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HomeMy WebLinkAbout2026 01_OPWA Budget Adoption FY 2026-2027Tulsa County Clerk - MICHAEL WILLIS .;�.:. Doc #: 2026057597 Page(s): 1 •; 7 06/24/2026 08:52:23 AM Receipt #: 2026-40490 OKGgHOMP Fees: $18.00 OWASSO PUBLIC WORKS AUTHORITY OWASSO, OKLAHOMA RESOLUTION 2026-01 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2026-2027 FOR THE OWASSO PUBLIC WORKS AUTHORITY WHEREAS, The Owasso Public Works Authority was created as a Title 60 Public Trust; and, WHEREAS, The Authority Manager has prepared a budget for fiscal year ending June 30, 2027 (2026-2027); and, WHEREAS, The budget has been formally presented to the Trustees; and, WHEREAS, Certain budget filing requirements are mandated by State Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO PUBLIC WORKS AUTHORITY, THAT: The Owasso Public Works Authority does hereby adopt the FY 2026-2027 Budget with total resources available in the amount of $71,149,168 and total expenditure appropriations in the amount of $71,967,090 as follows: Administration $ 1,977,091 Utility Billing 700,507 Water 9,585,036 Wastewater Treatment Plant 4,558,424 Wastewater Collect ions 11,161,088 Refuse 2,197,356 Recycle Center 374,954 Debt Service 11,016,800 Tax Increment Financing 1,500,000 Interfund Transfers Out 28,895,834 Total Expenditures $ 71,967,090 The effective date of this Resolution shall be July 1, 2026. � Ile M. Stevens, Auth a? t C?erk • •i y AT tG 'fiJr :O fIrls�LA C' APPRO D-YI is 16th day of June 2026. Dr. Paul Loving, hair APP D AS TO F Julie Lombardi, City Attorney sd PFAL Pre{ir �PFALCbnaln.RERl LemmuNry TO: The Honorable Chair and Trustees, Owasso Public Works Authority FROM: Carly Novozinsky, Finance Director SUBJECT: Resolution 2026-01, 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/Trustee 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 2026-01 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority. PUBLIC HEARING: On May 21, 2026, and May 28, 2026, legal notices of a 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 2026-01, adopting a Fiscal Year 2026-2027 Budget for the Owasso Public Works Authority. ATTACHMENT: OPWA Resolution 2026-01