HomeMy WebLinkAbout1994.01.10_Sales Tax Watchdog Committee Agenda107�
9
NOTICE OF PUBLIC MEETING OF THE
OWASSO SALES TAX WATCHDOG COMMITTEE
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
January 10, 1994
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 10:00 a.m. on Thursday, January 6, 1994.
--I)I)A "� 0-41-*� 94. .,#;"/ 1.0 W,
Marcia outwell, Commi tee Secretary
AGENDA
1. Call to Order ..... ............................... Mr Philippi
2. Roll Call
3. Request Approval of Minutes of October 11, 1993 Regular Meeting ... Mr Philippi
4. Presentation and Discussion of Financial Reports ............... Ms Bishop
Owasso Sales Tax Watchdog Committee
January 10, 1994
Page 2
5. Request Approval of Completion Report for Tanker Truck ........... Mr Ray
6. Consideration & Approval of Quarterly Report for Public Distribution . Mr Philippi
7. General Discussion of Projects & Progress Report ................. Mr Ray
8. Presentation of a Proposal for the Funding of Public Safety Needs for the City of Owasso
....................................... MrRay
9. Unfinished Business . ............................... Mr Philippi
10. New Business ..... ............................... Mr Philippi
11. Adjournment ..... ............................... Mr Philippi
City of Owasso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended December 31, 1993
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
0
33,471
0
116,529
22.3%
25%
Residential Street Overlay
150,000
183,406
30,905
157,590
0
25,816
85.9%
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
$30,905
$4,660,208
$0
$142,345
96.4%
City of Owasso
Sales Tax Collections and
Restricted Use of One Percent
Fiscal Year 1993 -94
Jul -93
Aug -93
Sep -93
Oct -93
Nov -93
Dec -93
Jan -94
Feb -94
Mar -94
Apr -94
May -94
Jun -94
Total
Three Percent
Sales Tax
Collection
$271,679.74
278,089.83
302,455.67
294,492.60
266,960.75
272,932.89
287,405.63
330,279.54
241,723.44
253,895.72
281,932.49
277,848.81
One Percent
Sales Tax
(1/3)
$90,559.91
92,696.61
100,818.56
98,164.20
88,986.92
90,977.63
95,801.88
110,093.18
80,574.48
84,631.91
93,977.50
92,616.27
Capital
Future Fund*
$13,583.99
13,904.49
15,122.78
14,724.63
13,348.04
13,646.64
14,370.28
16,513.98
12,086.17
12,694.79
14,096.62
13,892.44
Required for
1988 Rev. Bond
Debt Service
$48,490.00
48,490.00
48,490.00
48,490.00
49,786.00
49,786.00
49,786.00
8,850.58
49,786.00
49,786.00
49,786.00
49,786.00
Excess
$28,485.93
30,302.12
37,205.77
34,949.57
25,852.88
27,544.99
31,645.60
84,728.62
18,702.31
22,151.12
30,094.87
28,937.83
$3,359,697.11 $1,119,899.04 $167,984.86 $551,312.58 $400,601.60
*Note - Capital Future Fund balance $303,955.07
City of Owasso
Sales Tax Extension
Capital Improvement Fund Projects
Project Status Summary Report
For the Quarter Ended December 31, 1993
c ..-
Central Fire Station
$530,000
Sports Park (FY 1994)
120,000
City Hall Renovation
90,000
Tanker Truck
65,000
Total
$805,000
Expended
Percent
this
Expended
Remaining
of Budget
Percent
Quarter
to Date
Encumbrances
Budget
Expended
Complete
$153,782
$200,963
$272,908
$56,129
37.9%
50%
0
32,963
0
87,037
27.5%
25%
0
0
0
90,000
0.0%
0%
64,375
64,375
0
625
99.0%
100%
$218,157
$298,301
$272,908
$233,791
37.1%