governmental activities, SBITAs, the total OPEB liability, accrued compensated absences
liability, and net pension liability are generally liquidated by the General Fund. Leases are
generally liquidated by the General Fund and the Half Penny Sales Tax Fund,
FN Page 32
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Debt Service Requirements to Maturity - Primary Government: The annual debt service
requirements to maturity for long-term debt as of June 30, 2024 are as follows:
Business -Type
Activities
Revenue Note Payable
Notes Payable
Year Ending June 30,
Principal
Interest
Principal
Interest
2025
$ 4,881,000
$ 2,443,279
$ 1,687,105
$ 1,624,790
2026
4,984,000
2,326,050
1,874,693
1,563,471
2027
3,679,000
2,212,157
1,631,891
1,498,206
2028
3,166,000
2,132,216
1,698,822
1,435,914
2029
3,277,000
2,027,056
1,757,157
1,370,399
2030-2034
18,698,000
8,023,722
6,974,631
5,889,091
2035-2039
24,013,000
3,233,530
5,295,000
4,707,768
2040-2044
-
-
6,560,000
3,409,836
2045-2049
8,110,000
1,847,143
2050-2054
-
-
3,830,000
373,405
$ 62,698,000
$ 22.398,010
$ 39,419,299
$ 23,720,023
Pledged Revenues: The City has pledged proceeds from a 2% sales tax, along with revenues from
water, wastewater, sanitation, and golf, to repay the 2009B, 2009C, 2011, 2013, 2019C, and 2023
SRF OWRB notes payable. The notes are payable through 2053 and were used to finance various
OPWA projects. The total principal and interest payable for the remainder of the term of the notes
is $63,139,322. Pledged revenue received in the current year totaled $42,197,757. Debt service
payments of $3,162,311 for the current year were 7% of pledged revenue.
The City has also pledged proceeds from a 1 % sales tax to repay the 2016, 2018, 2020, and 2024
Sales Tax Revenue notes. The notes are payable through 2039 and were used to finance an
OPWA project as well as the new Fire Station, Police Station Remodel, and other street and
stormwater projects. The total principal and interest payable for the remainder of the term of the
notes is $85,096,010. Pledged revenue received in the current year totaled $11,248,982. Debt
service payments of $5,259,185 for the current year were 47% of pledged revenue.
FN Page 33
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
3.H--Interfund Balances and Activities
Due to/from balances at June 30, 2024 consist of sales tax per debt indentures, capital
improvements, TIF revenues to OPWA, and for debt service. Interfund receivables and poyables
at June 30, 2024 consist of the following:
Due From
Due To
Total
General Fund
Govt'I. Funds OPWA
Governmental Funds:
Major Funds
General Fund
$ 34,675
$
$ 34,675 $ -
Capital Improvement Fund
587,971
- 587,971
Enterprise Funds:
Major Funds
OPWA
1,651,128
1,481,049
170,079 -
Total Primary Government
$ 2,273,774
$ 1,481,049
$ 204,754 $ 587,971
Interfund transfers are performed to subsidize Owasso Public Golf Authority operations, for
pledged sales fax per debt indentures for OPWA, for General Fund and Capital Improvement
Fund operations after paybacks, for General Fund sales faxes due to streets, TIF revenues to
OPWA and for debt service. Interfund transfers for the year ended June 30, 2024 consist of the
following:
Transfer To
Governmental Funds:
Major Funds
General Fund
Half -Penny Sales Tax Fund
Capital Improvement Fund
Nonmajor Govt'I Funds
Total Government Funds
Enterprise Funds:
Major Funds
OPWA
OPGA
Total Enterprise Funds
Total Primary Government
Transfer From
Nonmajor Govt'I
Total General Fund Funds OPWA
$ 22,312,301 $ - $ - $ 22,312,301
1,134,515 1,134,515 - -
5,737,034 - - 5,737,034
1,200,000 1,200,000 - -
30;383,850 2,334,515 - 28,049,335
34,797,949 33,582,833 1,215,116 -
900,000 9001000
35,697,949 34,482,833 1,215,116
$ 66,081,799 $ 36,817,348 $ 1,215,116 $ 28,049,335
FN Page 34
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
NOTE 4--OTHER NOTES
4.A--Employee Pension Plans
The City participates in four employee pension systems as follows:
Name of Plan/System
Type of Plan
Oklahoma Firefighters Pension and Retirement
Cost -Sharing Multiple Employers' Public
System
Employee Retirement System - Defined
Benefit Plan
Oklahoma Police Pension and Retirement
Cost -Sharing Multiple Employers' Public
System
Employee Retirement System - Defined
Benefit Plan
Oklahoma Municipal Retirement Fund
Agent Multiple Employer Defined Benefit Plan
(OkMRF)
Oklahoma Municipal Retirement System
Agent Multiple Employer Defined Contribution
Master Defined Contribution Plan (OMRF)
Plan
Firefighters Pension System
Police Pension System
Oklahoma Municipal Retirement Fund Plan
Totals
Reconcilialion to government -wide financial statements:
Governmental
Business -type
Totals
Defened
Net Pension
Outflows
Defened Inflows
Asset (Liability)
Pension Expense
$ 4,777,157
$ (1,195,8031
$ (18,121.961)
3 3,265,136
3,739,768
1875.421)
394,080
1,034,095
3,328,400
1483,2271
f3,051,8591
1,229,332
$ 11.845,325
$ (2,554,4511
$ (20,779,7401
$ 5,528,563
$ 10,829,759 $ (2,418,601) $ (19.834,489) $ 4,968,637
1,015.567 (135,850) (945,2511 559,926
$ 11,845,325 1 12;554,4511 $ (20,779,7401 $ 5.528.563
Oklahoma Firefighters Pension & Retirement System (OFPRS)
Plan Description - The City of Owasso, as the employer, participates in the Firefighters Pension &
Retirement System - a cost -sharing multiple -employer defined benefit pension plan administered
by the Oklahoma Firefighters Pension and Retirement System (OFPRS). Title 11 of the Oklahoma
State Statutes, through the Oklahoma Legislature, grants the authority to establish and amend
the benefit terms to the OFPRS. OFPRS issues a publicly available financial report that can be
obtained at www.ok.aov/fors.
Benefits Provided - OFPRS provides retirement, disability, and death benefits to members of the
plan. Benefits for members hired prior to November 1, 2013 are determined as 50% of the
employee's final average compensation for employees who have reached the age of 50 or
have completed 20 years of service, whichever is later. For volunteer firefighters, the monthly
pension benefit for normal retirement is $150.60 per month. Benefits vest with 10 years or more of
service.
Benefits for members hired after November 1, 2013 are determined as 55% of the employee's final
average compensation for employees who have reached the age of 50 or have completed 22
years of service, whichever is later. For volunteer firefighters, the monthly pension benefit for
normal retirement is $165.66 per month. Benefits vest with 11 years or more of service.
FN Page 35
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
All firefighters are eligible for immediate disability benefits. For paid firefighters, the disability
in -the -line -of -duty benefit for firefighters with less than 20 years of service Is equal to 50% of final
average monthly compensation, based on the most recent 30 months of service. For firefighters
with over 20 years of service, a disability in -the -line -of -duty is calculated based on 2.5% of final
average monthly compensation, based on the most recent 30 months, per year of service, with a
maximum of 30 years of service. For disabilities not-in-the-line-ofduty, the benefit is limited to only
those with less than 20 years of service and is 50% of final average monthly compensation, based
on the most recent 60-month salary as opposed to 30 months. For volunteer firefighters, the
not -in -line -of -duty disability is also limited to only those with less than 20 years of service and is
$7.53 per year of service. For volunteer firefighters, the in -line -of -duty pension is $150.60 with less
than 20 years of service, or $7.53 per year of service, with a maximum of 30 years.
A $5,000 lump sum death benefit is payable to the qualified spouse or designated recipient upon
the participant's death. The $5,000 death benefit does not apply to members electing the vested
benefit.
OFPRS Contributions - The contributions requirements of the Plan are at an established rate
determined by Oklahoma Statute and are not based on actuarial calculations. Employees are
required to contribute 9% of their annual pay. Participating cities are required to contribute 14%
of the employees' annual pay. FY 2024 contributions to the pension plan from the City were
$861,715 and are reflected as deferred outflows of resources. The State of Oklahoma also made
on -behalf contributions to OFPRS in the amount of $1,605,259, which are reflected as revenue
and expense in the governmental funds. These on -behalf payments did not meet the criteria of a
special funding situation.
Pension Liabilities, Pension Expense, and Deferred Inflows and Outflows of Resources Related to
Pensions - At June 30, 2024, the City reported a liability of $18,121,961 for its proportionate share of
the OFPRS net pension liability. The net pension liability was measured as of June 30, 2023, and the
total pension liability used to calculate the net pension liability was determined by an actuarial
valuation as of July 1, 2023. The City's proportion of the net pension liability was based on the
City's contributions received by the pension plan relative to the total contributions received by
pension plan for all participating employers as of June 30, 2023. Based upon this information, the
City's proportion was 1.404530% (down from 1.5513563% in FY 2023).
FN Page 36
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
For the year ended June 30, 2024, the City recognized a pension expense of $3,265,136. At
June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
Differences between expected and actual
experience
Net difference between projected and actual
earnings on pension plan investments
Changes in proportion
Change in assumptions
City contributions subsequent to the measurement date
Total
Deferred Outflows Deferred Inflows
of Resources of Resources
2,155,204 $ (23,007)
1,195,488
564,750 (1,143,739)
(29,057)
861.715
$ 4,777,157 $ (1,195,803)
The $861,715 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of
resources and deferred inflows of resources related to pensions will be recognized in pension
expense as follows:
Year ended June 30:
2025
2026
2027
2028
Total
Amortization
Expense
$ 1,082,322
141,977
1,714,168
(218,828)
$ 2,719,639
Actuarial Assumptions - The total pension liability was determined by an actuarial valuation as of
July 1, 2023, using the following actuarial assumptions, applied to all prior periods included in the
measurement:
Inflation: 2.75%
Salary increases: 2.75% to 10.507o
Investment rate of return: 7.5% net of pension plan investment expenses
FN Page 37
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Mortality rates for active members were based on Pub-2010 Public Safety Table with generational
mortality improvement using MP-2018. Mortality rates for retired members were based on
Pub-2010 Public Safety Below Median Table with generational mortality improvement using Scale
MP-2018. Mortality rates for disabled members were based on Pub-2010 Public Safety Disabled
Table set forward two years.
The actuarial assumptions used in the July 1, 2023 valuation are based on the results of an
actuarial experience study for the period July 1, 2013 to July 30, 2018.
The long-term expected rate of return on pension plan investments was determined using a
building block method in which best -estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense, and inflation) are developed for
each major asset class. These ranges are combined to produce the long-term expected rate of
return by weighting the expected future real rates of return by the target asset allocation
percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for
each major asset class included in the pension plan's target asset allocation as of June 30, 2023,
are summarized in the following table:
Target
Long -Term Expected
Asset Class
Allocation
Real Rate of Return
Fixed income
20%
5.80%
Domestic equity
42%
9.49%
International equity
15%
11.55%
Real estate
10%
8.48%
Other assets
13%
6.47%
Discount Rate - The discount rate used to measure the total pension liability was 7.5%. The
projection of cash flows used to determine the discount rate assumed that contributions from
plan members will be made at the current contribution rate and that contributions from
employers will be made at contractually required rates, determined by State statutes. Projected
cash flows also assume the State of Oklahoma will continue contributing a percentage of the
insurance premium, as established by statute. Prior to July 1, 2020, OFPRS was allocated 36% of
the statewide insurance premium tax. The State of Oklahoma recently passed legislation that
changed the allocation to 25.2% as of September 1, 2020; 36.07. as of July 1, 2021; 37.8% as of
July 1, 2022; and 36.0% as of July 1, 2027. In addition, OFPRS is scheduled to receive $40,625 each
year from July 1, 2020 through June 30, 2027. Based on these assumptions, the pension plan's
fiduciary net position was projected to be available to make all projected future benefit
payments of current plan members. Therefore, the long-term expected rate of return on pension
plan investments was applied to all periods of projected benefit payments to determine the total
pension liability.
FN Page 38
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Sensitivity of the Net Pension Liability to Changes in the Discount Rate - The following presents the
net pension liability of the City calculated using the discount rate of 7.5%, as well as what the
Plan's net pension liability would be if it were calculated using a discount rate that is one
percentage point lower or one percentage point higher than the current rate:
1%Decrease Current Discount 1%Increase
(6.5%) Rate (7.5%1 (8.5%)
City's net pension liability $ 23,613,698 $ 18,121,961 $ 13,529,416
Pension Plan Fiduciary Net Position - Detailed information about the pension plan's fiduciary net
position is available in the separately issued financial report of the OFPRS which can be located
at www.ok.gov/fors.
Oklahoma Police Pension and Retirement System (OPPRS)
Plan Description - The City of Owasso, as the employer, participates in the Oklahoma Police
Pension and Retirement Plan - a cost -sharing multiple -employer defined benefit pension plan
administered by the Oklahoma Police Pension and Retirement System (OPPRS). The plan covers
substantially all persons employed as full-time police officers working more than 25 hours per
week or any person undergoing police training to become a permanent police officer with a
police department of a participating Oklahoma employer or State agency, with ages not less
than 21 nor more than 45 when accepted for membership. Title 11 of the Oklahoma State
Statutes, through the Oklahoma Legislature, grants the authority to establish and amend the
benefit terms to the OPPRS. OPPRS issues a publicly available financial report that can be
obtained at opprs.ok.gov.
Benefits Provided - OPPRS provides retirement, disability, and death benefits to members of the
plan. The normal retirement date under the Plan is the date upon which the participant
completes 20 years of credited service, regardless of age. Participants become vested upon
completing 10 years of credited service as a contributing participant of the Plan. No vesting
occurs prior to completing 10 years of credited service. Participants' contributions are
refundable, without interest, upon termination prior to normal retirement. Participants who have
completed 10 years of credited service may elect a vested benefit in lieu of having their
accumulated contributions refunded. If the vested benefit is elected, the participant is entitled to
a monthly retirement benefit commencing on the date the participant reaches 50 years of age
or the date the participant would have had 20 years of credited service had employment
continued uninterrupted, whichever is later.
Monthly retirement benefits are calculated at 2.5% of the final average salary (defined as the
average paid base salary of the officer over the highest 30 consecutive months of the last 60
months of credited service) multiplied by the years of credited service, with a maximum of 30
years of credited service considered.
Monthly benefits for participants due to permanent disability incurred in the line of duty are 2.5%
of the participants' final average salary multiplied by 20 years. This disability benefit is reduced by
stated percentages for partial disability based on the percentage of impairment. After 10 years
of credited service, participants who retire due to disability incurred from any cause are eligible
for a monthly benefit based on 2.5% of their final average salary multiplied by the years of service.
FN Page 39
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
This disability benefit is also reduced by stated percentages for partial disability based on the
percentage of impairment. Effective July 1, 1998, once a disability benefit is granted to a
participant, that participant is no longer allowed to apply for an increase in the dollar amount of
the benefit at a subsequent date. Survivor's benefits are payable in full to the participant's
beneficiary upon the death of a retired participant. The beneficiary of any active participant
killed in the line of duty is entitled to a pension benefit.
OPPRS Contributions - The contribution requirements of the Plan are at an established rate
determined by the Oklahoma Statute and are not based on actuarial calculations. Employees
are required to contribute 8% of their annual pay. Municipalities are required to contribute 13% of
the employees' annual pay. FY 2024 contributions to the pension plan from the City were
$708,475 and are reflected as deferred outflows of resources- The State of Oklahoma also made
on -behalf contributions to OPPRS in the amount of $573,647 which are reflected as revenue and
expense in the governmental fund statements. These on -behalf payments did not meet the
criteria of a special funding situation.
Pension Assets, Pension Expense, and Deferred Inflows and Outflows of Resources Related to
pensions - At June 30, 2024, the City reported an asset of $394,080 for its proportionate share of
the OPPRS net pension asset. The net pension asset was measured as of June 30, 2023, and the
total pension liability used to calculate the net pension asset was determined by an actuarial
valuation as of July 1, 2023. The City's proportion of the net pension asset was based on the City's
contributions received by the pension plan relative to the total contributions received by pension
plan for all participating employers as of June 30, 2023. Based upon this information, the City's
proportion was 1.2904% (up from 1.248975% in FY 2023).
For the year ended June 30, 2024, the City recognized a pension expense of $1,034,095. At
June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
Differences between expected and actual experience
Net difference between projected and actual
earnings on pension plan Investments
Changes In proportion
Changes in assumptions
City contributions subsequent to the measurement date
Total
Deferred Outflows Deferred Inflows
of Resources of Resources
$ 1,078,791 $ (60,776)
1,952,502
- (79,055)
(735,590)
708,475
$ 3,739,768 $ (875,421)
FN Page 40
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The $708,475 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension asset in the year ended June 30, 2025. Other amounts reported as deferred outflows of
resources and deferred inflows of resources related to pensions will be recognized in pension
expense as follows:
Year ended June 30:
2025
Amortization
Expense
$ 346,039
2026
(13,407)
2027
1,505,308
2028
330,701
2029
(12,769)
Total
$ 2,155,872
Actuarial Assumptions - The total pension liability was determined by an actuarial valuation as of
July 1, 2023, using the following actuarial assumptions, applied to all prior periods included in the
measurement:
Inflation: 2,75%
Salary increases: 3.5% to 12.0%
Investment rate of return: 7.5% net of pension plan investment expense
Mortality Rates: Active employees (pre -retirement): PubS-2010 Employee
(Below Median) Mortality Table with rates set forward two
years and projected generationally using SOA Scale
MP-2021
Active employees (post -retirement) and nondisabled
pensioners: PubS-2010 Healthy Retiree (Below Median)
Mortality Table with rates set forward two years and
projected generationally using SOA Scale MP-2021
Disabled pensioners: PubS-2010 Disabled Retiree Mortality
Table with rates projected to 2023 using SOA Scale MP 2021
The actuarial assumptions used in the July 1, 2023 valuation were based on the results of an
actuarial experience study for the period July 1, 2017 to June 30, 2022.
The long-term expected rate of return on pension plan investments was determined using a
building-block method in which best -estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense, and inflation) are developed for
each major asset class. These ranges are combined to produce the long-term expected rate of
return by weighting the expected future real rates of return by the target asset allocation
percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for
each major asset class included in the pension plan's target asset allocation as of June 30, 2023,
are summarized in the following table:
FN Page 41
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Asset Class
Fixed income
Domestic equity
International equity
Real estate
Private equity
Target
Long -Term Expected
Allocation
Real Rate of Return
20%
5.78%
30%
7.73%
20%
11.55%
15%
7.66%
15%
11.64%
Discount Rate - The discount rate used to measure the total pension liability was 7.5%. The
projection of cash flows used to determine the discount rate assumed that contributions from
plan members will be made at the current contribution rate and that contributions from
employers will be made at contractually required rates, determined by State statutes. Projected
cash flows also assume the State of Oklahoma will continue contributing 147. of the insurance
premium, as established by statute. Based on these assumptions, the pension plan's fiduciary net
position was projected to be available to make all projected future benefit payments of current
plan members. Therefore, the long-term expected rate of return on pension plan investments was
applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the Net Pension Asset to Changes in the Discount Rate - The following presents the
net pension asset of the City calculated using the discount rate of 7.5%, as well as what the Plan's
net pension asset would be if it were calculated using a discount rate that is one percentage
point lower or one percentage point higher than the current rate:
1%Decrease Current Discount 1%Increase
(6.5%) Rate (7.5%) (8.57.)
City's net pension asset $ (3,720,758) $ 394,080 $ 3,878,054
Pension Plan Fiduciary Net Position - Detailed information about the pension plan's fiduciary net
position is available in the separately issued financial report of the OPPRS; which can be located
at opprs.ok.aov.
Oklahoma Municipal Retirement Fund Defined Benefit Plan
Plan Description - Effective July 1, 1972, the City began contributing to the City of Owasso and
Owasso Public Works Authority Plan and Trust in the form of the Oklahoma Municipal Retirement
System Master Defined Benefit Plan and Trust (OkMRF), an agent multiple -employer defined
benefit plan, for all eligible employees except for those covered by the Police and Firefighter
Pension Systems. The City currently participates in the Plan AA OkMRF plan. Administration of the
City's individual plan rests with the City Council. The overall operations of OkMRF are supervised
by a nine -member Board of Trustees elected by the participating municipalities. JP Morgan
Chase Bank, N.A. of Oklahoma City acts as administrator and securities custodian. OkMRF issues
separate plan financial statements which may be obtained by contacting the Oklahoma
Municipal Retirement Fund, 1001 NW 63ro Street, Suite 260, Oklahoma City, Oklahoma 73116.
Summary of Significant Accounting Policies - For purposes of measuring the net pension liability,
deferred outflows and inflows of resources related to pensions, and pension expense, information
about the fiduciary net position of the City's plan and additions to/deductions from the City's
FN Page 42
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
fiduciary net position have been determined on the same basis as they are reported by OkMRF.
For this purpose, benefit payments are recognized when due and payable in accordance with
the benefit terms. Investments are reported at fair value based on published market prices.
Detailed information about the OkMRF plan's fiduciary net position is available in the separately
issued OkMRF financial report.
Eligibility Factors and Benefit Provisions -
Provisions
a. Eligible to Participate
OkMRF Plan
All regular, full-time employees except police, firefighters,
and other employees covered under an approved system.
b. Period Required to Vest 5 years of credited service
c. Eligibility for Distribution - Normal retirement at age 62 with 30 years
of service or age 65 with 5 years of service
- Early retirement at age 55 with 5 years of service
- Disability retirement upon disability with 5 years of service
- Death benefit with 5 years of service
d. Benefit Determination Base Final average salary -the average of the five highest
consecutive annual salaries out of the last
10 calendar years of service
e. Benefit Determination Methods:
- Normal Retirement
- Early Retirement
Disability Retirement
Death Benefit
Prior to 5 Years Service
I. Benefit Authorization
g. Form of Benefit Payments
Employees Covered by Benefit Terms -
2.62547of final average salary multiplied by credited
years of service
The accrued benefit payable starting at a normal
retirement age, or the accrued benefit reduced by 5%
per year for commencement prior to retirement age
Same as normal retirement
50%of employees accrued benefit, but terminate
upon spouse re -marriage
Return of employee contributions with accrued interest
Benefits are established and amended by City Council
adoption of an ordinance in accordance with C.S. Title 11,
Section 48.101-102
Normal form is a monthly lifetime annuity with 5 years certain
Active Participants
Retired Participants in Payment Status
Survivors in Payment Status
Disabled Participants
Deferred Vested Former Employees
Total
160
45
30
246
FN Page 43
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Contribution Requirements - The City Council has the authority to set and amend contribution
rates by ordinance for the OkMRF defined benefit plan in accordance with O.S. Tile 11, Section
48-102. The contribution rates for the current fiscal year have been made in accordance with an
actuarially determined rate. The actuarially determined rate is 8,86% of covered payroll.
Employees are required to contribute 4.26% of their annual pay. FY 2024 contributions to the
pension plan from the City were $945,205.
Actuarial Assumotions-
Date of Last Actuarial Valuation July 1, 2023
a. Actuarial Cost Method Entry age normal cost method
b. Rate of Return on Investments
c. Projected Salary Increase
d. Post Retirement Cost -of -Living Increase
e. Inflation Rate
f. Mortality Table
g. Percent of Married Employees
h. Spouse Age Difference
1. Turnover
j. Date of Last Experience Study
7.50%
Ranges between 4.5%and 7.5%
N/A
2.75%
Inflation is included in projected salary increase.
PubG-2010 with projected mortality improvement
100%
3 years (female spouses younger)
Select and ultimate rates
Ultimate rates are age -related as shown
Additional rates per thousand are added during
the first 5years:
Year 1: 225
Year 2 140
Year 3: 100
Year 4:70
Year 5: 40
September 2017 for fiscal years 2012 through 2016
Discount Rate - The discount rate used to value benefits was the long-term expected rate of
return on plan investments, 7.5%since the plan's fiduciary position is projected to be sufficient to
make projected benefit payments.
The City has adopted a funding method that is designed to fund all benefits payable to
participants over the course of their working careers. Any differences between actual and
expected experience are funded over a fixed period to ensure all funds necessary to pay
benefits have been contributed to the trust before those benefits are payable. Thus, the
sufficiency of pension plan assets was made without a separate projection of cash flows.
FN Page 44
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The long-term expected rate of return on pension plan investments was determined using a
building-block method in which best -estimate ranges of expected future real rates of return
(expected returns, net of pension plan investment expense, and inflation) are developed for
each major asset class. These ranges are combined to produce the long-term expected rate of
return by weighting the expected future real rates of return by the target asset allocation
percentage and by adding expected inflation (2.75%). Best estimates of arithmetic real rates of
return for each major asset class included in the pension plan's target allocation as of July 1, 2023
are summarized in the following table:
Target Allocation
Large cap stocks
25%
Small/mid cap stocks
10%
International stocks
20%
Emerging international
5%
Private equity
5%
Fixed Income bonds
20%
Real estate
15%
100%
Real Return Weighted Return
4.55%
1.14%
5.007.
0.50%
6.20%
1.24%
6.40%
0.32%
6.05%
0.30%
2.55%
0.51 %
4.95%
0.74%
Average Real Return 4.75%
Inflation 2.75%
Long-term expected return 7.50%
FN Page 45
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Changes in Net Pension (Asset) Liability - The total pension liability was determined based on an
actuarial valuation performed as of July 1, 2023, which is also the measurement date. There were
no changes in assumptions or changes in benefit terms that affected measurement of the total
pension liability. The following table reports the components of changes in net pension (asset)
liability:
Balance at June 30, 2023
Changes for the year:
Service cost
Interest cost
Differences between expected and actual experience
Assumption changes
Contributions - employer
Contributions - employee
Net investment income
Benefit payments, including refunds
Administrative expense
Net changes
Balance at June 30, 2024
Total Pension Plan Fiduciary Net Net Pension
Liability Position (Asset) Liability
(a) (b) (a)-(b)
$ 25,693,364 $ 23,153,547 $ 2,539,817
919,289 - 919,289
1,892,424 - 1,892,424
1,092,504 - 1,092,504
873,134 (873,134)
419,813 (419,813)
- 2,151,288 (2,151,288)
(939,060) (939,060) -
(52,060) 52,060
2,965,157 2,453,115 512,042
$ 28,658,521 $ 25.606,662 $ 3,051,859
Sensitivity of the Net Pension Liability to Changes in the Discount Rate - The following presents the
net pension (asset) liability of the City calculated using the discount rate of 7.5%, as well as what
the Plan's net pension (asset) liability would be if it were calculated using a discount rate that is
one percentage point lower or one percentage point higher than the current rate:
1%Decrease Current Discount 1%Increase
(6,5%) Rafe (7.5%) (8.5%)
City's net pension (asset) liability $ 7,057,193 $ 3,051,859 $ (256,0761
Pension Liabilities. Pension Expense, and Deferred Inflows and Outflows of Resources Related to
Pensions - At June 30, 2024, the City reported a net pension liability of $3,051,859 for the OkMRF
pension. The net pension liability was measured as of July 1, 2023, and the total pension liability
used to calculate the net pension liability was determined by an actuarial valuation as of July 1,
2023. For the year ended June 30, 2024, the City recognized pension expense of $1,229,332. At
June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
Differences between expected and actual
experience
Change of assumptions
Net difference between projected and actual
earnings on pension plan investments
City contributions subsequent to the measurement date
Total
Deferred Outflows Deferred Inflows
of Resources of Resources
1,008,167 $ (385,177)
38,468 (78,0501
1,336,560 -
945,205
$ 3,328,400 $ (483,227)
FN Page 46
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The $945,205 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension asset in the year ended June 30, 2025. Other amounts reported deferred inflows of
resources related to pensions will be recognized in pension expense as follows:
Year ended June 30:
2025
Amortization
Expense
$ 474,119
2026
260,473
2027
1,042,081
2028
101,871
2029
21,424
Total
$ 1,899,968
Pension Plan Fiduciary Net Position - Detailed information about the pension plan's fiduciary net
position is available in the separately issued financial report of the OkMRF, which can be located
at www.okmrf.org.
Oklahoma Municipal Retirement System Master Defined Contribution Plan (OMRF)
Plan Descriotion - The City has also provided a defined contribution plan and trust known as the
City of Owasso Plan and Trust in the form of the Oklahoma Municipal Retirement System Master
Defined Contribution Plan (OMRF). OMRF operations are supervised by a nine -member Board of
Trustees elected by the participating municipalities. The plan is administered by JP Morgan Chose
Bank, N.A. The defined contribution plan is available to all full-time employees. Benefits depend
solely on amounts contributed to the plan plus investment earnings. Employees are eligible to
participate upon hire and may make contributions to the plan.
OMRF Contributions - Based upon employee contributions, the City's contributions vary from
0%-1 % of covered payroll. The City's contributions for each employee (and interest allocated to
the employee's account) are vested at a rate of 40% after two years and then 20% per year for
the next three years. The employee is fully vested after 5 years of service. City contributions for,
and interest forfeited by, employees who leave employment prior to fully vesting are allocated
back to the City. The authority to establish and amend the provisions of the plan rests with the City
Council.
For the year ended June 30, 2024, the following amounts related to the defined contribution plan:
Employee contributions $278,849
City contributions $139,425
Employees have the option to make additional contributions to an ICMARC administered
tax-sheltered annuity program up to the exclusion allowance provided under the IRC under
Code Section 457.
FN Page 47
NOTES TO BASIC FINANCIAL STATEMENTS— Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
4.6--Other Post -Employment Benefits
Plan Description - The City of Owasso Retiree Health Plan, "Plan" a single -employer, health care
plan provides OPEB for non-public safety employees retired after age 55 with 5 years of service
and public safety employees retired with 20 years of service without regard to age and their
eligible children and spouse. The Plan is administered by the City of Owasso (City) and the City
has the authority to establish or amend the Plan provisions or contribution. No assets are
accumulated in a trust that meets the criteria in paragraph 4 of Statement 75. The Plan does not
issue a stand-alone financial report.
Benefits Provided: Health. Dental, and Vision Benefits - The City provides healthcare benefits for
retirees and their dependents. The retiree pays 100% of the applicable coverage contribution
rate. The contribution rate for non -Medicare -eligible retirees is the current active employee
COBRA contribution rate. Medical benefits are provided through a self -funded plan administered
by Aetna. A non -subsidized Medicare supplement is provided by the City for retirees 65 and older
with the full premium paid by the retiree.
Employees covered by benefit terms: At June 30, 2024, the following employees were covered by
the benefit terms:
Inactive employees currently receiving benefits 3
Active employees not yet receiving benefits 281
Total 284
Total OPEB Liability - The City of Owasso total OPEB liability of $2,117,419 was measured as of
June 30, 2024 and was determined by an actuarial valuation as of that date. Other
postemployment liabilities attributable to governmental activities are generally liquidated by the
General Fund.
Actuarial Methods and Assumptions - The total OPEB liability in the June 30. 2024 actuarial
valuation was determined using the following actuarial assumptions and other inputs, applied to
all periods included in the measurement, unless otherwise specified:
a. Inflation
2.50%
b. Salary Increases
3.50%
c. Discount Rate -
4.21 %,
Based on S&P Municipal Bond 20 Year
High Grate Rate Index
d. Healthcare Cost Trend Rate
4.50%
e. Retirees' Share of Benefit -Related Costs
51.34%
f. Mortality Rates - RPH-2014 Total Table
with Projection MP-2021
The actuarial assumptions used in the June 30, 2024 valuation were based on the results of an
actuarial experience study for the twelve-month period ending June 30, 2024.
FN Page 48
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
Changes in the Total OPEB Liability -
Total OPEB
Liability
Balance as of July 1, 2023
$ 1,87076
Changes for the year:
Service cost
146,212
Interest
81,879
Differences between expected and
actual experience
(16,792)
Changes in assumptions or other inputs
104,073
Benefit payments
(68,559)
Net changes
246,813
Balance as of June 30, 2024
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate - The following presents the
total OPEB liability of the City of Owasso, as well as what the City's approximate total OPEB liability
would be if it were calculated using a discount rate that is one percentage point lower or one
percentage point higher than the current discount rate:
DISCOUNT RATE
1%Decrease Discount Rate 17.Increase
3.21% 4.21% 5,21%
Total OPEB Liability $ 2,338,229 $ 2,117,419 $ 1,919,595
Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates -The following
presents the total OPEB liability of the City of Owasso, as well as what the City's total OPEB liability
would be if it were calculated using healthcare cost trend rates that are one percentage point
lower or one percentage point higher than the current trend rate:
Total OPEB Liability
1% Decrease
3.50%
37 1,8 44,763
TREND RATE
Health Care
4.50%
$ 2,117,419
1 % Increase
5.50%
$ 2,430,196
FN Page 49
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to
OPEB - For the year ended June 30, 2024 the City of Owasso recognized OPEB expense of
$152,693. At June 30, 2024, the City of Owasso had the following deferred outflows and deferred
inflows of resources related to OPEB.
Differences between expected and
actual experience
Changes in assumptions/inputs
Total
Deferred
Outflows of Deferred Inflows
Resources of Resources
$ 108,225 $ (272,590)
77,726 (280,505)
$ 185,951 $ (553,0951
Other amounts reported as deferred outflows of resources and deferred inflows of resources
related to OPEB will be recognized in OPEB expense as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
Thereafter
Total
Amortization
Expense
$ (75,398)
(75,398)
(75,398)
(53,507)
(54,094)
(33,349)
367,144
FN Page 50
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
4.C--Risk Management
The City is exposed to various risks of loss related to torts, theft of, damage to, or destruction of
assets; errors and omissions; Injuries to employees; employees' health and life; and natural
disasters. The City manages these various risks of loss as follows:
Type of Loss Method Managed
General Liability: Self -insured effective
- Torts November 2003.
- Errors and omissions
- Police liability
- Vehicle (vehicles with purchase price > $ 125,000 are fully insured)
Physical Property:
-Theft
- Damage to assets
- Natural disasters
Workers' Compensation:
- Employee injuries
Health:
- Medical
- Dental
- Vision
Property is fully insured by
commercial carrier.
Self -insured within limits of
Oklahoma workers'
compensation laws.
Self -insured effective July 2004
Risk of Loss Retained
Entire risk of loss retained in
self-insurance fund.
$25,000 deductible
Specific retention of $1,000,000 for
Police and Fire and $750,000 for
all other per accident or disease
with employer liability of
$1,000,000 per accident or disease.
Stop loss of $140,000 per
employee per plan year.
Third party administrator is
AETNA.
Claims Liability Analysis: The claims liabilities related to the above noted risks of loss that are
retained are determined in accordance with the requirements of Government Accounting
Standards Board (GASB) Statement 10, which requires state and local governmental entities,
other than public entity risk pools, to report an estimated loss from a claim as an expenditure/
expense and as a liability if both of these conditions are met:
a. Information available before the financial statements are issued indicates that it is
probable that an asset had been impaired or a liability had been incurred at the date
of the financial statements. It is implicit in this condition that it must be probable that
one or more future events will also occur, confirming the fact of the loss.
b. The amount of the loss can be reasonably estimated.
FN Page 51
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
For the risk management internal service self-insurance funds, changes in the claims liability for
the City from July 1, 2022 to June 30, 2024 are as follows:
Claims liability and related payables, July 1, 2022
Claims incurred and changes in estimates
Claims paid
Claims liability and related payables, June 30, 2023
Claims incurred and changes in estimates
Claims paid
Claims liability and related payables, June 30, 2024
General
Workers'
Liability/
Total
Compensations
Healthcare
Property
Internal Service
$ 453,000
1; 403,200
$ -
$ 856,200
20,566
5,874,233
54,262
5.949,061
(52.566)
(5,793,033)
(54,262)
(5,899,861)
421,000
484,400
-
905,400
261,156
6,891,161
177,913
7,330230
(227,156)
(6,785,961)
1177,913)
(7.191.030)
_$ 455.000
$ 589.600
$
$ 1.044,600
The City has elected to retain significant retained earnings in the internal service self-insurance
funds as a reserve for catastrophes.
The City maintains a stop -loss policy for plans to limit risk associated with the self -insured plans. For
insured programs, there have been no significant reductions in insurance coverage. Settlement
amounts have not exceeded insurance coverage for the current year or prior year.
4.D--Commitments and Contingencies
Commitments: The City of Owasso and OPWA Trust Authority (OPWA), under the auspices of Title
62, Chapter 9 of the Oklahoma Statutes, have economic development sales tax payback
agreements with an entity for rebate of all or a portion of the two -cent General Fund sales tax
generated on sales at the property identified by the respective agreement. Taxes eligible for
rebate are recorded as revenue in the General fund as earned and further reflected as transfers
to the OPWA. Rebate -eligible sales tax is recognized as expenses by the OPWA as incurred
(earned by the recipient). The agreement required the construction and operation of a new
business within the City limits. In return, it became eligible for a refund of all or a portion of sales tax
revenue generated at its respective place of business up to a maximum reimbursement amount
as outlined in the agreement. In addition, the City has Tax Incremental Financing (TIF)
Agreements with three entities. The entities will receive a rebate on the ad valorem tax assessed
by the TIF. The sales tax payback combines with the ad valorem rebate, to be paid annually, until
the agreement is fulfilled. As of June 30, 2024, the contract amount related to OPWA payback
agreements totaled $1,317,550. Some of the agreements expire after a period of time, whether or
not the business has reached the maximum rebate amount specified in the agreement or has
been reimbursed for any of the cost of infrastructure. All obligations of the City for infrastructure
improvements in relation to the agreements have been met. A breakdown of tax abatements by
recipient Is prohibited by State statute due to required confidentiality of sales tax collections by
vendor.
FN Page 52
NOTES TO BASIC FINANCIAL STATEMENTS — Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
The City has various construction contracts at year-end. A substantial amount of these
commitments are for infrastructure. At June 30, 2024, the City had some significant outstanding
commitments on contracts in excess of $1,000,000. The total contract amounts were
approximately $40.5 million, and the remaining balance on those contracts totaled
approximately $21.2 million, as of June 30, 2024, A breakdown of the outstanding encumbrances
follows:
Fund
General
Half -Penny Sales Tax
Vision Recapture Tax
Capital Improvement
Nonmajor Governmental
OPWA
Total Encumbrances
Continaencies:
Encumbrances
$ 2,308,114
1,078,887
1,975,667
2,116,512
4,639,330
9,072,558
$ 21,191,068
Grant Program Involvement: In the normal course of operations, the City participates in
various federal or state grant/loan programs from year to year.. The grant/loan programs are
often subject to additional audits by agents of the granting or loaning agency, the purpose of
which is to ensure compliance with the specific conditions of the grant or loan. Any liability of
reimbursement which may arise as a result of these audits cannot be reasonably determined
at this time, although it is believed the amount, if any, would not be material.
Litigation: The City is a party to various legal proceedings which normally occur in the course
of governmental operations. The financial statements include an accrual for loss
contingencies that may result from these proceedings. State statutes provide for the levy of
an ad valorem tax over a three-year period by a City "Sinking Fund" for the payment of any
court assessed judgment rendered against the City. This statutory taxing ability is not available
to the City's public trusts (Authorities).
While the outcome of the above noted proceedings cannot be predicted, due to the
insurance coverage maintained by the City and the State statute relating to judgments, the
City feels that any settlement or judgment not covered by insurance would not have a
material adverse effect on the financial condition of the City.
Debt: On November 7, 2017, the OPWA approved Resolution 2017-02 authorizing the
issuance, execution and delivery of a $7 million Revenue Anticipation Note dated November
8, 2017, at an annual percentage rate of 2% for a period of seven years for the purpose of
funding $7 million of Capital Improvements projects for the City of Owasso. The Owasso City
Council approved on November 7, 2017, Resolution 2017-20 authorizing the City Treasurer to
invest up to $7 million in the Revenue Anticipation Note (RAN) issued by the OPWA. As of
June 30, 2024, the City had not drawn down any of the funds.
FN Page 53
NOTES TO BASIC FINANCIAL STATEMENTS - Continued
CITY OF OWASSO, OKLAHOMA
YEAR ENDED JUNE 30, 2024
NOTE 5--FUTURE ACCOUNTING PRONOUNCEMENTS
The GASB has issued new accounting pronouncements, which will be effective to the City in
subsequent years. A description of the new accounting pronouncements, the fiscal year in which
they are effective, and the City's consideration of the impact of these pronouncements are
described below:
GASB Statement No. 101, Compensated Absences - This statement better meets the
information needs of financial statement users by updating the recognition and
measurement guidance for compensated absences. That objective is achieved by
aligning the recognition and measurement guidance under a unified model and by
amending certain previously required disclosures. This Statement will become effective for
the City in the fiscal year ended June 30, 2025.
GASB Statement No. 102, Certain Risk Disclosures - The objective of this statement Is to
provide users of government financial statements with essential information about risks
related to a government's vulnerabilities due to certain concentrations or constraints. That
objective is achieved by assessing whether a concentration or constraint makes the
primary government reporting units vulnerable to the risk of substantial impact. This
Statement will become effective for the City in the fiscal year ended June 30, 2025.
GASB Statement No. 103, Financial Reporting Model Improvements -The objective of this
Statement is to improve key components of the financial reporting model to enhance its
effectiveness in providing information that is essential for decision making and assessing a
government's accountability. This Statement also addresses certain application issues.
The requirements of this statement will become effective for the City in the fiscal year
ended June 30, 2026.
GASB Statement No. 104, Disclosure of Certain Capital Assets - The objective of this
Statement is to provide users of government financial statements with essential
information about certain types of capital assets. This Statement requires certain types of
capital assets to be disclosed separately in the capital assets note disclosures required by
Statement 34 and additional disclosures for capital assets held for sale. The requirements
of this statement will become effective for the City in the fiscal year ended June 30, 2026.
NOTE 6--SUBSEQUENT EVENTS
The City has evaluated subsequent events through the date of the independent auditors' report
which is the date the financial statements are available to be issued.
FN Page 54
REQUIRED
SUPPLEMENTARY
INFORMATION
CNY OF OWASSO, OIUAHOMA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF CHANGES IN THE CITY'S TOTAL OPEB
Last to Hsca1 Years
101E
2019
OUT
2021
2022
2023
2024
Total OPEB IablHy
Service cast
$ 118,303
$
1MI893
$ 140.710
4 175547
$ 199.061
$ 151.646
$ 146212
Interest cast
7Z235
72.774
65.702
47.018
46.808
68,550
81.879
Differences beb w expected and actual expetlence
-
(279,153)
180039)
1154.841)
1792961
19.987
104.073
Changes of ismamptlon gather Mputs
-
12,669
149MI
12530
(267,193)
(110,716)
116,792)
Bengt payments
148.875)
167.805)
(69.258)
1507211
(77.761)
(87,324)
(68.559)
Net change m total OPES IiabHly
141.663
p38.422)
206.206
29.533
p7B.381)
4Z143
246.813
Total OPEB liability - beginning
1,767.864
T.909,527
1.771,105
1,977.311
Z006.844
1828A63
Ib70.606
Total OPEB liability - ending
3 1,909.5D
$
1.771.105
13 9)L311
3 2006.844
S L828.463
S 1A70.606
$ 2.117.419
Covered -employee payroll
$ 14,835.673
$
15.65Z240
S 16.553.403
$ 17,921,347
$ 18,541.430
$ 20.728.820
$ 22,427.566
Total OPEB liobllty as a percentage
of covered -employee payroll
12.BZ%
11.32%
IL95%
11.20%
9.06%
9.02%
9.44%
Notes to Schedule:
IMarmahi far alt prior years Is arwyo8able.
There are no asseh acaumufatod in a hull that ..at the cdleda of GASB coABcalon P22101 or P52101 to pay related bene0ls for the OPEB plan.
See independent auditors' report as it relates to required supplementary information.
RSI Page 1
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See independent auditors' report as it relates to required supplementary Information.
RSI Page 2
cm Of OWASED. ORLAxOE6A
SCNEOYLE Of rOOPORIIONASE SNARE Of ME Nfl PENSION NNIM
ORWEORU MONOMERS PENSION { RETRES ENT SVSME
Lm1E0i4cd 6m
l0is
2011
2.11
201.
2019
20So
2021
2022
2m
W24
CilyS ptopolian of the net astim-labdly
11.1 SB%
11I9sim
1"785%
1.357154%
I.N553)%
1,17. 16
I.446965%
13 076%
15s1Yb%
L.S.
CBys Wapallamle st—oophe nel pemlon llaMSly
§@814.054
$13.58OV5
§16ASBA10
$17N 13
§14.580.796
§14.52200
§U.Bb.I2B
§I6Oa.952
§1gA2616
$18.121.911
0tv,—'etl posh
5 3.A2364
$ 3.365.11M
§ 3639.341
§ 3.76IM7
§ 3.961.245
3 4M3.07B
§ 4.8,3AM
§ 5.036.128
§ i119,128
$ S3J9089
alys pa le fide onhe net pension uaGLly osa pamemaye
al it, o
wve.d retl paylal
399%
40Tb
44M
454%
J69%
ail%
369%
2W.6
Ab%
341%
no, Iduaw net poglion as o percentage of the Sol of penOon PabMIy
E8.124
as]
"1871s
11,61%
10.A%
72 5
19.18%
84.24%
69a916
M.85%
Nd.4rosah.auN:
m.,cf-"eu m e2lhnm.munm.N ad.. wWah h on.yewN
See independent auditors' report as if relates to required Supplementary InfOnnation.
RSI Page 3
CITY OF OWMSO.OKLUHO6U
SCHEDULE OF COWRIIUSIONS
OKWNOI F@ENGNIERS PENSION S KEDREMENSSYSSFM
Wd to M-1 Yvan
slmai Nmwmaa camrmmmn
Conlnbul—Inre Wn 1a she slolulwry seOwi can?i Ii
CONMWon tleKiericy laxessl
o1v... — tlrO,W
ConlnWhom m a perc loge d caused pcyi l
NO., le SehatluN:
IdwmaHoDlorWptlwyean Nuna+mYaEle.
.13
.16
.17
.1.
.11
SUED
.1
SSE2
2SUL3
SY34
§ 471.216
§ S0 ,5OJ
§ S2 M
§ 554.574
E 6 10
$ 670,IIS
§ MOSS
E 7I4.217
E 14i,132
§ MMI
471.216
509.503
526.923
55694
'=?,a
VaI Is
7SSOSS
719117
743,132
8i4619
3
3
3
E
E
3
$
S
E
3
E3, 832
$l ,311
E1164707
E3.961.269
§4p148]B
34ACL6M
35.0XIM
45J19.128
E53 089
36,092.2E2
I,07%
14 W%
14,=
14.=
I'm
14.WA
14,00F
MOSHE
14.00R
14=
See independent auditors' report as it relates to required supplementary information.
RSI Page 4
CITY OF OWASSO, OKLAHOMA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
OKLAHOMA FIREFIGHTERS PENSION & RETIREMENT SYSTEM
For the fiscal year ended June 30, 2024
The information presented in the required supplementary schedule was determined as part of the
respective actuarial valuations.
Actuarial valuation:
Frequency Annual
Cost Method Entry age normal
Amortization The amortization method uses a level dollar of payroll
Assumptions
Long-term rate of return 7.5% per year
Salary increases 2.75%to 10.50%
Inflation rate 2.75% per year
Retirement age Normal retirement age is 50, or the date at which the
participant would achieve 22 years of service, if later
Mortality Pub-2010 Public Safety Table with generational
mortality improvement using MP-2018
See independent auditors' report as it relates to required supplementary information.
RSI Page 5
CIR OiOWP330.ORWIOIM
5 C NEOOIE OF C NPNGES IN NO FENSTIN YAFI6IR (ASSET(
ORSANOIM POLICE PENSION f 1AIREMENTS STW
.110NScd.—
"IS
A16
IDR
201e
=If
2020
2@1
A}2
999
3112A
Told pombn 46W .
SeMce cml
3 I11.
3 5MM
3 616,955
3 ]06.9e]
5 ]100I0
5 ]322)6
3 W.
3 fi]9,132
$ 98F5b
3 919,506
hillmN cod
1.4Y=
1.IY,Zm
1.7..1.
1,921514
I,W6.)I]
205B.T14
LMZT7
2.659569
2511.669
Y]d1 l
Page In boTold enm
24397
SI;IBI
2A26
NTioNTcel 0dwemvpoolod mE oclod egged-oo
1163.94&
135,169)
636)
(470.9401
149515)
o9T)M
1176.10)
]I.1)0
519@5
063.212
NanpllmcNyycl
9B5)M
I.",2)
Bm9fllpa911»nit FtlwinBreMAf
IIA)0.]141
I65"M421
11,457133)
IIA162591
057S6CB1
11.]5].ID11
(I,Ila]191
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12461M
12]99A3i)
0,m9B h di'mad"dod
-
9559399
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wl,O9
1]PNII
3),662
1,IN'dw
I..
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1, 212]92
No tl NO, in bid pndm RWlly
01.652
4MI.271
]21R)
2:026)S
1.M]S69
1.13].3i4
2586815
3H]i561
1,656V6
2031151
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314.752y7
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lod.2.4W
4i.532.1164
392.119.629
SN3M.M
$36519,666
$Xlll,617
9wn ed..M nel Inman
CvnlnbJliW-empgyel
3 326569
3 399,133
3 4d29&
3 434,.
3 453.IM
$ 476532
S 511.1.
3 559.053
3 501
3 .1,111
COnMWlldd-nmang.w
31316
37Sb32
3))SI4
W4,547
4Ohio
447197
433AN
35os.
497,692
5A.647
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19&723
242157
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36T.I.
.7.121
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1221A311
2719.133
2919321
I.Inlo
WAN
9.5)0511
12451910)
1.40]
Bene0l PVMNnl4 YcOXLrgreMWal employee conldEY9w
II,e]4]14)
IISOI.m21
11.457.1911
11,616.2591
11471.1
11.M.1)
(Llu.]19l
11400.IM
12464M
12T9p31
Adn9N wi,eevpmw
116A201
IAd401
ll ou)
119.0571
p9.e91
121551)
123.341
124,6W1
(2078)
(P,]021
CM1ayOhP1WWHeM1BIMaB algm
3{ ad
n77,762J
15595]6
174241
W,3]]
I.I31,07
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Oh
P.3751
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TOM
IASd
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R.2M
(am)
2M
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2.9.Fdl
3,W5.)66
0455911
.12l,142
2.0)1,62]
664,M
1.166.4N
161IAM
13=4741
IA�653
RSI1Wtivynel psllloll-pegnrk+9
1I.7M314
20.I00,113
0.18"A1
M114.
U.W.432
28.940.239
W.W.032
33,))1516
40884.7I8
37301,2u
Flm dtl ivy nN pNHIm-&TdM ibl
320.1 d1.115
323.9N5.W1_
SRIRA9X
j2 2
529.940,359
$29.6¢3.0)2
390.]]I316
440,884.1I6
aV.I..
SMII.M]
Rana rel pmdon laded RdYlly-v1dn9(0-lb) 3 13024]1 3 435n 31.6re.)n S 0&M 3 (WM) _3 1]2I6e1 S 1N363 515,961A691 a(1�1,91A 3 IN4,003)
See independent auditors' report as if relates to required supplementary Information.
RSI Page 6
ORY OF 0WASSO. ORIAHOfM
SCHEDULE OF PROPORTIONATE SHARE Of THE NO PENSION WBNSY(ASSEY)
OKLAIOMA POLICE PENSION S IMMEMENS SYSTEM
tan 10 nmal Ywn
Nis
"I,
SOT)
2018
"1,
2020
MIT
21Ua
SIDE
20M
CIIYS R.p.dit al Pe nel renWn babWlY laael
8919II%
IASIM
1.0511%
1.121M
1.12N1;
1.1305%
I.1"n
114M
1.21WR
1.2901%
ClNs pmpepionale store of the ne51D,v.n Tubilit, (anell
jI302.3271
4 43.179
$1.609.I0
$ 86.280
$(537.M)
5 (72.118)
$IN0.163
$I5.961d88)
iP.031.5761
$ 1394,0801
CRY5 Coveted-wol
$2A19274
E269<.629
43.039.391
50.420.202
j3.450.171
$3A76.122
E3.932127
j4S98.661
$4,05.164
$6A56,m
CIP0 ptopv .t.J ,1 a11he nel pension Tobin, fussed mo
pe¢ent.,e of lb C.P.,a
f12501`1
1.60%
52.96%
2.52%
(15.5m)
(1.96%1
343%
IIOB.6B%)
(22.1%)
e.12SI
Plan li]ucury—t pa,Man a, o p.... I.pa al Me Iotolp..Y n ROMly
(aua11
101.53%
"Set
O.M
99.18%
MAPS;
IW36%
9580%
IVADS
10226%
101.02%
Nalo,fo Sch,tlule:
T e he W. R menhe.... ,nl aof, whkh h—pmm mnea
See independent auditors' report as it relates to required supplementary intonnatian.
RSI Page 7
CHY Of OWASSO. OKb1HOMA
OKIAHOMA POLICE PENSION A RETIREMENT SYSTEM
Wd 10 Hsaal Years
StalubtRy reg15redcmltbuNon
Canftb lbns In Inbtlm to the statWaEy tequbed
aontrlbutlon
Contribution deffclmry excess)
C146 coveted papal
Con0lbutbns as a Wmnta0e of covered papal
2015 2016 2017 1013 2019 2010 2021 2022 =3 2M4
350.260 3 395,119 ; 444,625 ; M3.521 $ 477.675 ; 511,254 $ SMUOS $ 531.677 $ 631,116 ; 704.314
350.2E0 395119 444.625 4AS21 47.395 511,04 MAM wl1 01.116 704.314
$ ; $ M $ M $ M $ M i M $ $ E
62,694.629 4U39,3RI 33.420.92 $3.450171 $3.676,122 53.93Uf1 $4X93.661 $4.475.914 34,&54p3S SSA17.999
13MA 13.00E MOM, 13.005E MORE 13.0TX 13.005E 13M96 13005E 13005E
See independent auditors' report as it relates to required supplementary information.
RSI Page 8
CITY OF OWASSO, OKLAHOMA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
OKLAHOMA POLICE PENSION 8 RETIREMENT SYSTEM
For the fiscal year ended June 30, 2024
The information presented in the required supplementary schedule was determined as part of the respective
actuarial valuations.
Actuarial valuation:
Frequency Annual
Cost Method Entry age actuarial
Amortization The unfunded actuarial accrued liability is amortized as a
level dollar amount over a 5-year open period. Surplus, if any,
is amortized as a level dollar amount over a 30-year open period.
Assumptions
Long-term rate of return 7.5% per year
Salary increases 3.5%to 12.0%
Inflation rate 2.75% per year
Retirement age Normal retirement age is 50, or the date at which the
participant would achieve twenty years of service, if later
Mortality PubS-2010 Employee (Below Median) Mortality Table with rates
set forward two years and projected generationally using SOA
Scale MP-2021
See independent auditors' report as it relates to required supplementary information.
RSI Page 9
clnorowasso. oXuxoxw
lep lPNNlaerr
LNtlpanY9n5abiM
MIS
20I4
Mir
Nis
M19
WIG�
Sml
1%3
3
36H
SeMeecorl
3 ..616
S 6R5.7I2
S dU,992
$ 6W,s31
3 MI.
S B%JS]
$ .1.1,
S W31B9
$ 959M)
3 919.RW
Yllxel mll
WR2Y
9IX,9%
'I'm.
I.IOI.YI
I,iR,l16
IYd.5p8
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-
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-
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-
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1,162.SU
1MIU
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I,RH,13j
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,
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,.
3X;Y
yAA5R1113M
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CmItlWRMI-arnlAvpr
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$ ISR.B4
y 195.503
j SUd55
3 dd9,H6
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H5,U3
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I.MIU
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IR42191
13%6.W
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15362
17A"A47
IX,I59.)R
1996).)L
H.991313
H,IS3.5O
Hm11M]vymlpvlllon-en6np lD1
y12d=3.191
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11A�
SI&]3sm
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i 513.95
S M
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$ 3.031.3%
Xalerlp SNatlNe:
iM1e rcM1NNe /i yr Y 1M1e nraalpnmenl JaM, vAleM1 4 eir ywr /n anwn
See independent auditors' report as if relates to required supplementary information
RSI
Page 10
Cm OF OWASSO, OKLAHOMA
SCHEDULE OF PROFOR11ONALE SNARE OF MENU PENSION WUIMF(ASEM
ONIAHORU MUNICIPAL RMEMENI FUND
Lad 10 FDoal Yaoa
3015
.11
=17
WIG
]pl3
NSA
=1
SPAS
so.
10RG
Clys UnOwtionate share of the net pension Realty (anal)
§1513.9551
$ zlzJ
$ 9mm
SI.095.80,
SI.ON.A58
51,539.393
!I5M13
$IIX46961
§2539.81]
$am1859
Cilysco... ad payed
§5.69.136
35.955,951
S6.s?PW
37.W2963
§7,316,305
§793.133
§8.I21.058
5&5XOM
$ 9.CMNS
§ 9.86J)86
Clly's plopMlmwle IM1ale of 1M net person 6o1oDly (..If or
a pacenlope of Ss Covered papal
(9.09%)
03%
I4.67%
15.65%
W.76%
m=
3095E
11&31%1
'm.15%
397R
Pon Iduciary net pollllon as a pe ceneae of the Iola pemion
snarly dossed)
10432%
99.75%
93.591%
9J4M
Y405%
92'm
83d
106'ses
WII%
89]
Naln N Eaheeule:
Me lo4odote 4 as aMe eeasmxneeldafe. Which! are PeorManeap.
See Independent auditom'report as if relates to required supplementary information.
RSI Page 11
Cm OF OWASSO. OKLAHOMA
SCHEDULE OF CONIRIBUNONS
ORLAHOMA MUNICIPAL RFNREMLN} FUND
Lad 10 FNmI Years
Acluarfly defermined con816uflon
Employer CmIribullons
Employee contribution
CmiribNlon dolklenry fenceul
Clly'scoveredpayroll
Cantrbutlons as a pemento0eof covered paVo2
2015
2016
m12
NIB
"IF
=20
2021
20M
W23
20M
E 68,LDM
$ 721,736
E 192,381
S 859,129
S 913,339
51,033.812
E1.122.BD
E1.238S65
$1.292,941
S 098.049
428.631
450.R46
495.503
543AB5
441.114
68,a"
759.669
854121
813,136
9M.108
255.463
270.890
296,884
316.214
SIMMS
345.951
36310E
384.288
419.813
453.941
E
E
E
E
E
E
$
S
$
S
45,955.951
E6,329.343
E1A02,962
51.316.302
52.573.133
48.121M
E11.526,026
$9,04.865
E9,B54,186
E10.655.861
11.49%
11.40%
LIZA
11.15%
12 %
12.73%
11176
13.I3%
13.12%
13.1296
See independent auditors' report as R relates to required supplementary information,
RSI Page 12
CITY OF OWASSO, OKLAHOMA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
OKLAHOMA MUNICIPAL RETIREMENT FUND
For the fiscal year ended June 30, 2024
The information presented In the required supplementary schedule was determined as part of the respective
actuarial valuations.
Actuarial valuation:
Frequency
Annual
Cost Method
Entry age normal
Amortization
The amortization method uses a level percentage of payroll
over a closed 30-year period.
Assumptions:
Long-term rate of return
7.5% per year
Salary increases
Range of 4.5%to 7.5% per year
Inflation rate
2.75%per year
Retirement age
Normal retirement age is 65 with 5 or more years of vesting service
or age 62 with 30 or more years of vesting service.
Mortality
PubG-2010 with project mortality improvement based on employee's
year of birth
See independent auditors' report as it relates to required supplementary information.
RSI Page 13
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
BUDGET COMPARISON SCHEDULE
CITY OF OWASSO
JUNE 30, 2024
Budgetary Accounting: The annual operating budgets are prepared and presented on a
budgetary basis of accounting, which differs from the modified accrual basis. Under the
budgetary basis, certain revenues are recognized when received rather than when measurable
and available.
Per City Ordinance, the City utilizes encumbrance accounting during the year on a limited basis
for certain purchase orders and other commitments for the expenditure of funds which are
recorded in order to reserve a portion of the applicable appropriation. Encumbrances lapse at
year-end; therefore, encumbrances outstanding at year-end are not considered expenditures for
budgetary purposes, as the City will provide for supplemental appropriations in the following
budget year.
Budget Law: The City prepares its annual operating budget under the provisions of the Municipal
Budget Act of 1979 (the "Budget Act"). In accordance with those provisions, the following
process is used to adopt the annual budget:
a. Prior to June 1, the City manager submits to the City Council a proposed operating budget for
the fiscal year commencing the following July 1.
b. Public hearings are conducted to obtain citizen comments. At least one public hearing must
be held no later than 15 days prior to July 1.
c. Subsequent to the public hearings but no later than seven days prior to July 1, the budget is
adopted by resolution of the City Council.
d. The adopted budget is filed with the Office of State Auditor and Inspector within 30 days of
the start of the year.
All funds of the City with revenues and expenditures are required to have annual budgets. The
legal level of control at which expenditures may not legally exceed appropriations is the
department level within a fund.
All supplemental appropriations require City Council approval. The City Manager may transfer
appropriations between departments without City Council approval. Supplemental
appropriations must also be filed with the Office of State Auditor and Inspector.
In accordance with Title 60 of the Oklahoma State Statutes, the OPWA, the OPGA, and the OEDA
are required to prepare an annual budget and submit a copy to the City as beneficiary.
However, there are no further requirements such as form of budget, approval of the budget, or
definition of a legal level of control.
See independent auditors' report as it relates to required supplementary information.
RSI Page 14
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Beginning Budgetary Fund Balance
Resources (Inflows):
TAXES
Sales Tax
Use Tax
Franchise Tax
Occupation Tax
Budgetary
Variance with
Basis
final Budget
Budgeted Amounts Actual
Positive
Original Final Amounts
INegativel
S 12,651 610 E 16,718.403 S 16.718,403
$
33.437,127
33,537,127
33,404,113
1133,0141
5,060,748
5,060,748
5,560,626
499.878
1,394,841
1,394.841
1,345,590
[49,251)
37.050
37,050
28,733
(8,3171
TOTALTAXES 39,929,766
40.029,766
40.339.062
309,296
INTERGOVERNMENTAL
Alcoholic beverage tax
115,000
115,000
115,415
415
Motor vehicle license
278,308
278.308
288,780
10,472
Gas excise tax
66,821
66,821
69,489
2.668
Cigarette/lobacco tax
315,852
315,852
285,850
130,002)
Grant and other intergovernmental revenue
360,000
445.669
479,273
33.604
TOTAL INTERGOVERNMENTAL
1.135981
1,221,650
1.238,807
17,157
CHARGES FOR SERVICES
FINES AND FORFEITURES
BUILDINGS AND OTHER
LICENSES AND PERMITS
INVESTMENT INCOME
MISCELLANEOUS
OTHER FINANCING SOURCES
Transfers from otherfunds
TOTAL OTHER FINANCING SOURCES
Total Resources (Inflows)
Amount available for appropriation
765,658
779,427
791,444
12,017
274,896
274,896
383.024
108,128
288.788
288,788
339,167
50.379
122,574
122.574
743,648
621,074
96,132
146,627
332,825
186,198
22,116.851
22.116.851
22184,454
67.603
22,116,851
22.116,851
22,184,454
67.603
64,730.646
64.980,579
66,352.431
1.371,852
E 77.382.256
$ 81,698.982 S
83,070,834
$ 1,371,852
(Continued)
See independent auditors' report as it relates to required supplementary information.
R51 Page 15
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the Fiscal year ended June 30, 2024
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts Actual
Positive
Original Final Amounts
(Negative)
Charges to Appropriations (Outflows):
GENERAL GOVERNMENT
CITY MANAGER
$ 1,211,104 $
1,206,754 $
1,120,448 $
86,306
FINANCE
942,367
940,284
903,768
36.516
MUNICIPAL COURT
411,777
415,777
357,357
58,420
INFORMATION TECHNOLOGY
1,324,626
2,744,229
1,235,058
1,509,171
GENERAL GOVERNMENT
682,242 682,242 549,637 132,605
BUILDING MAINTENANCE 639,746 1,063,248 922,339 140,909
HUMAN RESOURCES 627,144 651,144 622,730 28414
TOTAL GENERAL GOVERNMENT $ 5,839,006 $ 7.703,678 $ 5,711,337 $ 1,992,341
(Continued)
See independent auditors' report as it relates to required supplementary information.
RSI Page 16
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Charges to Appropriations (Outflows):
PUBLIC SAFETY
POLICESERVICES
EMERGENCY COMMUNICATIONS
ANIMAL CONTROL
FIRE/AMBULANCE SERVICES
EMERGENCY MANAGEMENT OPERATIONS
Budgetary
Variance with
Basis
final Budget
Budgeted Amounts Actual
Posifive
Original Final Amounts
INegafivel
$ 8,690,191 $
8,922,731 $
8,860,716 $
62,015
351,543
434,728
357,611
77,117
303,211
306,111
301,651
4,460
5,780,000
5,783,500
5,783,500
-
150,472
185,450
151,309
34,141
TOTAL PUBLIC SAFETY $ 15,275,417 $ 15,632,520 $ 15,454.787 $ 177,733
(Continued)
See independent auditors' report as it relates to required supplementary information.
RSI Page 17
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts Actual
Positive
Original Final Amounts
(Negative)
Charges to Appropriations (Outflows):
PUBLIC WORKS
STREETS
$ - $
2,000,000
$ -
$ 2,000,000
ENGINEERING
1,061,253
I,D90;653
1,024,296
66,357
CEMETERY
119,842
280,633
95,178
185,455
STORMWATER
717,748
759,301
672,648
86,653
TOTAL PUBLIC WORKS $ 1,898,843 $
4,130,587
$ 1,792,122
$ 2,338,465
(Confined)
See independent auditors' report as it relates to required supplementary information,
RSI Page 18
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND--Confinued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts Actual
Positive
Original Final Amounts
(Negative)
Charges to Appropriations (Oufflows):
CULTURE AND RECREATION
RECREATION AND CULTURE $
583,666 $
715,890 $
519,112 $
196,778
COMMUNITY CENTER
514,629
578,540
438,602
139,938
PARK MAINTENANCE
1,461,607
1,713,639
1.023,458
690.181
HISTORICAL MUSEUM
39,897
44,003
33,258
10,745
TOTAL CULTURE AND RECREATION
2,599,799
3,052,072
2,014,430
1,037,642
ECONOMIC DEVELOPMENT
173,000
182,718
147,151
35,567
STRONG NEIGHBORHOODS
17,221
17,221
16,326
695
COMMUNITY DEVELOPMENT
1,007.062
1.024,520
965,535
58,985
OTHER FINANCING USES
Transfers to other funds
36,671.642
36,771,642
36,638,628
133,014
Total Charges to Appropriations
63,481,990
68.514,958
62,740,316
5.774,642
Ending Budgetary Fund Balance
$ 13,900,266
$ 13,184.024
$ 20,330,518
$ 7,146,494
(Continued)
See independent auditors' report as it relates to required supplementary information.
RSI Page 19
BUDGETARY COMPARISON SCHEDULE -- GENERAL FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Reconciliation of the General Fund Balance Sheet to the Budgetary
Comparison Schedule - General Fund
Fund balance - general fund
$ 24,532,661
Receivables not recognized for budgetary basis
Sales tax receivable
(4,420,126)
Use tax receivable
(678,833)
Other tax receivable
(193,229)
Franchise tax receivable
(137,559)
Court fines receivable, net of uncollectibie
(114,641)
False alarm fines receivable, net of uncollectible
(19,350)
Miscellaneous receivable
(468)
Prepaid items
(178,122)
Plus receipts not recognized as revenue for GAAP 93,811
Plus GAAP expenditure accruals not recognized for budgetary basis 1,481,049
Less receipts not recognized as revenue for budgetary basis (34,675)
Fund balance - budgetary basis $ 2D,330,518
(Concluded)
See independent auditors' report as it relates to required supplementary information.
RSI Page 20
MAJOR
SPECIAL
REVENUE
FUND
Major Special Revenue Fund
Half -Penny Sales Tax Fund: Accounts for half -penny sales tax revenue. Funds are restricted to
operational or capital expenditures for Police, Fire, and Streets functions.
See independent auditors' report as it relates to required supplementary information.
RSI Page 21
BUDGETARY COMPARISON SCHEDULE -- HALF -PENNY SALES TAX FUND
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
HALF -PENNY SALES TAX FUND
Beginning Budgetary Fund Balance
Resources (Inflows):
SALES TAX
MISCELLANEOUS
INVESTMENT INCOME
Transfers from other funds
Total Resaurces (Inflows)
Amount available for appropsiallon
Charges to Appropriations (OuRlows):
Public Safety
Fire
Police
Total public safety
Public Works
Streets
Total Charges to Appropriations
Ending Budgetary Fund Balance
Budgetary Variance with
Basis Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts fNegativel
$ 5,484,586 $ 8,914,462 $ 8.914,462 $ -
5,606,889
5,606,889
5,597,915
f8,9741
-
237,599
151,725
185,8741
85,389
85,389
342,712
257.323
1.134.515
1,134.515
1,13C515
6,826,793
7,064.392
7,226,867
162,475
12,311,379 15,978,854 16.141,329 162,475
$ 3,827,284 $ 5,818,347 $ 5,185,855 $ 632,492
2.575,505 3.197.550 2.402170 795,380
6.402.789 9.015,897 7,588,025 1,427,872
3,072.650 5,076.243 2.895,113 2.181,130
9.475,439 14.092,140 10,483,138 3.609,002
$ 2.835,940 $ 1.886,716 $ 5.658,191 $ 3.771,475
See independent auditors' report as it relates to required supplementary information.
RSI Page 22
BUDGETARY COMPARISON SCHEDULE -- HALF -PENNY SALES TAX FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Reconciliation of the Half -Penny Sales Tax Fund Balance Sheet to the Budgetary
Comparison Schedule - Half -Penny Sales Tax Fund
Fund balance - half -penny fund
Receivables not recognized for budgetary basis
Sales Tax Receivable
Miscellaneous Receivable
Plus GAAP expenditure accruals not recognized for budgetary basis
Fund balance - budgetary basis
6,341,186
(740,525)
(9,533)
67.063
$ 5,65B,191
(Concluded)
See independent auditors' report as it relates to required supplementary information.
R51 Page 23
OTHER
SUPPLEMENTARY
INFORMATION
NONMAJ
GOVERNMENT
LiII1►L
Nonmajor Governmental Funds
Special Revenue Funds: Special Revenue Funds are used to account for the proceeds of specific
revenue sources that are legally or administratively restricted or committed to expenditure for
certain purposes. The reporting entity includes the following special revenue funds:
• Ambulance Service Fund - Accounts for the revenue received from ambulance
subscriptions and billings. Allocated revenue is 85% of receipts for ambulance billings and
subscriptions.
• Emergency 911 Fund - Accounts for the revenue received from the emergency service fee
on telephone bills. Funds are used to pay monthly service charges for the 911 system.
Remaining funds may be used for any other emergency communications need.
• Cemetery Care Fund -Accounts for 12.5%of revenue from cemetery service fees (lot sales
and interments). These funds may only be used for capital improvements to the cemetery.
• Emergency Siren Fund - Accounts for the per acre fees received when new subdivisions
are platted as required by subdivision regulations. Funds are used for the acquisition
and/or purchase of emergency sirens.
• Juvenile Court Fund - Accounts for fines generated as a result of prosecution of juveniles
under the "Agreement for Municipal Court Jurisdiction Concerning Juveniles." Funds are
used for local programs that address problems of juvenile crime.
• Hotel Tax Fund - Accounts for a 3% hotel tax to be used in economic development and
promotion of tourism and a 2% hotel tax designated to fund the Owasso Strong
Neighborhoods Initiative.
• Stormwafer Management Fund - Accounts for revenues derived from the stormwater
system service charge. Funds are used for expenses attributable to stormwater
management services.
• Federal Grants Fund - Accounts for large Federal grants received by the City. Currently,
the fund includes revenue and expenses related to the Coronavirus State and Local Fiscal
Recovery Funds program, a port of the American Rescue Plan Act.
• Opioid Settlement Fund - Accounts for funds received from a settlement for
pharmaceutical opfoids which have harmed the City of Owasso and its citizens.
Capital Project Funds: Capital Project Funds are used to account for resources restricted,
committed, or assigned for the acquisition or construction of specific capital projects or items. The
reporting entity includes the following capital project funds:
• Ambulance Capital Fund - Accounts for the fifteen percent (15%) of revenue from
ambulance billings and subscriptions. Expenditures are for ambulance capital outlay for
ambulance service.
• Tax Incremental Financing Fund - Accounts for two cent sales tax revenue from businesses
opened on or after December 20, 2016, located within the Redbud District (TIF) as well as
property tax generated from increased valuation within the TIF.
• Park Development Fund - Accounts for revenue received from building permit charges
required by ordinance as in -lieu -of payments in subdivisions that do not donate park
property. Funds are used for improvements to and development of the park system.
• Capital Project Grant Fund - Accounts for grant revenue from state and federal grants.
Funds are used for capital improvements as specified in grant contracts.
• Transportation Tax Fund - Accounts for 55/100th's sales tax revenue for periods after
December 31, 2023. Funds are restricted to capital expenditures for transportation
projects.
Debt Service Fund: The Debt Service Fund accounts for ad -valorem taxes levied by the City for
use in retiring judgments and their related interest expense. Issuance of General Obligation debt
requires voter approval. The City neither has any outstanding General Obligation debt nor voter
approval to issue General Obligation debt.
OSI Page 1
COMBIwxO LRuxcL ME.
COY O F O W ASio. OXMlJ0MA
June W.2pl
AmbWanee
Fmepenry
Cemetery
Fmepen%
lunale
xeNl
11---far
HBnd
OPlol.
Sallee
III
Con
Lnn
Coul
To.
Mwo0emml
Olmb
Iowemml
Fund
no
Nna
MM
fund
Fund
Fond
Fond
Funa
ASSEf6
CmhWVWenis
3 B9d949 $
6,),104 5
7.601 3
97.BSI j
bl S
1.522535
$ 3213A21 $
2 0..IaB 3
W.113
Invedrtpn4
]69,]0I
569a1]
6.687
96AI6
21U
1a39269
MQAM4
2A2].692
2BB.IA3
ACCOMx ncavmlB, net of dlowmce
113111,51
-
-
-
-
.312
951113e
.of nm a 1. Dowmmenh
42446
UMLMES
4 cruet payotle
MCiuedpafolfiah.lof
Our, to olhor feub
unr,mned reeenue
Reldno0e
Y.W. revenue-chv0el bFurdcot
FOND BµA B
Ron[NOW
Commllled
FOMI lm $ 1061.381. 3 125B.M] 3 14211B S Mon 1 ,3, S 2.92,11.1 $ 607.199 $ 4.M.IJO 3 6I,,
i 31A22 3 13,42. $ . 3 - 3 . 3 54 3 m1.953 $
FM 31.061 5113 1= -
iOiN LWILIIIH 64.121 50:H9 S6Bi 211AV9pb9
IOiALMNDIJ I CU
IOTA LJMLIIEE. OEFHRFD WLOWS OF
RF50ORCFS. MD FOW BA CH
96].165 _
- I.A&216 I,:RBB 434 2,9.411 - 616.358
2Ab.2B5 - IB19 P5 6A]6.130
2X40,M I.AB.21B 14.288 163.925 V4 292]dl9 cow, 616d59
i. 3067.591 S 1,256.161 3 14ass $ IB2.925 3 6d4 $ 2.92M.1 3 6291.199 3 ,.MOAM0 3 616,M
1ConlWJed1
OSI Page 2
COMBINING BALANCE SHEET
NONMAIOR GOVERNMENTAL FUN US
CITY OF OWASSO, OKLAHOMA
June 30, W24
ASSES
CashaM emh equWalenh
Inveshnenls
Accounts mcaivoble, net of afoeance
Dee no. other govemmenh
UABILITIES, DEFERRED INFLOWS OF RESOURCES, I
LIABILITIES
Accounts payable
Acwetl poysol Bobpilles
Due to other Finds
Uneomeem enue
Retdnage
DEFERRED INFLOWS OF RESOURCES
Ui oBable revenue- chorges for services
FUND BALANCES
Restricted
Commilted
CAPITAL PROJECTS FUNDS NanmaloF
Ambulance ToxlnemmeniAl Pask CapHN TsanspadoHen Debt GevwnmenlN
CapUnl Financing OrvNepmenl Pmlect GmN Tax Sesvlce Fund
Fund fund fund Fund Fund Fund TBteh
§ 3SU113 3
WASS $ 202,311
$ - § 1.165.23 $
1,2S9 S
10.817..054
07.416
29,594 122.960
- 1.024.990
1.102
9.515,OA
15.
- -
- -
-
1,719.806
25,048
124,296 810,04
12
I.002.916
TOTAL ASSETS § 651.338 $ 195,127 $ 380.271
S 124.A6 § 3.000.862 Z328 $ 0,054,855
FUND BALANCES
b 19.999 § W.101 $ - § - S 408.196
- 198099 - 34,625 - - 204.756
4.334.389
7.911
TOTAL LIABILITIES I3 ime" 191999 1E4D6 SA0B.513
TOTAL FUND BALANCES
TOTAL UABILBES, DEFERRED INFLOWS OF
RESOURCES AND FUND BMANCFS
- 25.048 - - 3=862 2.378 9A90.610
649,955 3602n 9.312,S67
649.955 25.018 3ML222 3.000a69 23WT 17..10,199
S 651.138 $ 195.127 ¢ 380.271 $ 124.276 § 3.000.869 S 2.378 § 23A54.855
1Candudedl
OSI Page 3
COMBINING STATEMENT OF REVENUES, ERIENOINRES, AND CHANGES IN FUND BALANCE
NONMAJOR GOVERNMENTAL FUNDS
CT' OF OWASSO, ONW HOMA
For Mo Neol yeol nA.d Jun•Sq RUSS
Ambubne•
Fm•FO•ncY
C•m•4ry
Pm•rp•rrtY
J..m.
Hol•1
slermwnly
F9Nml
ORIeW
$.Mca
III
Con
SVm
Court
inc
MunaB•m•M
GmMs
SeM•maM
Fund
Fund
Furl
Fund
FwM
Wnd
Fund
Wnd
Fund
REVENUES
Taws
S -
S -
S -
3 -
S -
$ 660.747-
InbsOavemmenMl
735.595
445,020
-
-
-
-
-
400.M4
-
CForpaslwservkes
2.353,227
-
U62
2367.079
UaBon. and ArnUN
-
-
-
5,11E
-
InvnSlm[Mlnmme
61.168
42.992
526
28d41
1a
104,791
201d
Muceloneous
344
441]12
TOTAL REVENUES
3.IMSa4
JOB=
1.888
31455
165
765543
2.5IASI
405 44
451.m
EXPENDITURES
Cunanl:
Genelplpovanmfnt
-
-
-
-
1556E
-
-
-
-
FubjcpolaEy
2.056.123
TA01.602
-
-
-
-
-
-
Economkdevelopmanl
-
-
-
-
-
324.813
-
-
-
ruwcvaks
24117I
CapUw.hkSy
842.286
9314M
-
-
3WSUI
2.222
TOTAL EXPENDITURES
2890.909
1,401.102
"IJI'S
IS562
3NA13
I0,929"
7.722
RavenuN over(Underl evendllms
254A25
(913.582)
I'm
11192612)
(ISd9F1
440.230
1. WSS
4CO622
451.08
OTHER FINANCING SOURCES (USES)
SERA
20.764
D.M.nN-
RanAerswf
-
-
140/6221
-
TOTALOTHERFINANCINGSOURCEBIUSO)
20,7"
LM0.000
-
-
-
14w6221
NET CHANGE IN FUND BALANCE
2SS.189
206A10
IA00
(897.6I2)
(15.397)
440.Ao
1.466.455
-
451.478
FUND BALANCE -BEGINNING OF YEAR
1165L96
92I000
12A03
1MI532
ISA31
2.4B2199
4.6J 1.625
164ASO
FUND BALANCE -END OF YEAR
3 Z010185
$ 1.MR218
14.288
$ 103925
$ 434
3 2.9M.019
S 6JI29.130
j -
f 61IA58
ICOnlinusd)
051 Page 4
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
NONMAJOR GOVERNMENTAL FUNDS
CITY OF OWA5SO, OXIAHOMA
Far The fiscal year ended June 30, 2026
CAPITAL PROJECTS FUNDS Nanmafor
Ambulunaa Texlncremantal Park CapBul Tmn"ar."an Debi Gavemmental
CepBnl Financing Development Prole ,Grant Tax Service Fund
Fund Fund Fund Fund Fund Fund Tofals
REVENUES:
Taxes
; - $
549.422 $
- b
- $ 2,983,137 $
84 E
4,193.390
IntemOvemmenlal
-
-
-
2B4.671 -
-
1.873,638
Charges for seM es
405.746
-
-
- -
-
5.118,214
Llcemes and permits
-
-
112,100
- -
-
117212
Investment Income
22.318
4,606
12ZIB
- 17.730
BB
509.569
Mlscelaneous
442056
TOTAL REVENUES 428.D64
554,DM
124,418
284.671 3.000.867
172
12.254.079
EXPENDITURES:
Current
Genemlg emmenl
-
- - - -
- 15,562
Public surety
231177
- - - -
- 3.480.902
Econ.r development
-
- - - -
- 324,813
Public wads
-
- - - -
- 742.171
Caplidoulknr
254319
19,999
2A07.299
TOTAL EXPENDITURES
278.D96
19.999
6.9M.747
Revenues over (under) eVendilures
149.968
554.028 104,619 284.671. 3.000867
172 5.283.332
OTHER FINANCING SOURCES (USES)
SBITA
_ _
_ -
- -
20.764
immlersM
_ _
_ _
_ -
1.200.000
Tramfed out
1529an
1284.6711
11.215.1161
TOTAL OTHER FINANCING SOURCES(USES1
- 1529.8231
G84.6711
-
5.648
NET CHANGE IN FUND BALANCE
147,768 24.205
104,619 -
3.000,867 172
5.08.960
FUND BALANCE- BEGINNING OF YEAR
499.987 B43
255.653
2206
11,814.197
RIND BALANCE -END OF YEAR
3 649,955 $ am
# 360.272 5
$ 3.001867 $ 2.378
$ 17.103.177
(Concluded)
OSI
Page 5
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
AMBULANCE SERVICE FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 1,330,065 $
1.385,896 $
1.385,896 $
-
Resources (Inflows):
CHARGES FOR SERVICES
1,953.521
1,953521
2,298.032
344,511
INTERGOVERNMENTAL
-
738.851
735,595
(3,256)
MISCELLANEOUS
-
-
346
346
INVESTMENT INCOME
9.278
9.278
64.168
54.890
Total Resources (Inflows)
L962.799
2.701,650
3.098,141
396,491
Amount available for appropriation
3.292.864
4,087S46
4,484,037
396.491
Charges to Appropriations (Oufllows)
PubBC Safety
3.041,815
3.785,666
2.878,146 907,520
Total Charges to Appropriations
3,041,815
3,785,666
2.878,146 907,520
Ending Budgetary Fund Balance
$ 251.049
$ 301,880 $
1,605,891 $ 1,304,011
(Continued)
OSI Page 6
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
EMERGENCY-911 FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Rnal
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 559,442 $
890,585
$ 890,585
$ -
Resources (Inflows):
CHARGES FOR SERVICES
315,447
-
-
-
INTERGOVERNMENTAL
-
315.447
433798
118,351
INVESTMENT INCOME
7,032
7,032
42.992
35,960
OTHER FINANCING SOURCES
Transfers from other funds
1,200,000
1200,000
1,200,000
Total Resources (Inflows)
1.522,479
1,522,479
1,676,790
154,311
Amount available for appropriation
2.081,921
2,413,064
2,567,375
154,311
Charges to Appropriations (Outflows):
Public Safety
1,774.522
1.788.373
1,401,603
386.770
Total Charges to Appropriations
1,714.522
1,788.373
1,401.603
386,770
Ending Budgetary Fund Balance
E 3677,399 $
624,691
$ 1,165.772
$ 541.081
(Continued)
OSI Page 7
BUDGETARY COMPARISON SCHEDULE --OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
CEMETERY CARE FUND
Budgetary
Variance With
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Odainal
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 10.308
$ 12,400
$ 12.400
$ -
Resources (Inflows):
CHARGES FOR SERVICES
1,050
1,050
1,362
312
INVESTMENT INCOME
97
97
526
429
Total Resources (Inflows)
1,147
1,147
11888
741
Amount available For appropriation
11A55
13,547
14,288
741
Charges to Appropriations (OuHlows):
Public Works
11850
11850
-
1,850
Total Charges to Appropriations
1,850
11850
1.850
Ending Budgetary Fund Balance
$ 9.605
$ 11.697
$ 14,289
$ 2,591
[Continued)
OSI Page 8
BUDGETARY COMPARISON SCHEDULE •• OTHER GOVERNMENTAL FUNDS
CRY OF OWASSO, OKIAHOMA
Forthe fiscal year ended June 30, 2024
EMERGENCY SIREN FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 44.525 $
1,081,537 $
1,081,537 $
-
Resources (Inflows):
CHARGES FOR SERVICES
1,434
1,434
5,112
3,678
INVESTMENT INCOME
200
200
28,341
28,741
Total Resources (inflows)
1,634
1,634
33,453
31.819
Amount available for appropriation
46,159
1,083,171
1.114,9190
31,819
Charges to Appropriations (OuRlows)
Pubic Safety 10,000. 1,030,000 931.065 98.935
Total Charges to Appropriations 10.000 1,030,000 931,065 98,935
Ending Budgetary Fund Balance $ 36,159 $ 53,171 $ 183,925 $ 130,754
(Continued)
OSI Page 9
BUDGETARY COMPARISON SCHEDULE --
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
JUVENILE COURT FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Posifive
Original Flnol
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 11.356 $
15,631 $
15.831
$ -
Resources (Inflows):
INVESTMENT INCOME
100
100
165
65
Total Resources (Inflows)
100
too
165
65
Amount ovallable for appropriation
IIA56
15,931
15,996
65
Charges to Appropriations (OuRlows):
General Government
11.456
75.562
15,562
Total Charges to Appropriations
11,456
15.562
15,562
Ending Budgetary Fund Balance
$ $
369 $
434
$ 65
(Continued)
OSI Page 10
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY Of OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
HOTEL TAX FUND
Beginning Budgetary Fund Balance
Resources (Inflows):
HOTEL TAX
MISCELLANEOUS
INVESTMENT INCOME
Total Resources (Inflows)
Amount available for appropriation
Charges to Appropriations (Outflows):
ECONOMIC DEVELOPMENT
STRONG NEIGHBORHOOD INITIATIVE
Total Charges to Approprinflons
Ending Budgetary Fund Balance
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts Actual
Positive
Original Final Amounts
(NegaHve)
$ 2,335.328 $ 2.407,505 $ 2,407,505 $
610,731 610,931 668.620 57,669
2.000 2,ODD - )2;000)
17,178 17,178 104.796 87,618
630,109 630.109 773.416 143,307
2-965,437 3,037,614 3.180,921 143,307
98,000 98,000 97,980 20
238,074 252,774 226,833 25,941
336,074 350,774 324,813 25,961
E 2,629363 $ 1686.840 $ 2.856,106 $ 169,268
(Continued)
051 Page 11
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
Far the fiscal year ended June 30, 2024
STORMWATER MANAGEMENT FUND
Budgetary
Variancewith
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 1.432,612 $
4,396,895 $
4.396.895 $
-
Resources (Inflows):
CHARGES FOR SERVICES
1,825.000
1.825.000
2,341,377
516,377
INVESTMENT INCOME
33.413
33,413
201,555
168,142
Total Resources (inflows)
1.858,413
1,858,413
2,542,932
694.519
Amount avaltable for appropriation
3,291,025
6,255.308
6.939.827
684,519
Charges to Apprapdaflons (OuffloWs)
Public Works
2,827.958
5.718.309
1.085,068 4.633,241
Total Charges to Appropriations
2.827.958
5,718,309
1,085.068 4.633.241
Ending Budgetary Fund Balance
$ 463,067
$ 536,999 $
5454.759 $ 5,317,760
(Continuedl
OSI Page 12
BUDGETARY COMPARISON SCHEDULE --OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKL4HOMA
For the fiscal year ended June 30,2024
FEDERAL GRANTS FUND
Budgetary
Varioncewith
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ - $
2,323,735
$ 2,323,735
$ -
Resources (Inflows):
INTERGOVERNMENTAL
3,458,450
3,458,450
2,417,450
(1,041.0001
Amount available far approprlaflan
3,458,450
5,782,185
4,741,185
(1,041,0001
Charges to Appropriations (Outflows):
Public Works
3,458,450
5,782,185
408.345
5.373,840
Total Charges to Appropriations
3,458,450
5.782.185
408,345
5,373,840
Ending Budgetary Fund Balance
$ - $
-
E 4,332,840
$ 4,332,840
(Confinuedl
051 Page 13
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
Far the fiscal year ended June 30, 2024
OPIOID SETTLEMENT FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 163.731
$ 164,881
$ 16AZBI
$ -
Resources (Inflows):
MISCELLANEOUS
576
576
451,477
450901
Amount available for appropriation
164,307
165,457
616,358
450,901
Charges fo AppropriaRons (OuRtows):
General Government
164,307
164.307
1 ",307
Total Charges to Appropriations
164,307
164.307
164,307
Ending Budgetary Fund Balance
$
$ 1,150
$ 616,358
$ 615,208
(Continuedi
OSI Page 14
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
AMBULANCE CAPITAL FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Odalnal Final
Amounts
(Negativel
Beginning Budgetary Fund Balance
$ 208,693 $ 484,706 $
484.706 $
-
Resources (Inflows):
CHARGES FOR SERVICES
348208 348.208
405,523
57,315
INVESTMENT INCOME
4,402 4,402
22319
17,917
Total Resources (inflows)
352.610
352.610
427.842
75.232
Amount ovaflable for appropriation
561,303
837,316
912,548
75,232
Charges to Appropriations (outflows):
Public Safety
158,188
419.242
278,095
141,147
Total Charges to Apprepriatians
156.188
419,242
278,095
141,147
Ending Budgetary Fund Balance
8 403.115 $
418.074
$ 634,453
$ 216,379
(Continued)
OSI Page 15
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CRY OF OWASSO, OKLAHOMA
For the Fiscal year ended June 30, 2024
TAX INCREMENTAL FINANCING FUND
Budgetary
Variance with
Basis
Rnal Budget
Budgeted Amounts
Actual
Positive
Odginal Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ - $
63,806 $
63,806 $
-
Resources (Inflows):
SALES TAX
193,700
193,700
183,985
(9,715)
AD VALOREM TAX
315,000
3151000
364,399
49,399
INVESTMENT INCOME
917
917
4,606
3.689
Total Resources (inflows)
507,617
509,617
552.990
43,373
Amount available for appropriation
509,617
573,423
616,796
43373
Charges to Appropriations (Outflows):
Other Uses
Transfers Out 509.617 509.617 509,617
Total Charges to Appropriations 509,617 509.617 509.617
Ending Budgetary Fund Balance $ - $ 63,806 $ 107,177 $ 43.373
(Continued)
OSI Page 16
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CRY OF OWASSO, OKLAHOMA
Forthe fiscal year ended June 30, 2024
PARK DEVELOPMENT FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 217,382
$ 255,652
$ 255.652
$ -
Resources (Inflows):
LICENSES & PERMITS
301000
30,000
112,101
82,101
INVESTMENT INCOME
1,949
1.949
12,51E
10.569
Total Resources (inflows)
31.949
31,949
124,619
92.670
Amounl avalloble for appropriation
249,331
287,601
380,271
9Z670
Charges to Appropriations (Outflows):
Capital Outlay
20.000
20.000
19,999
1
Total Charges to Appropriations
20.000
20,000
19.999
1
Ending Budgetary fund Balance
$ 229,331
$ 267,601
$ 360,972
$ 92,671
(Continued)
OSI Page 17
BUDGETARY COMPARISON SCHEDULE •- OTHER
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
CAPITAL PROJECTS GRANT FUND
Beglnning Budgetary Fund Balance
Resources (Inflows):
INTERGOVERNMENTAL
Amount available for appropriation
Charges to Appropriations (Outflows):
Capital Outlay
Total Charges to Appropriaflans
Ending Budgetary Fund Balance
Budgetary Variance with
Basis Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts INegafivel
159,895 319,790 284.671 (35,119)
159.895 319.790 284,671 (35,1191
159.895
319,790
284.671
35,119
159,895
319.790
264,671
35,119
lContinuedl
OSI Page 18
BUDGETARY COMPARISON SCHEDULE -• OTHER GOVERNMENTAL FUNDS
CRY OF OWASSO, OKLAHOMA
Forihe fiscal year ended June 30, 2024
TRANSPORTATION TAX FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original Final
Amounts
INegativel
Beginning Budgetary Fund Balance
$ - $ - $
- $
-
Resources (Inflows):
SALESTAX
- I1500,000
2,172,502
572,502
INVESTMENT INCOME
17,731
17,731
Total Resources (Inflows)
11500.000
2,190.233
690.233
Amount available for appropriation
11500.000
2,190,233
690,233
Charges to Appropriations (OuRlows):
Capital Outlay I,500.000 1.500J)DO
Total Charges to Appropriations 1,500,000 1.500,000
Ending Budgetary Fund Balance $ - $ - $ 2,190233 $ 2.190.233
(Conflnued)
OSI Page 19
BUDGETARY COMPARISON SCHEDULE -- OTHER GOVERNMENTAL FUNDS
CRY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
DEBT SERVICE FUND
Budgetary
Variance with
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Negative)
Beginning Budgetary Fund Balance
$ 1,859
$ 2,143
$ 2,143
$ -
Resources (Inflows):
AD VALOREM TAXES
100,000
1D0,015
135
199,880)
INTEREST
IS
88
88
Total Resources (Inflows)
100,015
100,015
223
(99.797J
Amount available for appropriation
101.874
102,158
2,366
199.7921
Charges to Appropriations (Oufllows):
Other Uses
Transfers Out
100,015
100.015
100,015
Total Charges to Appropriations
100,015
100,015
100.015
Ending Budgetary Fund Balance
$ 1,859
$ 2,143
$ 2,366
$ 223
(Concluded).
OSI Page 20
MAJOR
CAPIT
PROJECT
FUNDS
Major Capital Project Funds
Vision Recapture Tax Fund: Accounts for 55/100th's sales fax revenue. Funds are restricted to
capital expenditures for street projects approved by the Citizens of Owasso in January 2016.
Capital Improvement Fund:. Accounts for the funds remaining from the one -cent capital
improvements sales tax after payment of principal and interest on debt to fund capital projects.
The expenditure items in this budget are based on priorities and recommendations established by
the capital improvements committee and approved by the City Council.
OSI Page 21
BUDGETARY COMPARISON SCHEDULE -- MAJOR CAPITAL PROJECT FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
VISION RECAPTURE TAX FUND
Budgetary Variance Win
Basis Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts 1Neoativel
Beginning Budgetary Fund Balance $ 287,455 $ 19,318,973 $ 19,318,973 $
VISION RECAPTURE SALES TAX 4,165.212 4.165,212 3,985.208 1180,004)
INVESTMENT INCOME 30,647 30,647 573,352 542,705
MISCELLANEOUS 109.672 109,672
Total Resources (inflows)
4.195.859 4,195,859 4,668.232
472.373
Amount available for appropriation
4.483314 23,514,832 23,987,205
472.373
Charges to Appropdatfons (Outflows):
Capital Outlay
4,483314 23,514.032 16.268.987
7.245.845
Ending Budgetary Fund Balance
$ $ $ 7,718,218
$ 7,718.218
(Continued)
OSI Page 22
BUDGETARY COMPARISON SCHEDULE -- VISION RECAPTURE FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Reconciliation of the Vision Recapture Fund Balance Sheet to the Budgetary
Comparison Schedule - Vision Recapture Fund
Fund balance - vision recapture fund
Receivables not recognized for budgetary basis
Taxes Receivable
7,332,315
(3,940)
Plus payables not recognized as expense for GAAP 389,843
Fund balance - budgetary basis
$ 7,718,218
(Concluded)
OSI Page 23
BUDGETARY COMPARISON SCHEDULE -- MAJOR CAPITAL PROJECT FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
CAPITAL IMPROVEMENTS FUND
Budgetary
Variance oath
Basis
Final Budget
Budgeted Amounts
Actual
Positive
Original
Final
Amounts
(Neaative)
Beginning Budgetary Fund Balance
$ $
10.427,498
$ 10,427,498
$
Resources (Inflows):
CHARGES FOR SERVICES
-
-
73.044
73,044
INVESTMENT INCOME
114,173
114,173
408,,845
294,672
MISCELLANEOUS
-
-
9,625
9,625
OTHER FINANCING SOURCES
-
Transfers from other funds
16552.276
16.552.276
5,956,347
(10,595.9291
Total Resources Qnflows)
16,666,449
16.666,449
6.447.861
110.218.5BBI
Amount available for appropriation
16.666,449
27.093,947
16,875.359
110.218,5881
Charges to Appropriations (OuHlows):
Capital Outlay
16.340,000
27.093,947
6.675,425
20.418.522
Ending Budgetary Fund Balance
$ 326,449 $
$ 10,199,934
$ 10,199,934
(Continued)
OSI Page 24
BUDGETARY COMPARISON SCHEDULE -- CAPITAL IMPROVEMENTS FUND --Continued
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
Reconciliation of the Capital Improvements Fund Balance Sheet to the Budgetary
Comparison Schedule - Capital Improvements Fund
Fund balance -capital improvements fund $ 10,787,905
Less receipts not recognized as revenue for budgetary basis (587,971)
Fund balance -budgetary basis $ 10,199,934
(Concluded(
OSI Page 25
INTERNAL
SERVICE
FUNDS
Internal Service Funds
• Vehicle Maintenance Fund - Accounts for the financing of goods and services provided
by one department to other departments of the City. The vehicle maintenance
department bills for vehicle parts and services used by other departments.
• Workers' Comp Self -Insurance - Accounts for the funds reserved for the payment of
expenses and administration for workers' compensation benefits for all City employees.
Expenditures from this fund are approved by the City Council but, by ordinance, are not
subject to limitations on spending amounts as are other City purchases.
General Liability Self-insurance - Accounts for the funds reserved for payments of
expenses of property claims and for collision repairs to city vehicles. The City carries only
liability insurance on City vehicles.
• Healthcare Services Self -Insurance - Accounts for the funds reserved for the payment of
expenses and administration for healthcare benefits for all City employees. Plan is
administered by a third -party administrator.
OSI Page 26
COMBINING BALANCE SHEET
INTERNAL SERVICE FUNDS
CITY OF OWASSO, OKLAHOMA
June 30, 2024
ASSETS
CURRENTASSETS
Cash and cash equivalents
Investments
Other receivables
Due from othergovernmenis
Repaid items
TOTAL CURRENT ASSETS
NONCURRENT ASSETS
Other depreciable capital assets, net
TOTAL ASSETS
DEFERRED OUTFLOWS OF RESOURCES
Deferred outfows-OPEB
Deferred outflows - pension
TOTAL DEFERRED OUTFLOWS OF RESOURCES
LIABILITIES AND NET POSITION
CURRENT LIABILITIES
Accounts payable
Accrued payroll liabilities
Unearned revenue
Current portion of noncurrent liabilities:
SBITA obligation
Total OPEB IlabiBy,
Incurred but not reported claims
Accrued compensated absences
TOTAL CURRENT LIABILITIES
NONCURRENT LIABILITIES
Net pension liability
Total OPEB liability
Incurred but not reported claims
Accrued compensated absences
TOTAL NONCURRENT LIABILITIES
TOTAL LIABILRIES
INTERNAL SERVICE FUNDS
Vehicle
Workers' General
Healthcare
Internal
Maintenance
Comp Liability
Services
Service Funds
Fund
Fund FVrsd
Fund
Tatals
$ 178,18T $ 1,129.607 $ 302,651 $ 1.697,905 $ 3.308,344
156,734 993,644 266.223 1,493,540 2,910.141
- - - 10,055 10,055
6,788 - - 6,788
39,541 39.541
334.915 2.130.039 568.874 3.241.041 6,274.869
186.176 186,176
521,091 2T30.039 568.874 3,241,041 6.461,045
2104 - - - 2,104
87,632 3.169 90,801
89.7336 31169 92.905
41.602 23.290
4,878 146,811
216.581
15,198 -
- -
15,198
- -
- 12,879
12879
5.024 -
- -
5.024
933 -
- -
933
- 222,750
- 288,904
511,854
6121 -
-
6.121
68,878 246,240
4,878 448,594
768.590
77,473
5,431
- -
82904
24,439
-
- -
24,439
-
232050
- 300,696
532.746
6302
6,902
108,814
237,481
300,696
646.991
177.692
483.721
4.878 749,290
1,415,58)
DEFERRED INFLOWS OF RESOURCES
Deferred inflows -OPEB 6.985 - - - 6,985
Deferred inflows - pension 16.215 (3601 - 15,855
TOTAL DEFERRED INFLOWS OF RESOURCES 21200 (3601 22,840
NET POSITION
Net Investment In capital assets 181,152 - - - 181.152
Unrestricted 228.783 1.649.847 563.996 249T,751 4,934,377
TOTAL NET POSITION $ 409,935 $ 1,449,847 $ 563.976 $ 2491,751 $ 5,115.529
OSI Page 27
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
INTERNAL SERVICE FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
INTERNAL SERVICE RINDS
Vehicle
Workers'
General
Healthcare
Internal
Maintenance
Comp
Liability
Services
Service Funds
Fund
Fund
Fund
Fund
Totals
OPERATING REVENUES
Charges for servIces:
Internal service charges for services
$ 963,732
$ 664,489
$ 400,000
$ 7,582,184
$ 9,610.405
Other
2.105
45,707
63,789
44,840
156,441
TOTAL OPERATING REVENUES
965.837
710,196
463,789
7,627.024
9,766.846
OPERATING EXPENSES
Administration
-
301.593
320,883
1,425.599
2,048,075
Claims expense
-
227.156
177,913
6,666,100
7,071,169
Vehicle maintenance
852,648
-
-
-
852.648
Depredation and amortization
40,913
-
-
40,913
TOTAL OPERATING EXPENSES
893.561
528,749
498.796
8,091,699
10,012805
OPERATING INCOME (LOSS)
72,276
181,447
135,0071
(464,6751
(245,9591
NONOPERATING REVENUES (EXPENSES(
Investment income
9,200
78.057
27,720
120.6D9
235.586
Interest expense
13511
-
(3511
TOTAL NONOPERATING REVENUES(EXPENSES)
8.849
78,057
27,72)
120.609
235,235
Net Income (loss) before contributions and transfers
81,125
259,504
(7,287)
(344,066)
(10,724(
Capital coninbu8ons
15,075
15075
CHANGE IN NET POSITION
96.200
257,504
(7,2871
(344,0661
4,351
NET POSITION - BEGINNING
313,735
1.390.343
571,283
2.835,917
5.111,178
NET POSITION - ENDING
$ 409,935
$ 1,649,847
$ 563,996
$ 2,491,751
$ 5,115,529
OSI Page 28
COMBINING STATEMENT OF CASH FLOWS --INTERNAL SERVICE FUNDS
CITY OF OWASSO. OKLAHOMA
Far the peal year ended Fan. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts Bom customers
Payments to suppilers
Payments to employees
Ofhesrecelpts
NET CASH FROM
OPERATING ACTIVITIES
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Acquisition and conshucllon of capital assets
Payments on SBITA obligation
NET CASH FROM
CAPITAL AND RELATED FINANCING ACTIVITIES
CASH FLOWS FROM INVESTING ACTWITIES
Purchase of Investments
Investment Income received
NET CASH FROM
INVESTING ACTIVITIES
NET INCREASE [DECREASE)
IN CASH AND CASH EQUIVALENTS
BALANCES -BEGINNING OF YEAR
BALANCES -END OF YEAR
Vehicle
Workers'
General
Healthcare
Inlemal
Maintenance
Comp
Liability
Services
Service Funds
Fund
Fund
Fund
Fund
Tolab
$. 963,932
$ 664,489
$ 400.000
$ 9,593,189
$ 9,601410
(298,556)
(399A24)
(510,332)
(9,898.100)
(9,106,1121
(545,4251
(91,106)
-
-
(06.531)
2,105
38.919
63.789
44.840
149.653
121.856 213.178 (46.5431 (280,0911 8.420
123.966) - - - 123,966)
p.6301 19.6301
T31.5961 - - 131,5961
157,922) (224,038) (19,339) (85,869) 1387.068)
9.200 98.059 29.920 1201609 235,586
(48,6221 1145.9811 8.381 34,740 1151.4821
41,638 69,199 138,1621 [245,331) I174.658)
136,543 1.062.410 340,813 1,943,236 3.4B3.002
$ 178.181 S 1,129,609 $ 302.651 $ 1,697,905 $ 3.308.344
[Contlnuedl
OSI Page 29
COMBINING STATEMENT OF CASH FLOWS --INTERNAL SERVICE FUNDS - Continued
CRY OF OWASSO. OKLAHOMA
For the fiscal year ended Jun. M. 2024
INTERNALSERVICEFIINDS
Vehicle
Workers
General
Healthcare
Internal
Maintenance
Comp
Llabilty
SeMces
S.M. Funds
Fund
Fund
Fund
Fund
Total;
RECONCILIATION OF OPERATING INCOME
(LOSS( TO NET CASH FROM
OPERATING ACTIVITIES
Operating income flassl
$ 72.276
$ 181,447
$ (35.1)07)
$ (464,675)
$ 1245,959)
Adjustments to reconcile operating Income (loss)
to net cash Rom operating activities:
Depreciation and amortization expense
40,913
-
-
-
40913
Change In assets, deteaed outflows of resources,
loblllles, and defer ed mill of resources:
Olherreceivables
-
-
-
jil
(8995)
Prepaid items
-
-
-
11,541)
11,541(
Due from other governments
-
16,788(
-
-
16,788)
Accounts payable
(3,03)
12608
(11.536)
Ill
80;251
Accrued payroll labiElies
2506
18.179)
-
-
15.673)
Unearned revenue
-
-
-
7.178
7.178
Pension
8,942
90
-
-
91032
OPEB
1.110
-
-
-
1.110
Incuved but not reported claims
34.000
-
105,200
139,200
Accrued compensated absences
I3081
-
13081
NET CASH FROM
OPERATING ACTIVITIES
$ 121.856
$ 213.1M
$ 146,5431
$ 1280,0711
$ 8,420
NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES:
Conlsibuted capital assets
$ 15,075
3
$
$
E
OSI Page 30
BUDGETARY COMPARISON SCHEDULE -- INTERNAL SERVICE FUNDS
CRY OF OWASSO, OKLAHOMA
For the Rscal year ended June 30, 2024
VEHICLE MAINTENANCE FUND
Budgetary
Variance with
Basis
Hnal Budget
Budgeted Amounts
Actual
Positive
Original Final
Amounts
(Negative]
Beginning Budgetary Fund Balance
$ 64,162 $
177,577 $
177.577
$ -
Resources (Inflows):
CHARGES FOR SERVICES
862839
862.839
963,731
100,892
INVESTMENT INCOME
11219
1,219
9,200
7,981
MISCELLANEOUS INCOME
410
410
Total Resources (Inflows)
864.058
864,058
973,341
109,283
Amount available for appropriation
92B,220
1.041,635
11150.918
109,283
Charges to Approprlaflons (OuUlows):
Vehicle Maintenance 897.812 897,812 872,804 25.008
Ending Budgetary Fund Balance $ 30,408 $ 143,823 $ 278,114 $ 134,291
(Continued]
OSI Page 31
BUDGETARY COMPARISON SCHEDULE -- INTERNAL SERVICE FUNDS
CITY OF OWASSO, OKLAHOMA
For the fiscal year ended June 30, 2024
SELF INSURANCE FUNDS
Beginning Budgetary Fund Balance
Resources (Inflows)
CHARGES FOR SERVICES
INVESTMENT INCOME
MISCELLANEOUS INCOME
OTHER FINANCING SOURCES
Transfers from other funds
Total Resources (Inflows)
Amount available for appropriation
Budgetary Variance with
Basis Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
$ 5,338.630 $ 5,703.202 $ 5.703,202 $ -
8,766,800 8,766,800 8,645,651 (121,149)
46,785 46,785 226,387 179,602
15,000 55,660 138,837 83,177
I DD,015
1001015
1100,015)
8,928,600
8,969,260
9,010,875
41,615
14267,230
14,67Z462
14,714,077
41,615
Charges to Appropriations (OuRlows):
Self Insurance 8.528.665 9.104,325 8,981,495 122,830
Ending Budgetary Fund Balance $ 5;73&565 $ 5.568,137 $ 5,732,582 $ 164,445
(Concluded)
OSI Page 32
STATISTICAL
SECTION -
UNAUDITED
CITY OF OWASSO, OKLAHOMA
STATISTICAL SECTION
This part of the City's Annual Financial Report presents detailed information as a context
for understanding what the information in the financial statements, note disclosures, and
required supplementary information says about the City's overall financial health. In
contrast to the financial section, the statistical section information is not subject to
independent audit.
Financial Trends
These schedules contain trend information to help the reader understand how the
government's financial performance and well-being have changed over time.
Revenue Capacity
These schedules contain information to help the reader assess all revenue sources and
the government's most significant local revenue source, sales tax.
Debt Capacity
This schedule includes information to help the reader assess the affordability of the
government's current levels of outstanding debt and the government's ability to issue
additional debt in the future.
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader
understand the environment within which the City's financial activities take place.
Operating Information
This schedule contains service and infrastructure data to help the reader understand
how the information in the government's financial report relates to the services the
government provides and the activities it performs.
S -STATISTICAL SECTION DEFINITIONS Page 1
CITY OF OWASSO, OKLAHOMA
NET POSITION BY COMPONENT
(LAST TEN YEARS)
(accrual basis of accounting)
(amounts expressed In thousands)
2015'
2016 011" 2074 am 2020 =21 20" 2om
2024
Governmental activi0es
Net investment In capital assets
$ 93,777
§ 104.330 $ 111.988 $ 10,471 $ 148,938 $ 162,940 $ 169.642 $ 169.81) § I81141
$ m1m
Restricted
8,464
10.690 1510m 16,434 22866 22.256 25.583 39,907 45,168
32.389
Unrestricted
f8,7M
15.5331 16.071 14,13 23 2,233 5.239 11,808 17,692
=46
Net Posillon
$ 93.541
3 109.487 120,431 $ 140.076 $ 171,827 $ 187.429 3 200.464 $ 221,606 $ 243,01
$ 258,018
Unrestricted as a Percent of Revenues
-28.5%
-12.7% -15.] 4.2% 0.0% 4.2% 9.6% 18.8% 26.7%
33.6%
swine.+ -type aa8vities
Net investment in cooled assets
$ 41,943
$ 44,329 $ 46,728 $ 40,053 $ 25,672 $ m.943 $ 52,758 $ m.640 $ 54,524
$ 60,SB5
ResMcted
2.318
2.093 1,565 I.Ma 897 1.097 1.367 1,715 1.791
527M
Unrestricted
(1,2401
11,9921 129041 I1,0371 1,311 123.3281 (19,6381 I14.2901 I9.8731
156.m
Net Position
$ 43:021
44,430 $ 45,389 $ 40.324 $ 27.882 $ 28.712 $ 34507 $ 41,065 46,442
$ 57,240
Unrestricted as a Percent of Revenues
-7.8%
-11.8% -T7.M -9.6% 41.3%-127.7% -87.6% -50.6% 41.8%
-186.7%
Primary Go rrunnu nl
Net investment in capital assess $ 135,720 $ 148,659 $ 158.716 $ 160.524 $ 174,610 $ 187,486 $ 195,794
$ 198.556 $ 210,256 $ 243,276
Restricted 10.782 12783 16.615 17.742 0,765 23,353 26,970
CAM 46.958 8511D
Unrestricted 19,9401 f7.5251 19.5111 K&61 1334 5.302 12.207
22.494 32.22E f13.1441
Net Position 136,562 153.917 $ 165AX $ 180A00 $ 199,709 $ 216,141 $ X,1.971
$ 262.672 289.442 315,259
Unrestricted as a Percent of Revenues -21.4% -124% -16.1 % -92% 2.0% 7M 15.9%
25.9% 35.9% -137%
So.: ReapzMve Most years' Fnancal Lalemenb-Stalassenl of Net Pa+6Yon
Me level of total unrestricted net Paulsen Is an Indication of the amount of unexpended and ovuhable resources The CRy has 0 a palnl In Mae to fond
eme9enclet+hoMWU, or other unexpected needs.
'lmplemenlalioa of GASR 68, Accounting and Financial RePPMng forhndrnt nnuMe l In the racerdlnp of a $T2.9 assi net Pension gab2ly In the Governmental aoiiNlies
statements M PY 2015. Prier years hove not been restated.
"onplemenMtien or GASS 75, AecounilnD and Financial Reporing For P-Mospl0yereat 9ene811 resulted In a 2017 poor period adluslment Increasing the net OPD labRity
by$0.5 miRlOn In Me Gaeemmenial activMes, and by 50.1 trustee In in. eudneer-yPe acllWlie+. Years so-N HE 2017 not redaied.
S - FINANCIAL TRENDS Page 2
CITY OF OWASSO, OKLAHOMA
CHANGES IN NET POSITION
(LAST TEN YEARS)
(accrual basis of accounting)
(amounts expressed in thousands)
Expenses
Governmental Activities:
General government
Public safety
Community development
Receafon and culture
Economic development
Public works
Total governmental actMfies expenses
Business -type activities:
water
Wastewater
Sanitation
Recycle center
Economic development
Golf course,
Total business -tires, activities expenses
Total primary government expenses
Program Revenue
Governmental activities:
Charges for services
General government
Publlcsafety,
Community development •"
Recreation and culture
Economic development
Public works "
Operating grants and contributions
Capital grants and contributions
Total governmental acfivirm program revenues
BusinesOype activiti.:
Charges forservices
Water
Wastewater
Sanitaton
Recycle center
Golf course
Capital grants and contributions
Total business -type activities pogrom revenues
Total primary government program revenues
Net (expense) revenue:
Governmental activities
Business -type activities
Total pdmory government net (expenses) revenue
General Revenues and Other Changes In Net Position
Government.[ activities
Taxes
Sales tax
Use tax
Franchise and public service taxes
Cigarette/ tobacco tax"
Hotel taxes
Alcoholic beverage fax •'
E-911 taxes"
Intergovernmental"
Investment income
Miscellaneous"
Tromfers-interact acllvlty,
Total governmental activifles
Bu lness-type activities.
Investment Income
Transfers -internal activity
Total business_type actlAties
Total primary government
Chang. in Net P.sMon
Governmental acilvlties
Business -type activities
Total primary government
2015 2076
$ 5,128 $ 4,192
13,901 15A92
1,129 1,250
328 324
5,6B] 6,292
26,167 27,550
341Z S41d 141P
$ 4.636 $
4.726 $
4,415
17,430
19;473
17,527
858
818
744
1.494
11560
1.617
367
426
456
6.329
5.795
7,199
31.114
32798
31,958
6.382 7.470 7,370 7.403 6,909
4,954 5.088 5,247 5.174 5,338
1.541 I,588 1.697 105 1,790
167 115 200 190 182
1,143
1,283
1,447
1,453
1,399
14.187
15.5"
15.961
ISM
15.618
$ 40.354
$ 43,094
$ 47.075
$ 46,713
$ 47.576
$ 627
$ 655
$ 514
$ 946
$ 678
2,667
2,885
3,208
2,816
3.058
-
19
47
50
55
106
112
136
139
94
10
11
IB
18
19
795
870
1,092
1.233
1.433
1.753
3A46
509
2884
2,947
1,042
6,889
4,741
2.337
2.308
7,000
14,887
10,265
10,423
10,592
5,222
5,763
6.260
6,591
6,427
3,750
4,002
4,323
4.578
4.776
1,823
11910
Z003
2,127
2.281
29
23
39
36
19
726
697
740
761
733
526
1,101
1,346
427
804
12,076
13,496
14,711
14.520
15,040
$ 19.076
$ 282M
$ 24,976
3 24,943
$ 25,632
$ (19.167) $ (12663) $ (20,849) $ (22,3751 $ (21,366)
12.1111 120481 11.2501 11,3951 (5781
$ (21,2781 $ 114,711V $ 122,0991 3 (0,7701 $ 121,9441
$ 23,841
S 28,421
$ 30,249
$ 33,752
$ 34,973
968
1,128
1.246
1,650
2423
1,389
1,202
1.176
11193
11198
276
n/a
n/o
W.
n/a
412
402
382
409
472
57
n/a
n/a
n/a
n/a
210
n/a
n/a
h/a
No
n/a
601
669
722
666
30
30
35
161
540
99
259
200
269
662
13,7771
13,4341
12I64)
3,864
12,183
23,M5
28,609
31,793
42020
53,117
22
22
45
194
319
3,777
3A34
2,164
f3.8641
1121831
3.799
3.456
2,209
13.6701
111.8641
$ 27,304
$ 32,065
$ 34,002
$ 38.350
$ 41,253
$ 4,338
$ 15.946
$ 10,944
$ 19,645
$ 31,751
1,698
1,408
959
(510651
112.4421
$ 6.026 $ 17.354 $ 1 L903 $ 14,580 $ 19.309
(Continued)
Source: Respective Fiscal Yeari Finonclal Statements -statement of AcflvNies
"Certain balances Item the statements were combined for comparative purposes
"Prior to 2016 combined with General Government
S - FINANCIAL TRENDS Page 3
CITY OF OWASSO, OKLAHOMA
CHANGES IN NET POSITION - continued
(LAST TEN YEARS)
(accrual basis of accounting)
(amounts expressed in thousands)
Expenses
Governmental Aclivilies:
General government
Public safety
Communitydevelopmenl ••.
Recreation and cullure
Economic development
Publicworls
Total governmental activities expenses
Business -type activities:
Water
Wastewater
Sanitation
Recycle center
Economic development
Goti course
Total business -type aclMlies expenses
Total primary government expenses
Program Revenue
Governmental activities:
Charges for services
General government
Publicsafety
Community development "•
Recreation and culture
Economic development
Public worio
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
Business -type activities:
Charges far services
Water
Wasfewafer
Sanitation
Recycle center
Golf course
Capital grants and contributions
Total business -type activities program revenues
Total primary government program revenues
Net (expense) revenue:
Governmental activities
Business -type activities
Total primary government net (expenses) revenue
General Revenues and Other Changes In Net Position
Governmental activities
Taxes
Sales fax
Use tax
Franchise and public semice taxes
Cigarelte/tobacco Ia.'•
Hotel taxes
Alcoholic beverage I=••
E-911 lazes"
Intergovernmental ••
Investment Income
Miscellaneous"
Transfers -internal activity
Total governmental acfMties
Business -type activities
Investment Income
Transfem4ntemal activity
Total business-typeacfivilies
Total primary government
Changes In Net Position
Governmental activities
Business -type activities
Total primary government
2920
2021
293
2M 2w
$ 4,785 $
4.834 $
9.006 $
6,446 $ 7,781
2Z805
24,915
21,840
26,011 29.336
752
842
842
903 780
1.802
1,901
1.965
Z198 2,475
476
471
449
461 451
7,645
8.482
8.105
8,738 10296
38.345
41.445
42.207
44.757 51,137
7.909
7.106
7.082
7.370
7,365
5.533
5,416
5.646
5,869
6A61
1,935
1.921
11889
Z127
Z489
233
293
256
358
406
308
359
473
403
344
1.517
1,527
1,684
Z109
2.177
17.438
16.622
17,030
18.256
19.242
$ 55.783
$ 59.067
$ 59.237
3 0.013
$ 70,381
$ 603 $
593 $
596 $
788 $
794
Z903
2,561
Z655
Z712
3.061
30
330
451
301
348
93
103
127
97
155
16
14
12
12
13
1,620
1,892
1,835
1,982
2.174
3,587
6.196
6,700
6.696
5,738
2,915
799
Z965
528
3225
11,775
122488
15,341
13,116
15.508
6.782
7.888
8,062
8.358
7,060
4,946
5,775
SAW
6.289
6.739
Z356
Z577
2.558
Z667
2.797
17
33
69
62
39
837
801
968
1,247
1,064
2.107
405
1,231
1,094
1.788
17.045
17.479
18.698
19,717
21,487
$ 28.820 $ 2 367
$ 34.039 $ 32.M 3 36,995
$ 126,5701 11 (28,957) $ (26,865) $ (31,6411 $ (35.632)
(3931 857 1.667 1.461 2245
$ (26,9631 $ 12d10D1 3 (25,1981 $ (30,1801 3 133,3871
36,600
$ 39,587 $
43.553 $
45.781
$ 45,586
3,175
4,239
4,581
5.280
5,545
1,179
1.110
1.285
1,506
1.284
n/a
n/a
n/o
n/a
n/a
430
467
636
667
661
n/a
n/a
n/a
n7o
n/o
n/a
n/o
n/a
n/a
n/a
723
772
870
752
951
468
174
35
1,799
Z814
467
547
1,894
664
1.456
(8701
[4,7031
K8471
13,4131
17.6491
4Z172
41.993
48,007
53,036
50.650
353 34 44 502 905
870 4.903 4,847 3,413 7,649
1.223 4.937 4,891 3.915 8.554
$ 43.395 3 46.930 $ 52.898 $ 56.951 3 59204
4 15.6m $ 13,W6 $ 21.142 $ 21.394 $ 15.018
830 5,794 6.558 5,376 10,799
3 16.432 $ 18,830 $ 27.700 $ 26,770 $ 25,817
Source: Respective Fbcaf Years' Flnanctal Sfatemenfs - Sfatemenf of Activifles
Cedaln bolanees horn the statements were cambined for comparaltve purposes
"'Prior to 2016 combined with General Government
S - FINANCIAL TRENDS Page 4
CITY OF OWASSO, OKLAHOMA
CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS
(LAST TEN YEARS)
(modified accrual basis of accounting)
(amounts expressed in thousands)
2015
2016
2017
2018
2019
Revenues
Taxes
$ 26,046 $
31,154 $
33,052
$ 37,005
$ 39,147
Intergovernmental
1,886
2,023
4,307
5,097
5,816
Charges for services
3,140
3,126
3,251
3,948
4,022
Fines and forfeitures
717
773
603
461
335
Licenses and permits
323
474
271
281
216
Investment income
20
21
25
145
479
Miscellaneous
105
259
232
773
847
Total Governmental Revenue
32,237
37,830
41,741
47,710
5Q862
Expenditures
Current:
General government
4,805
3,933
4,027
4,150
3,761
Public safety
12,546
13,978
16,392
18,312
18,635
Community development
-
701
825
795
724
Recreation and culture
764
839
1,052
11103
11091
Economic development
328
325
357
420
451
Public works"
11698
1,904
2,397
1,470
2,749
Capital outlay
4,267
9,803
9.759
22.121
27,091
Total Governmental Expenditures
24,408
31.463
34,809
48,371
54,502
Excess (deficiency( of revenues
over expenditures
7,829
6,347
6,932
(661)
(3,6401
Other Financing Sources (Uses)
Leases (as lessee) - - - - -
SBITA - - - - -
Transfers in 20,056 22,882 25,177 30,792 40,132
Transfers out (23.8331 [26,3161 (27,3401 (26,9551 (27,9491
Total Other Financing Sources (Uses) (3,7771 (3,434) (2,1631 3,837 12.183
Net Change in Fund Balances
4,052
2,913
4,769
3,176
8,543
Fund Balance - Beginning of Year
11,479
15,531
18,444
23213
26,389
Fund Balance - End of Year
$ 15,531
$ 18,444
$ 23,213
$ 26,389
$ 34,932
Debt Service as a percentage of
noncapital expenditures 0.00% 0.00 0.00% 0..00% am
(Continued)
Source: Respective Fiscal Years' Financlal Statements -
Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds
Prior to 2016 combined with General Government
"Certain balances from the statements were combined for comparative purposes
S - FINANCIAL TRENDS Page 5
CITY OF OWASSO, OKLAHOMA
CHANGES IN FUND BALANCE OF GOVERNMENTAL FUNDS - continued
(LAST TEN YEARS)
(modified accrual basis of accounting)
(amounts expressed in thousands)
2020
2021
2022
2023
2024
Revenues
Taxes
$ 41,724 $
45,685 $
50,427 $
53,579 $
53,471
Intergovernmental
4A36
7,142
7.176
7,535
6,317
Charges for services
4,170
4,672
5,207
4,948
5,987
Fines and forfeitures
298
234
201
418
420
Licenses and permits
286
440
529
400
457
Investment income
431
154
15
1.658
2,578
Miscellaneous
209
291
1,670
360
796
Total Governmental Revenue
51,554
58,618
65,225
68,898
70,026
Expenditures
Current:
General government
4,121
4.159
4,674
4,851
5,366
Public safety
19,934
20,825
22,142
23,666
27,021
Community development
713
824
879
909
955
Recreation and culture
1,269
1,305
1,493
1,557
1,725
Economic development
455
468
484
461
483
Public works"
Z935
3,525
3,309
3,637
4,659
Capital outlay
18,923
15,167
10,063
20,680
29,329
Total Governmental Expenditures
48,350
46,273
43,044
55.761
69,538
Excess (deficiency) of revenues
over expenditures
3,204
12,345
22,181
13,137
488
Other Financing Sources (Uses)
Leases Jos lessee) - - 158 732 248
SBITA - - - 285 70
Transfers in 28,633 28,637 34,733 34,310 30,384
Transfers out f29,5031 (33,5401 (39,5801 (37,7241 f38,0331
Total Other Financing Sources (Uses) (8701 (4,9031 14,6891 f2,3971 (7,3311
Net Change in Fund Balances
2,334
7,442
17,492
10,740
(6,843)
Fund Balance- Beginning of Year
34,932
37,266
44,708
62,200
72,940
Fund Balance - End of Year
S 37,266
$ 44,708
$ 62,200
$ 72,940
$ 66,097
Debt Service as a percentage of
noncapital expenditures 0.00% P-M 0.00 om 11M
(Concluded)
Source: Respective Fiscal Years' Financial Statements -
Statement of Revenues, Expenditures, and Changes In Fund Balances - Governmental Funds
• Prior to 2016 combined with General Govemment
•' Certain balances from the statements were combined for comparative purposes
S - FINANCIAL TRENDS Page 6
CITY OF OWASSO, OKLAHOMA
FUND BALANCE OF GOVERNMENTAL FUNDS
(LAST TEN YEARS)
(modl0ed ...root basis of ....... ling)
(amounts expressed In thousands)
2015
2016
2017
2018
2019
2020
2021
2022
2a23
i -Q
General Fund
Nonspendable
S -
$ 1,542 $
911 $
1.074
$ 1,429 $
1,124 $
-
$ - i
4
E 178
Restricted for,
Pubtl.satety
9
10
-
-
-
71
34
53
43
59
Recreation and culture'.
-
-
-
-
-
-
-
-
0
-
Other
4
-
6/
45
72
8
12
71
-
83
Assigned
641
322
295
322
1:006
1,396
1,371
801
2,406
23W
Unassigned
J_390
3.89
4.406
6.351
6.344
8MB
14.074
14.757
19.150
21.905
T.lal General Fund Balance
5.044
5,731
5,676
6.792
81851
10.697
15.491
15,682
20.661
24,533
Other GOvernmenlal Funds
Nompendable
-
-
-
-
458
458
-
293
-
5
Restricted far.
General government
-
-
-
-
-
-
-
-
165
-
Publlcsafety
839
1,540
2090
I049
AIM
5,39
5.333
7.029
7.91
4512
Recreation and culture
W9
814
-
-
-
-
-
-
-
-
Economic development •
-
-
983
1,131
1.334
1,502
1,7W
2063
2482
2,923
Pudic works
-
-
1.744
1,844
2WB
1,874
1,665
279
3,009
3,W3
Capital pmleds
6,628
6,30
10,166
10,362
Kn6
11437
161829
27,922
M..836
21,146
Debt service
-
-
-
-
-
-
-
-
2
-
Olher
254
1.731
4
3
4
6
9
12
-
03
Committed:
Public safely
349
942
552
456
330
396
820
2178
2647
2,22A
Culture and recreation
-
02
-
-
-
-
-
-
-
-
Stormwatermanagemenl
11195
1.091
1.367
1,917
2488
3,160
2306
3,669
4,612
6,078
Copilot projects
613
631
IM
469
379
555
595
756
1,010
Total Other Govemmental Fonds
I0A87
12713
17.537
19.597
26,081
26,569
29,217
46.518
522W
41.564
Total Governmentel Fund Balance
$ 15.531
E 18.4d4 $ 23.213 $ 26.W9
$ 34.932 3 37,266 44]0
62,2➢0 72,941
$ 66.097
So..: Respe.Bve Fiscal Y..' Financial Statements -Balance Sheet G.vemmenfad Fund,
• Pdor to FY 2017. W, amount was re0eoled i.'Ochee'
•' Pd., to FY 2023, IN, amount was 1.1 led to "Other
S-FINANCIAL TRENDS
Page 7
CITY OF OWASSO, OKLAHOMA
DIRECT AND OVERLAPPING
SALES TAX RATES - AVERAGE
(LAST TEN YEARS)
• City of
Rogers
State of
Total - Tulsa
Total - Rogers
YEAR
Owasso Tulsa
County
County
Oklahoma
County
County
2024
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2023
4.050%
0.367%
1,833%
4.500%
8.917%
10.383%
2022
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2021
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2020
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2019
4.050%
0.367%
1.833%
4500%
8.917%
10.383%
2018
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2017•••
4.050%
0.367%
1.833%
4.500%
8.917%
10.383%
2016
3.500%
0.917%
1.833%
4.500%
8.917%
9.833%
2015••
3.500%
0.917%
1.833%
4.500%
8.917%
9.833%
Sources: Oklahoma Tax Commission
• The 1% processing/admin fee paid to the State of Oklahoma out of the City revenue
was reduced to 0.57. in July 2016
--Half-Penny Increase approved by voters began April 01, 2015
••. 55/100Y Vision Tax Recapture increase approved by voters began January 1, 2017
S-REVENUE CAPACITY Page 8
CITY OF OWASSO, OKLAHOMA
GOVERNMENTAL -ACTIVITIES
TAX REVENUES BY SOURCE
(LAST TEN YEARS
(accrval baits of accoun8ng)
(amounts expressed in thousands)
Franchise &
Public Service
Year
Soles Tax
Use Tax
Tax
Hotel Tax
Total
2024
$ 45,586
$ 5,545
$ 1,284
$ 661
53.076
2023
45.781
51280
1.506
667
53,234
2022
43,553
4,581
1.285
636
50:055
2027
39,586
4,239
1,110
467
45.402
2020
36,599
3.175
1.179
430
41,383
2019
34,973
2,423
11198
472
39.066
2018
33,752
11650
1,193
410
37,005
2017
30,249
1,245
1.176
382
33.052
2016
28,421
1,129
1,202
402
31,154
2015
23.841
968
1,237
412
26,458
5 - REVENUE CAPACITY Page 9
CITY OF OWASSO, OKLAHOMA
PRINCIPAL SALES TAX REMITTERS
CURRENT YEAR AND NINE YEARS AGO
June 30, 2024
' 2024
•' 2015
Percentage
Percentage
of Total
of Total
NAICS
Revenue
Revenue
CODE
Sales Tax RemBter
Amount Remitted
Revenue Base
Base
Amount Remitted
Revenue Base
Base
44-45
Retail Trade
$ 27,816.633
$ 311.950.578
67%
$ 16,945,733
$ 198,893,580
71%
72
Accommodation/Food Services
7,179,767
80,517,741
17%
3,623,108
42,524,742
I5%
22
Utilities
1,784,613
20,013,603
4%
955,645
11.216,491
4%
42
Wholesale. Trade
1,917,720
21.506,336
5%
693,804
8,143,239
3%
51
Information
608,475
6,823,764
1%
478,425
5,615.317
2%
All Other
2,381,945
26,712,403
6%
1.123,550
13,187,207
57
$ 41,689,153 $ 467.524.424 100,00% $ 23,820,265 $ 279,5B0.575 100,00%
Sources: Oklahoma Tax Commission
• Gross Amount Reported Pdorto Pmt of 0.5% Retention to OTC
•• Gloss Amount Reported Prior to Pmt of 17, Retention to OTC
S — REVENUE CAPACITY Page 10
CITY OF OWASSO, OKLAHOMA
PROGRAM REVENUE BY FUNCTION/PROGRAM
(LAST TEN YEARS)
(accrual basis of accounting)
(amounts expressed In thousands)
Program Revenue'
Governmental activities:
Charges forservlces
General government
Public safely
Community development'
Recreation and culture
Economic development
Public works "
Operating grants and contributions
Capital grants and contributions
Total governmental activities program revenues
Buslness-lype activities:
Charges for services
Water
Wastewater
Sanitation
Recycle center
Galt course
Operating grants and contributions
Capital grants and contributions
Total business -type activities program revenues
Total primary government program revenues
201-5. 2016 2= LLL 2019
$ 627
$ 655
$ 514
$ 946
$ 678
2,667
2,885
3,208
2,816
3,058
-
19
47
50
55
106
112
136
139
94
10
11
18
18
19
795
870
1,092
1,233
1,433
1,753
3,446
509
2,854
2.947
1.042
6,889
4.741
2,337
2,308
$ 7.000
$ 14.887
$ 10.265
$ 10,423
10,592
$ 5,222 $
5,763 $
6,260 $
6.591 $
6.427
3.750
4,002
4.323
4,578
4.776
1,823
11910
2,003
2.127
Z281
29
23
39
36
19
726
697
740
761
733
526 1.101 1,346 427 804
$ 12,076 $ 13.496 $ 14,711 $ 14.520 $ 15,040
79,076 28.383 24,976 24,943 25,632
(Continued)
Source: Respective Fiscal Years' Financial Statements - Statement a/Acftvlties
' Prior to 2016 combined with General Government
"Certain balances ham the statements were combined for comparative purposes
5—REVENUE CAPACITY Page 11
CITY OF OWASSO, OKLAHOMA
PROGRAM REVENUE BY FUNCTION/PROGRAM - continued
(LAST TEN YEARS)
(accrual basis of accounting)
(amounts expressed In thousands)
Program Revenue
Governmental activities:
Charges for services
General government
Publlcsofety
Community development
Recreation and culture
Economic development
Public works --
Operating grants and contributions
Capital grants and contributions
Total govemmenfal activities program revenues
Business -type activities:
Charges for services
Water
Wastewater
Sanitation
Recycle center
Golf course
Operating grants and contributions
Capital grants and contributions
Total buslness-type activities program revenues
Total primary government program revenues
2020 2021 2022 2023 2024
$ 603
$ 593
$ 596
$ 788
$ 794
2,904
2,561
2655
2.712
3,061
38
330
451
301
348
93
103
127
97
155
16
14
12
12
13
1,620
1.892
1,835
1,282
2.174
3.587
6,196
6.700
6.696
5,738
2,914
799
Z,965
528
3,225
$ 11.775
$ 1Z488
$ 15.341
$. 13,116
15 B
$ 6,782 $
7.888 $
8,062 $
8,358 $
9,060
4.946
5,775
5,810
6289
6.739
2,356
2-577
2.558
2,667
2,797
17
33
69
62
39
837
801
968
1.247
1,064
2,107 405 1,231 1,094 1,788
$ 17,045 $ 17,479 $ 18,698 $ 19.717 21.487
$ 28,820 29,967 34.039 32,833 36,975
IConcbded)
Source: Respective Fiscal Years' Financfat Statements - Statement of Acllvilies
• Prior to 2016 combined with General Government
••Certain balances from the statements were combined for comparative purposes
S-REVENUE CAPACITY Page 12
CITY OF OWASSO, OKLAHOMA
RATIO OF OUTSTANDING
DEBT TO REVENUE
LAST TEN YEARS
June 30. 2024
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S-DEBT CAPACITY Page 13
CITY OF OWASSO, OKLAHOMA
COMPUTATION OF LEGAL DEBT MARGIN
DEBT TO REVENUE
June 30, 2024
Net Jesessact Valuation (1)
Debt Limit(2)
Total net debloublect to limit lit
Total debt mui0ln
Total net debt appic.bl. to Itn Iimit no a percenlo,a of debt Amil
Sauru:
(I) Tuna County error 6 Rogan County Annenor- Net Amassed Valuallon
r4 Mlcla 10, SeeXan 24 OWubamu Can.XNXen - IM oTNat A .—ad Valuoflan
(3J Mlcla 10. SecBan 29. OWubama CamXWXan
"is M16 2019 milt 2019 2020 ml 2022 2023 2024
5 236=9 b 247,875 $ 261,285 $ 274.662 3 284.351 b W6.993 b 305.223 $ 323.969 j 3v,749 4 351.347
23,601 24.988 26.129 27,466 28.435 29.699 30.522 32.099 32,7)5 35,135
E 23.6)1 E 24.7118 $ 26.129 $ 27.466 $ 28.435 $ 29.09 $ 30.522 $ 32097 $ 32.925 $ 35.135
0% m 0% on 0% 0% 0%. 0% 0% 0%
S-DEBT CAPACITY Page 14
CITY OF OWASSO, OKLAHOMA
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
June 30, 2024
Estimated
Percentage
Applicable to
Net Debt City of Owasso
Governmental Unit Outstanding (1) (2)
Debt repaid with Property fazes
Counties:
Tulsa County $ 15,749,246
Rogers County -
Independent School District:
Owasso (V-I8) 63,890.000
City Direct Debt
Total Direct and overtopping debt
Source: Tulsa County 6 Rogers County Assessor's offices
Cunent year lnfonnafion not yet available
(1) Net general banded debt.
(2) Percentage based on net assessed value of property.
Estimated Share
Applicable to City
of Owasso
4.4% $ 694,825
3.7% -
694,825
100% 63.890,000
63.890,000
100% -
$ 64,584.825
S — DEBT CAPACITY Page 15
CITY OF OWASSO, OKLAHOMA
SCHEDULE OF DEBT SERVICE COVERAGE REQUIREMENTS
June 30, 2024
Gross Revenue Available for Debt Service:
Charges for services:
Water charges
Wastewater charges
Sanitation
Penalties
Recycle
Other
Golf course
Sales tax pledged and transferred
Total Gross Revenues Available
Operating Expenses:
Utility billing
Administration
Water
Wastewater treatment plant and collection
Refuse
Golf course operations
Total Operating Expenses
Net Revenues Available for Debt Service
Total Debt Service Requirements
Computed Coverage
Coverage Requirement
2009B,2009C,2011
2013 SRF OWRB and 2019C
OPWA Golf course Loan Issues
$ 8,034,272 $ - $
8,034,272
6,739,355 -
6,739,355
2,797,137 -
2,797,137
247,592 -
247,592
39,197 -
39,197
778,034 -
778,034
- 1,064,206
1,064,206
22,497,964 -
22,497,964
41,133,551 1,064,206
42,197,757
591,299 -
591,299
1,223,516 -
1,223,516
4,556,647 -
4,556,647
2,873,298 -
2,873,298
1,754,587 -
1,754,587
1,863,162
1,863,162
10,999,347 1,863,162
12,862,509
$ 30,134,204 $ (798,956) $ 29,335,248
$ 10,748,214
273%
125%
Note 1: The above gross revenue and operating expenses only include the activities of the Authorities related to water,
wastewater, refuse services, and golf course operations (golf excluded on OWRB note issue coverage - see
Note 3 below), excluding depreciation and bad debt expense.
Note 2: The coverage requirements on the OWRB notes are calculated using maximum annual debt service on these
notes and any subordinate debt.
Note 3: Golf course revenues of the Owasso Public Golf Authority have been included as "Gross Revenue Available" for
Debt Service in the 200913, 2009C, 2011, 2013 SRF OWRB, 2019 and 2023 OWRB Loan issues
S — DEBT CAPACITY Page 16
CITY OF OWASSO, OKLAHOMA
PLEDGED REVENUE BOND COVERAGE
Last Ten Years
Net OPWA
Revenues
Debt Service Requirements
Gress
Direct
Available for
Total Debt
YEAR
avenue
E enses
Debt Service
Service
Coverage
2024
$ 4Z197.757
$ 12,8625D9
$ 29,335,248
$ 10,748.214
272.93%
2023
41.071,822
IZ480,059
2B,591,763
7,972.512
358.63%
2022
38,791,372
11,356.294
27.435,078
7,997,349
343.05%
2021
36,385,422
11.070.875
25,314.547
810041858
316.24%
2020
32.427,535
11,261,421
21,166.114
7.997.358
264,66%
2019
31,315,966
10245,678
21,070,288
1,525,658
1381.06%
2018
30.612,151
10335,965
20,296.186
2310,011
878.62%
2017
29,388,217
9,743,869
19.644,348
2967.131
662.07%
2016
26,550.722
9.789,946
18,760,776
3,948,560
475.13%
2015
26,839,010
8,216,994
18,62Z026
3,778,906
492.79%
Source: Respeclive Yeari Financlal Statements
Nate: No
General Fund debt
was outstanding
during the past 10
years.
S-DEBT CAPACITY Page 17
CITY OF OWASSO, OKLAHOMA
DEMOGRAPHIC AND ECONOMIC INFORMATION
CHANGE IN POPULATION
LAST TEN YEARS
JUNE 30, 2024
Fiscal Year
Population'
Yearly Change
Median Age "'
Median Household
Income •'••
2024
41,162
3.17%
36.80
$ 79,183
2023
39,899
1.99%
34.00
Not Available
2022
39,119
1.00%
33.30
71,621
2021
38,732
4.00%
34.00
71,055
2020
37,241
0.93%
33.50
72,443
2019
36,897
0.78%
32.90
72,930
2018
36.610
0.90%
35.90
69,886
2017
36,283
0.57%
33.50
67,340
2016
36,079
3.83%
34.50
65,550
2015
34,747
2.31%
35.10
65,8B1
' Source: US Census Bureau
•• Amount adjusted from prior year due to new data
'•' Source: City of Owasso Economic Development Department
S-DEMOGRAPHIC AND ECONOMIC INFORMATION Page 18
2023
Employer
Saint Francis Health System
Hillcrest Healthcare System
Tulsa Public Schools
American Airlines Maintenance Base
Ascension St, John
City of Tulsa
Amazon Fulfillment Center
QuikTrip
AAON, Inc.
Broken Arrow Public Schools
Wol-Mart/Sam's Club
Reasons (all Tulsa area locations(
Spirit AeroSystems
Tulsa Community College
Source: City of Tulsa
CITY OF OWASSO, OKLAHOMA
PRINCIPAL EMPLOYERS
JUNE 30, 2024
2014
Percentage or
Percentage of
Total
Total
Employees
Rank
Employment
Employees
Rank
Employment
11,000
1
1.05%
8,000
1
1,87%
6,500
2
0.62%
6,000
6
1.40%
5,000
3
0.48%
7,500
3
1.75%
5,000
4
0.48%
7,500
4
1.75%
4,500
5
0.43%
7,500
5
1.75%
3,500
6
0.34%
4,500
7
1.05%
3,000
7
0.29%
-
-
0.00%
3,000
8
0.29%
-
-
0.00%
2,500
9
0.24%
-
-
0.007.
2,500
10
0.24%
-
-
0.00%
-
-
-
7,500
2
1.75%
-
-
-
3,000
8
0.70%
-
-
-
3,000
9
0.70%
-
-
-
2,500
10
0.58%
46,500
4.46%
57,000
13.30%
S—DEMOGRAPHIC AND ECONOMIC INFORMATION Page 19
CITY OF OWASSO, OKLAHOMA
Bank Deposits
LAST TEN YEARS
Owasso Bank
Year Deposits Growth
2023
$ 1,140,900,000
-5.23%
2022
1,203,800,000
6.19%
2021
1,133,600,000
8.50%
2020
1,044,800,000
25.23%
2019
834,300,000
3.05%
2018
809,600,000
12.41 %
2017
720,200,000
6.97%
2016
673,300,000
1.52%
2015
663,200,000
7.30%
2014
618,100,000
2.18%
Source. RegionTrack 2024 Owasso Economic Outlook
Information based on a calendar year-2024 not yet available
S - DEMOGRAPHIC AND ECONOMIC INFORMATION Page 20
CITY OF OWASSO, OKLAHOMA
BUILDING PERMIT HISTORY
LAST TEN YEARS
JUNE 30, 2024
Year Commercial Commercial Residential Residential Multi -Family Multi -Family
Permits Value Permits Value Permits* Value'
2024
11
$ 16,063,000
194 $
33,846,175
408 $
43,287,640
2023
17
29,183,000
105
19,439,670
53
5,110,000
2022
28
45,106,322
252
31,905,795
619
79,494,792
2021
12
24,545,580
203
27,132,933
80
6,039,000
2020
8
29,196,000
110
19,696,734
-
-
2019
12
24,435,600
74
8,772,766
73
6,283,600
2018
11
57,518,741
141
19,196,270
18
1,289,590
2017
15
20,660,955
182
25,942,995
23
1,007,673
2016
9
6,458,000
243
49,324,936
-
-
2015
18
44,663,400
238
30,724,439
-
-
• New category in 2017, plor years are Included M ResIden11c/ W.M
Source: CNy of Owasso Community Oevalopmenl
Informaflon 1, based on a ascal year.
S-DEMOGRAPHIC AND ECONOMIC INFORMATION Page 21
CITY OF OWASSO, OKLAHOMA
PUBLIC SCHOOL INFORMATION
LAST TEN YEARS
JUNE 30, 2024
Year Est. Enrollment Age Number of Est. Percent of High
4.17 Elementary Schools School Graduates
2024
9,802
13
84,97.
2023
9,900
10
86.0%
2022
9.656
10
Not Available
2021
9.035
10
Not Available
2020
9,782
9
94.0%
2019
9,629
9
92.0%
2018
9,730
8
98.5%
2017
9,737
8
99.0%
2016
9,678
8
96.0%
2015
9.651
8
98.0%
Source. Annual Reports submitted by the Owasso Public School district to the
Oklahoma State Department or Education
S-DEMOGRAPHIC AND ECONOMIC INFORMATION Page 22
CITY OF OWASSO, OKLAHOMA
UNEMPLOYMENT RATE
LAST TEN YEARS
JUNE 30, 2024
Unemployment Unemployment Unemployment
Year Rate - Owasso Rate - Oklahoma Rate - United
States
2024
3.60%
3.30%
4.10%
2023
5.607.
2.80%
3.80%
2022
2.507.
3.30%
3.70%
2021
3.50%
4.30%
5,80%
2020
5.60%
6.10%
6.90%
2019
2.90%
3,20%
3.60%
2018
2.70%
3.50%
3.70%
2017
3.90%
4.50%
4.20%
2016
3.90%
5.10%
4.90%
2015
3.20%
4.30%.
5.10%
Sovrce: Bv, a vllv6vr51aHsNa and Owasso Ecvnvmlc OUHvvk
S—DEMOGRAPHIC AND ECONOMIC INFORMATION Page 23
CITY OF OWASSO, OKLAHOMA
SELECTED OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN YEARS
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S-OPERATING INFORMATION Page 24
CITY OF OWASSO, OKLAHOMA
SELECTED OPERATING
INDICATORS BY FUNCTION/PROGRAM
LAST TEN YEARS
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S-OPERATING INFORMATION Page 25
CITY OF OWASSO, OKLAHOMA
SELECTED OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN YEARS
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S—OPERATING INFORMATION Page 26
CITY OF OWASSO, OKLAHOMA
CITY EMPLOYEES BY FUNCTION
LAST TEN YEARS
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S - OPERATING INFORMATION Page 27
CITY OF OWASSO
UTILITY AUTHORITY
WATER AND SEWER RATES
(Last Ten Years)
(Residential - Inside City Limits)
WaterI
Sewer
monthly
vase
Kole per I,,,Vu monthly
vase Kole
per 1,LAKs
Fiscal Year
Rate
Gallons
Rate
Gallons
2024 $
13.61
$ 8.13 $
11.59 $
5.05
2023
13.34
7.97
11.04
4.81
2022
13.08
7.81
10,51
4.58
2021
12.82
7.66
9.53
4.15
2020
12.60
7.22
9.08
3.95
2019
12.38
6.78
8.65
3.76
2018
12.16
6.34
8.24
3.58
2017
11.94
5.90
7.84
3.41
2016
11.94
5.46
7.47
3.25
2015
11.50
5.02
6.97
2.95
Source: City Ordlnance
S-OPERATING INFORMATION Page 28
CITY OF OWASSO
UTILITY AUTHORITY
WATER REVENUE BY CUSTOMER TYPE
(Last Ten Years)
O15 2016 2017 2018 2019 2020 2021 2022 2023. 2024
Residential $ 3,377,415 $ 3,706,866 $ 3,727,114 $ 3,710,379 $ 3,597,217 $ 3,922391 $ 4,550,780 $ 4,510,236 $ 4,743,047 $ 4,622,920
Commercial 1,323,475 1,472,681 1,938,004 2,092,634 2,020,572 2,141,421 2,498,273 2,757,031 2.868,418 3,009,638
Other 247,846 336,234 314,529 445,520 488,504 384,308 583,923 490,277 514,365 401,714
Total $ 4,948,736 $ 5,515,781 $ 5,979,647 $ 6,248,533 $ 6,106,2 33 $ 6,448,120 $ 7,632,976 $ 7,757,544 $ 8,125,830 $ 8,034,272
Source: City o/ Owasso Wilily Billing geparlosenl
S -OPERATING INFORMATION Page 29
CITY OF OWASSO, OKLAHOMA
CAPITAL ASSET CONDITION
(LAST TEN YEARS)
2015
W16
2017
"le
2019
2020
2021
on
20"
2024
Total Capitol Aaef Cod
$257,543293
S274.467,491
$288.836.198
431ZW13.531
$340,831.713
$365430.180
$385.372.360
$413,694,595
$4N.776.030
4482.046,519
Nondepmciable Land &CIP
21.452471
31.418.724
27.339.598
41.107.74D
59.330,743
4&SDZ464
61,962.656
82,592340
86.010.562
74.9211.855
Total Depreciable copilot Avels
sm&wo.B22
$243.04&767
$261,496.600
$271.890.791
$281.5W,970
$314.927.716
$323.409.704
$331.102255
$35&765Ad8
$407.117.664
Accumulated Depreciation $
91,998,891 $
99.731.554 S
lOB.013.523 $
117.329.739 $
126,024,30 $
136.4W.3W $
147.BBB.497 $
M,M.345 $
170,87B.307 $
181,901,OW
Ratio of Accum fed Depreciation to
Total Capitol Aueh
36%
36%
37
37%
37%
37%
38%
W%
38%
W%
Ratio of Accumulated Depredation to
Depredabk Capital Assefs 39% 41% 41% 0%
Ratio of Accumulated Depreciation to
Total Capital Assets
39%
3M 389. 387. 389. 38%
39% 37% 37% 3M 37•J.
38% 36%
37R 36R
37Y
3% — — —
36R 5
35%-
34%.
'IS "16 =7 UN =1 =0 =1 2= 202J 2.24
45% 43% 46% 48% 48% 45%
Ratio of Accumulated Depreciation to
Depreciable Capital Assets
60%
50% q5R 46R 4B% 48%
40% J9%
41% 41% M% 43% 45%
30%
07.
IU% - - -
2015 2016 2017 2018 2019 MM M21 M22 2023 M24
5—OPERATING INFORMATION Page 30
CITY OF OWASSO, OKLAHOMA
APPENDIX OF ABBREVIATIONS
(Occasionally used throughout this report)
City ...City of Owasso, Oklahoma
ALN ...Assistance Listing Number
CDBG ...Community Development Block Grant
CWSRF ...Clean Water State Revolving Fund
EMSA ...Emergency Medical Services Authority
FPRS ...Oklahoma Firefighter's Pension and Retirement System
GAAP ...Generally Accepted Accounting Principles
GASB ...Governmental Accounting Standards Board
GFOA ... The Government Finance Officers Association of the U.S. and Canada
GO ...General Obligation (bonds)
ICMA-RC ...457 Deferred Compensation Plan
IRC ...Internal Revenue Code
MSA ...Metropolitan Statistical Area (of Tulsa)
OEDA ...Owasso Economic Development Authority
OKMRF ...Oklahoma Muncipal Retirement Fund
OPEB ...Other Post Employment Benefits
OPGA ...Owasso Public Golf Authority
OPPRS ...Oklahoma Police Pension and Retirement System
OPWA
...Owasso Public Works Authority
OSNI
...Owasso Strong Neighborhood Initiative
OWRB
...Oklahoma Water Resources Board
RAN ...Revenue Anticipation Note
SRF ...State Revolving Fund
UAAL ... Unfunded Actuarial Accrued Liability
S — OPERATING INFORMATION Page 31
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" Awl
A -1AINN
A/
"Aw'M
Annual Comprehensive
Financial Report
City of Owasso, Oklahoma
Year Ended June 30, 2024