HomeMy WebLinkAbout2011 02_OPWA_Adoption of Annual Budget_2011.06.21OWASSO PUBLIC WORKS AUTHORITY
OPWA RESOLUTION NO. 2011 -02
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL
YEAR 2011 -2012 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, 2012 (FY 2011-2012); 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 $36,303,737 and total
departmental appropriations in the amount of $36,303,737 are hereby
established as follows:
Administration
$723,733
Utility Billing
$321,513
Water
$3,655,354
Wastewater Treatment Plant
$956,119
Wastewater Collections
$7,343,107
Refuse
$896,476
Recycle
$325,599
Debt Service
$8,805,836
Interfund Transfers Out
$13,276,000
THAT: The effective date of this Resolution shall be July 1, 2011.
APPROVED AND ADOPTED this 21St day of June, 2011 by the Trustees of the Owasso Public Works
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APPROVED AS TO FORM:
J ie Lombardi, Authority Attorney
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The City Wit out Limits.
TO:
The Honorable Chairman and Trustees
Owasso Public Works Authority
FROM:
Rodney Ray
Authority Manager
SUBJECT:
Resolution No. 2011 -02
FY 2011-2012 Annual Operating Budget
DATE:
June 17, 2011
BACKGROUND:
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 was transmitted for review
on Monday, May 9, 2011. The proposed budget was discussed during the May and June
workesssions. Printed copies of the proposed budget have been available for public viewing at
City Hall and the Owasso Library. In addition, the proposed budget was posted on the City's
website and has been accessed approximately 300 times.
On June 2, 2011, legal notice of a public hearing was published in the Owasso Reporter, and
such hearing was conducted on June 7, 2011. The public hearing provided opportunity for
citizen comment and questions relating to the proposed budget and the City Council heard
from twenty -one residents. A summary of the comments and questions received during the
public hearing were posted on the city's website the following day and notices of the
publication were sent using various forms of social media.
State statutes require adoption of an annual budget through a resolution no later than seven
days prior to the beginning of the new budget year (Title 11, Section 17- 209A). Resolution No.
2011-02 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority.
RECOMMENDATION:
Staff recommends City Council approval of Resolution No. 2011 -02 adopting a Fiscal Year 2011-
2012 budget for the OPWA Fund.
ATTACHMENT:
Resolution No. 2011 -02