HomeMy WebLinkAbout1995.07.10_Sales Tax Watchdog Committee Agenda�Ilp
NOTICE OF PUBLIC MEETING OF THE
OWASSO SALES TAX WATCHDOG COMMITTEE
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
July 10, 1995
7:00 p.m.
Owasso Community Center
Notice and Agenda filed in the office of the City Clerk and posted on the City Hall bulletin
board at 5:00 p.m. on Thursday, July 6, 1995.
Marci Boutwell, Committee Secretary
AGENDA
1. Call to Order ....... ............................... Mr Philippi
2. Roll Call ......... ............................... Ms Boutwell
3. Request Approval of Minutes of April 10, 1995 Regular Meeting ...... Mr Philippi
4. Presentation and Discussion of Financial Reports ................. Ms Bishop
Owasso Sales Tax Watchdog Committee
July 10, 1995
Page 2
5. General Discussion of Projects & Progress Report .................. Mr Ray
6. Consideration & Approval of Quarterly Report for Public Distribution ... Mr Philippi
7. Discussion of New Responsibilities Assigned to Watchdog Committee Relating to Street
Improvements ......... ............................... Mr Ray
8. Discussion and Appropriate Action Relating to the Number of Meetings of the Committee
to be Held Each Calendar Year .......................... Mr Philippi
9. Unfinished Business .. ............................... Mr Philippi
10. New Business ...... ............................... Mr Philippi
11. Adjournment ....... ............................... Mr Philippi
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City of Owasso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended June 30, 1995
*Note - 96th Street & Garnett intersection is the current project.
Expended
Percent
Original
Amended
this
Expended
Remaining
of Budget
Percent
Revenue Bond Fund Projects
Budget
Budget
Quarter
to Date
Encumbrances
Budget
Expended
Complete
86th Street Improvements
$2,700,000
$2,753,383
$0
$2,749,519
$0
-
99.9%
100%
76th Street Improvements
150,000
173,288
49,958
173,288
0
0
100.0%
100%
Residential Street Overlay*
150,000
169,930
0
165,690
4,240
0
97.5%
99%
Main Street Renovation
100,000
107,799
0
107,790
0
-
100.0%
100%
Original Town Drainage
500,000
500,000
0
492,941
0
-
98.6%
100%
North Drainage Study
15,000
15,000
0
14,869
0
99.1%
100%
Firefighter Radio Equipment
35,000
35,000
0
34,781
0
-
99.4%
100%
Animal Impound Facility
50,000
105,000
0
105,224
0
100.2%
100%
Recreation Center Renovation
33,000
33,000
0
32,980
0
-
99.9%
100%
Sports Park
120,000
383,117
0
383,117
0
-
100.0%
100%
Land for Sports & Drainage
270,000
293,792
0
293,782
0
-
100.0%
100%
Rodeo Ground Improvements
20,000
20,000
0
14,975
0
-
74.9%
100%
OPWA/Garage Facility
0
193,888
0
193,888
0
-
100.0%
100%
Project Management
0
60,000
0
45,281
0
-
75.5%
100%
Total
$4,143,000
$4,843,197
$49,958
$4,808,125
$4,240
$0
99.37/.
*Note - 96th Street & Garnett intersection is the current project.
City of Owasso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended March 31, 1995
Expended
Percent
Original
Amended
this
Expended
Remaining
of Budget
Percent
Revenue Bond Fund Projects
Budget
Budget
Quarter
to Date
Encumbrances
Budget
Expended
Complete
86th Street Improvements
$2,700,000
$2,753,383
$0
$2,749,519
$0
99.9%
100%
76th Street Improvements*
150,000
150,000
40,170
123,330
50,007
(23,338)
82.2%
100%
_Residential Street Overlay **
150,000
183,406
8,100
165,690
17,716
0
90.3%
99%
Main Street Renovation
100,000
107,799
0
107,790
0
100.0%
100%
Original Town Drainage
500,000
500,000
0
492,941
0
98.6%
100%
North Drainage Study
15,000
15,000
0
14,869
0
99.1%
100%
Firefighter Radio Equipment
35,000
35,000
0
34,781
0
99.4%
100%
Animal Impound Facility
50,000
105,000
0
105,224
0
100.2%
100%
Recreation Center Renovation
33,000
33,000
0
32,980
0
99.9%
100%
Sports Park
120,000
383,117
0
383,117
0
100.0%
100%
Land for Sports & Drainage
270,000
293,792
0
293,782
0
100.0%
100%
Rodeo Ground Improvements
20,000
20,000
0
14,975
0
74.9%
100%
OPWA/Garage Facility
0
193,888
0
193,888
0
100.0%
100%
Project Management
0
60,000
0
45,281
0
-
75.5%
100%
Total
$4,143,000
$4,833,385
$48,270
$4,758,167
$67,723
($23,338)
98.4%
*Note - An additional $23,338 is anticipated from other revenue sources. Total budget for this project is $153,338.
* *Note - 96th street & Garnett intersection is the current project.
City of Owasso
Sales Tax Extension
Capital Improvement Fund Projects
Project Status Summary Report
For the Quarter Ended June 30, 1995
Expended
Percent
this
Expended
Remaining
of Budget
Percent
Budget
Quarter
to Date
Encumbrances
Budget
Expended
Complete
City Hall Renovation
$138,500
$1,925
$9,221
$0
$129,279
6.7%
4%
76th Street Overlay
70,000
150
150
0
69,850
0.2%
0%
96th Street Overlay
40,000
0
9,978
0
30,022
24.9%
15%
Residential Street Overlay
13,700
0
0
0
13,700
0.0%
0%
96th & Garnett Signalization
12,800
0
0
12,784
16
0.0%
10%
Hale Acres Drainage Project
15,000
240
1,688
0
13,312
11.3%
90%
Sports Park, Phase IV (FY 95)
157,000
69,422
151,669
5,331
(0)
96.6%
95%
Total
$447,000
$71,737
$172,706
$18,115
$256,180
38.6%
City of Owasso
Sales Tax Extension
Capital Improvement Fund Projects
Project Status Summary Report
For the Quarter Ended March 31, 1995
City Hall Renovation
76th Street Overlay
96th Street Overlay
Residential Street Overlay
96th & Garnett Signalization
Hale Acres Drainage Project
Sports Park, Phase IV (FY 95)
Total
Expended
Percent
this
Expended
Remaining
of Budget
Percent
Budget
Quarter
to Date
Encumbrances
Budget
Expended
Complete
$138,500
$91
$7,296
$0
$131,204
5.3%
4%
70,000
0
0
0
70,000
0.0%
0%
40,000
671
9,978
0
30,022
24.9%
15%
13,700
0
0
0
13,700
0.0%
0%
12,800
0
0
12,784
16
0.0%
10%
15,000
722
1,448
0
13,552
9.7%
90%
157,000
64,479
82,247
23,426
51,327
52,4%
95%
$447,000
$65,963
$100,968
$36,210
$309,821
22.6%