HomeMy WebLinkAbout1992.04.13_Sales Tax Watchdog Committee AgendaNOTICE OF PUBLIC MEETING
The Owasso Sales Tax Watchdog Committee will meet in regular session on Monday, April 13,
1992 at 6:00 PM in the Council Chambers of the Owasso Community Center located at 301 S.
Cedar, Owasso, OK.
Notice filed in the office of the City Clerk and posted on the City Hall bulletin board at 5:00
p.m. on Thursday, April 9, 1992.
Krantz, Secietary
AGENDA
1. Call to Order ............................................. ............................... Mr. Philippi
2. Roll Call
r3. Consideration to Approve Minutes of January 13, 1992 ......................Mr. Philippi
4. Presentation & Discussion of Financial Reports ........ ............................Ms. Bishop
5. Consideration & Approval of Quarterly Report for Public Distribution ....... Mr. Philippi
Lel
Sales Tax Watchdog Committee Agenda
April 13, 1992
Page 2
O6. General Discussion of Projects & Progress Report ...... ............................Mr. Ray
7. Old Business ................................................ ............................Mr. Philippi
8. New Business ............................................... ............................Mr. Philippi
9. Request for Items for Next Agenda ..................... ............................Mr. Philippi
10. Adjourn
City of Owasso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended March 31,1992
Expended
Percent
this
Expended
Remaining
of Budget
Percent
PROJECT'S
Budget
Quarter
to Date
Encumbrances
Budget
Expended
Complete
86th Street Improvements
$2,753,383
$0
$2,749,519
$0
$3,864
99.9%
100%
76th Street Improvements
150,000
0
33,354
0
116,646
22.2%
25%
Residential Street Overlay
150,000
0
126,135
0
23,865
84.1%
99%
Main Street Renovation
106,667
37,025
103,927
300
2,440
97.4%
100%
Original Town Drainage
500,000
1,180
305,901
0
194,099
61.2%
60%
North Drainage Study
15,000
0
14,869
0
131
99.1%
100%
Firefighter Radio Equipment
35,000
0
34,781
0
219
99.4%
100%
Animal Impound Facility
105,000
0
105,224
0
(224)
100.2%
100%
Recreation Center Renovation
33,000
0
32,980
0
20
99.9%
100%
Baseball /Soccer Complex
367,000
151,411
337,083
520
29,397
91.8%
100%
Land for Sports & Drainage
293,792
0
293,782
0
10
100.0%
100%
Rodeo Ground Improvements
20,000
0
14,975
5,000
25
74.9%
100%
Fire Station
138,250
0
0
0
138,250
0.0%
0%
Project Management
60,000
9,941
33,638
0
26,362
56.1%
75%
Total
$4,727,092
$199,557
$4,186,168
$5,820
535,104
88,6%
City of Owasso
Sales Tax Collections and
Restricted Use of One Percent
Fiscal Year 1991 -92
Jul -91
Aug -91
Sep -91
Oct -91
Nov -91
Dec -91
Jan -92
Feb -92
Mar -92
Apr -92
May -92
Jun -92
Three Percent One Percent Required for
Sales Tax Sales Tax 1983 GO Bond
Collection (1/3) Debt Service
$232,319.96 $77,439.99 $33,891.66
255,548.87
233,507.42
250,610.79
226,418.19
225,261.03
258,913.46
250,669.99
248,135.12
222,839.40
247,611.60
236,289.73
85,182.96
77,835.81
83,536.93
75,472.73
75, 087.01
86,304.49
83, 556.66
82,711.71
74,279.80
82,537.20
78,763.24
$33,891.66
31,529.16
31,529.16
31,529.16
31,529.16
31,529.16
31,529.16
31,529.16
31,529.16
31, 529.16
31,529.16
Available for
1988 Rev. Bond
Debt Service
$43,548.33
51,291.30
46,306.65
52,007.77
43,943.57
43,557.85
54,775.33
52, 027.50
51,182.55
42,750.64
51,008.04
47,234.08
Capital
Future Fund*
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
Total $2,888,125.56 $962,708.52 $383,074.92 $579,633.60 $0.00
*Note: Accumulation begins 09/01/92.
Required for
1988 Rev. Bond
Debt Service
$32,905.75
32,905.75
32, 905.75
32,905.75
40,300.00
40,300.00
40,300.00
40,300.00
41,300.00
41,300.00
41,300.00
41,300.00
$458,023.00
Excess
(Deficiency)
10, 642.58
18,385.55
13,400.90
19,102.02
3,643.57
3,257.85
14,475.33
11,727.50
9,882.55
1,450.64
9,708.04
5,934.08
$121,610.60