HomeMy WebLinkAbout2008 02_OPWA_Adopt Annual Budget_2008.06.17OWASSO PUBLIC WORKS AUTHORITY
OPWA RESOLUTION NO. 2008-02
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
BUDGET FOR FISCAL YEAR 2008 -2009 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 the fiscal year ending
June 30, 2009 (FY 2008 - 2009); and
WHEREAS: The budget has been formally presented to the Trustees at least 30 days
prior to the start of the fiscal year; and
WHEREAS: The Trustees conducted a Public Hearing on June 3, 2008, and published
notice of the Public Hearing; 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: Total resources available in the amount of $34,974,695 and total
departmental appropriations in the amount of $34,249,054 are hereby
established as follows:
Administration
$807,241
Utility Billing
$316,150
Water
$2,730,417
Wastewater Treatment Plant
$6,990,511
Wastewater Collections
$1,496,036
Refuse
$1,654,512
Recycle
$195,229
Debt Service
$8,458,958
Interfund Transfers Out
$11,600,000
THAT: The effective date of this Resolution shall be July 1, 2008.
APPROVED AND ADOPTED this 17`" day of June, 2008 by the Trustees of the Owasso Public
Works Authority.
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ATTEST: _
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Sherry BishoVAuthority Secr Ffy
APPROVED AS TO FORM:
Juli ombardi, A thority Attorney
Stephen ataudella, Chairperson
APPROVED BY'YR'UMES
JUN 7 4M
MEMORANDUM
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO PUBLIC WORKS AUTHORITY
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER
SUBJECT: RESOLUTION NO. 2008-02
FISCAL YEAR 2008 -2009 BUDGET
DATE: June 13, 2008
BACKGROUND:
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 resolution. OPWA Resolution No. 2008-
02 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority with
total resources (fund balance, revenues and transfers in) of $34,974,695 and total appropriations
by department of $34,249,054.
RECOMMENDATION:
The staff recommends Trustee approval of Resolution No. 2008 -02 adopting a fiscal year 2008-
2009 budget for the OPWA.
ATTACHMENT:
Resolution No. 2008 -02