HomeMy WebLinkAbout2026 11_Adoption of FY 2026-2027 BudgetAPP)IqVED AS TO F RM:
bOAdJ
Ju' Lombardi, City Attorney
�,�`�`•��b�
Tulsa County Clerk - MICHAEL WILLIS
Doc #: 2026057596 Page(s): 2
8 :-"�•
. �
06/24/2026 08:52:2:23 AM
Receipt #: 2026-40490
�kGgHOMP
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.
r
PASSED
ATTEST:
liann M. Stevens, City Clerk
G�(f OF Ot
f r
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
Affidavit of Publication
TULSA BEACON
6705 E. 81st St. Ste 180
Tulsa, Oklahoma, 74133
(918)523-4425
I, Susan Biggs, of lawful age, being duly sworn upon oath, deposes and says: That I am
the Office Manager of the Tulsa Beacon, a Weekly newspaper printed and published in the
City of Tulsa, County of Tulsa, and State of Oklahoma, and that the advertisement referred
to, a true and printed copy is hereunto attached, was published in said Tulsa Beacon in
consecutive issues on the following dates to wit
1st Insertion
2nd Insertion
May 21, 2026
May 23, 2026
City of Owasso
Proposed Budget Summary
FY 2026-2027
That said newspaper has been published continuously and uninterruptedly in said county
during a period of one -hundred and four consecutive weeks prior to the publication of the
attached notice or advertisement; that it has been admitted to the United States mail as
publications (second-class) mail matter, that it has a general paid circulation, and publishes
news of general interest, and otherwise conforms with all of the statutes.of the State of
Oklahoma governing legal publications.
Publication Fee $ 399.04
9
�Ji
Editor, Publishes or Authorized Ag
SUBSCRIBED and sworn to before me this %Eday of M 262,(...
Not l-
My commission expires: I o • 22f , 20Z-r.
Sz AHadzd Nafl¢on Page 2
�, SOBY-LFLWS�..
' 8falaofO0.Whonrj
Commiulon a 08010489 f
Page 1 � t Erp6'as 10fa0f2026
best bidder, all that certain real estate will offer for sale and sell for cash to
Published in the Tulsa Beacon newspaper, in Tulsa Counly, in the State of Oklahoma, on May 21 and 28, 2026.
HOME OF PUBLIC HEARING
Owasso City Council eRl hold a public hearing on the proposed FY 2827 budget during the City Council meeing cd 62on June 22026, in
the Council Chambers of Old Coke[, 109 N. Birch. The proposed budget is avalloble for inspection
at City Hall and
www.cityofawasso.com.
City of Owasso - Proposed BudgetSummory
Revenue by Fund R Souree
Fiscal Yea2026.2027
General Fund:
Expenditure by Fund a Department
General Fund
Taxes $
42249,333
Munidpd Court
$ 445-V
Licenses & Permits
237,054
Moral
1,485,699
Intergovernmental
LOD7,915
Finance
1,148,362
Chagas&Fees
1,069,016
Human Resources
73T876
Fines & Forfeitures
400,133
Gene-d Government
703,937
Other
652368
Information Technology
2035,119
Intedund Transfarsln
23,094.306
FocilityMdntenance
1,374.829
Hot Penny Sales Tar Fund:
Community Development
017,749
Taxes
S0,,326
PdiceServices
11,339,790
Intergovernmemd
975,296
Emergency Communicalions
509,145
Other
147,633
Ammd Control
452,163
Intedund Transferi In
1,25DCM
Fire Services
9,40l
Ambulance Service Fund
Emergency Preparedness
177,762
Chages&Fees
2355,371
Engineering
1,28,533
Other
47,O00
Stomlwater
657,066
Ambulance Capild fund
Cemetery
126,767
Charges &Fees
418,101
Perks
1,572,121
Other
15,O00
Recreation & Culture
645,268
E-911 Fund:
Community Center
417,077
Chagas &Fees
498,357
Historical Museum
39,950
Other
29,0D0
Economic Development
94,250
Intedund Transfers In
830000
Cemetery Core Fund:
Half Penny Soles Tor Fund:
Charges&Fees
1,275
Police Services
2622263
Other
450
Fire Services
3,X,368
Emergency Siren Fund:
Streets
3237,268
Licenses; &Permits
330
Vision Recapture Tar Fund
I6D,723
Other
3000
Ambulance Service Fund
2607,224
Hotel Tar Fund:
Ambulance Copitd Fund
781.867
Taxes
648,036
E-911 Fund
1,872,107
Other
WOO
Cemetery Core Fund
2,000
StornwaterManogement Fund:
Emergency Siren Fund
23,2O
Chagas &Fees
2410.S%
Hotel Tar fund:
Other
170,000
Economic Development
281,350
OpiddSettlement Fund:
Strong Ndghbahood
251,555
Other
25,000
StomwderManagement Fund
2188,390
Tax Incremental Hnancing;
OpddSettlement Fund
2O1000
Taxes
807,499
Pak Development Fund
50,000
Other
8,O00
Copitd Improvements Fund
5,411,329
Park Development Fund
Trampodalion Tax Fund
I1COD.000
Licenses & Permits
21,000
Capital Improvements Grants Fund
-
Other
S,SOD
Fleet Maintenance Fund
1,157,SD7
Coptol Improvements Fund
Self -Insurance Fund
Other
20O,ODD
Workers Camp
75D,000
Intedund Transfers In
5.801.528
Gen Prop Liob
655,000
Transportation Tax Fund:
Healthcare,
11,244,000
Toes
6,262806
Subtold Bxpendiures
73,724,974
Other
3C01000
Fleet Maintenance Fund:
Charges &Fees
1.047,371
Intedund Transfers Out:
Self -Insurance Fund:
General Fund Transferto OPWA
34,630,487
Chages&Fees
I2274,000
Gened Fund Transfer to E-911 Fund
800102O
Other
160,OCO
Gened Fund Trasferto Hair Penny Fund - Streets
I.250,O00
Sinking Fund:
11F T onsferto OPWA
815,499
Other
70
Gerald FundTronsferto OPGA
970,COD
Told Expenses
$ 112190,960
Told Revenues $
11 L272601