FY2025 –FY2026
Mayor and City Council
Mayor W. Patrick Cale
Deputy Mayor Derrick Reed (Ward III)
Shirley Hilton -Flanary (Ward I)
Mike Brawley (Ward I)
Jaime Stout (Ward II)
Dan Hall (Ward II)
Melody Cranford (Ward III)
Tracy Hoos (Ward IV)
Tom Martindale (Ward IV)
The mission of the City of Muskogee is:
"It is a privilege to make our neighbors' lives better every day."
May 22, 2025
Honorable Mayor Cale and City Council:
My team and I are pleased to recommend the City of Muskogee’s FY 2025-2026 Operating Budget and Capital Improvement Program. In addition to the team’s normal day-to-day maintenance, upkeep and providing safety and welfare to the public, this budget continues to reflect the priorities outlined in the city’s strategic plan and fully funds all recommended programs.
In FY2026, we continue our fiscally conservative approach by budgeting expenditures below projected revenues, avoiding the use of reserves for operations. With sales tax collections currently down nearly 1% year-to-date, we have closely monitored spending throughout the year.
As a result, this year’s budget focuses on aligning resources with key strategic initiatives. Major priorities include street and infrastructure improvements, city image enhancement, housing, economic development, tourism, public safety, and employee compensation.
The FY2026 budget includes several key funds, totaling $309,034,726.44, as follows:
- General Fund: $44,337,050
- Special Revenue & Capital Projects Funds: $30,439,946
- Enterprise Funds: $3,187,279
- Internal Service Funds: $8,576,549
-Sinking Fund: $655,000
In addition, the following trust authority funds are also utilized:
- Muskogee Municipal Authority (Water & Sewer): $101,386,880
- Muskogee Parking Authority Trust: $50,000
As with any forecast, our revenue projections include a degree of uncertainty. For FY2026, we anticipate relatively flat sales tax revenue, our largest single revenue source, consistent with trends observed over the past 12 months.
We also project an increase in utility revenue to the General Fund, based on historical trends, and higher interest earnings due to prevailing market conditions.
The FY2026 budget reflects known and anticipated expenditures, guided by the principle of reducing non-personnel operating costs by 2.25%. This reduction allows for reinvestment into strategic priorities during a year of limited revenue growth.
Key cost drivers include rising health care premiums (fully covered by the city), increased utility and credit card processing fees, and inflation particularly in areas tied to infrastructure projects.
We remain committed to prudent spending. If unforeseen expenses arise, staff will work collaboratively with the City Council to identify solutions within the existing budget framework.
Key highlights of the FY2026 budget include:
- Continued investment in street improvement projects
- Funding for water quality and line replacement
- Design and construction funding for a new wastewater treatment plant
- Dedicated funding for tourism and promotion
- Support for public safety priorities
- Significant enhancements to facility maintenance and capital improvements
It is an honor to join the City of Muskogee as your new City Manager. While I am still getting to know the city, I am encouraged by the direction we are heading. This budget reflects a strong fiscal foundation and a clear commitment to long-term growth and community well-being. I am grateful for the Council’s leadership and support as we take important steps toward a vibrant future for Muskogee.
Sincere thanks go to our department heads and support staff for their commitment throughout this process. Special recognition is due to former Assistant City Manager /Interim City Manager Roger Kolman, Treasurer Dennis Read, and Deputy Treasurer Alicia Glanz, whose hard work and expertise were vital to the preparation of this budget.
Sincerely,
Kendal Francis City Manager
On April 22, 2025, the Muskogee City Council held an all-day strategic planning retreat at the MuskogeeDavis Regional Airport. During this session, the Council identified five key strategic initiatives and directed staff to align future budgets and capital improvement plans accordingly. These strategic priorities are as follows:
1. Streets and Infrastructure
2. Public Image
3. Economic Development
4. Housing
5. Tourism
Of these, Streets and Infrastructure emerged as the clear top priority, followed by Public Image The remaining initiatives Economic Development, Housing, and Tourism also received strong support.
The FY 2026 Budget transforms these strategic goals into an actionable framework, ensuring city resources are directed toward our highest community priorities.
More than $10 million has been allocated to street improvements. Major projects include:
• Rehabilitation and repair of streets in the city’s southeast quadrant
• Stormwater and roadway upgrades on North and South Country Club Road
• Our largest outside water line repair contract to date
• $3 million dedicated to water and sewer infrastructure enhancements
• Continued progress on over $45 million in capital projects, including upgrades to the water treatment plant, pollution control plant, and water line collection systems
• Design and construction funding for a new wastewater treatment plant
The budget supports initiatives to strengthen Muskogee’s image and highlight our community’s accomplishments. Funding includes:
• Additional mowing equipment for city parks and rights-of-way
• Expanded outreach and educational materials to promote civic pride and community engagement
The City will again allocate $1.5 million in use tax revenue for economic development, with 40% committed to direct project incentives. Additional economic development efforts include:
• Continued partnerships with the Port of Muskogee and Main Street Muskogee
• Long-range planning to eliminate food deserts and grow retail in south Muskogee
• Leveraging public-private partnerships and state and federal grant programs
A University of Oklahoma study revealed that the average home in Muskogee is over 50 years old and the city needs to build approximately 300 new homes annually to maintain housing levels. In response, the FY 2026 Budget includes:
• Housing incentives and matching funds for state housing grants
• Support for land banking and infill development to revitalize aging neighborhoods
In FY 2026, all hotel/motel tax revenues will be strategically allocated to support local tourism initiatives. The City will continue its commitment to promoting Muskogee as a destination by funding key tourism partners such as:
• Oklahoma Music Hall of Fame
• War Memorial Park
• Three Rivers Museum
• And other attractions that enhance the cultural and economic vitality of Muskogee
These investments aim to boost tourism, strengthen community identity, and increase regional visibility.
The budget and strategic plan reflect our commitment to progress and quality of life improvements for our citizens. We appreciate your continued support in advancing Muskogee’s future.
Sec. 2-550. Budget preparation.
The city manager shall prepare and present for city council approval the city's annual operating budget and capital program in accordance with the City of Muskogee Charter Section 3:04(5) and O.S., Title 11, § 17-201 et seq.
(Ord. No. 3830-A, § 1, 8-24-2009)
Sec. 2-551. Definitions.
As used in this article:
Account means an entity for recording specific revenues or expenditures, or for grouping related or similar classes of revenues and expenditures and recording them within a fund or department.
Appropriated fund balance means any fund balance appropriated for a fund for the budget year.
Appropriation means an authorization to expend or encumber revenues and fund balance of a fund.
Budget means a plan of financial operations for a fiscal year, including an estimate of proposed expenditures for given purposes and the proposed means for financing them.
Budget report means a tabular listing of revenues by source and expenditures by fund and by department within each fund for the budget year.
Budget year means the fiscal year for which a budget is prepared or being prepared.
Current year means the year in which the budget is prepared and adopted, or the fiscal year immediately preceding the budget year.
Department means a functional unit within a fund which carries on a specific activity, such as the fire department or public works department within the general fund.
Emergency means conditions resulting from a sudden unexpected happening or unforeseen occurrence or condition whereby the public health or safety is endangered caused by a "manmade disaster" meaning a disaster caused by acts of man including, but not limited to: an act of war, terrorism, chemical spill or release, or power shortages that require assistance from outside the City of Muskogee or a "natural disaster" meaning any natural catastrophe, including, but not limited to, a tornado, severe storm, high water, flood waters, wind -driven water, earthquake, landslide, mudslide, snowstorm, or drought which causes damage of sufficient severity and magnitude to warrant hazard mitigation or the use of resources beyond the resources of the city to alleviate the damage, loss, hardship or suffering caused thereby.
Estimated revenue means the amount of revenues estimated to be received during the budget year in each fund for which a budget is prepared.
Excess revenues or unrestricted surplus means that amount of actual revenues exceeding actual expenditures from the previous fiscal year.
Expenditure of city funds means the disbursement of city funds, whether appropriated or non-appropriated, excluding the transfer of funds between two or more departments or city agencies.
Muskogee, Oklahoma, Code of Ordinances
Created: 2025-02-27 17:26:08 [EST] (Supp. No. 25)
Fiscal year means the annual period for reporting fiscal operations which begins and ends on dates as the Legislature provides or as provided by law.
Fund means an independent fiscal and accounting entity with a self-balancing set of accounts to record cash and other financial resources, together with all liabilities, which are segregated for the purpose of carrying on specific activities or attaining certain objectives.
Fund balance means the excess of a fund's current financial assets over its current liabilities and encumbrances, as reflected by its books of account.
Minimum fund balance means five percent of the stabilization fund
Operating reserve account means the "unrestricted reserve" portion of the general fund balance which has been accumulated from unrestricted surpluses which is not less than $1,000,000.00 and is available in the current fiscal year for uses needed to absorb or respond to temporary changes in the financial environment or circumstances such as unbudgeted increases in operating expenses and/or losses in operating revenues.
Stabilization account means the "restricted reserve" portion of the general fund balance which has been appropriated as a restricted reserve in a budget year. As a financial benchmark, the stabilization account beginning fiscal year 2019 contained a balance of $3,500,000.00.
Website means the City of Muskogee internet home page found at http://www.muskogeeonline.org.
(Ord. No. 3830-A, § 1, 8-24-2009; Ord. No. 3971-A, § 1, 7-7-2015; Ord. No. 4056-A, § 1, 10-22-2018; Ord. No. 4079A, § 1, 10-14-2019)
Sec. 2-552. Restricted budgeted funds; excess revenue accounting.
(a) On November 1 of each year, the treasurer shall report prior fiscal year revenues and expenses to the city manager. Any such revenues that remain in the general fund after expenses are paid shall be deemed excess revenue and shall be utilized and accounted for as follows:
(1) If the operating reserve account balance as of November 1 is less than $1,000,000.00 for the current fiscal year, excess revenues will be placed in the operating reserve to meet the minimum balance.
(2) If the stabilization account balance as of November 1 is less than 20 percent of the budgeted general fund revenues for the current fiscal year, then 75 percent of excess revenues, after operating reserve minimum is met, shall be placed in the stabilization account.
(3) If 75 percent of excess revenues exceeds the targeted 20 percent of budgeted general fund revenues for the current fiscal year, then just that amount to achieve the target may, by vote of the city council, be placed into the stabilization account. The remaining excess revenues or 25 percent of excess revenues, whichever is greater, shall be placed into the special project fund created by Resolution 2742, as may be amended from time to time.
(4) If the stabilization account is at or above 20 percent of the budgeted general fund revenues for the current fiscal year, then such amount of excess revenue necessary to increase the stabilization account by one percent shall be placed in the stabilization account, after operating reserve minimum is met. All other remaining excess revenue shall be placed into the special project fund created by Resolution 2742.
(5) If the stabilization account reaches 30 percent of the budgeted general fund revenues for the current fiscal year, then all excess revenue shall either be placed into the special project fund or allocated to such other necessary purposes as the city council may determine.
Created: 2025-02-27 17:26:08 [EST] (Supp. No. 25)
(b) Stabilization account funds set aside in the city budget as "restricted reserve" may be expended only when certain specific circumstances exist. The circumstances requiring the expenditure of stabilization account funds are not expected to recur on a routine basis. The circumstances when it is necessary to appropriate or spend stabilization amounts are subject to the objective criteria outlining the parameters of acceptable uses of stabilization funds are as follows and must be declared by a two-thirds majority vote of all of the members of the governing body establishing that one or more of the criteria listed below exists:
(1) Expenditures for emergency situations as defined above for life, health, or public safety issues for which no existing appropriation exists;
(2) Situations where an expense or unexpected revenue decline or shortfall, in excess of a specified amount or percentage, arises that could not have reasonably been foreseen, and for which new revenue is not available to offset and transfers of existing appropriations are not considered feasible or appropriate in maintaining existing service levels;
(3) Situations where amounts retained exceed established minimum levels and the proposed use is of a nonoperational nature involving capital or equipment purchases having a useful life of greater than five years;
(4)Situations where amounts retained exceed established minimum levels and the proposed use is of a nonrecurring nature, such as a study, for start-up costs of a program whose ongoing costs are otherwise funded, or to eliminate a significant financial liability of the city;
(5) To temporarily satisfy a judgment from a court of competent jurisdiction that will be reimbursed from property tax levies.
(c) Minimum fund balance amounts may be expended only under specific limited circumstances. The circumstances when it is necessary to appropriate or spend "minimum fund balance" amounts, even in circumstances where the amounts on hand may fall shy of established minimum levels are set out below. The circumstances when it is necessary to appropriate or spend minimum fund balance amounts are subject to the objective criteria outlining the parameters of acceptable uses of the funds are as follows:
(1) Expenditures for emergency situations as defined above for life, health, or public safety issues for which no existing appropriation exists;
(2) Situations where an expense or unexpected revenue decline or shortfall, in excess of a specified amount or percentage, arises that could not have reasonably been foreseen, and for which new revenue is not available to offset and transfers of existing appropriations are not considered feasible or appropriate in maintaining existing service levels;
(3) Correcting the results of an accounting or budgeting error.
(Ord. No. 3830-A, § 1, 8-24-2009; Ord. No. 3960-A, § 1, 12-2-2014; Ord. No. 4056-A, § 2, 10-22-2018; Ord. No. 4079-A, § 2, 10-14-2019)
Editor's note(s) Ord. No. 4056-A, § 2, adopted Oct. 22, 2018, changed the title of § 2-552 from "Restricted budgeted funds" to read as herein set out.
(a) The city "website" shall include among other information as required by the city council and state statute the approved current fiscal year's budget of the city. The website shall also have available to the public the previous five years approved fiscal year budgets.
Created: 2025-02-27 17:26:08 [EST] (Supp. No. 25)
(b) At least quarterly the city treasurer shall have posted on the website a budget report for the current calendar quarter as well as fiscal year to date by department or fund as appropriate. On receipt and posting of the audited and approved financial statement the previous year's budget summaries may be deleted.
(c) The city treasurer shall make available, on request, those records required by the Oklahoma Open Records Act to be made public and if available, an itemized accounting of expenditures by department or agency.
(d) The city treasurer shall cause the city's audited financial statement to be included on the website within 30 days of its acceptance by the city council.
(Ord. No. 3830-A, § 1, 8-24-2009)
Sec. 2-554. Confidential information.
Nothing in this article shall require the disclosure of information required to be held as confidential information by either state or federal law.
(Ord. No. 3830-A, § 1, 8-24-2009)
Created: 2025-02-27 17:26:08 [EST]
(Supp. No. 25)
The General Fund, also known as the General Government fund, allows for the expenditure of funds utilized in the day-to-day operations of City government not directly attributable to any single department. Examples of such expenditures include, but are not limited to, City facility utilities, elections, copying expense, postage, insurance and professional and technical services. This budget also covers expenditures for outside contractors like Muskogee County Transit, and the E911 Center.
GENERAL FUND REVENUES:
ACCOUNT NUMBER ACCOUNT DESCRIPTION
100-0000-310.10-00 SALES TAXES
100-0000-310.10-10 CIGARETTE TAXES
100-0000-310.15-00 USE TAXES
100-0000-310.20-10 OG&E
100-0000-310.20-11 EAST CENTRAL ELECTRIC
100-0000-310.20-20 ONG
100-0000-310.20-30 TELEPHONE
100-0000-310.20-35 UNITE PRIVATE NETWORKS
100-0000-310.20-36 PINNACLE/DOBSON
100-0000-310.20-40 CABLEVISION
100-0000-310.50-00 BEVERAGE
100-0000-320.10-00 BUILDING PERMITS
100-0000-320.20-00 BUSINESS LICENSE
100-0000-320.90-00 OTHER LICENSES/FEES
100-0000-331.10-10 OCDETF POLICE OVERTIME -$
100-0000-334.10-00 STATE GRANTS
100-0000-334.15-00 FEMA REIMBURSEMENTS -$
100-0000-335.15-00 FOUNDATION GRANT
100-0000-335.16-00 MUSK MEDICAL FOUNDATION
100-0000-340.10-00 WATER REVENUE 7,550,000.00 $ $7,875,000.00
100-0000-340.20-00 SEWER REVENUE 4,386,000.00 $ $4,950,000.00
100-0000-340.30-00 PENALTIES
100-0000-340.40-00 RECONNECT FEES
$ $350,000.00
$ $230,000.00
100-0000-341.10-00 SOLID WASTE REVENUE 3,394,700.00 $ $3,400,000.00
100-0000-341.30-00 PENALTIES
100-0000-350.10-00 FINES AND FORFEITURES 1,000,000.00 $ $607,000.00
100-0000-350.30-00 PARKING METERS & FINES
100-0000-350.35-00 SHERIFF'S FEES
100-0000-361.10-00 INTEREST REVENUE
100-0000-363.10-00 PROPERTY RENTAL
100-0000-363.30-00 SANITARY LANDFILL
100-0000-363.90-00 OTHER
100-0000-365.10-00 CONTRIBUTIONS & DONATIONS
100-0000-390.10-00 CEMETERY RECEIPTS
100-0000-390.16-00 MUSK HOUSING AUTHORITY
100-0000-390.20-00 SALE OF SURPLUS MATERIALS
100-0000-390.22-00 POLICE SUPPORT HILLDALE
100-0000-390.40-00 ADMIN FEES
100-0000-390.45-00 DAMAGE RECOVERIES
100-0000-390.60-00 CASH OVER/SHORT
100-0000-390.67-00 REBATES
100-0000-390.90-00 OTHER MISC INCOME -$ *GENERAL FUND
$ $44,337,050.00
General Fund Expenses:
100-1010-411.23-00
100-1010-411.30-10
100-1010-411.31-15
100-1010-411.31-20
100-1010-411.35-20 MEMBERSHIPS, DUES & SUBSC
100-1010-411.35-40 FINES AND PENALTIES
100-1010-411.41-10 COMMUNICATIONS
100-1010-411.48-15 RENTAL
100-1010-411.52-90 MISC OPERATING SUPPLIES $8,000.00 $8,000.00
100-1010-411.64-60 COMPUTER HARDWARE/SOFTWRE
100-1010-411.65-00 FURNITURE AND FIXTURES
100-1010-411.70-20 INTEREST
100-1010-411.90-25 MARTIN LUTHER KING CENTER $145,000.00 $145,000.00
100-1010-411.90-45 SPORTS FACILITES TRANSFER $265,000.00 $150,000.00
100-1010-411.90-60 MUSKOGEE COUNTY TRANSIT
100-1010-491.92-11 TRANS TO STREET & ALLEY $350,000.00 $600,000.00
100-1010-491.92-15 TRNS TO SPECIAL PROJECTS
100-1010-491.92-24 TRANS TO E -911
100-1010-491.92-26 TRANS TO CDBG
100-1010-491.92-39 TRANS TO JOB INCENTIVES $1,500,000.00 $1,500,000.00
100-1010-491.92-55 TRANS TO ANIMAL ADOPTION $20,000.00
100-1010-491.92-71 TRANS TO YOUTH PROGRAMS $150,000.00
100-1010-491.95-00 TRANSFER MMA CAPITAL $495,613.00
100-1010-491.95-30 TRANS TO CIVIC CENTER $435,000.00 $300,000.00
100-1010-491.95-50 TRF TO SWIM FITNESS CTR $291,000.00 $241,000.00
100-1010-491.97-42 TRANS TO LIFE & MEDICAL $1,071,000.00 GENERAL GOVERNMENT TOTAL: $8,731,125.00 $5,994,472.00
100-1510-413.11-00 REGULAR WAGES
100-1510-413.12-00 OVERTIME 100-1510-413.21-00
100-1510-413.25-00
100-1510-413.35-20 MEMBERSHIPS, DUES & SUBSC
100-1510-413.39-90 CONTRACT SERVICES
100-1510-413.41-20 POSTAGE AND FREIGHT
100-1510-413.52-30 OFFICE SUPPLIES
100-1510-413.65-00 FURNITURE & FIXTURES CITY MANAGER TOTAL:
100-1515-413.35-20
100-1515-413.52-33
100-1520-413.25-00
100-1520-413.52-90
100-2010-413.12-00
100-2010-413.21-00
100-2010-413.31-10
100-2010-413.41-20
100-2020-413.12-00 OVERTIME
100-2020-413.18-00
100-2020-413.25-00
100-2020-413.35-10
100-2020-413.43-10
100-2020-413.46-30
100-2020-413.65-00 FURNITURE & FIXTURES REVENUE TOTAL:
100-2510-419.21-00
100-2510-419.22-00
100-2510-419.52-30
100-3010-415.21-00 FICA/MEDICARE
100-3010-415.22-00 PENSIONS
100-3010-415.35-10
100-3010-415.52-30 OFFICE SUPPLIES
100-3010-415.52-90 MISCELLANEOUS EXPENSES
100-3510-415.25-00
100-3510-415.35-30 PRINTING AND BINDING
100-3510-415.39-90
100-3510-415.41-20 POSTAGE AND FREIGHT
100-3510-415.52-40 JANITORIAL SUPPLIES
100-3510-415.52-90 MISCELLANEOUS EXPENSES
100-4010-419.46-30
100-4010-419.64-60 COMPUTR HARDWARE/SOFTWARE
100-4010-419.65-00 FURNITURE AND FIXTURES
100-4510-419.22-00
100-4510-419.35-10
100-4510-419.35-20
100-4510-419.39-90
100-4510-419.41-20
100-5010-421.18-00
100-5010-421.52-10
100-5050-421.12-00
100-5050-421.18-00
100-5050-421.23-00
100-5050-421.24-00
100-5060-441.18-00
100-5060-441.24-00
100-5070-421.18-00
100-5070-421.25-00
100-5070-421.43-10
100-5070-421.53-25
100-5070-421.65-00
100-5540-422.18-00
100-5540-422.24-00
100-5540-422.46-55
100-5540-422.52-90
100-6010-430.12-00 OVERTIME
100-6010-430.18-00 UNIFORM & CLOTHING ALLOW
PENSIONS
100-6010-430.23-00 GROUP INSURANCE
100-6010-430.24-00 WORKERS COMPENSATION
100-6010-430.25-00 UNEMPLOYMENT INSURANCE
100-6010-430.35-10
100-6010-430.35-15 MEALS
100-6010-430.52-51
100-6020-441.18-00
100-6020-441.24-00
100-6020-441.52-90
100-6030-431.12-00 OVERTIME
100-6030-431.18-00
100-6030-431.25-00
100-6030-431.43-10 UTILITIES
100-6030-431.43-20 LIGHTS AND WHITEWAY
100-6030-431.49-20 PROPERTY DAMAGES
100-6030-431.52-40 JANITORIAL SUPPLIES
100-6030-431.52-50 GAS, OIL AND GREASE
100-6030-431.52-70 SMALL TOOLS, MINOR EQUIP
100-6040-431.12-00
100-6040-431.18-00
100-6040-431.24-00
100-6050-432.23-00
100-6050-432.24-00
100-6050-432.35-50
100-6050-432.39-90
100-6060-430.12-00
100-6060-430.18-00
100-6060-430.24-00
100-6060-430.25-00
100-6510-430.12-00 OVERTIME
100-6510-430.18-00
100-6510-430.24-00
100-6510-430.25-00
100-6510-430.41-20
100-6510-430.65-00
100-6530-461.18-00
100-6530-461.52-50
100-6530-461.65-00
100-6540-461.18-00
100-6540-461.24-00
100-6540-461.25-00
100-6550-432.24-00
100-7010-463.12-00 OVERTIME
100-7010-463.18-00
100-7010-463.24-00
100-7010-463.25-00
100-7010-463.35-20
100-7010-463.41-20
100-7010-463.52-30 OFFICE SUPPLIES
100-7010-463.52-90
100-7020-424.12-00
100-7020-424.18-00
100-7020-424.52-90
100-7020-424.65-00
100-7030-424.12-00 OVERTIME
100-7030-424.18-00 UNIFORM & CLOTHING ALLOW
100-7030-424.34-20
100-7030-424.35-10
100-7030-424.41-20 POSTAGE AND FREIGHT
100-7030-424.52-30 OFFICE SUPPLIES $1,900.00 $2,000.00
100-7030-424.52-90
100-7510-451.12-00
100-7510-451.18-00
100-7510-451.24-00
100-7510-451.25-00
100-7510-451.52-40
100-7510-451.52-90
RECREATION
100-7520-452.52-90
100-8010-452.18-00
100-8010-452.24-00
100-8010-452.52-30
100-8010-452.52-90
EXPENSE:
200-5050-421.64-50
The Capital Outlay-Police is a permanent sales tax for capital purchases for the Police Department. This represents 3.33% of the 2004 dedicated sales tax for the city.
REVENUE: ACCOUNT NUMBER ACCOUNT DESCRIPTION
201-0000-310.10-00 SALES TAXES
201-0000-331.10-00 FEDERAL GRANTS
201-0000-334.10-00 STATE GRANTS
201-0000-335.15-00 FOUNDATION GRANT
201-0000-335.16-00 MUSK MEDICAL FOUNDATION
201-0000-361.10-00 INTEREST REVENUE
EXPENSE: ACCOUNT NUMBER ACCOUNT DESCRIPTION
201-1010-430.70-20 INTEREST
201-5010-421.64-50 NEW EQUIPMENT $35,000.00
201-5010-421.70-10 PRINCIPAL
201-5050-421.64-10 VEHICLES
NEW EQUIPMENT
The Capital Outlay-Fire is a permanent sales tax for capital purchases for the Fire Department. This represents 3.33% of the 2004 dedicated sales tax for the city.
REVENUE:
EXPENSE:
202-0000-310.10-00 SALES TAXES
202-0000-331.10-00 FEDERAL GRANTS
202-0000-361.10-00 INTEREST REVENUE
202-0000-390.45-00 DAMAGE RECOVERIES TOTALS:
202-5510-422.61-70 FIRE STATION
202-5510-422.64-10 VEHICLES
202-5510-422.64-50 NEW EQUIPMENT
202-5510-422.64-60 COMPUTR HARDWARE/SOFTWARE
202-5540-422.46-55 UPKEEP QUARTERS
The Capital Outlay-Non-Uniform is a permanent sales tax for capital purchases of Non-Uniformed Departments. This represents 3.33% of the 2004 dedicated sales tax for the city.
REVENUE:
EXPENSE:
NUMBER ACCOUNT DESCRIPTION
203-0000-310.10-00 SALES TAXES
203-0000-331.10-00 FEDERAL GRANTS
203-0000-361.10-00 INTEREST REVENUE TOTALS:
203-1010-411.39-90 CONTRACT SERVICES
203-4010-419.64-60 COMPUTR HARDWARE/SOFTWARE
203-5070-421.64-50 NEW EQUIPMENT
203-6010-430.46-25 BUILDING AND GROUNDS $25,000.00
203-7510-451.39-90 CONTRACTURAL SERVICES
203-7510-451.62-40 PARKS AND RECREATION $35,000.00
203-7510-451.62-51 PARKING LOT IMPROVEMENTS
203-7510-451.64-10 VEHICLES $50,000.00
203-7510-451.64-50 NEW EQUIPMENT $50,000.00
203-7520-452.64-50 NEW EQUIPMENT
$60,000.00 TOTALS: $470,000.00 $632,400.00 Capital Outlay - Non-Uniform
The Community Clean Up Fund provides revenue to the City Wide Cleanup Program of the Public Works Department, which provides bulk item pick up from households across the city and funds the City’s Free Dump Days at the city landfill. This fund is primarily funded through weed abatement and a transfer from the General Fund.
Street and Alley
The Street and Alley Fund provides revenue to fund street maintenance and improvements by the Public Works Department. The fund is primarily funded by state taxation on motor vehicles, commercial vehicles, and gasoline sales.
REVENUE: ACCOUNT NUMBER ACCOUNT DESCRIPTION
GASOLINE TAX
211-0000-310.60-00 COMMERCIAL VEHICLE
211-0000-361.10-00 INTEREST REVENUE
211-0000-390.45-00 DAMAGE RECOVERIES
211-0000-390.90-00 OTHER MISC INCOME 211-0000-391.91-00 TRANSFER FROM GEN FUND
$ ACCOUNT NUMBER ACCOUNT DESCRIPTION
211-6030-431.39-90 CONTRACT SERVICES
211-6030-431.43-20 LIGHTS AND WHITEWAY
211-6030-431.46-40 TRAFFIC SIGNALS
211-6030-431.48-10 EQUIPMENT RENTAL
211-6030-431.52-90 MISC OPERATING SUPPLIES
211-6030-431.64-50 NEW EQUIPMENT $5,391.00 TOTALS: $530,200.00 $918,121.00
The Capital Outlay Fund provides revenue to
213-1010-411.30-35
213-1010-411.64-50
213-1520-413.61-00
213-5060-441.64-10 VEHICLES
213-5070-421.64-50 NEW EQUIPMENT
213-5510-422.64-10 VEHICLES
213-6010-430.61-00 BUILDINGS & IMPROVEMENTS
213-6010-430.64-50 NEW EQUIPMENT
213-6010-430.64-60 COMPUTER HARDWARE/SOFTWRE
213-6010-430.65-00 FURNITURE & FIXTURES
213-6020-441.61-00 BUILDINGS/IMPROVEMENTS
213-6020-441.64-10 VEHICLES 213-6020-441.64-50 NEW EQUIPMENT
213-6020-441.65-00 FURNITURE/FIXTURES
In 2018, City Council asked staff to analyze best practices for city reserve policy. Staff worked with CONTRACT SERVICES municipalities, OML and OMAG and concluded that best practices for municipal reserves are to have at a minimum 20% of the general fund expenses in a restricted reserve account, with 30% of the general fund expenses in reserve as a standard after the minimum is reached. This policy was adopted as Ordinance 2742. The ordinance designates what happens when the city spends less money in a fiscal year than it takes in. First, the city calculates what its current reserve is. If the reserve is less than 20%, then three-quarters (75%), of the money saved the previous year is deposited into the reserve and the remaining one-quarter (25%) is placed into a Special Projects Fund, which can only be used for one-time expenditures. A budget amendment process would then be employed by the City Council to allocate those funds. If the reserve is more than 20%, then the savings would be applied to the reserve until it reaches at least 1% higher than the previous year (i.e. moving from 20% to 21% of general fund expenses) with the remainder being available to be placed in the Special Projects Fund as described above. If the reserve is already at 30% or higher, the savings would be available to be placed in the Special Projects Fund or CONTRACT SERVICESwise appropriated by the council for any lawful purpose, including adding to the reserve.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
215-0000-335.15-00 FOUNDATION GRANT
215-0000-391.91-00 TRANSFER FROM GEN FUND
TOTALS:
EXPENSES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
215-1010-411.11-00 REGULAR WAGES
215-1010-411.39-90 CONTRACT SERVICES $1,000,000.00
215-1010-411.90-30 CIVIC CENTER
215-1510-413.11-00 REGULAR WAGES
215-1510-413.39-90 CONTRACT SERVICES $49,880.00
215-1510-413.62-13 SW ZONE INCENTIVES $125,000.00 $125,000.00
215-1510-413.62-14 HOUSING INCENTIVES
215-1510-413.90-55 PORT $500,000.00
215-1515-413.11-00 REGULAR WAGES
215-1515-413.39-90 CONTRACT SERVICES $27,380.00
215-1520-413.11-00 REGULAR WAGES
215-1520-413.46-25 BUILDING AND GROUNDS
215-1520-413.61-00 BUILDINGS & IMPROVEMENTS
215-2010-413.11-00 REGULAR WAGES
215-2010-413.46-25 BUILDING AND GROUNDS $9,729.00 $9,729.00
215-2010-413.64-65 COMPUTER SOFTWARE
215-2020-413.11-00 REGULAR WAGES
215-2510-419.11-00 REGULAR WAGES
215-3010-415.11-00 REGULAR WAGES
215-3010-415.64-60 COMPUTER HARDWARE/SOFTWAR $6,815.00 $6,195.00
215-3510-415.11-00 REGULAR WAGES
215-4010-419.11-00 REGULAR WAGES
215-4010-419.64-50 NEW EQUIPMENT
215-4510-419.11-00 REGULAR WAGES
215-5010-421.11-00 REGULAR WAGES
215-5030-421.11-00 REGULAR WAGES
215-5050-421.11-00 REGULAR WAGES
215-5050-421.64-10 VEHICLES $32,706.00
215-5050-421.64-50 NEW EQUIPMENT
215-5060-441.11-00 REGULAR WAGES
215-5060-441.64-50 NEW EQUIPMENT $65,500.00 $43,250.00
215-5070-421.11-00 REGULAR WAGES
215-5510-422.11-00 REGULAR WAGES
215-5510-422.61-70 FIRE STATION
215-5520-422.11-00 REGULAR WAGES
215-5540-422.11-00 REGULAR WAGES
215-6010-430.11-00 REGULAR WAGES
215-6020-441.11-00 REGULAR WAGES
215-6030-431.11-00 REGULAR WAGES
215-6030-431.62-60 STREET PROJECTS
215-6040-431.11-00 REGULAR WAGES
215-6050-432.11-00 REGULAR WAGES
215-6060-430.11-00 REGULAR WAGES
215-6070-430.11-00 REGULAR WAGES
215-6510-430.11-00 REGULAR WAGES
215-6530-461.11-00 REGULAR WAGES
215-6540-461.11-00 REGULAR WAGES
215-6550-432.11-00 REGULAR WAGES
215-6560-432.11-00 REGULAR WAGES
215-6570-432.11-00 REGULAR WAGES
215-7010-451.30-80 DEMOLITION SERVICES
215-7010-463.11-00 REGULAR WAGES
215-7010-463.30-80 DEMOLITION SERVICES
215-7010-463.30-90 OTHER
$247,175.00 $247,175.00
$182,000.00 $182,000.00
$4,342.00
$155,263.00 $23,608.00
215-7010-463.35-43 WALNUT CREEK PROJECT $218,068.00 $4,984.00
215-7010-463.43-00 HOUSING INCENTIVE PROGRAM
215-7020-424.11-00 REGULAR WAGES
215-7030-424.11-00 REGULAR WAGES
$600,000.00 $600,000.00
215-7030-424.64-50 NEW EQUIPMENT $12,000.00 $11,915.00
215-7510-451.11-00 REGULAR WAGES
215-7510-451.61-00 BUILDINGS &IMPROVEMENTS
215-7510-451.61-60 STATION #3 RENOVATION $12,000.00 $12,000.00
215-7510-451.62-51 PARKING LOT IMPROVEMENTS $33,642.00 $33,642.00
215-7510-451.64-50 NEW EQUIPMENT $103,735.00 $103,735.00
215-7520-452.11-00 REGULAR WAGES
215-7530-451.11-00 REGULAR WAGES
215-7540-451.11-00 REGULAR WAGES
215-7540-451.62-00 IMPROV OTHER THAN BUILDIN
215-7555-451.11-00 REGULAR WAGES
215-8010-452.11-00 REGULAR WAGES
215-9040-450.11-00 REGULAR WAGES
$29,259.00 $29,259.00
TOTALS: $5,282,404.00 $3,662,211.00
This fund represents proceeds from a grant from OMAG (Oklahoma Municipal Assurance Group) that will assist homeowners in the installation of back-flow preventers as well as a transfer from General Fund as a match for the state Home Grant program.
EXPENSES:
The revenue in this fund comes primarily from state and federal law enforcement grants, as well as donations.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
220-0000-331.10-00 FEDERAL GRANTS
220-0000-331.20-00 JUSTICE FUNDS
220-0000-335.10-10 J.A.G. GRANT
220-0000-361.10-00 INTEREST REVENUE
220-0000-390.45-00 DAMAGE RECOVERIES
EXPENSES:
220-5010-421.35-10 TRAVEL AND EDUCATION
220-5010-421.52-31 CANINE $6,500.00
220-5010-421.64-55 MENTAL HEALTH GRANT
220-5010-421.64-61 J.A.G. GRANT EXPENDITURES
220-5010-421.90-75 TRANS TO SHERIFFS DEPT
The CDBG (Community Development Block Grant) Small Cities Fund provides revenue to fund community development activities, particularly the Community Development Department’s water line replacement program. Funding primarily comes from state grants from the Oklahoma Department of Commerce and transfers from General Fund.
REVENUES:
226-0000-361.10-00 INTEREST REVENUE
226-0000-391.91-00 TRANSFER FROM GEN FUND
EXPENSES:
The Park Development Fund provides revenue to fund the Parks and Recreation Department’s maintenance, development, and improvement of city parks. Funded primarily by grants from the city of Muskogee Foundation, fees from the rental of park space, and contributions. The Park Development Fund includes budgets for grant/donation funded programs and projects including the Azalea Festival, Garden of Lights, The Papillion, Arboretum, Teen Center Operations, Youth Volunteer Corps, LWCF (Land and Water Conservation Fund) grants, Oklahoma Trails grants, City of Muskogee Foundation, and various events.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
227-0000-320.90-00 OTHER LICENSES/FEES
227-0000-334.10-00 STATE GRANTS
227-0000-335.15-00 FOUNDATION GRANT
227-0000-335.15-10 HONOR HEIGHTS PARK PROJECT
227-0000-344.30-00 FITNESS PROGRAMS
227-0000-344.30-24 SENIOR GAMES
227-0000-344.30-26 YVC PROGRAM FEES
227-0000-361.10-00 INTEREST REVENUE $10,000.00
227-0000-363.10-00 PROPERTY RENTAL
227-0000-363.10-10 CIVITAN
227-0000-363.10-15 TEEN CENTER RENTAL
227-0000-363.20-00 FACILITY RENTAL
227-0000-363.20-20 FIRESTATION #3
227-0000-363.90-00 CONTRACT SERVICES
227-0000-365.10-00 CONTRIBUTIONS & DONATIONS
227-0000-365.10-40 YVC DONATIONS
227-0000-365.60-00 GARDEN OF LIGHTS ADMISSN
227-0000-365.70-00 GOL SEASON PASSES
227-0000-390.20-00 SALE OF SURPLUS MATERIALS
227-0000-390.60-00 CASH OVER/SHORT
227-0000-390.90-00 OTHER MISC INCOME
227-0000-390.95-50 DEPOT GREEN
227-0000-391.91-00 TRANSFER FROM GEN FUND
227-7525-344.10-15 ADMISSIONS PAPILION $15,000.00 $5,000.00
227-7525-344.20-00 CONCESSIONS $15,000.00 $15,000.00
227-7525-344.20-15 BUTTERFLY GIFT SHOP SALES $15,000.00 $20,000.00
227-7525-363.10-10 CIVITAN $20,000.00 $10,000.00
227-7525-363.10-20 HAYRIDES/PADDLE BOAT $10,000.00 $5,000.00
227-7525-365.10-15 BUTTERFLY HOUSE DONATIONS $16,000.00 $2,000.00
PAPILION
EXPENSES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
The American Rescue Plan Act (ARPA) established the Local Fiscal Recovery Fund. The Coronavirus State and Local Fiscal Recovery Fund provides money to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery. Every county and municipality in Oklahoma has been allotted ARPA funds from the State and local Fiscal Recovery fund. Counties and Metropolitan cities (Entitlement Cities) with a population over 50,000 were granted their share of the money directly from the Federal government. The Federal government does not have the information on file for governments with a population under 50,000, known as NonEntitlement Units. (NEU's). The ARPA rules require the State of Oklahoma to distribute the Fiscal Recovery Funds to NEU's based on population. Oklahoma received the ARPA funds for NEU’s in August of 2020.
230-1510-465.62-12 JOHN T GRIFFIN IND PARK
230-1520-413.46-25 BUILDING AND GROUNDS $1,050,000.00
230-1520-413.61-00 BUILDINGS & IMPROVEMENTS
230-6530-461.62-26 WATER SYSTEM IMPR $17.64M
230-7510-451.62-51 PARKING LOT IMPROVEMENTS
House Bill 4138, by Wallace and Senate Appropriations Chair Roger Thompson, creates the Political Subdivisions Opioid abatement Grants Act that will use monetary grants to promote and protect the health of Oklahomans and to abate the effects of the opioid crisis. The bill creates the Oklahoma Opioid Abatement Revolving Fund that will include opioid funds obtained through settlement or judgement by the state Attorney General from opioid litigation of pharmaceutical supply chain participants and manufacturers as well as funds appropriated by the Legislature.
OPIOID SETTLEMENT
EXPENSES:
232-0000-361.10-00 INTEREST REVENUE
232-0000-390.20-20 METER SALES
Oversees downtown development, recruitment of
239-1510-465.90-50 RETAIL/LOCAL ECONOMIC DEV
The Employee Salary and Benefits Fund provides revenue to fund pay increases and extend employment benefits for City of Muskogee employees. The fund is primarily funded by 26.66% of the revenue from a 0.75% permanent sales tax approved in 2004.
240-0000-310.10-00 SALES TAXES
240-0000-361.10-00 INTEREST REVENUE TOTALS:
EXPENSES:
240-1010-411.10-00 WAGES
240-1510-413.11-00 REGULAR WAGES $14,000.00
240-1510-413.12-00 OVERTIME
240-1510-413.21-00 FICA/MEDICARE
$752.00
240-1510-413.22-00 PENSIONS $777.00
240-1520-413.11-00 REGULAR WAGES
240-1520-413.12-00 OVERTIME
240-1520-413.21-00 FICA/MEDICARE
240-1520-413.22-00 PENSIONS
240-2010-413.11-00 REGULAR WAGES
240-2010-413.21-00 FICA/MEDICARE
240-2010-413.22-00 PENSIONS
240-2020-413.11-00 REGULAR WAGES
240-2020-413.12-00 OVERTIME
240-2020-413.21-00 FICA/MEDICARE
240-2020-413.22-00 PENSIONS
240-2510-419.11-00 REGULAR WAGES
240-2510-419.21-00 FICA/MEDICARE
$65,754.00
$2,900.00
$3,000.00
$34,040.00
$2,537.00
$2,660.00
$68,346.00
$5,486.00
$5,593.00
$7,741.00
$589.00
240-2510-419.22-00 PENSIONS $628.00
240-3010-415.11-00 REGULAR WAGES
$5,684.00
240-3010-415.21-00 FICA/MEDICARE $440.00
240-3010-415.22-00 PENSIONS $433.00
240-3510-415.11-00 REGULAR WAGES $14,202.00
240-3510-415.21-00 FICA/MEDICARE $1,125.00
240-3510-415.22-00 PENSIONS $1,092.00
240-4010-419.11-00 REGULAR WAGES $9,338.00
240-4010-419.12-00 OVERTIME
240-4010-419.21-00 FICA/MEDICARE $742.00
240-4010-419.22-00 PENSIONS $724.00
240-4510-419.11-00 REGULAR WAGES $11,351.00
240-4510-419.21-00 FICA/MEDICARE $964.00
240-4510-419.22-00 PENSIONS $973.00
240-5010-421.11-00 REGULAR WAGES
$6,555.00
240-5010-421.21-00 FICA/MEDICARE $462.00
240-5010-421.22-00 PENSIONS $514.00
240-5030-421.11-00 REGULAR WAGES $40,171.00
240-5030-421.12-00 OVERTIME
240-5030-421.21-00 FICA/MEDICARE
240-5030-421.22-00 PENSIONS
$3,118.00
$2,634.00
240-5060-441.11-00 REGULAR WAGES $23,474.00
240-5060-441.12-00 OVERTIME
240-5060-441.21-00 FICA/MEDICARE
$1,816.00
240-5060-441.22-00 PENSIONS $1,829.00
240-5070-421.11-00 REGULAR WAGES
240-5070-421.21-00 FICA/MEDICARE
240-5070-421.22-00 PENSIONS
240-5510-422.11-00 REGULAR WAGES
$6,461.00
240-5510-422.21-00 FICA/MEDICARE $470.00
240-5510-422.22-00 PENSIONS $563.00
240-6010-430.11-00 REGULAR WAGES
240-6010-430.21-00 FICA/MEDICARE
240-6010-430.22-00 PENSIONS
240-6020-441.11-00 REGULAR WAGES
240-6020-441.12-00 OVERTIME
240-6020-441.21-00 FICA/MEDICARE
$13,657.00
$1,000.00
$1,052.00
$44,993.00
$3,359.00
240-6020-441.22-00 PENSIONS
240-6030-431.11-00 REGULAR WAGES $97,898.00
240-6030-431.12-00 OVERTIME
240-6030-431.21-00 FICA/MEDICARE
$7,693.00
240-6030-431.22-00 PENSIONS $7,894.00
240-6040-431.11-00 REGULAR WAGES $22,542.00
240-6040-431.12-00 OVERTIME
240-6040-431.21-00 FICA/MEDICARE
$1,823.00
240-6040-431.22-00 PENSIONS $1,898.00
240-6050-432.11-00 REGULAR WAGES $88,692.00
240-6050-432.12-00 OVERTIME
240-6050-432.21-00 FICA/MEDICARE
$6,863.00
240-6050-432.22-00 PENSIONS $6,849.00
240-6060-430.11-00 REGULAR WAGES
240-6060-430.12-00 OVERTIME
240-6060-430.21-00 FICA/MEDICARE
240-6060-430.22-00 PENSIONS
$76,079.00
$5,669.00
$5,890.00
240-6510-430.11-00 REGULAR WAGES $10,532.00
240-6510-430.12-00 OVERTIME
240-6510-430.21-00 FICA/MEDICARE
240-6510-430.22-00 PENSIONS
240-6530-461.11-00 REGULAR WAGES
240-6530-461.12-00 OVERTIME
240-6530-461.21-00 FICA/MEDICARE
240-6530-461.22-00 PENSIONS
240-6540-461.11-00 REGULAR WAGES
240-6540-461.12-00 OVERTIME
240-6540-461.21-00 FICA/MEDICARE
$852.00
$1,000.00
$80,000.00
$7,128.00
$7,604.00
$67,820.00
$5,284.00
240-6540-461.22-00 PENSIONS $5,465.00
240-6550-432.11-00 REGULAR WAGES
240-6550-432.12-00 OVERTIME
240-6550-432.21-00 FICA/MEDICARE
$19,368.00
$1,542.00
240-6550-432.22-00 PENSIONS $1,544.00
240-6560-432.11-00 REGULAR WAGES
240-6560-432.12-00 OVERTIME
240-6560-432.21-00 FICA/MEDICARE
$59,419.00
$4,433.00
240-6560-432.22-00 PENSIONS $4,599.00
240-6570-432.11-00 REGULAR WAGES $45,433.00
240-6570-432.12-00 OVERTIME
240-6570-432.21-00 FICA/MEDICARE
$3,516.00
240-6570-432.22-00 PENSIONS $3,618.00
240-7010-463.11-00 REGULAR WAGES $17,349.00
240-7010-463.12-00 OVERTIME
240-7010-463.21-00 FICA/MEDICARE
$1,346.00
240-7010-463.22-00 PENSIONS $1,413.00
240-7020-424.11-00 REGULAR WAGES $21,027.00
240-7020-424.12-00 OVERTIME
240-7020-424.21-00 FICA/MEDICARE
$1,665.00
240-7020-424.22-00 PENSIONS $1,706.00
240-7030-424.11-00 REGULAR WAGES $22,697.00
240-7030-424.12-00 OVERTIME
240-7030-424.21-00 FICA/MEDICARE
$1,817.00
240-7030-424.22-00 PENSIONS $1,824.00
240-7510-451.11-00 REGULAR WAGES
240-7510-451.12-00 OVERTIME
240-7510-451.21-00 FICA/MEDICARE
240-7510-451.22-00 PENSIONS
$75,000.00
$6,500.00
$6,500.00
240-7520-452.11-00 REGULAR WAGES $118,066.00
240-7520-452.12-00 OVERTIME
240-7520-452.21-00 FICA/MEDICARE
240-7520-452.22-00 PENSIONS
240-7525-452.11-00 REGULAR WAGES
240-7525-452.12-00 OVERTIME
240-7525-452.21-00 FICA/MEDICARE
240-7525-452.22-00 PENSIONS
240-7530-451.11-00 REGULAR WAGES
240-7530-451.12-00 OVERTIME
240-7530-451.21-00 FICA/MEDICARE
$9,466.00
$9,669.00
$4,750.00
$396.00
$450.00
$7,122.00
$530.00
240-7530-451.22-00 PENSIONS $612.00
240-7540-451.11-00 REGULAR WAGES
240-7540-451.12-00 OVERTIME
240-7540-451.21-00 FICA/MEDICARE
240-7540-451.22-00 PENSIONS
240-7555-451.11-00 REGULAR WAGES
240-7555-451.21-00 FICA/MEDICARE
240-7555-451.22-00 PENSIONS
240-8010-452.11-00 REGULAR WAGES
240-8010-452.12-00 OVERTIME
240-8010-452.21-00 FICA/MEDICARE
240-8010-452.22-00 PENSIONS
$9,835.00
$745.00
$789.00
$4,914.00
$377.00
$368.00
$36,000.00
$2,563.00
$2,743.00
TOTALS: $1,897,303.00 $1,700,000.00
The Employee Salary and Benefits Fund provides revenue to fund pay increases and extend employment benefits for City of Muskogee employees. The fund is primarily funded by 26.66% of the revenue from a 0.75% permanent sales tax approved in 2004.
REVENUES:
EXPENSES:
255-5060-441.52-25 VACCINATIONS
The Community Development Fund provides revenue to fund community development activities including the Housing Rehabilitation Program, downtown incentives, and demolition of dilapidated structures. This funding comes primarily by transfers from General Fund and grants from City of Muskogee Foundation.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
260-0000-335.15-00 FOUNDATION GRANT
260-0000-361.10-00 INTEREST REVENUE
260-0000-390.90-00 OTHER MISC INCOME
260-0000-391.91-00 TRANSFER FROM GEN FUND
EXPENSES:
260-7010-463.30-80 DEMOLITION SERVICES
260-7010-463.34-21 FILING FEES
260-7010-463.39-90 CONTRACT SERVICES
260-7010-463.44-00 DOWNTOWN REVITILIZATION TOTALS:
Street Maint/Installation
The Street Improvement Fund provides revenue to fund major improvements to the City’s streets. The fund is primarily funded by a 0.25% permanent sales tax approved in 2009.
375-6030-431.34-10 ADVERTISING
375-6030-431.39-90 CONTRACT SERVICES
375-6030-431.52-90 MISC OPERATING SUPPLIES
375-6030-431.62-60 STREET PROJECTS
375-6030-431.62-73 SMITH FERRY RD PROJECT
375-6030-431.64-50 NEW EQUIPMENT $315,000.00
375-6030-431.70-10 PRINCIPAL $857,000.00
375-6030-491.95-01
The 2014 Capital Improvement Fund provides revenue to fund the major capital improvements for City departments. The fund is funded by a 0.32% sales tax approved in 2014 to continue until 2019. This is expired.
EXPENSES:
The 2019 Capital Improvement fund will provide revenue to fund major capital improvement projects for the City. The fund is funded by a 0.17% sales tax approved in 2019 to continue until 2025.
REVENUES:
EXPENSES:
SALES TAXES
392-0000-335.15-00 FOUNDATION GRANT
FACILITIES
392-1530-465.69-60 ECONOMIC DEVELOPMENT
392-5010-420.69-20 PD PUBLIC SAFETY
392-5050-421.64-10 VEHICLES
392-5070-421.69-40 911 PUBLIC SAFETY
392-5510-422.69-30 FIRE PUBLIC SAFETY
392-7010-463.69-70 DEMOLITION/ABATEMENT
392-7520-452.69-10 PARKS QUALITY OF LIFE
The 2019 Capital Improvement fund will provide revenue to maintain and improve residential streets; maintain and improve collector streets in residential areas; and replacement of traffic signals. The fund is funded by a .33% sales tax approved in 2019 to continue until 2025. A City of Muskogee Foundation matching grant for this tax is also extended through this fund.
393-0000-335.15-00
393-0000-390.99-00
EXPENSES:
The MMA (Muskogee Municipal Authority) provides drinking water to six rural water districts and four towns. The City receives raw water from the Fort Gibson Reservoir and a secondary water supply from the Grand River. This fund is for specific capital projects required to provide this service.
500-0000-335.15-00
500-0000-390.99-00
500-1010-430.12-00 OVERTIME
500-1010-430.45-10 STORM DAMAGE
500-2020-413.64-34 RESIDENTIAL WATER METERS
500-2020-413.64-50 NEW EQUIPMENT
500-2020-413.64-60 COMPUTR HARDWARE/SOFTWARE
500-6530-461.62-25
500-6530-461.64-10 VEHICLES
500-6530-461.64-50 NEW EQUIPMENT $163,570.00 $1,100,000.00
500-6540-461.39-90
500-6560-432.35-45 DEQ CONSENT ORDER $25,000.00
500-6560-432.46-30 EQUIPMENT
500-6560-432.62-94 COUNTRY CLUB CULVER $1,500,000.00
500-6560-432.62-95
500-6560-432.62-96 WASTWATR PROJECTS NONLOAN
500-6560-432.62-97 NEW TREATMENT PLANT
EQUIPMENT
500-6570-432.48-10 EQUIPMENT RENTAL $10,000.00 $10,000.00
500-6570-432.62-20 WATER/SEWER IMPROVEMENTS
500-6570-432.64-10 VEHICLES
500-6570-432.64-50 NEW EQUIPMENT $77,500.00 $253,500.00 TOTALS: $24,075,633.00 $90,298,084.00
Muskogee Municipal Authority
The MMA (Muskogee Municipal Authority) provides drinking water to six rural water districts and four towns. The City receives raw water from the Fort Gibson Reservoir and a secondary water supply from the Grand River.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
501-0000-340.10-00 WATER REVENUE
501-0000-340.20-00 SEWER REVENUE
501-0000-340.30-00 PENALTIES
501-0000-340.90-00 OTHER REVENUES
501-0000-361.10-00 INTEREST REVENUE
501-0000-361.20-00 TRUST DEPT INTEREST
501-0000-390.99-00 OTHER FINANCING SOURCES $76,115,000.00
501-0000-391.93-75 TRNS IN FROM STREET PROJC
501-0000-391.93-90 TRNS FR 2014 SEWER REHAB
501-0000-391.93-92 2019 CAPITAL IMPROVEMENTS
501-0000-391.93-93 TRANS FROM CIP $4,400,000.00 $1,862,000.00 TOTALS: $25,325,132.00 $101,386,880.00 EXPENSES: ACCOUNT NUMBER ACCOUNT DESCRIPTION FY 25 BUDGET FY26 PROPOSED BUDGET
501-1010-411.39-90 CONTRACT SERVICES $1,156,429.00
501-1010-430.70-10 PRINCIPAL PAYMENT $1,300,000.00 $7,400,880.00
501-1010-430.70-20 INTEREST $1,300,000.00
501-1010-430.70-30 ADMIN FEES $100,000.00 $100,000.00
501-1010-430.70-35 BOND/FINANCIAL FEES $99,760.00 $20,000.00
501-1010-491.91-00 TRANS TO GENERAL FUND $495,613.00
501-1010-491.92-32 TRANS TO REPAIR & REPLACE $696,000.00
501-1010-491.93-90 2013 SEWER REHAB $300,000.00
501-1010-491.93-93 TRNS TO 2020 CIP STREETS $5,700,000.00 $6,000,000.00
501-1010-491.95-00 TRANSFER MMA CAPITAL $3,905,000.00 $73,465,000.00
501-1010-491.95-04 TRANS TO STORMWATER
501-2020-491.91-00 TRANS TO GENERAL FUND $12,401,700.00 $13,405,000.00 TOTALS: $26,458,502.00 $101,386,880.00
REVENUES:
502-0000-340.90-00 OTHER REVENUES
502-0000-341.10-00 SOLID WASTE REVENUE
502-0000-361.10-00 INTEREST REVENUE
EXPENSES:
The Storm Water Maintenance Division ensures drainage systems of public right-of-way and improved drainage systems accepted by the City are free of uncontrolled growth and blockages. The stormwater budget has allowed for the building of the Elliot-Belmont Detention Pond and the Chandler Detention Pond in the past few years helping to resolve problems with area flooding.
504-0000-334.15-00
504-0000-345.10-00
504-0000-361.10-00
504-6010-430.62-68
504-6010-430.62-73
Redevelopment Authority
The Muskogee Redevelopment Authority is a city trust authorized to conduct
505-9040-344.20-11 BEVERAGE
EXPENSES:
505-9040-450.32-67
505-9040-451.11-00
505-9040-451.18-00
505-9040-451.23-00 GROUP INSURANCE
505-9040-451.27-00 EMPLOYER/BENEFITS
505-9040-451.28-00 EMPLOYER/TAXES
505-9040-451.31-30 PREMIUMS, INS. & BONDS
505-9040-451.35-50 LICENSES AND PERMITS
505-9040-491.95-30 TRANS TO CIVIC CENTER
TOTALS:
506-0000-310.70-00 PROPERTY TAX
506-0000-361.10-00 INTEREST REVENUE $100.00
506-0000-390.90-00 OTHER MISC INCOME
506-7010-463.39-90 CONTRACT SERVICES $2,000,000.00
506-7010-463.70-10 BANCFIRST TRUST $760,600.00 $1,055,000.00
506-7010-463.70-20 INTEREST $173,000.00
506-7010-463.70-30 ADMIN FEES TOTALS:
Muskogee Parking Authority
The MPA owns and maintains several parking lots within the City. Some spaces are rented on a monthly basis and the remainder are provided for public parking.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
510-0000-342.10-00 PARKING FEES
510-0000-342.10-05 LOT #5
510-0000-342.10-08 LOT #8
510-0000-342.10-09 LOT #9
510-0000-342.10-10 LOT #10
510-0000-342.10-11 LOT #11
510-0000-342.10-12 LOT #12
510-0000-342.10-14 LOT#1 AND LOT#4 $8,200.00 $8,200.00
510-0000-342.10-15 LOT #15
510-0000-342.10-25 LOT #16
510-0000-361.10-00 INTEREST REVENUE
OTHER MISC INCOME
EXPENSES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
510-8510-430.34-22 PROPERTY TAXES
510-8510-430.41-20 POSTAGE AND FREIGHT
510-8510-430.52-90 MISC OPERATING SUPPLIES
510-8510-430.62-51 PARKING LOT IMPROVEMENTS $40,000.00 $50,000.00
TOTALS: $40,000.00 $50,000.00
Muskogee- Davis Regional Airport
Muskogee-Davis Regional Airport serves as critical airport infrastructure to Muskogee and the surrounding region. The airport is home to 98-based aircraft and services approximately 12,000 aircraft operations per year.
520-0000-343.10-00
520-0000-343.20-00
520-6070-430.62-40
520-6070-430.64-50
The Muskogee Civic Center, located in the heart of Downtown Muskogee, is a multiuse event center owned and operated by The City of Muskogee. The Muskogee Civic Center provides space for the community to rent for public and private events from small meeting rooms to a 3,000-seat arena.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
530-0000-344.10-10 TICKET SALES
530-0000-344.20-00 CONCESSIONS
530-0000-344.20-11 BEVERAGE SALES
530-0000-361.10-00 INTEREST REVENUE
530-0000-363.10-00 PROPERTY RENTAL
530-0000-390.60-00 CASH OVER/SHORT
530-0000-390.90-00 OTHER MISC INCOME
530-0000-390.95-00 EVENT INCOME
530-0000-390.95-31 SPONSORSHIPS
530-0000-391.91-00 TRANSFER FROM GEN FUND
530-0000-391.92-15 SPECIAL PROJECTS FUND
530-0000-391.92-39 TRANS FR ECONOMIC DEV
530-0000-391.95-05 TRNS FR MUSKOGE REDEVELMT
530-9040-450.31-25 BANK CHARGES
REVENUES:
531-0000-310.30-00 HOTEL/MOTEL
531-0000-361.10-00 INTEREST REVENUE
EXPENSES:
531-1510-413.39-90 CONTRACT SERVICES
The Hotel Motel Tax fund is funded by taxes on lodging within the City of Muskogee. These funds may only be used for certain expenditures related to convention and tourism.
$1,050,000.00
$1,050,000.00
531-9010-450.39-90 CONTRACT SERVICES $1,605,000.00 $1,050,000.00
531-9010-450.64-50 NEW EQUIPMENT
531-9010-491.95-33 TRANSFER TO ROXY THEATER
531-9010-491.95-55 TRNS TO HATBOX ENTERPRISE TOTALS: $1,605,000.00 $1,050,000.00 Convention and Tourism
River Country Water Park
River Country Water Park operates under the direction of the Parks and Recreation Department. The enterprise budget will
REVENUES:
540-7530-451.52-80
540-7540-451.22-00 PENSIONS
540-7540-451.23-00
541-0000-365.10-00
541-7550-451.18-00
541-7550-451.34-10
541-7550-451.52-90
This 60-acre site was formerly a historic airport that has seen the likes of such people as Charles Lindbergh and Amelia Earhart. Newly expanded and developed over the last several years, this complex is home to many sports leagues, tournaments, and individual users, and includes the following areas: Baseball - 10 lighted baseball fields Softball - 8 lighted softball fields (youth and adult) Football - 2 lighted football fields Soccer - 13 soccer fields Multi-purpose Activity Trail- 3.1-mile Centennial Trail Love Hatbox Sports Complex operation includes a full-time Sports and Events Coordinator, 30+ seasonal concessions and field maintenance staff, contract umpires for leagues, facility updates and improvements, repairs and annual field maintenance.
REVENUES:
545-0000-344.10-21 BASEBALL
545-0000-344.10-22 SOFTBALL
545-0000-344.20-00 CONCESSIONS
545-0000-344.20-20 FOOTBALL
545-0000-344.21-00
545-0000-344.32-00 SOFTBALL FEES
545-0000-344.34-00 FOOTBALL FEES
545-0000-344.35-00 SOCCER FEES
545-0000-390.60-00 CASH OVER/SHORT
545-0000-390.90-00 OTHER MISC INCOME
545-0000-391.91-00 TRANSFER FROM GEN FUND
EXPENSES:
545-7540-451.11-00
545-7540-451.46-16 SOFTBALL FIELD MAINTNCE
545-7540-451.46-25 BUILDING AND GROUNDS $15,000.00
545-7540-451.52-40 JANITORIAL SUPPLIES
545-7540-451.52-60 CHEMICALS
MISC
SUPPLIES
Swim and Fitness Center
The Muskogee Swim & Fitness Center has an estimated 1,500 members, offering an array of exercise equipment, a variety of land and aquatic group exercise classes, lap swimming, recreational and competitive swimming programs. The 20,000 sq. ft. facility includes the following programs: Cardio/Strength/Stretch The 3570 sq. ft. Fitness Center includes state-of-the-art cardiovascular and weight training equipment. Aerobic Center This is an 1100 sq. ft. studio offering a variety of group exercise classes. Aquatic Center This 6-lane, 25-meter multi-use swimming pool offers year-round programs for individuals of all ages. Lap swimming, aquatic exercise classes, and a youth recreational and competitive swim team are just a few of the programs available. A Learn to Swim program offers year round swim lessons for all ages. American Red Cross Lifeguard Training and Water Safety Instructor certification classes are held annually for individuals age 15 and older.
550-0000-344.30-10
550-0000-390.60-00
550-0000-390.90-00
Hatbox Field Enterprise
Hatbox Field Enterprise operates under the direction of the Parks and Recreation Department. The enterprise budget will support operating/utility costs, and maintenance and repairs for the complex.
REVENUES:
555-0000-342.10-00
555-0000-344.20-00
555-0000-363.20-00
555-0000-390.95-45 BALLOON FEST
555-0000-391.95-31 TRANS FROM CONVENTION/TOU
EXPENSES:
555-7555-451.32-25
555-7555-451.52-40 JANITORIAL SUPPLIES
555-7555-451.52-80 OPERATING SUPPLIES $5,000.00
555-7555-451.61-26 HATBOX ARENA PROJECT
555-7555-451.62-51 PARKING LOT IMPROVEMENTS
555-7555-451.62-75 HATBOX IMPROVEMENTS
555-7555-451.64-50 NEW EQUIPMENT $87,000.00 TOTALS: $1,062,145.00 $241,300.00
Cc Hultquist Library
This fund is money bequeathed for the Muskogee Public Library that the City maintains as an investment for disbursement of interest to the library.
REVENUES:
EXPENSES:
Cemetery Perpetual Care
The Cemetery Perpetual Care Fund provides revenue to fund building and ground improvements to Greenhill Cemetery. This is primarily funded by the sale of cemetery plots at the cemetery.
REVENUES: ACCOUNT NUMBER ACCOUNT DESCRIPTION
INTEREST REVENUE
735-0000-390.10-00 CEMETERY RECEIPTS
735-0000-390.11-00 COLUMBARIUM LETTERING
EXPENSES:
735-8010-452.34-23 COLUMBARIUM LETTERING
735-8010-452.61-00 BUILDINGS &IMPROVEMENTS $50,000.00
735-8010-452.62-60 STREET IMPROVEMENTS
735-8010-452.64-50 NEW EQUIPMENT
742-0000-390.65-00
742-0000-390.67-00
742-4510-419.32-42
744-0000-390.67-00
744-0000-390.90-00
744-0000-391.91-00
A reduction or elimination of a real or personal property tax, motor vehicle excise, a fee, charge, or special assessment imposed by a governmental unit. Granted only on application of the person seeking the abatement and only by the committing governmental unit.
The total structure of records and procedures that identify record, classify, and report information on the financial position and operations of a governmental unit or any of its funds, account groups, and organizational components.
The amount of interest that has accumulated on the debt since the date of the last interest payment, and on the sale of a bond, the amount accrued up to but not including the date of delivery (settlement date). (See Interest)
The gradual repayment of an obligation over time and in accordance with a predetermined payment schedule.
A legal authorization from the community's legislative body to expend money and incur obligations for specific public purposes. An appropriation is usually limited in amount and as to the time period within which it may be expended.
As applied to municipal debt, the investment of tax-exempt bonds or note proceeds in higher yielding, taxable securities. Section 103 of the Internal Revenue Service (IRS) Code restricts this practice and requires (beyond certain limits) that earnings be rebated (paid) to the IRS.
A value assigned to real estate or other property by a government as the basis for levying taxes.
An examination of a community's financial systems, procedures, and data by a certified public accountant (independent auditor), and a report on the fairness of financial statements and on local compliance with statutes and regulations. The audit serves as a valuable management tool in evaluating the fiscal performance of a community.
Prepared by an independent auditor, an audit report includes: (a) a statement of the scope of the audit; (b) explanatory comments as to application of auditing procedures; (c) findings and opinions. It is almost always accompanied by a management letter which contains supplementary comments and recommendations.
Balances in the various fund types that represent non-recurring revenue sources. As a matter of sound practice, they are frequently appropriated to meet unforeseen expenses, for capital expenditures or other one-time costs.
A statement that discloses the assets, liabilities, reserves and equities of a fund or governmental unit at a specified date.
Whenever a specific area of a community receives benefit from a public improvement (e.g., water, sewer, sidewalk, etc.), special property taxes may be assessed to reimburse the governmental entity for all or part of the costs it incurred. Each parcel receiving benefit from the improvement is assessed for its proportionate share of the cost of such improvements. The proportionate share may be paid in full or the property owner may request that the assessors apportion the betterment over 20 years. Over the life of the betterment, one year’s apportionment along with one year’s committed interest computed from October 1 to October 1 is added to the tax bill until the betterment has been paid.
A means to raise money through the issuance of debt. A bond issuer/borrower promises in writing to repay a specified sum of money, alternately referred to as face value, par value or bond principal, to the buyer of the bond on a specified future date (maturity date), together with periodic interest at a specified rate. The term of a bond is always greater than one year. (See Note)
(Bond Register) – The permanent and complete record maintained by a treasurer for each bond issue. It shows the amount of interest and principal coming due each date and all other pertinent information concerning the bond issue.
Balance of a bond authorization not yet sold. Upon completion or abandonment of a project, any remaining balance of authorized and unissued bonds may not be used for other purposes, but must be rescinded by the community's legislative body to be removed from community's books.
Generally, the sale of a certain number of bonds at one time by a governmental unit
A credit rating assigned to a municipality to help investors assess the future ability, legal obligation, and willingness of the municipality (bond issuer) to make timely debt service payments. Stated otherwise, a rating helps prospective investors determine the level of risk associated with a given fixed-income investment. Rating agencies, such as Moody's and Standard and Poors, use rating systems, which designate a letter or a combination of letters and numerals where AAA is the highest rating and C1 is a very low rating.
A plan for allocating resources to support particular services, purposes and functions over a specified period of time. (See Performance Budget, Program Budget)
All real and tangible property used in the operation of government, which is not easily converted into cash, and has an initial useful live extending beyond a single financial reporting period. Capital assets include land and land improvements; infrastructure such as roads, bridges, water and sewer lines; easements; buildings and building improvements; vehicles, machinery and equipment. Communities typically define capital assets in terms of a minimum useful life and a minimum initial cost. (See Fixed Assets)
An appropriation or spending plan that uses borrowing or direct outlay for capital or fixed asset improvements. Among other information, a capital budget should identify the method of financing each recommended expenditure, i.e., tax levy or rates, and identify those items that were not recommended. (See Capital Assets, Fixed Assets)
Currency, coin, checks, postal and express money orders and bankers’ drafts on hand or on deposit with an official or agent designated as custodian of cash and bank deposits.
The process of monitoring the ebb and flow of money in an out of municipal accounts to ensure cash availability to pay bills and to facilitate decisions on the need for short- term borrowing and investment of idle cash.
A bank deposit evidenced by a negotiable or non-negotiable instrument, which provides on its face that the amount of such deposit plus a specified interest payable to a bearer or to any specified person on a certain specified date, at the expiration of a certain specified time, or upon notice in writing.
Assessors are required to classify all real property according to use into one of four classes: residential, open space, commercial, and industrial. Having classified its real properties, local officials are permitted to determine locally, within limitations established by statute and the Commissioner of Revenue, what percentage of the tax burden is to be borne by each class of real property and by personal property owners.
The process of negotiating workers' wages, hours, benefits, working conditions, etc., between an employer and some or all of its employees, who are represented by a recognized labor union. regarding wages, hours and working conditions.
The statistical measure of changes, if any, in the overall price level of consumer goods and services. The index is often called the "cost-of-living index."
A decision-making tool that allows a comparison of options based on the level of benefit derived and the cost to achieve the benefit from different alternatives.
The amount of debt carried by an issuer usually expressed as a measure of value (i.e., debt as a percentage of assessed value, debt per capita, etc.). Sometimes debt burden refers to debt service costs as a percentage of the total annual budget.
The repayment cost, usually stated in annual terms and based on an amortization schedule, of the principal and interest on any particular bond issue.
A reservation of funds to cover obligations arising from purchase orders, contracts, or salary commitments that are chargeable to, but not yet paid from, a specific appropriation account.
An enterprise fund is a separate accounting and financial reporting mechanism for municipal services for which a fee is charged in exchange for goods or services. It allows a community to demonstrate to the public the portion of total costs of a service that is recovered through user charges and the portion that is subsidized by the tax levy, if any. With an enterprise fund, all costs of service delivery direct, indirect, and capital costs are identified. This allows the community to recover total service costs through user fees if it chooses. Enterprise accounting also enables communities to reserve the
"surplus" or net assets unrestricted generated by the operation of the enterprise rather than closing it out to the general fund at year-end. Services that may be treated as enterprises include, but are not limited to, water, sewer, hospital, and airport services.
The determination of the full and fair cash value of all property in the community that is subject to local taxation.
A term that typically refers to anticipated local revenues often based on the previous year's receipts and represent funding sources necessary to support a community's annual budget. (See Local Receipts)
A discharge, established by statute, from the obligation to pay all or a portion of a property tax. The exemption is available to particular categories of property or persons upon the timely submission and approval of an application to the assessors. Properties exempt from taxation include hospitals, schools, houses of worship, and cultural institutions. Persons who may qualify for exemptions include disabled veterans, blind individuals, surviving spouses, and seniors.
An outlay of money made by municipalities to provide the programs and services within their approved budget.
Repository of money held by a municipality in a trustee capacity or as an agent for individuals, private organizations, other governmental units, and other funds. These include pension (and other employee benefit) trust funds, investment trust funds, private- purpose trust funds, and agency funds.
Long-lived, assets such as buildings, equipment and land obtained or controlled as a result of past transactions or circumstances.
Costs that are legally or contractually mandated such as retirement, FICA/Social Security, insurance, debt service costs or interest on loans.
The difference between the bank balance for a local government’s account and its book balance at the end of the day. The primary factor creating float is clearing time on checks and deposits. Delays in receiving deposit and withdrawal information also influence float.
A pledge of the general taxing powers for the payment of governmental obligations. Bonds carrying such pledges are usually referred to as general obligation or full faith and credit bonds.
An accounting entity with a self-balancing set of accounts that are segregated for the purpose of carrying on identified activities or attaining certain objectives in accordance with specific regulations, restrictions, or limitations.
Organizing financial records into multiple, segregated locations for money. A fund is a distinct entity within the municipal government in which financial resources and activity (assets, liabilities, fund balances, revenues, and expenditures) are accounted for independently in accordance with specific regulations, restrictions or limitations. Examples of funds include the general fund and enterprise funds. Communities whose accounting records are organized according to the Uniform Municipal Accounting System (UMAS) use multiple funds.
A major pronouncement of the Governmental Accounting Standards Board that establishes new criteria on the form and content of governmental financial statements. GASB 34 requires a report on overall financial health, not just on individual funds. It requires more complete information on the cost of delivering value estimates on public infrastructure assets, such as bridges, road, sewers, etc. It also requires the presentation of a narrative statement the government's financial performance, trends and prospects for the future.
This is another Governmental Accounting Standards Board major pronouncement that each public entity account for and report other postemployment benefits in its accounting statements. Through actuarial analysis, municipalities must identify the true costs of the OPEB earned by employees over their estimated years of actual service.
The fund used to account for most financial resources and activities governed by the normal appropriation process.
Bonds issued by a municipality for purposes allowed by statute that are backed by the full faith and credit of its taxing authority.
A board, committee, commission, or other executive or policymaking bodyof a municipality or school district.
Costs of a service not reflected in the operating budget of the entity providing the service. An example of an indirect cost of providing water service would be the value of time spent by non-water department employees processing water bills. A determination of these costs is necessary to analyze the total cost of service delivery. The matter of indirect costs arises most often in the context of enterprise funds.
Compensation paid or to be paid for the use of money, including amounts payable at periodic intervals or discounted at the time a loan is made. In the case of municipal bonds, interest payments accrue on a day-to-day basis, but are paid every six months.
The interest payable, expressed as a percentage of the principal available for use during a specified period of time. It is always expressed in annual terms.
Securities and real estate held for the production of income in the form of interest, dividends, rentals or lease payments. The term does not include fixed assets used in governmental operations.
A budget that separates spending into categories, or greater detail, such as supplies, equipment, maintenance, or salaries, as opposed to a program budget.
Revenue allocated by the state or counties to municipalities and school districts.
The date that the principal of a bond becomes due and payable in full.
(As used in the bond trade) "Municipal" refers to any state or subordinate governmental unit. "Municipals" (i.e., municipal bonds) include not only the bonds of all political subdivisions, such as cities, towns, school districts, special districts, counties but also bonds of the state and agencies of the state.
A short-term loan, typically with a maturity date of a year or less.
A classification of expenditures that is used for coding any department disbursement, such as “personal services,” “expenses,” or “capital outlay.”
A document prepared for potential investors that contains information about a prospective bond or note issue and the issuer. The official statement is typically published with the notice of sale. It is sometimes called an offering circular or prospectus.
A plan of proposed expenditures for personnel, supplies, and other expenses for the coming fiscal year.
A community's proportionate share of the debt incurred by an overlapping government entity, such as a regional school district, regional transit authority, etc.
A budget that stresses output both in terms of economy and efficiency.
The face amount of a bond, exclusive of accrued interest.
A combination of activities to accomplish an end.
A budget that relates expenditures to the programs they fund. The emphasis of a program budget is on output.
The cost of services that are provided by a vendor.
Transaction where one bond issue is redeemed and replaced by a new bond issue under conditions generally more favorable to the issuer.
An amount set aside annually within the budget of a town to provide a funding source for extraordinary or unforeseen expenditures.
The assessors of each community are responsible for developing a reasonable and realistic program to achieve the fair cash valuation of property in accordance with constitutional and statutory requirements. The nature and extent of that program will depend on the assessors’ analysis and consideration of many factors, including, but not limited to, the status of
the existing valuation system, the results of an in-depth sales ratio study, and the accuracy of existing property record information.
A short-term loan issued to be paid off by revenues, such as tax collections and state aid. RANs are full faith and credit obligations.
A bond payable from and secured solely by specific revenues and thereby not a full faith and credit obligation. Allows a community to raise revenues from a specific service and use those revenues without appropriation to support the service.
A fund established to account for the proceeds of the sale of municipal real estate other than proceeds acquired through tax title foreclosure.
A fund designed to accumulate amounts for capital and other future spending purposes, although it may be appropriated for any lawful purpose.
The amount by which cash, accounts receivable, and other assets exceed liabilities and reserves.
The amount of property tax stated in terms of a unit of the municipal tax base; for example, $14.80 per $1,000 of assessed valuation of taxable real and personal property.
The procedure initiated by a municipality to obtain legal title to real property already in tax title and on which property taxes are overdue.
In general, a fund for money donated or transferred to a municipality with specific instructions on its use. As custodian of trust funds, the treasurer invests and expends such funds as stipulated by trust agreements, as directed by the commissioners of trust funds or by the community's legislative body. Both principal and interest may be used if the trust is established as an expendable trust. For nonexpendable trust funds, only interest (not principal) may be expended as directed.
Recently deposited checks included in an account’s balance but drawn on other banks and not yet credited by the Federal Reserve Bank or local clearinghouse to the bank cashing the checks. (These funds may not be loaned or used as part of the bank’s reserves and they are not available for disbursement.)
Monies in the various government funds as of the end of the fiscal year that are neither encumbered nor reserved, and are therefore available for expenditure once certified as part of free cash.
The amount by which cash, accounts receivable, and other assets exceed liabilities and restricted reserves. It is akin to a "stockholders’ equity" account on a corporate balance sheet. It is not, however, available for appropriation in full because a portion of the assets listed as "accounts receivable" may be taxes receivable and uncollected. (See Free Cash)
The legal requirement that a community’s assessed value on property must reflect its market, or full and fair cash value.