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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 about $617,000 were open purchase orders and about $1.1 million were projects not yet started as of June 30); approximately $2.6 million in half‑penny fund carryover (including about $396,000 in open purchase orders and $1.4 million in projects not yet started); and OPWA requested expenditure carryover of roughly $40 million with $36 million in revenue carryover. Staff explained the majority of the OPWA amounts represent unspent debt proceeds for capital projects: approximately $33 million in transfers of debt proceeds, $2.8 million in open purchase orders and about $4.5 million in capital projects not yet started.
The presenter said the ambulance fund requests relate to fire station renovations, medic repairs and a vehicle purchase; E‑911 requests were for computer equipment and training; stormwater and other funds reflected timing differences for planned capital spending. Staff said approval of carryover does not reduce estimated fund balances for 6/30/2026 because budget assumptions assumed full expenditure of current-year budgets. Staff plans to bring the carryover item back to the council next week for proposed action.
What happens next: staff will present formal carryover resolutions at the next council meeting for council action; the reported numbers are carryover requests based on open POs and capital‑project timing.
