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Owasso staff seek carryover approval: city ~$2.5M, half‑penny ~$2.6M, OPWA ~$40M expenditures
Summary
Finance staff presented fiscal‑year carryover requests across city funds, OPWA and OPGA, citing open purchase orders and incomplete capital projects as the primary causes of roughly $2.5 million in city carryovers and about $40 million in OPWA carryovers tied to unspent debt proceeds.
Finance staff presented the city's proposed fiscal‑year 2024–25 carryover requests and explained the major drivers behind requested balances. The staff presenter said the carryover reports (city, OPWA, OPGA) reflect open purchase orders, ongoing capital projects, and funds where expenditures were not completed before fiscal year end.
Key figures the presenter reviewed include about $2.5 million in requested city expenditure carryovers (of which…
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