The URL can be used to link to this page

Home My WebLink About2025 04_Annual Budget Adoption,d°KrykOo Tulsa County Clerk - MICHAEL WILLIS o :i '?• i Doc #: 2025054751 Page(s): 2 06/24/2025 11:57:19 AM Receipt#:2025-37223 �kCq HOP`P� Fees: $20.00 CITY OF OWASSO, OKLAHOMA RESOLUTION 2025-04 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2025-2026 FOR THE GENERAL FUND AND OTHER FUNDS AS ESTABLISHED BY THE OWASSO CITY COUNCIL; ESTABLISHING LEVELS OF EXPENDITURES BY DEPARTMENT AND ESTABLISHING BUDGET AMENDMENT AUTHORITY AS PROVIDED BY STATUTE; AND ESTABLISHING AN EFFECTIVE DATE WHEREAS, The City of Owasso has adopted the provisions of the Oklahoma Municipal Budget Act (the Act); and WHEREAS, A budget for the fiscal year ending June 30, 2026 (FY 2025-2026) consistent with the Act has been prepared: and WHEREAS, The Act provides for the City Manager, or designee, to transfer any unexpended and unencumbered appropriation from one department to another within the same fund; and WHEREAS, The budget has been formally presented to the Owasso City Council at least 30 days prior to the start of the fiscal year in compliance with the Act; and WHEREAS, The Owasso City Council published notice of a Public Hearing, and conducted the Public Hearing on June 3, 2025, in compliance with the Act. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO, OKLAHOMA, THAT: SECTION ONE (1): The City Council of the City of Owasso does hereby adopt the FY 2025- 2026 Budget with total resources available in the amount of $104,732,558 and total fund/departmental appropriations in the amount of $107,771,493; legal appropriations are hereby established as shown on "Attachment A" for each fund and department; and, SECTION TWO (2): The June 30, 2025, encumbrances and unexpended appropriation balances for capital projects in the Vision Recapture Fund, the Transportation Tax Fund, the Half - Penny Sales Tax Fund, the Capital Improvements Fund, the Ambulance Capital Fund, the Ambulance Service Fund, the Emergency Siren Fund, the Park Development Fund, the Stormwater Management Fund, the Federal Grants Fund and the Capital Improvement Grants Fund be hereby re -appropriated to the same funds, accounts and for the same purposes for Fiscal Year 2025-2026 unless the project or purpose is designated or declared closed or completed, provided that fund balances in each respective fund is equal to or greater than the amounts to be re -appropriated; and, SECTION THREE (3): The Sinking Fund Schedules for June 30, 2025, and Sinking Fund Estimate of Needs for Fiscal Year Ending June 30, 2026, are hereby approved to be Filed with the County Excise Board; and, SECTION FOUR (4): The effective date of this Resolution shall be July 1, 2025. PASSED A APPROVED this 171h ATTEST: [/ " Juliann M*tevens, City Clerk Alvin Fruga, Mayor APPROVED AS TO FORM: lie Lombardi,% City Attorney 0 -� bk4AH010, Attachment A Res. 2025-04 City Resolution No. 2025-04 ATTACHMENT "A" BUDGET SUMMARY - FISCAL YEAR 2025-2026 Aooropriation by Fund & Department General Fund Municipal Court $ 420,006 General Fund Managerial 1,378,238 General Fund Finance 1,101,829 General Fund Human Resources 692,421 General Fund General Government 637,921 General Fund Information Technology 1,678,848 General Fund Facility Maintenance 1,366,278 General Fund Community Development 1,240,817 General Fund Police Services 10,989,890 Half Penny Sales Tax Fund Police Services 1,991,603 General Fund Emergency Communications 434,856 General Fund Animal Control 370,615 General Fund Fire Services 8,680,000 Half Penny Sales Tax Fund Fire Services 3,951,317 General Fund Emergency Preparedness 159,762 General Fund Engineering 1,147,578 Half Penny Sales Tax Fund Streets 3,049,618 General Fund Stormwater 795,427 General Fund Cemetery 118,664 General Fund Parks 1,659,610 General Fund Recreation & Culture 622,046 General Fund Community Center 461,838 General Fund Historical Museum 37,428 General Fund Economic Development 96,700 General Fund Strong Neighborhoods 16,757 General Fund Interfund Transfers Out 37,010,002 Ambulance Service Fund Ambulance Operations 2,248,187 Ambulance Service Fund Interfund Transfers Out 240,000 Ambulance Capital Fund Ambulance Operations 697,931 E-911 Fund Police Communications 1,786,445 Cemetery Care Fund Cemetery 1,850 Emergency Siren Fund Emergency Preparedness 22,700 Hotel Tax Fund Economic Development 1,130,642 Hotel Tax Fund Strong Neighborhoods 266,847 Stormwater Management Fund Stormwater 1,695,850 Opioid Settlement Fund General Government 490,000 Tax Incremental Financing Fund TIF Interfund Transfer Out 730,853 Vision Tax Fund Vision Streets Projects 182,062 Park Development Fund Capital Projects 150,000 Capital Improvements Fund Capital Projects 3,746,000 Transportation Tax Fund Capital Projects 1,700,000 Fleet Maintenance Fund Fleet Maintenance 1,119,057 Self -Insurance Fund General Government 11,453,000 Total Appropriations $ 107,771,493 OWASSO APPROVED sd _ .,.,..m...r.......,..... .,.Ma JUN 9 12025 TO: The Honorable Mayor and City Council FROM: Carly Novozinsky, Finance Director SUBJECT: Resolution 2025-04, FY 2025-2026 Annual Operating Budget DATE: June 12, 2025 BACKGROUND: Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund, Owasso Public Works Authority (OPWA) Fund, Owasso Public Golf Authority (OPGA) Fund and other funds has been developed and was transmitted for City Council review on May 6, 2025. The proposed budget was discussed during the May and June City Council work session meetings. Printed copies of the proposed budget have been available for public viewing at City Hall, on the City's website, and at the Owasso Public Library. Resolution 2025-04 provides for the adoption of a fiscal year budget for the City of Owasso, Oklahoma. PUBLIC HEARING: On May 21, 2025, and May 26, 2025, legal notices of a public hearing were published in the Tulsa World, and such hearing was conducted on June 3, 2025. The public hearing provided opportunity for citizen comment and questions relating to the proposed budget. There were no citizen comments provided. RECOMMENDATION: Staff recommends approval of Resolution 2025-04, adopting the Fiscal Year 2025-2026 Budget for the General Fund and Other Funds as established by the Owasso City Council. /el l /e[e1:Vi14: Y R Resolution 2025-04 Published in the Tulsa World,Tulsa,Tulsa County,Oklahoma,May 21,28,2025 Notice of Public Hearing Owasso City Council will hold a public hearing on the proposed FY 2026 budget during the City Council meeting at 6:30 on June 3,2025 in the Council Chambers at Old Central,109 N.Birch.The proposed budget is available for inspection at City Hall and www.cityofowasso.com. City of Owasso-Proposed Budget Summary Fiscal Year 2025-2026 Revenue by Fund&Source Expenditure by Fund&Department General Fund: General Fund: Taxes 41/172/680 Municipal Court 420,006 Licenses&Permits 2741697 Managerial 1/378/238 Intergovernmental 9901929 Finance 111011829 Charges&Fees 8591721 Human Resources 692,421 Fines&Forfeitures 379,711.08 General Government 637,921 Other 6691203.75 Information Technology 1,678,848 Interfund Transfers In 22,659,757.333 Facility Maintenance 1,366,278 Half Penny Community Development 1,240,817 Sales Tax Fund: Taxes 5,745,063 Police Services 10,989,890 Intergovernmental 200,000 Emergency Communications 434,856 Other 205,590.89 Animal Control 370,615 Interfund Transfers In 1,374,515 Fire Services 8,680,000 Ambulance Emergency Preparedness 159,762 Service Fund: Charges&Fees 2,413,886 Engineering 1,147,578 Other 38,000 Stormwater 795,427 Ambulance Cemetery 118,664 Capital Fund: Charges&Fees 4241459 Parks 1,659,610 Other 17,000 Recreation&Culture 622,046 E-911 Fund: Community Center 461,838 Charges&Fees 494,398 Historical Museum 37,428 Other 28,000 Economic Development 96,700 Interfund Transfers In 900,000 Strong Neighborhood 16,757 Cemetery Care Half Penny Fund: Sales Tax Fund: Charges&Fees 1,288 Police Services 1,9911603 Other 350 Fire Services 3,951,317 Emergency Streets 3,0491618 Siren Fund: Licenses&Permits 21000 Vision Recap- 182#062 ture Tax Fund Other 3,300 Ambulance 2,2481187 Service Fund Hotel Tax Fund: Ambulance 697,931 Capital Fund Taxes 548,246 E-911 Fund 1,786,445 Other 60,000 Cemetery Care 1,850 Fund Stormwater Emergency 22,700 Management Siren Fund Fund: Charges&Fees 21126,311 Hotel Tax Fund: Other 1320000 Economic Development 1,130,642 Opioid Settle- Strong Neighborhood 2661847 ment Fund: Other 16,000 Stormwater 1,695,850 Management Fund Tax Incremental Opioid Settle- 490,000 Financing: ment Fund Taxes 555,275 Park Develop- 150,000 ment Fund Other 5,500 Capital 4,046,000 Improvements Fund Park Develop- Transportation 2,000,000 ment Fund: Tax Fund Licenses&Permits 30,000 Fleet Mainte- 1,119,057 nance Fund Other 5,000 Self-Insurance Fund: Capital Improve- Workers'Comp 760,000 ments Fund: Other 200,000 Gen Prop Liab 590,000 Interfund Transfers In 3,878,409.667 Healthcare 10,103,000 Transportation Subtotal Expen- 70,390,638 Tax Fund: ditures Taxes 5,928,004 Other 150,000 Interfund Transfers Out: Fleet Mainte- General Fund Transfer to OPWA 33,975,487 nance Fund: Charges&Fees 1,000,213 General Fund Transfer to E-911 900,000 Fund Self-Insurance General Fund Transfer to Half 1,1341515 Fund: Penny Fund-Streets Charges&Fees 111078,000 TI F Transfer to OPWA 7301853 Other 165,000 General Fund Transfer to OPGA 1,000,000 Sinking Fund: Ambulance Service Fund Transfer 240,000 to Half Penny Fund-Fire Other 50 Total Expenses 108,3711493 Ta le 104,7321557.72 TULSAWORLD AFFIDAVIT OF PUBLICATION Tulsa World 315 S. Boulder Ave., Tulsa, OK 74103 (918) 582-0921 I, Rachel Cozart, of lawful age, being duly sworn upon oath depose and say that I am an agent of Column Software, PBC, duly appointed and authorized agent of the Publisher of Tulsa World, a publication that is a "legal newspaper" as that phrase is defined for the city of Tulsa, for the County of Tulsa, in the state of Oklahoma, that this affidavit is Page 1 of 2 with the full text of the sworn -to notice set forth on the pages that follow, and that the attachment hereto contains the correct copy of what was published in said legal newspaper in consecutive issues on the following dates: Publication Dates: • May 21, 2025 • May 28, 2025 Notice ID: 4lGcgT8KtXbhCbrMQzCH Notice Name: FY26 Budget Publication Publication Fee: $26.01 I state under penalty of perjury under the laws of Oklahoma that the foregoing is true and correct. kackel Cozart \\\\P0.villlolp4 SHERI SMITH Agent ee Notary public State of Florida Commission # HH269383 ° Expires on Me""''936 VERIFICATION State of Florida County of Broward Signed or attested before me on this: 05/29/2025 X l 2aku - Notary Public Notarized remotely online using communication technology via Proof. See Proof on Next Page FY26 Budget Publication I Page 1 of 2 Published in the Tulsa World, Tulsa, Tulsa County, Oklahoma, May 21, 28, 2025 Notice of Public Hearing Owasso City Council will hold a public hearing on the proposed FY 2026 budget during the City Council meeting at 6:30 on June 3, 2D25 in the Council Chambers Old Central,109 N. Birch. The budget is for inspection City Hall at City of Owasso - Proposed Budget Summary proposed available at and www.cityofowasso.com. Fiscal Year 2025-2026 Revenue by Fund & Source Expenditure by Fund & Department General Fund: General Fund: Taxes 41,172,680 Municipal Court 420,006 Licenses & Permits 274,697 Managerial 1,378,238 Intergovernmental 990,929 Finance 1,101,829 Charges & Fees 859,721 Human Resources 692,421 Fines & Forfeitures 379,711.08 General Government 637,921 Other 669,203.75 Information Technology 1,678,848 Interfund Transfers In 22,659,757.333 Facility Maintenance 1,366,278 Half Penny Community Development 1,240,817 Sales Tax Fund: Taxes 5,745,063 Police Services 10,989,89D Intergovernmental 200,000 Emergency Communications 434,856 Other 205,590.89 Animal Control 370,615 Interfund Transfers In 1,374,515 Fire Services 8,680,000 Ambulance Emergency Preparedness 159,762 Service Fund: Charges & Fees 2,413,886 Engineering 1,147,578 Other 38,000 Stormwater 795,427 Ambulance Cemetery 118,664 Capital Fund: Charges & Fees 424,459 Parks 1,659,610 Other 17,000 Recreation & Culture 622,046 E-911 Fund: Community Center 461,838 Charges & Fees 494,398 Historical Museum 37,428 Other 28,000 Economic Development 96,700 Interfund Transfers In 900,DD0 Strong Neighborhood 16,757 Cemetery Care Half Penny Fund: Sales Tax Fund: Charges & Fees 1,288 Police Services 1,991,603 Other 350 Fire Services 3,951,317 Emergency Streets 3,D49,618 Siren Fund: Licenses & Permits 2,000 Vision Recap- 182,062 ture Tax Fund Other 3,300 Ambulance 2,248,187 Service Fund Hotel Tax Fund: Ambulance 697,931 Capital Fund Taxes W,246 E-911 Fund 1,786,445 Other 60,000 Cemetery Care 1,850 Fund Stormwater Emergency 22,700 Management Siren Fund Fund: Charges & Fees 2,126,311 Hotel Tax Fund: Other 13ZODO Economic Development 1,130,642 Opiold Settle- Strong Neighborhood 266,847 ment Fund: Other 16,000 Stormwater 1,695,850 Management Fund Tax Incremental Diploid Settle- 490,00D Financing: meat Fund Taxes 555,275 Park Develop- 150,000 ment Fund Other 5,500 Capital 4,046,000 Improvements Fund Park Develop- Transportation 2,000,000 ment Fund: Tax Fund Licenses & Permits 30,000 Fleet Mainte- 1,119,057 nance Fund Other 5,000 Self -Insurance Fund: Capital Improve- Workers' Camp 760,D00 ments Fund: Other 200,OOD Gen Prop Llab 590,000 Interfund Transfers In 3,878,409,667 Healthcare 10,103,000 Transportation Subtotal Expen- 70,390,638 Tax Fund: ditures Taxes 5,928,004 Other 150,00D Interfund Transfers Out: Fleet Mainte- General Fund Transfer to OPWA 33,975,487 nance Fund: Charges & Fees 1,000,213 General Fund Transfer to E-911 900,000 Fund Self -Insurance General Fund Transfer to Half 1,134,515 Fund: Penny Fund - Streets Charges & Fees 11,078,000 TIFTransfer to OPWA 73D,853 Other 165,00D General Fund Transfer to OPGA 1,D00,000 Sinking Fund: Ambulance Service Fund Transfer 240,000 to Half Penny Fund - Fire Other 50 Total Expenses 108,371,493 Lveir4 104,732,557.72 FY26 Budget Publication I Page 2 of 2