HomeMy WebLinkAbout2026 11_Adoption of FY 2026-2027 BudgetAPP)IqVED AS TO F RM:
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Ju' Lombardi, City Attorney
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Tulsa County Clerk - MICHAEL WILLIS
Doc #: 2026057596 Page(s): 2
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06/24/2026 08:52:2:23 AM
Receipt #: 2026-40490
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Fees: $20.00
CITY OF OWASSO, OKLAHOMA
RESOLUTION 2026-11
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR
2026-2027 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, 2027 (FY 2026-2027) consistent with the Act
has been prepared; and,
WHEREAS, The Act provides for the City Manager, or designee, to transfer any unexpended,
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
before 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 2, 2026, in compliance with the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO, OKLAHOMA, THAT:
The City Council of the City of Owasso does hereby adopt the FY 2026-2027 Budget with total
resources available in the amount of $111,272,601 and total fund/departmental appropriations
in the amount of $112,190,960; legal appropriations are hereby established as shown on
"Attachment A" for each fund and department; and,
The June 30, 2026, 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 some funds, accounts and for the some purposes for Fiscal Year 2026-2027 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,
The Sinking Fund Schedules for June 30, 2026, and Sinking Fund Estimate of Needs for Fiscal Year
Ending June 30, 2027, are hereby approved to be filed with the County Excise Board; and,
The effective date of this Resolution shall be July 1, 2026.
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PASSED
ATTEST:
liann M. Stevens, City Clerk
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this 161h day of June 2026.
Dr. Paul Loving, Mayor
Owasso City Council Resolution No. 2026-11
ATTACHMENT "A"
BUDGET SUMMARY - FISCAL YEAR 2026-2027
Appropriation by_Fund & Department
General Fund
Municipal Court
$ 445,340
General Fund
Managerial
1,485,699
General Fund
Finance
1,148,382
General Fund
Human Resources
737,876
General Fund
General Government
703,937
General Fund
Information Technology
2,035,119
General Fund
Facility Maintenance
1,374,829
General Fund
Community Development
1,317,749
General Fund
Police Services
11,339,790
Half Penny Sales Tax Fund
Police Services
2,622,263
General Fund
Emergency Communications
509,145
General Fund
Animal Control
452,163
General Fund
Fire Services
9,400,000
Half Penny Sales Tax Fund
Fire Services
3,340,368
General Fund
Emergency Preparedness
177,762
General Fund
Engineering
1,208,533
Half Penny Sales Tax Fund
Streets
3,237,268
General Fund
Stormwater
657,066
General Fund
Cemetery
126,767
General Fund
Parks
1,572,121
General Fund
Recreation & Culture
645,268
General Fund
Community Center
417,077
General Fund
Historical Museum
39,950
General Fund
Economic Development
94,250
General Fund
Interfund Transfers Out
37,650,487
Ambulance Service Fund
Ambulance Operations
2,607,224
Ambulance Capital Fund
Ambulance Operations
781,867
E-911 Fund
Police Communications
1,872,107
Cemetery Care Fund
Cemetery
2,000
Emergency Siren Fund
Emergency Preparedness
23,200
Hotel Tax Fund
Economic Development
281,350
Hotel Tax Fund
Strong Neighborhoods
251,555
Stormwater Management Fund
Stormwater
2,188,390
Opioid Settlement Fund
General Government
200,000
Tax Incremental Financing Fund
TIF Interfund Transfer Out
815,499
Vision Tax Fund
Vision Streets Projects
160,723
Park Development Fund
Capital Projects
50,000
Capital Improvements Fund
Capital Projects
5,411,329
Transportation Tax Fund
Capital Projects
1,000,000
Fleet Maintenance Fund
Fleet Maintenance
1,157,507
Self -Insurance Fund
General Government
12,649,000
Total Appropriations
$ 112,190,960
TO: The Honorable Mayor and City Council
FROM: Carly Novozinsky, Finance Director
SUBJECT: Resolution 2026-11, FY 2026-2027 Annual Operating Budget
DATE: June 11, 2026
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 5, 2026.
The proposed budget was discussed during the May and June work sessions. Printed copies of
the proposed budget have been available for public viewing at City Hall and on the City's
website.
Resolution 2026-11 provides for the adoption of a fiscal year budget for the City of Owasso,
Oklahoma.
PUBLIC HEARING:
On May 21, 2026, and May 28, 2026, legal notices of the public hearing were published in the
Tulsa Beacon. The public hearing was conducted on June 2, 2026, and provided opportunity for
citizen comment and questions related to the proposed budget. There were no citizen
comments provided.
RECOMMENDATION:
Staff recommends approval of Resolution 2026-11, adopting the Fiscal Year 2026-2027 Budget for
the General Fund and Other Funds as established by the Owasso City Council.
ATTACHMENT:
Resolution 2026-11