Meeting Summary
The Finance Committee reviewed the proposed FY 2017 budgets for Public Transportation and Parking, Public Works, and Utilities. Discussions covered ongoing bus replacement plans, the proposed elimination of the Link transportation service, significant progress on bond projects and street maintenance, and major capital improvements for water and wastewater infrastructure. The meeting also included a recognition of Utilities Director Marsha Slaughter's service.
Upcoming Community Events
Ward 8 Parks Capital Improvements Workshop
6:00 PM - 8:00 PM at Church of the Servant
Financial Matters
Public Transportation and Parking Combined Operating Budget
Total proposed operating budget for FY 2017, with 74% allocated to bus service, 23% to parking, and 3% to Bike Share and Ferry service.
Parking Funding Sources
Off-street parking is self-sufficient. Revenues include $5.4 million from monthly parkers, $2 million from events, and $1 million from daily transient parking. A parking rate increase was approved by the KATPA Board, effective September 1, 2016.
Transit Funding Sources
Total transit budget just over $28 million. City operating budget contributes $16 million (56%), federal funds $7 million (26%), state funds $1 million (4%), and fares $3.2 million (11%).
Public Works Overall Budget Reduction
Net reduction in overall cost for the Public Works Department for the upcoming fiscal year.
Street Maintenance Materials Funding Increase
Increase in funding for Street Maintenance materials to improve city streets.
Utilities Total Sources and Uses of Funds
Total funds for Aqua and OEC trusts, including $134 million in debt financing for a large water Capital Improvement Program.
Utilities Budget Overview
Total budget for Utilities Department operations.
May Avenue Bridge Cleanup Cost
Estimated cost for the initial cleanup of the May Avenue bridge after the accident.
May Avenue Bridge Repair Cost
Estimated cost for the full repair of the May Avenue bridge.
Coming Up
Watch For
- Solid Waste options presentation on May 31st.
- Budget presentations for Parks Department, Airports, and Development Services on June 7th.
- Budget adoption on June 14th.
Announcements
- Boeing announced a $11.3 billion contract for 100 planes.
- GE announced a $1.4 billion industry and manufacturing project in Oklahoma City.
- Utilities Director Marsha Slaughter is giving her final budget presentation.
Agenda Summary
Public Transportation and Parking FY 2017 Proposed Budget
Presentation on the department's strategic planning, FY16 accomplishments (ridership growth, night bus expansion, bus shelters), challenges (equipment, workforce, service growth), and the proposed FY17 budget, including bus replacement plans and the proposed elimination of the Link transportation service.
Public Works FY 2016-17 Proposed Budget
Presentation on the department's mission, budget changes (reductions, reorganizations, increased street maintenance funding), progress on GEO Bond projects (streets, Intermodal Hub, Municipal Courts, Project 180), Field Services, Oklahoma River Corridor maintenance, Storm Water Quality programs (household hazard waste, public outreach), street condition, pothole program, traffic operations, and the sidewalk repair program.
Utilities Department Proposed Budget
Presentation on the department's target numbers, key performance measures (workforce safety, development, financial management, service reliability, regulatory compliance, environmental stewardship), funding sources (Aqua and OEC trusts), budget changes (valve maintenance, sludge dewatering facility), and the extensive capital improvement program for water, wastewater, and solid waste infrastructure.