The City of Bartlesville 2021-22 Fiscal Year Audit is complete with no outstanding issues, CFO/City Clerk Jason Muninger told the City Council on Monday.
“We received the highest opinion possible, so that is always good news,” Muninger said.
Audit highlights
- For the fiscal year ending June 30, 2021, the City’s total net position increased by $5.5 million, or 2.65 percent from the prior year.
- During the year, the City’s expenses for governmental activities were $36.5 million and were funded by program revenues of $10.4 million and further funded with taxes and other general revenues that totaled $30.2 million.
- In the City’s business-type activities, such as utilities, program expenses exceed program revenues by $0.3 million. Taxes increased by $1.4 million, or 5.2 percent over the prior fiscal year.
- At June 30, 2021, the General Fund reported an unassigned fund balance of $4.6 million, which is an increase of 25.4 percent from the prior year unassigned fund balance.
- For budgetary reporting purposes, the General Fund reported revenues over estimates of $1.6 million, or 7.7 percent, while expenditures were under the final appropriations by $0.6 million or 2.5 percent.
Noteworthy changes to the City’s capital assets include more than $1.4 million in street projects completed, the construction of the City Skate Park at a cost of $413,000 and Phase 3 of the Price Fields Rehabilitation Project, costing more than $3.7 million.
“The City has retained its AA- bond rating, making it one of the highest in the state for public entities,” Muninger said. “We added an additional $1.8 million to the Stabilization Reserve Fund, bringing the total to $9.3 million, or 26.9 percent of budgeted expenditures.”
Other actions taken during the meeting include:
Caney River Raw Water Intake project
The council voted to approve a change order relating to the Caney River Raw Water Intake, located in Johnstone Park on the bank of the Caney River. Improvements underway on the structure, constructed in the 1940s, include the replacement of the pumps, electrical, added variable frequency drives (for energy efficiency for the pump operation), as well as renovation of the exterior of the station. Once complete, the overall capacity of the raw water pump station will be 6.5 million gallons of water per day (MGD).
The contract for the construction is with Crossland Heavy Contractors for $1.2 million, considerably under the budget of $1.5 million. The change order, which includes a number of items necessary to complete the project, will bring the cost to $1.3 million and add 52 days to the contract.
Sidewalks code amended
The council voted 5-0 to amend the municipal code clarifying when landowners and developers are responsible for construction of sidewalk during the land subdivision and building and development process. The provisions are based on a City of Tulsa model that was enacted in 2019 and 2020. For details, contact the Community Development Department at 918.338.4238 or visit the second floor of City Hall, located at 401 S. Johnstone Ave.