HomeMy WebLinkAbout2008 03_Annual Budget_2008.06.17CITY OF OWASSO, OKLAHOMA
RESOLUTION NO. 2008 -03
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR
FISCAL YEAR 2008 -2009 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: The City Manager has prepared a budget for the fiscal year ending June 30,
2009 (FY 2008 -2009) consistent with the Act; 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 has conducted a Public Hearing on June 3, 2008,
and published notice of the Public Hearing 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 2008-
2009 Budget with total resources available in the amount of $48,030,884
and total f ind/departmental appropriations in the amount of $45,882,809;
legal appropriations are hereby established as shown on "Attachment A"
for each fund and department; and
THAT: The encumbrances and unexpended appropriation balances for capital
projects in the Capital Improvements Fund, the Stormwater Management
Fund and the CDBG Fund for Fiscal Year 2007 -2008 be and the same are
hereby reappropriated to the same funds, accounts and for the same
purposes for Fiscal Year 2008 -2009 unless the project or purpose is
designated or declared closed or completed; and
THAT: The effective date of this Resolution shall be July 1, 2008.
APPROVED AND ADOPTED this 17"
City of Owasso, Oklahoma.
r OF i (P 0 IAL
SEAL
ATTEST:
Sherry Bishgo, City Clerk
APPROVED AS TO FORM:
guhr'e�llmlbardi, City Attorney
day of June, 2008 by the City Council of the
Step en taudella, Mayor
Attachment A
City of Owasso - Budget Summary
Fiscal Year 2008 -2009
Appropriation by Fund & Department
General Fund --
Municipal Court
190,100
Managerial
791,655
Finance
527,608
Human Resources
320,598
General Government
440,750
Community Development
485,206
Engineering
547,182
Information Technology
575,332
Support Services
492,962
Cemetery
5,790
Police Services
4,621,622
Police Communications
484,866
Animal Control
136,030
Fire Services
3,538,966
Emergency Preparedness
124,710
Streets
697,455
Stormwater
543,595
Parks
454,963
Community Center
164,255
Historical Museum
87,424
Economic Development
135,126
Interfund Transfers Out
17,401,000
Ambulance Service Fund --
Ambulance Operations
920,777
Interfund Transfers Out
167,250
E -911 Fund --
Police Communications
250,965
Cemetery Care Fund --
Cemetery
17,000
Emergency Siren Fund --
Emergency Preparedness
30,000
Juvenile Court Fund --
Juvenile Court
45,000
Hotel /Motel Tax Fund --
Economic Development
20,000
Stormwater Management Fund --
Stormwater
103,000
Interfund Transfers Out
387,500
Ambulance Capital Fund --
Ambulance Operations
118,950
Fire Capital Fund --
Fire Services
55,000
Park Development Fund --
Parks
35,000
CDBG Fund --
Capital Project
96,429
Capital Improvements Fund --
General Government
3,073,000
Streets
3,800,000
Parks
500,000
City Garage Fund --
Vehicle Maintenance
385,743
Workers' Comp Self -Ins Fund --
General Government
425,000
Gen Liability Property Ins Fund --
General Government
230,000
Healthcare Self Ins Fund --
General Government
2,455,000
Total Appropriation
$ 45,882,809
MEMORANDUM
TO: THE HONORABLE MAYOR AND CITY COUNCIL
CITY OF OWASSO
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER
SUBJECT: RESOLUTION NO. 2008-03
FISCAL YEAR 2008 -2009 BUDGET
DATE: June 13, 2008
BACKGROUND:
APPROVED BY COUNCIL
JUN 17 2008
Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund,
OPWA Fund, OPGA Fund and other funds has been developed and transmitted for your review. On
May 27, 2008 legal notice of a public hearing was published in the Owasso Reporter, and such
hearing was conducted on June 3, 2008. The public hearing provided opportunity for citizen
comment and questions relating to the proposed budget. In addition, copies of the proposed budget
have been available for public review.
State statutes require adoption of an annual budget by the City Council through a resolution.
Resolution No. 2008 -03 with "Attachment A" (budget summary) provides for the adoption of a fiscal
year budget for the General Fund and other funds of the city with total resources (fund balance,
revenues and transfers in) of $48,030,884 and total appropriations by department of $45,882,809.
The Municipal Budget Act authorizes an alternate method of budgeting for grants and capital projects
that extend beyond a single fiscal year. The existing budgets may be reappropriated to the same
project in the succeeding fiscal year without specifying the exact dollar amount. For example, this
allows the budget for the 129th East Avenue widening project to roll forward automatically into the
new fiscal year. If approved by Council, wording in Resolution No. 2008 -03 will reappropriate funds
for all incomplete capital projects in the Capital Improvements Fund, the Stormwater Management
Fund and the CDBG Fund.
RECOMMENDATION:
The staff recommends City Council approval of Resolution No. 2008 -03 adopting a fiscal year 2008-
2009 budget for the General Fund and all other funds of the City.
ATTACHMENT:
Resolution No. 2008 -03