(Enid, OK) City of Enid accounting manager Jennifer Smith told city commissioners during annual budget presentations on Tuesday that the city’s largest funding authority is budgeting $62 million for expenses in the next fiscal year, starting in July. Making it $7 million more than the city’s current budget year.
The increase can largely be accredited to Enid Municipal Authority’s $6.99 million proposed increase in transfers of funding to the capital project departments.
A majority of the Enid Municipal Authority’s operating expenses involve transfers. This year’s transfers were budgeted at $32.5 million for the 2021-22 fiscal year.
The capital improvement department will also receive $2.1 million more next year in EMA transfers, a projected $5.4 million overall.
Enid’s street and alley department will receive $3 million in transfers next year, coming to a total projected $4.98 million.
The utility maintenance department is also increasing its expenses by $200,000 to add two new positions and supplies for concrete repair, including a new truck for the concrete repair positions.
The city is expecting a projected $55.9 million in EMA revenue, having reduced revenue by 10% due to uncertainty about COVID-19 last year, which would bring EMA to a $7 million deficit.
Most of the EMA’s revenue is projected to come from $20 million from water utilities (36%) and $17 million in sales tax revenue (32%).
The city expects a $2.2 million increase in total proposed revenue from last year because of the sales tax, including $300,000 in buy-back of solid waste trucks in July.
The city of Enid, overall, is proposing $169,902,217 in budgeted revenue and $179,478,369 in expenses for the fiscal year of 2021-22.
