HomeMy WebLinkAbout1990.04.09_Sales Tax Watchdog Committee AgendaNOTICE OF PUBLIC MEETING
The Owasso Sales Tax Watchdog Committee will meet in regular
session on Monday, April 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 4:00 PM on Thursday, April 5, 1990-
Mar 'a Boutwell, Secretary
AGENDA
1. Call to Order . . . . . . . . . . . . . . . . . . Mr Philippi
2. Roll Call
3. Request Approval of Minutes of January 8, 1990 . Mr Philippi
4. Request for Project Approval - Acquisition of
Sports -Plex Property . . . . . . . . . . . . . . Mr Philippi
5. Presentation & Discussion of Financial Reports Ms Lambert
6. General Discussion of Projects & Progress Report . . Mr Ray
7. Consideration & Approval of Quarterly Report for Public
Distribution . . . . . . . . . . . . . . . . . . Mr Philippi
8.
Old
Business . . . . . . . .
. . . . . . . . . . Mr. Philippi
9.
New
Business . . . . . . . .
. . . . . . . . . Mr Philippi
10. Adjourn
City of (Masso
1988 Revenue Bonds
Project Status Summary Report
For the Quarter Ended March 31, 1990
EXPENDED
PERCENT
THIS
EXPENDED
REMAINING
OF BUDGET
PERCENT
PRGIE -IS
BUDGET
QUARTER
TO DATE
BUDGET
EXPENDED
COMPLETE
86th Street Improvements
$2,700,000
$609,471
$2,328,336
$371,664
86.2%
98%
76th Street Improvements
150,000
638
826
149,174
0.6%
-
Residential Street Overlay
150,000
0
0
150,000
0.0%
-
Main Street Renovation
100,000
0
0
100,000
0.0%
-
Original Town Drainage
500,000
49,630
56,878
443,122
11.4%
16%
North Drainage Study
15,000
3,060
11,689
3,311
77.9%
100%
Firefighter Radio Equipment
35,000
0
34,781
219
99.4%
100%
Animal Impound Facility
105,000
80,135
81,955
23,045
78.1%
90%
Recreation Center Renovation
33,000
18,124
22,874
10,126
69.3%
85%
Baseball/Socoer Complex
12D,000
0
0
120,000
0.0%
2%
Land for Sports & Drainage
293,792
291,387
293,629
163
99.9%
100
Rodeo Ground Improvements
20,000
0
11,629
8,371
58.1%
10(m
Total
$4,221,792
$10_ ,45
$2842597
_
$1,379,195
67.3%
City of Owasso
Sales Tax Collections and
Restricted Use of One Percent
Fiscal Year 1989 -90
Jul 1989
Aug 1989
Sep 1989
Oct 1989
Nov 1989
Dec 1989
Jan 1990
Feb 1990
Mar 1990
Apr 1990
May 1990
Jun 1990
Total
Three Percent
Sales Tax
Collection
$196,109.28
185,719.40
221,109.58
197,802.37
190,462.43
216,272.28
184,211.15
213,379.16
196,018.13
172,761.11
213,473.23
208,289.36
$2,395,607.48
*Note: Accumulation begins 09 /01/92.
One Percent
Sales Tax
(1/3)
$65,369.43
61,906.47
73,703.19
65,934.12
63,487.48
72,090.76
61,403.72
71,126.39
65,339.38
57,587.04
71,157.74
69,429.79
$798,535.51
Required for
1983 GO Bond
Debt Service
$38,587.49
38,587.49
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
36,254.16
$439,716.58
Available for
1988 Rev. Bond
Debt Service
$26,781.94
23,318.98
37,449.03
29,679.96
27,233.32
35,836.60
25,149.56
3872.23
29,085.22
21,332.88
34,903.58
33,175.63
$35818.93
Capital
Future Fund*
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-