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File #:
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2023-0534
Version:
1
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Type:
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Finance
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Status:
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Passed
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On agenda:
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12/11/2023
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Final action:
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12/11/2023
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Title:
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FY 2023 4th Quarter Budget Amendments
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Title
FY 2023 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 2023 4th Quarter Budget Amendments was noticed on November 21, 2023; and
Whereas, the proposed FY 2023 4th Quarter Budget Amendments were available for public viewing beginning on December 1, 2023; and
Whereas, at its December 11, 2023 meeting City Council held a Public Hearing on the proposed FY 2023 4th Quarter Budget Amendments.
Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby adopts the following FY 2023 fund totals as amended:
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FUND |
2023 Current Budget Net Change |
2023 Proposed Budget |
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Fund 101 – General Fund |
$ 31,502,460 |
$ 444,270 |
$ 31,946,730 |
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Fund 202 – Major Road Fund |
$ 8,528,360 |
$ (612,060) |
$ 7,916,300 |
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Fund 203 – Local Street Fund |
$ 10,868,300 |
$ (757,950) |
$ 10,110,350 |
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Fund 206 – Fire Fund |
$ 14,168,790 |
$ 274,370 |
$ 14,443,160 |
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Fund 207 – Special Police Fund |
$ 10,947,730 |
$ 1,600 |
$ 10,949,330 |
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Fund 208 - Park Infrastructure Fund |
$ 697,280 |
$ 1,910 |
$ 699,190 |
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Fund 213 – RARA Millage Fund |
$ 765,000 |
$ - |
$ 765,000 |
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Fund 214 – Pathway Millage Fund |
$ 755,410 |
$ 10,220 |
$ 765,630 |
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Fund 232 – Tree Fund |
$ 169,000 |
$ (10,000) |
$ 159,000 |
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Fund 244 – Water Resources Fund |
$ 794,110 |
$ (22,880) |
$ 771,230 |
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Fund 265 – OPC Millage Fund |
$ 1,707,650 |
$ 340 |
$ 1,707,990 |
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Fund 285 - ARPA Fund |
$ 6,547,510 |
$ (59,030) |
$ 6,488,480 |
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Fund 286 - EGLE Grant Fund |
$ 60,000 |
$ - |
$ 60,000 |
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Fund 299 – Green Space Millage Fund |
$ 372,030 |
$ 380,100 |
$ 752,130 |
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Fund 331 – Drain Debt Fund |
$ 222,120 |
$ - |
$ 222,120 |
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Fund 402 – Fire Capital Fund |
$ 3,385,030 |
$ (2,389,240) |
$ 995,790 |
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Fund 403 – Pathway Construction Fund |
$ 799,730 |
$ (80,900) |
$ 718,830 |
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Fund 420 – Capital Improvement Fund |
$ 12,075,050 |
$ (3,856,470) |
$ 8,218,580 |
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Fund 510 – Sewer Operations |
$ 16,552,520 |
$ (858,320) |
$ 15,694,200 |
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Fund 530 – Water Operations |
$ 23,059,100 |
$ (626,320) |
$ 22,432,780 |
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Fund 593 – Water & Sewer Capital Fund |
$ 22,585,640 |
$ (7,766,460) |
$ 14,819,180 |
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Fund 595 – Water & Sewer Debt Fund |
$ 1,159,370 |
$ - |
$ 1,159,370 |
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Fund 596 - Solid Waste Fund |
$ 688,640 |
$ - |
$ 688,640 |
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Fund 631 – Facilities Fund |
$ 29,965,350 |
$ (5,834,440) |
$ 24,130,910 |
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Fund 636 – MIS Fund |
$ 3,465,530 |
$ (367,770) |
$ 3,097,760 |
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Fund 661 – Fleet Fund |
$ 8,184,540 |
$ (1,659,910) |
$ 6,524,630 |
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Fund 677 – Insurance Fund |
$ 454,000 |
$ - |
$ 454,000 |
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Fund 736 – Retiree Health Care Trust |
$ 263,330 |
$ (56,850) |
$ 206,480 |
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Fund 752 – Cemetery Perpetual Care Fund |
$ 5,000 |
$ - |
$ 5,000 |
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Fund 761 - Green Space Perpetual Care Trust |
$ 336,560 |
$ 440,000 |
$ 776,560 |
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Fund 243 - Brownfield Revolving Fund |
$ - |
$ - |
$ - |
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Fund 844 – Brownfield Redevelopment Fund-Legacy |
$ 430,600 |
$ (5,000) |
$ 425,600 |
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Fund 848 – LDFA Fund |
$ 1,130,910 |
$ (302,190) |
$ 828,720 |
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Fund 870 – Museum Foundation Trust Fund |
$ 100 |
$ (80) |
$ 20 |
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GRAND TOTAL |
$ 212,646,750 |
$ (23,713,060) |
$ 188,933,690 |
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