HomeMy WebLinkAbout1990.07.09_Sales Tax Watchdog Committee AgendarNOTICE OF PUBLIC MEETING
The Owasso Sales Tax Watchdog Committee will meet in regular
session on Monday, July 9, 1990 at 7:00 PM in the Owasso City Hall
Conference Room located at 207 S Cedar, Owasso, OK.
Notice filed in the office of the City Clerk and posted on the City
Hall bulletin board at 9:00 a.m. on July 3, 1990.
Marc a Boutwell, Committee Secretary
AGENDA
1. Call to Order . . . . . . . . . . . . . . . . . . Mr Philippi
2. Roll Call
3. Request Approval of Minutes of April 9, 1990 . . Mr Philippi
4. Presentation & Discussion of Financial Reports Ms Lambert
5. General Discussion of Projects & Progress Report Mr Ray
6. Request Approval of Completion Report for Rodeo
Grounds Project . . . . . . . . . . . . . . . . . Mr Philippi
Mr Ray
7. Request Approval of Completion Report for Animal
Control Facility . . . . . . . . . . . . . . . . Mr Philippi
Mr Ray
1�
O Sales Tax Watchdog Committee
AGENDA
July 9, 1990
Page 2
8. Consideration & Approval of Quarterly Report for Public
Distribution . . . . . . . . . . . . . . . . . . Mr Philippi
11. Adjourn
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9.
Old
Business . . . . . . . .
. . . . . . . . . . Mr Philippi
10.
New
Business . . . . . . . .
. . . . . . . . . Mr Philippi
11. Adjourn
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Y of Owasso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended June 30, 1990
Expended
Percent
this
Expended
Remaining
of Budget
Percent
PROJECTS
Budget
Quarter
to Date
Budget
Expended
Complete
86th Street Improvements
$2,700,000
$85,814
$2,414,150
$285,850
89.4%
98%
76th Street Improvements
150,000
2,082
2,908
147,092
1.9%
20%
Residential Street Overlay
150,000
58,403
58,403
91,597
38.9%
100%
Main Street Renovation
100,000
0
0
100,000
0.0%
--
Original Town Drainage
500,000
141,238
198,115
301,885
39.6%
25%
North Drainage Study
15,000
3,180
14,869
131
99.1%
100%
Firefighter Radio Equipment
35,000
0
34,781
219
99.4%
100%
Animal Impound Facility
105,000
23,062
105,017
(17)
100.0%
99%
Recreation Center Renovation
33,000
1,234
24,108
8,892
73.1%
90%a
BaseballJSoecerComplex
120,000
765
765
119,235
0.6%
2010
Land for Sports & Drainage
293,792
153
293,782
10
100.0%
100 %n
Rodeo Ground Improvements
2.0,000
3,346
14,975
5,025
74.9%
100%
Total
$4,221,792
$319,277
$3,161,873
$1,059,919
74.9%
City of Owasso
OPWA 1988 Revenue Bonds
Sales Tax Fund
June 30, 1990
Jul 1989
Aug 1989
Sep 1989
Oct 1989
Nov 1989
Dee 1989
Jan 1990
Feb 1990
Mar 1990
Apr 1990
May 1990
Jun 1990
Total
Sales Tax
Available
$26,781.94
23,318.98
37,449.03
29,679.96
27,233.32
35,836.60
25,149.56
34,872.23
29,085.22
21,332.88
34,903.58
33,175.63
$358,818.93
Required
Monthly
$24,524.00
24,524.00
24,524.00
24,524.00
26,858.00
26,858.00
26,858.00
26,858.00
26,858.00
26,858.00
26,858.00
26,858.00
$312,960.00
Excess
(Deficiency)
$2,257.94
(1,205.02)
12,925.03
5,155.96
375.32
8,978.60
(1,708.44)
8,014.23
2,227.22
(5,525.12)
8,045.58
6,317.63
$45,858.93
City of Ouasso
Sales Tax Collections and
Restricted Use of One Percent
For the Fiscal Year Ended June 30, 1989
Nov 1988
Dec 1988
Jan 1989
Feb 1989
Mar 1989
Apr 1989
May 1989
Jun 1989
Three Percent
Sales Tax
Collection
$174,032.42
182,855.51
179,474.94
212,318.76
147,599,88
149,989.27
172,552.20
182,226.10
One Percent
Sales Tax
(1/3)
$58,010.81
60,951.84
59,824.98
70,772.92
49,199,96
49,996.42
57,517.40
60,741.70
• Note: Accumulation begins 09/01/92.
Required for
1983 60 Bond
Debt Service
$38,587.49
38,587.49
38,587.49
38,587.49
38,587.49
38,587.49
38,587.49
38,587.49
Available for
1988 Rev. Bond
Debt Service
$19,423.32
22,364.35
21,237.49
32,185.43
10,612,47
11,408.93
18,929.91
22,154.21
Capital
Future Fund
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-