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CONSIDERATION OF ACKNOWLEDGMENT OF THE FISCAL YEAR 2019-2020 CENTRAL OKLAHOMA MASTER CONSERVANCY DISTRICT (COMCD) BUDGET AND DIRECTING THE INCLUSION OF THAT AMOUNT APPLICABLE IN THE PROPOSED FISCAL YEAR 2020 CITY OF NORMAN BUDGET.
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INFORMATION: 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, 2019 and ending June 30, 2020.
Changes to the budget included an increase of $10,000 in the Maintenance category for work needed to the dam/spillway. Insurance went up by $2,000 and Professional Services for engineering/inspection for the design of the Del City Pipeline was reduced by $20,000. The construction for the Del City pipeline will start next year.
New Capital Assets to replace and purchase equipment was continued from last year. The Capital Assets Replacement Reserve Fund of $250,000 will continue to be funded 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 $25,480. Norman’s portion of the budget, including estimated power costs for pumping, is $1,136,440.56 which is a reduction of $11,873.31 from last year.
The proposed Fiscal Year 2019-2020 Central Oklahoma Master Conservancy District Budget was approved by the Board on .