The Norman Transcript

Government

April 21, 2013

Norman’s General Fund depleted by 93 percent in just six years

NORMAN — Norman’s General Fund balance was $12.6 million following Fiscal Year 2008. At the end of FY 2014 that fund balance is projected to be $849,149 — a 93 percent decrease in six years.

City Finance Director Anthony Francisco said this week total city expenditures will again exceed total revenue in the proposed FY 2014 budget. While the Norman City Council is required by state law to approve a balanced budget, the city has been balancing its budget in recent years using carryover from the previous years’ accumulated General Fund.

“We’ve been drawing that (General Fund Balance) down over the last few years,” Franciso said.

The $12.6 million the city had accumulated in 2008 is “about what our general fund balance should be,” Francisco said.

The General Fund balance does not include roughly $1.5 million the council has set aside in the city’s Rainy Day fund.

“It doesn’t change the general dynamics that the fund balance is down,” said Mayor Cindy Rosenthal, “Coming out of the recession, we have been spending more than we have been bringing in, but the 2008 figures are before we separated out the PSST money.”

Currently, the Public Safety Sales Tax money is maintained in a separate fund and is used for specified police and fire personnel. Additionally, PSST money is paying for some badly needed equipment purchases and the construction of Fire Stations No. 8 and No. 9.

The PSST fund does have some excess money that is being reserved for salaries, pending its renewal when that special tax expires in 2015. Currently, the PSST fund balance is $9.4 million.

The city has budgeted to replace the computer aided dispatch system, renovate the Smalley Operations Center on Lindsey Street, buy a new fire boom truck and a a new fire pumper during FY 2013 out of PSST funds. Additionally, several trucks and other fire apparatus are budgeted to be purchased in FY 2014.

Text Only | Photo Reprints
Government
  • Officials say transparency lacking in Wal-Mart zoning

    Norman city staff recently admitted to withholding information from the public regarding a controversial zoning change in southeast Norman. If approved by the city council, the proposal will allow a Wal-Mart supercenter at Cedar Lane and ...

    July 25, 2014

  • Fracking Operation Norman library to host community dialogue about fracking

    Are Oklahoma oil companies an oligarchy that is controlling state policy? Is fracking safe? These and other topics will be the subject of an upcoming Fracking Forum from 7 to 8:30 p.m. Aug. 11 in the Norman Public Library’s Lowry Room, 225 ...

    July 24, 2014 1 Photo

  • City manager calls Moore strong while addressing Chamber

    MOORE — Moore’s City Manager Steve Eddy could have quoted Dickens: “It was the best of times, it was the worst of times.” Eddy, with help from Mayor Glenn Lewis, reported on Tuesday on the State of the City to the Moore Chamber of ...

    July 23, 2014

  • walmart City leaders say ‘yes’ to Wal-Mart supercenter postponement

    Despite complaints that a postponement request was in the eleventh hour, a zoning change in east Norman was put on hold Tuesday night. The proposal to rezone property at Cedar Lane Road between 24th Avenue Southeast and Highway 77 ...

    July 23, 2014 1 Photo

  • Moore City Council paves way for Sam’s Club location

    MOORE — The Moore City Council approved a $5 million bond Tuesday to be repaid with sales tax and utility revenues. “A good amount of street improvements needs to be done,” Moore City Manager Steve Eddy said. “This will be paid for with ...

    July 22, 2014

  • Another brick in the Wal-Mart

    Norman could soon have five Wal-Mart stores, including three supercenters and two neighborhood markets. A proposal for the newest supercenter will come before the Norman City Council at 6:30 p.m. Tuesday via a request for a zoning change on ...

    July 20, 2014

  • Local group celebrates ruling

    A local group, Mothers of Many, expressed its elation with Friday’s 10th Circuit Court ruling striking down Oklahoma’s state ban on same-sex marriage....

    July 20, 2014

  • Leftover loss still hurting

    OKLAHOMA CITY — Cities, counties and school districts remain frozen out of a federal program that has sent millions of dollars worth of trenchers, trailers, semis, bulldozers, boats and forklifts and other equipment over the years....

    July 19, 2014

  • City and state briefs

    Transportation needs listed The White House released a new report this week from the Council of Economic Advisers and National Economic Council on the long-term economic benefits of transportation investment and why conditions in the ...

    July 17, 2014

  • Griffin Park 6 Proposal requests improving, expanding youth sports facilities

    Improving and expanding Norman’s youth sports facilities will generate revenue in tourism dollars, say advocates of Norman Forward, a grassroots initiative launched last week. The package proposed by Norman business leaders and community ...

    July 16, 2014 1 Photo