Meeting Summary
The City Council adopted the FYE 2025 operating and capital budgets for the City of Norman and the Norman Convention and Visitors Bureau, incorporating several amendments. Key adjustments included reducing University North Park TIF revenues, reallocating funds for capital projects and microtransit operations, increasing IT department allocations, and fully funding an Assistant City Manager position with a vehicle allowance.
Key Decisions & Votes
Grammatical and Typographical Corrections to Budget Documents
01:40Motion to make necessary grammatical and typographical corrections to the budget documents with no financial impact.
University North Park TIF Fund Revenue Reduction
02:40Projected revenues in the University North Park Tax Increment Finance District fund were reduced by $200,000 due to the termination of business improvement district assessments.
Capital Improvement Projects Fund Reduction for Double Counting
05:40Allocations to the Capital Improvement Projects fund were reduced by $24,995 to correct an inadvertent double counting of a traffic project at 36th Avenue Northwest and Tuma Road.
Increase Public Transportation Fund Revenues
12:30Projected public transportation fund revenues were increased by $496,189 to reflect anticipated increases in Federal Transit Administration Grant revenues.
Increase Public Transportation Fund Allocations for Microtransit
13:20Public transportation fund allocations were increased by $751,000 to fund the continued operations of the microtransit program.
Increase IT Department General Fund Allocations
14:00General fund allocations to the Information Technology department were increased by $233,000 for estimated maintenance fee increases on City software applications.
Increase Capital Improvements Project Fund for Mhof Creek Stabilization
15:10Capital Improvements project fund allocations were increased by $968,833 to fully fund the lower Mhof Creek Bank stabilization project.
Decrease Wastewater Reclamation Fund Revenues
16:10Projected Wastewater Reclamation fund revenues were decreased by $775,000 to reflect lower growth rate assumptions for the customer base.
Fully Fund Assistant City Manager Position with Vehicle Allowance
18:20General fund allocations to the City Manager Department were increased by $81,600 to fully fund an Assistant City Manager position, including a $6,000 vehicle allowance.
Adoption of FYE 2025 Budgets as Amended
21:40The 2025 operating and capital budgets for the City of Norman and the Norman Convention and Visitors Bureau, as amended, were approved.
Financial Matters
University North Park Tax Increment Finance District Fund Revenue Reduction
Projected revenues were reduced due to the termination of business improvement district assessments.
Capital Improvement Projects Fund Reduction
Allocations were reduced to correct an inadvertent double counting of a traffic project at 36th Avenue Northwest and Tuma Road.
Public Transportation Fund Revenue Increase
Revenues were increased to reflect anticipated increases in Federal Transit Administration Grant revenues.
Public Transportation Fund Allocations Increase
Allocations were increased to fund the continued operations of the microtransit program.
General Fund Allocations to Information Technology Department Increase
Allocations were increased to cover estimated maintenance fee increases on City software applications.
Capital Improvements Project Fund Allocations Increase
Allocations were increased to fully fund the lower Mhof Creek Bank stabilization project.
Wastewater Reclamation Fund Revenue Decrease
Projected revenues were decreased to reflect lower growth rate assumptions for the customer base.
General Fund Allocations to City Manager Department Increase
Allocations were increased to fully fund an Assistant City Manager position, including a vehicle allowance.
Public Comments
Public comments addressed concerns regarding the funding for maintenance in the University North Park area following the termination of the Business Improvement District, questioned the funding source for a capital project, and debated the financial implications and operational costs of the microtransit program, with suggestions for increased contributions from the University of Oklahoma and higher rider fees. A suggestion was also made to include a vehicle allowance for the new Assistant City Manager position.
Coming Up
Watch For
- Reestablishment of the University North Park Business Improvement District (BID)
- Potential future capital requests for the public transit program
Agenda Summary
FYE 2025 City of Norman Proposed Operating and Capital Budgets and Norman Convention and Visitors Bureau Incorporated FY 2025 Budget with Detailed Annual Plan of Work
Consideration of adoption, rejection, amendment, and/or postponement of the proposed budgets for the upcoming fiscal year.