File #: 2012-0204    Version: 1
Type: Finance Status: Passed
File created: 5/22/2012 In control: City Council Regular Meeting
On agenda: Final action: 6/18/2012
Title: FY 2012 2nd Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2012 - 2nd Qtr BA - Overview.pdf, 3. 2012 - 2nd Qtr BA - Amendment Detail.pdf, 4. 2012 - 2nd Qtr BA - Adjustment Detail.pdf, 5. Public Hearing Notice.pdf, 6. Resolution.pdf

Title

FY 2012 2nd 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, in accordance with Section 19 of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, the City Council may permit the Mayor to execute adjustments to the budget within limits;

 

Whereas, the Public Hearing for the proposed 2012 2nd Quarter Budget Amendments was noticed on May 22, 2012; and

 

Whereas, the proposed 2012 2nd Quarter Budget Amendments were available for public viewing beginning on June 8, 2012; and

 

Whereas, at its June 18, 2012 meeting City Council held a Public Hearing on the proposed 2nd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following 2012 fund totals as amended:

 

  101 - General Fund

$

       24,318,750

  202 - Major Road Fund

 

         5,538,850

  203 - Local Street Fund

 

         6,564,960

  206 - Fire Fund

 

         7,345,510

  207 - Special Police

 

         9,111,220

  211 - Perpetual Care Fund

 

              44,980

  213 - RARA Millage Fund

 

            576,080

  214 - Pathway Maintenance

 

            549,890

  232 - Tree Fund

 

              52,950

  244 - Water Resources Fund

 

            668,530

  265 - OPC Millage Fund

 

            973,100

  299 - Green Space Fund

 

            896,080

  313 - Street Improvements (2001 Series)

 

            252,570

  314 - Street Improvements (2001 Series SAD)

 

            253,630

  331 - Drain Debt Fund

 

         1,314,370

  369 - OPC Building Refunding

 

            739,740

  402 - Fire Capital Fund

 

              50,000

  403 - Pathway Construction Fund

 

            477,500

  420 - Capital Improvement Fund

 

            295,960

  592 - W&S Operating Fund

 

       31,170,850

  593 - W&S Capital Fund

 

         5,853,570

  631 - Facilities Fund

 

         5,289,040

  636 - MIS Fund

 

         1,872,960

  661 - Fleet Equipment Fund

 

         4,254,950

  736 - Retiree Healthcare Trust Fund

 

            260,350

  843 - Brownfield Redevelopment Fund

 

              39,270

  848 - LDFA Fund

 

            600,860

  851 - Smart Zone Fund

 

              80,740

  893 - EDC Fund

 

                  670

 

and, Therefore, Be It Further Resolved, the Mayor is authorized to administratively adjust the operating budget line-items up to $25,000 per event, but in no case may total expenditures of a particular fund exceed that which is appropriated by the City Council without a Budget Amendment.