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OWASSO PUBLIC WORKS AUTHORITY
OPWA RESOLUTION NO. 2010-03
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL
BUDGET FOR FISCAL YEAR 2010 -2011 FOR THE OWASSO PUBLIC
WORKS AUTHORITY.
WHEREAS: The Owasso Public Works Authority was created as a Title 60 Public
Trust; and
WHEREAS: The Authority Manager has prepared a budget for the fiscal year ending
June 30, 2011 (FY 2010- 2011); and
WHEREAS: The budget has been formally presented to the Trustees at least 30 days
prior to the start of the fiscal year; and
WHEREAS: Certain budget filing requirements are mandated by State Statutes.
NOW THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO
PUBLIC WORKS AUTHORITY:
THAT: Total resources available in the amount of $39,734,317 and total
departmental appropriations in the amount of $39,594,939 are hereby
established as follows:
Administration
$642,626
Utility Billing
$336,678
Water
$3,079,002
Wastewater Treatment Plant
$8,063,109
Wastewater Collections
$5,594,071
Refuse
$866,414
Recycle
$245,163
Debt Service
$8,482,076
Interfund Transfers Out
$12,285,800
THAT: The effective date of this Resolution shall be July 1, 2010.
APPROVED AND ADOPTED this 15`x' day of June, 2010 by the Trustees of the Owasso Public
Works Authority.
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MEMORANDUM
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO PUBLIC WORKS AUTHORITY
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER
SUBJECT: RESOLUTION NO. 2010-03
FISCAL YEAR 2010 -2011 BUDGET
DATE: June 11, 2010
BACKGROUND:
APPROVED BY TRUSTBBS
JUN 17 1010
Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund,
OPWA Fund, OPGA Fund and other funds has been developed and transmitted for your review.
On May 27, 2010, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 1, 2010. The public hearing provided opportunity for
citizen comment and questions relating to the proposed budget. In addition, copies of the
proposed budget have been available for public review.
State statutes require adoption of an annual budget by resolution. OPWA Resolution No. 2010-
03 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority with
total resources (fund balance, revenues and transfers in) of $39,734,317 and total appropriations
by department of $39,594,939.
RECOMMENDATION:
The staff recommends Trustee approval of Resolution No. 2010 -03 adopting a fiscal year 2010-
2011 budget for the OPWA.
ATTACHMENT:
Resolution No. 2010 -03