Finance Committee, 6/18/26

The City of Norman City Council Finance Committee met on June 18, 2026, to review monthly revenue and expenditure reports and discuss park impact fees. The Finance Director reported a 10.87% increase in sales tax revenue, with notable gains in department stores and jewelry merchants, and a 32% year-to-date increase in hotel motel tax. Expenditures in the general fund were down slightly. The committee also discussed the financial status and recent renovations of the Westwood golf course. A significant portion of the meeting focused on proposed updates to the city's park impact fee ordinances, which have not been updated in over 30 years. The Parks Director outlined recommendations to simplify and consolidate multiple small fee buckets into larger quadrant-based funds to enable more timely park development. The proposal includes adjusting fees based on park type and promoting private parks maintained by homeowners associations. The committee emphasized the need for reserve funds to front-load park construction and discussed engaging with local builders for feedback before bringing the proposal to the full council. No specific contract awards or vendor selections were mentioned, but the discussion centered on capital improvement funding and ordinance revisions affecting future park development procurement.