Title
2004 Budget - General and Special Revenue Funds
Body
Whereas, in accordance with the provisions of Public Act 2 of 1968, Public Act 621 of 1978, the Uniform Budgeting and Accounting Act for Local Government, and the Charter for the City of Rochester Hills, Chapter III, Section 3.2, the Mayor as the Chief Executive Officer shall prepare the budget proposal for the ensuing year and shall submit it to the Council at its first meeting in August; and
Whereas, at its August 6, 2003 meeting City Council acknowledged receipt from the Mayor of the proposed 2004 Budget Plan and set a Public Hearing to be held September 3, 2003 at 7:30 p.m. to hear comments on the proposed Budget Plan; and
Whereas, at its September 17, 2003 meeting City Council adopted the tax rates in accordance with Chapter IV, Taxation, specifically Section 4.1, Power to Tax and Secure Revenue, and Section 4.2, Charter Tax Rate & Special Voted Millages Limitation, to be levied in December 2003 to provide the tax revenues included in the Proposed 2004 Budget.
Resolved, that the City Council of the City of Rochester Hills hereby adopts the General Fund Budget for 2004 as follows:
Fund Balance $ 206,367
City Taxes $ 9,524,081
Licenses & Permits $ 1,642,000
State Shared Revenue $ 5,816,993
Charges for Service $ 4,928,007
Fines & Forfeitures $ 109,000
Investment Earnings $ 130,000
Other Revenue $ 222,110
Total General Fund Revenues $ 22,578,558
Total General Fund Expenditures $ 22,578,558
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Major Road Fund Budget for 2004 as follows:
Fund Balance $ 547,907
State Shared Revenue $ 3,178,267
Charges for Service $ 262,920
Investment Earnings $ 100,000
Other Revenue $ 921,000
Transfer-In $ 1,571,230
Total Major Road Fund Revenues $ 6,581,324
Total Major Road Fund Expenditures $ 6,581,324
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Local Road Fund Budget for 2004 as follows:
Fund Balance $ 1,892,555
Licenses & Permits $ 36,000
State Shared Revenue $ 1,197,083
Municipal Contributions $ 40,000
Charges for Service $ 91,700
Investment Earnings $ 65,000
Other Revenue $ 52,247
Transfer-In $ 1,294,567
Total Local Road Fund Revenues $ 4,669,152
Total Local Road Fund Expenditures $ 4,669,152
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Fire Fund Budget for 2004 as follows:
Fund Balance $ 560,712
City Taxes $ 5,828,358
Charges for Service $ 590,455
Fines & Forfeitures $ 6,000
Investment Earnings $ 40,000
Other Revenue $ 4,000
Transfer-In $ 50,000
Total Fire Fund Revenues $ 7,079,525
Total Fire Fund Expenditures $ 7,079,525
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Special Police Protection Fund Budget for 2004 as follows:
Fund Balance $ 121,768
City Taxes $ 3,796,021
State Shared Revenue $ 66,000
Municipal Contributions $ 182,411
Charges for Service $ 96,400
Fines & Forfeitures $ 369,100
Investment Earnings $ 30,000
Transfer-In $ 2,566,700
Total Special Police Protection Fund Revenues $ 7,228,400
Total Special Police Protection Fund Expenditures $ 7,228,400
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the VanHoosen Jones Stoney Creek Perpetual Care Fund Budget for 2004 as follows:
Charges for Service $ 50,000
Investment Earnings $ 10,000
Total Stoney Creek Perpetual Care Fund Revenues $ 60,000
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Rochester-Avon Recreation Authority (R.A.R.A.) Millage for 2004 as follows:
City Taxes $ 494,270
Total Rochester-Avon Recreation Authority Revenues $ 494,270
Total Rochester-Avon Recreation Authority Expenditures $ 494,270
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Pathway Millage Fund Budget for 2004 as follows:
City Taxes $ 584,359
Investment Earnings $ 4,000
Total Pathway Millage Fund Revenues $ 588,359
Total Pathway Millage Fund Expenditures $ 588,359
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Solid Waste Management Fund Budget for 2004 as follows:
Fund Balance $ 72,625
Investment Earnings $ 800
Total Solid Waste Management Fund Revenues $ 73,425
Total Solid Waste Management Fund Expenditures $ 73,425
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Public Improvement Drains Fund Budget for 2004 as follows:
City Taxes $ 1,258,606
State Shared Revenue $ 250,000
Licenses & Permits $ 500
Charges for Service $ 127,500
Investment Earnings $ 40,000
Other Revenue $ 9,456,000
Total Public Improvement Drains Fund Revenues $ 11,132,606
Total Public Improvement Drains Fund Expenditures $ 11,132,606
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Development Finance Authority Fund Budget for 2004 as follows:
Fund Balance $ 84,135
City Taxes $ 185,296
Municipal Contributions $ 183,934
Investment Earnings $ 25,000
Transfer-In $ 121,635
Total Local Development Finance
Authority Fund Revenues $ 600,000
Total Local Development Finance
Authority Fund Expenditures $ 600,000
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Older Persons Millage Fund Budget for 2004 as follows:
City Taxes $ 824,630
Total Older Persons Millage Fund Revenue $ 824,630
Total Older Persons Millage Fund Expenditures $ 824,630
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road Improvement Bond Debt-2001 Series Fund Budget for 2004 as follows:
Transfer-In $ 170,750
Total Local Road Improvement Bond Debt-
2001 Series Fund Revenues $ 170,750
Total Local Road Improvement Bond Debt-
2001 Series Fund Expenditures $ 170,750
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road SAD Bond Debt - 2001 Series Fund Budget for 2004 as follows:
Fund Balance $ 41,897
Investment Earnings $ 29,601
Other Revenue $ 26,977
Transfer-In $ 126,325
Total Local Road SAD Bond Debt -
2001 Series Fund Revenues $ 224,800
Total Local Road SAD Bond Debt -
2001 Series Fund Expenditures $ 224,800
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road Improvement Bond Debt-2002 Series Fund Budget for 2004 as follows:
Transfer-In $ 326,136
Total Local Road Improvement Bond Debt-
2002 Series Fund Revenues $ 326,136
Total Local Road Improvement Bond Debt-
2001 Series Fund Expenditures $ 326,136
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Drain Debt Fund Budget for 2004 as follows:
City Taxes $ 1,813,050
Investment Earnings $ 4,000
Total Drain Fund Revenues $ 1,817,050
Total Drain Fund Expenditure $ 1,817,050
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road Improvement Bond Debt-1989 Series Fund Budget for 2004 as follows:
Fund Balance $ 23,998
Investment Earning $ 400
Other Revenue $ 14,711
Transfer-In $ 67,691
Total Local Road Improvement Bond Debt-
1989 Series Fund Revenues $ 106,800
Total Local Road Improvement Bond Debt-
1989 Series Fund Expenditures $ 106,800
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road Improvement Bond Debt-1994 Series Fund Budget for 2004 as follows:
Fund Balance $ 103,099
Investment Earnings $ 16,243
Other Revenue $ 14,126
Transfer-In $ 65,775
Total Local Road Improvement Bond Debt-
1994 Series Fund Revenues $ 199,243
Total Local Road Improvement Bond Debt-
1994 Series Fund Expenditures $ 199,243
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Local Road Improvement Bond Debt-1995 Series Fund Budget for 2004 as follows:
Fund Balance $ 113,406
Investment Earnings $ 15,213
Other Revenue $ 17,026
Transfer-In $ 41,050
Total Local Road Improvement Bond Debt-
1995 Series Fund Revenues $ 186,695
Total Local Road Improvement Bond Debt-
1995 Series Fund Expenditures $ 186,695
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the OPC Building Bond Debt Fund Budget for 2004 as follows:
Fund Balance $ 39,720
City Taxes $ 666,905
Investment Interest $ 2,400
Total OPC Building Bond Debt Revenues $ 709,025
Total OPC Building Bond Debt Expenditures $ 709,025
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Municipal Building Bond Debt Fund Budget for 2004 as follows:
Transfer-In $ 700,284
Total Municipal Building Bond Debt Revenues $ 700,284
Total Municipal Building Bond Debt Expenditures $ 700,284
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the General Obligation Refunding Bonds- 1998 Series Fund Budget for 2004 as follows:
City Taxes $ 187,495
Investment Earnings $ 2,000
Total Refunding Bonds Revenue $ 189,495
Total Refunding Bonds Expenditures $ 189,495
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the General Obligation Refunding Bonds-2002 Series Fund Budget for 2004 as follows:
City Taxes $ 1,377,150
Investment Earnings $ 4,000
Total Refunding Bonds Revenues $ 1,381,150
Total Refunding Bonds Expenditures $ 1,381,150
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Michigan Transportation Refunding Bonds-1998 Series Fund Budget for 2004 as follows:
Transfer-In $ 480,810
Total Refunding Bonds Revenues $ 480,810
Total Refunding Bonds Expenditures $ 480,810
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Fire Apparatus Fund Budget for 2004 as follows:
Investment Interest $ 30,000
Transfer-In $ 1,425,743
Total Fire Apparatus Fund Revenues $ 1,455,743
Total Fire Apparatus Fund Expenditures $ 1,455,743
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Pathway Construction Fund Budget for 2004 as follows:
Charges for Service $ 2,600
Investment Earnings $ 15,000
Transfer-In $ 416,762
Total Pathway Construction Fund Revenues $ 434,362
Total Pathway Construction Fund Expenditures $ 434,362
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Capital Improvement Plan Fund Budget for 2004 as follows:
Investment Earnings $ 7,000
Transfer-In $ 766,215
Total Capital Improvement Plan Fund Revenues $ 773,215
Total Capital Improvement Plan Fund Expenditures $ 773,215
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Economic Development Corporation Fund Budget for 2004 as follows:
Fund Balance $ 645
Investment Earnings $ 20
Total Economic Development Corporation
Fund Revenues $ 665
Total Economic Development Corporation
Fund Expenditure $ 665