File #: 2023-0534    Version: 1
Type: Finance Status: Passed
File created: 11/14/2023 In control: City Council Regular Meeting
On agenda: 12/11/2023 Final action: 12/11/2023
Title: FY 2023 4th Quarter Budget Amendments
Attachments: 1. 121123 Agenda Summary.pdf, 2. Overview.pdf, 3. Amendments.pdf, 4. Adjustments.pdf, 5. Public Hearing Notice.pdf, 6. Resolution (Draft).pdf

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:

 

 FUND

 2023 Current Budget         Net Change

2023 Proposed Budget

 

Fund 101 – General Fund

 $      31,502,460

 $          444,270

 $       31,946,730

Fund 202 – Major Road Fund

 $        8,528,360

 $        (612,060)

 $         7,916,300

Fund 203 – Local Street Fund

 $      10,868,300

 $        (757,950)

 $       10,110,350

Fund 206 – Fire Fund

 $      14,168,790

 $          274,370

 $       14,443,160

Fund 207 – Special Police Fund

 $      10,947,730

 $              1,600

 $       10,949,330

Fund 208 - Park Infrastructure Fund

 $           697,280

 $              1,910

 $            699,190

Fund 213 – RARA Millage Fund

 $           765,000

 $                    -  

 $            765,000

Fund 214 – Pathway Millage Fund

 $           755,410

 $            10,220

 $            765,630

Fund 232 – Tree Fund

 $           169,000

 $          (10,000)

 $            159,000

Fund 244 – Water Resources Fund

 $           794,110

 $          (22,880)

 $            771,230

Fund 265 – OPC Millage Fund

 $        1,707,650

 $                 340

 $         1,707,990

Fund 285 - ARPA Fund

 $        6,547,510

 $          (59,030)

 $         6,488,480

Fund 286 - EGLE Grant Fund

 $             60,000

 $                    -  

 $              60,000

Fund 299 – Green Space Millage Fund

 $           372,030

 $          380,100

 $            752,130

Fund 331 – Drain Debt Fund

 $           222,120

 $                    -  

 $            222,120

Fund 402 – Fire Capital Fund

 $        3,385,030

 $     (2,389,240)

 $            995,790

Fund 403 – Pathway Construction Fund

 $           799,730

 $          (80,900)

 $            718,830

Fund 420 – Capital Improvement Fund

 $      12,075,050

 $     (3,856,470)

 $         8,218,580

Fund 510 – Sewer Operations

 $      16,552,520

 $        (858,320)

 $       15,694,200

Fund 530 – Water Operations

 $      23,059,100

 $        (626,320)

 $       22,432,780

Fund 593 – Water & Sewer Capital Fund

 $      22,585,640

 $     (7,766,460)

 $       14,819,180

Fund 595 – Water & Sewer Debt Fund

 $        1,159,370

 $                    -  

 $         1,159,370

Fund 596 - Solid Waste Fund

 $           688,640

 $                    -  

 $            688,640

Fund 631 – Facilities Fund

 $      29,965,350

 $     (5,834,440)

 $       24,130,910

Fund 636 – MIS Fund

 $        3,465,530

 $        (367,770)

 $         3,097,760

Fund 661 – Fleet Fund

 $        8,184,540

 $     (1,659,910)

 $         6,524,630

Fund 677 – Insurance Fund

 $           454,000

 $                    -  

 $            454,000

Fund 736 – Retiree Health Care Trust

 $           263,330

 $          (56,850)

 $            206,480

Fund 752 – Cemetery Perpetual Care Fund

 $               5,000

 $                    -  

 $                5,000

Fund 761 - Green Space Perpetual Care Trust

 $           336,560

 $          440,000

 $            776,560

Fund 243 - Brownfield Revolving Fund

 $                     -  

 $                    -  

 $                     -  

Fund 844 – Brownfield Redevelopment Fund-Legacy

 $           430,600

 $            (5,000)

 $            425,600

Fund 848 – LDFA Fund

 $        1,130,910

 $        (302,190)

 $            828,720

Fund 870 – Museum Foundation Trust Fund

 $                  100

 $                 (80)

 $                     20

 GRAND TOTAL

 $    212,646,750

 $   (23,713,060)

 $     188,933,690