HomeMy WebLinkAbout2008 01_OPGA_Adopt Annual Operating Budget_2008.06.17OWASSO PUBLIC GOLF AUTHORITY
OPGA RESOLUTION NO. 2008-01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
BUDGET FOR FISCAL YEAR 2008-2009 FOR THE OWASSO PUBLIC
GOLF AUTHORITY.
WHEREAS: The Owasso Public Golf 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 GOLF AUTHORITY:
THAT: Total resources available
departmental appropriations
established as follows:
in the amount of $1,189,697 and total
in the amount of $1,189,697 are hereby
Golf Shop
Golf Cart Operation
Course Maintenance
Food & Beverage
General & Administrative
Debt Service
$158,089
$69,130
$497,692
$100,088
$309,788
$54,910
THAT: The effective date of this Resolution shall be July 1, 2008.
APPROVED AND ADOPTED this 17t~' day of June, 2008 by the Trustees of the Owasso Public
Golf Authority.
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p p ~ Stephen ataudella, Chairperson
Seal _
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ATTEST: •~ .~
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Sherry Bisho , Authority S retary
APPROVED AS TO FORM:
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J 1' Lombardi; Authority Attorne
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MEMORANDUM
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO PUBLIC GOLF AUTHORITY
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER
SUBJECT: RESOLUTION NO. 2008-O1
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. OPGA Resolution No. 2008-01 provides for
the adoption of a fiscal year budget for the Owasso Public Golf Authority with total resources
(revenues and transfers in) of $1,189,697 and total appropriations by department of $1,189,697.
RECOMMENDATION:
The staff recommends Trustee approval of OPGA Resolution No. 2007-01 adopting a fiscal year
2008-2009 budget for the OPGA.
ATTACHMENT:
OPGA Resolution No. 2008-01