File #: 2010-0235    Version: 1
Type: Finance Status: Passed
File created: 5/14/2010 In control: City Council Regular Meeting
On agenda: Final action: 5/24/2010
Title: FY 2010 2nd Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2010 2nd Qtr BA Overview Final.pdf, 3. 2010 - 2nd Qtr Budget Amendments.pdf, 4. 2010 - 2nd Qtr Budget Adjustments .pdf, 5. 2010 - Budget Amendments.pdf, 6. Public Hearing Notice.pdf, 7. Resolution.pdf

Title

FY 2010 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 2010 2nd Quarter Budget Amendments was noticed on April 29, 2010; and

 

Whereas, the proposed 2010 2nd Quarter Budget Amendments were available for public viewing beginning on May 14, 2010; and

 

Whereas, at its May 24, 2010 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 2010 fund totals as amended:

 

 101 - General Fund                                             $    25,944,730

 202 - Major Road Fund                                               5,329,350

 203 - Local Street Fund                                              6,718,740

 206 - Fire Fund                                                           7,927,420

 214 - Pathway Maintenance                                          666,480

 232 - Tree Fund                                                               38,910

 313 - Street Improvements (2001 Series)                       268,770

 314 - SAD Street Improvements (2001 Series)               216,800

 325 - Street Improvements (2002 Series)                       433,740

 331 - Drain Debt Millage Fund                                    2,307,670

 368 - OPC Building Debt Fund                                       779,350

 391 - 1998 Refunding Debt Fund                                 1,408,180

 402 - Fire Capital Fund                                                  355,500

 403 - Pathway Construction Fund                               1,756,800

 420 - Capital Improvement Fund                                   151,810

 592 - W&S Operating Fund                                       30,603,190

 593 - W&S Capital Fund                                             5,781,620

 631 - Facilities Fund                                                   5,106,040

 736 - Retiree Healthcare Trust Fund                             212,220

 848 - LDFA Fund                                                           884,550

 

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.