Title
CONSIDERATION OF ACKNOWLEDGMENT OF THE FISCAL YEAR 2017-2018 CENTRAL OKLAHOMA MASTER CONSERVANCY DISTRICT (COMCD) BUDGET AND DIRECTING THE INCLUSION OF THAT AMOUNT APPLICABLE IN THE PROPOSED FISCAL YEAR 2018 CITY OF NORMAN BUDGET.
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The City of Norman is a member city of the Central Oklahoma Master Conservancy District (“COMCD”). COMCD was created as an operational and governing structure for Lake Thunderbird when the lake was built in the 1960s. Other member cities include Midwest City and Del City. The City of Norman appoints three representatives to the COMCD Board that hire and oversee the General Manager of COMCD. The current General Manager of COMCD is Mr. Randy Worden. Mr. Worden has submitted the Final Budget for COMCD for the fiscal year beginning July 1, 2017 and ending June 30, 2018.
A significant change to the upcoming budget is the elimination of the ‘Annual Repayment Total’ as the debt to the reservoir ended with the final payment in September 2016. This reduced the budget by $516,072 from last year.
Other changes to the budget were: an increase of $20,000 in the Maintenance category for work needed to the dam/spillway from the increased water flows caused by the flooding last year; the category of Professional Services was reduced by $170,000 for finalizing the pilot project plan for reuse and $180,000 for the pilot project to test for and report on Contaminants of Emergency Concern (CECs) in the reservoir. These projects were replaced by an increase of $250,000 for a Shoreline Stabilization Research Project and $250,000 for consulting engineering review of Del City Pipeline replacement project.
New Capital Assets to replace and purchase equipment was reduced by $32,000 from last year. The Capital Assets Replacement Reserve Fund of $250,000 was not funded last year but is included in this year’s budget to establish a fund for larger capital future needs.
The net effect of these changes was an overall reduction in the budget of approximately $100,000.
The proposed Fiscal Year 2017-2018 Central Oklahoma Master Conservancy District Budget was approved by the Board on January 5, 2017.