File #: 2016-0508    Version: 1
Type: Finance Status: Passed
File created: 11/18/2016 In control: City Council Regular Meeting
On agenda: Final action: 12/12/2016
Title: FY 2016 4th Quarter Budget Amendments
Attachments: 1. 121216 Agenda Summary.pdf, 2. Suppl Presentation.pdf, 3. 4th Qtr BA [Overview].pdf, 4. 4th Qtr BA [Amendment Detail].pdf, 5. 4th Qtr BA [Adjustment Detail].pdf, 6. 4th Qtr BA [RARA Detail].pdf, 7. Public Hearing Notice.pdf, 8. Resolution (Draft).pdf
Title
FY 2016 4th Quarter Budget Amendments

Body
Whereas, in accordance with the provisions of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, and the Charter for the City of Rochester Hills, Chapter III Section 3.7, the City Council may amend the budget during the fiscal year, either on its own initiative or upon recommendation of the Mayor; and

Whereas, the Public Hearing for the proposed FY 2016 4th Quarter Budget Amendments was noticed on November 22, 2016; and

Whereas, the proposed FY 2016 4th Quarter Budget Amendments were available for public viewing beginning on December 2, 2016; and

Whereas, at its December 12, 2016 meeting City Council held a Public Hearing on the proposed FY 2016 4th Quarter Budget Amendments.

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following FY 2016 fund totals as amended:

2016 Current Net 2016 Proposed
FUND Budget Change Budget
Fund 101 - General Fund 24,995,900 (1,849,700) 23,146,200
Fund 202 - Major Road Fund 7,508,760 (2,483,910) 5,024,850
Fund 203 - Local Street Fund 11,052,510 (1,043,430) 10,009,080
Fund 206 - Fire Fund 10,171,450 91,080 10,262,530
Fund 207 - Special Police Fund 9,669,300 (121,090) 9,548,210
Fund 213 - RARA Millage Fund 612,250 840 613,090
Fund 214 - Pathway Millage Fund 615,270 58,760 674,030
Fund 232 - Tree Fund 211,180 (94,000) 117,180
Fund 244 - Water Resources Fund 1,551,930 (665,050) 886,880
Fund 265 - OPC Millage Fund 1,068,930 290 1,069,220
Fund 299 - Green Space Millage Fund 2,213,800 (7,950) 2,205,850
Fund 313 - Street Improvement Bond - 2001 Series Fund 261,800 - 261,800
Fund 314 - SAD Street Improvement Bond - 2001 Series Fund 288,530 - 288,530
Fund 331 - Drain Debt Fund 202,990 - 202,990
Fund 369 - Older Persons Building Bond Refunding Fund 785,530 (600) 784,930
Fund 393 - Municipal Building Refunding Bond - 2010 Series Fund 769,350 - 769,350
Fund 394 - Local Street Refun...

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