File #: 2015-0501    Version: 1
Type: Finance Status: Passed
File created: 11/17/2015 In control: City Council Regular Meeting
On agenda: Final action: 12/14/2015
Title: FY 2015 4th Quarter Budget Amendments
Attachments: 1. 121415 Agenda Summary.pdf, 2. 2015 - 4th Qtr BA - Overview.pdf, 3. 2015 - 4th Qtr BA - Account Detail (Adjustments).pdf, 4. 2015 - 4th Qtr BA - Account Detail (Amendments).pdf, 5. 2015 - 4th Qtr BA - Account Detail (RARA Amendments).pdf, 6. 2015 - Final Budget Analysis.pdf, 7. Public Hearing Notice.pdf, 8. Resolution (Draft).pdf

Title

FY 2015 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 2015 4th Quarter Budget Amendments was noticed on November 25, 2015; and

 

Whereas, the proposed FY 2015 4th Quarter Budget Adjustments and Amendments were available for public viewing beginning on December 4, 2015; and

 

Whereas, at its December 14, 2015 meeting City Council held a Public Hearing on the proposed FY 2015 4th Quarter Budget Adjustments and Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following FY 2015 fund totals as amended:

 

 

2015 Current

Net

2015 Proposed

 FUND

Budget

Change

Budget

 Fund 101 - General Fund

25,755,100

(1,760,920)

23,994,180

 Fund 202 - Major Road Fund

13,620,570

(2,898,220)

10,722,350

 Fund 203 - Local Street Fund

12,011,850

(1,233,590)

10,778,260

 Fund 206 - Fire Fund

9,865,320

1,640

9,866,960

 Fund 207 - Special Police Fund

9,477,590

(8,530)

9,469,060

 Fund 213 - RARA Millage Fund

594,240

-

594,240

 Fund 214 - Pathway Millage Fund

652,380

(27,320)

625,060

 Fund 232 - Tree Fund

145,280

(65,000)

80,280

 Fund 244 - Water Resources Fund

1,791,450

(893,220)

898,230

 Fund 265 - OPC Millage Fund

1,003,760

-

1,003,760

 Fund 299 - Green Space Millage Fund

3,079,910

13,630

3,093,540

 Fund 313 - Street Improvement Bond - 2001 Series Fund

273,180

-

273,180

 Fund 314 - SAD Street Improvement Bond - 2001 Series Fund

275,030

-

275,030

 Fund 331 - Drain Debt Fund

202,290

(160)

202,130

 Fund 369 - Older Persons Building Bond Refunding Fund

773,840

(820)

773,020

 Fund 393 - Municipal Building Refunding Bond - 2010 Series Fund

790,870

-

790,870

 Fund 394 - Local Street Refunding - 2011 Series Fund

494,820

-

494,820

 Fund 402 - Fire Capital Fund

3,408,550

(2,994,890)

413,660

 Fund 403 - Pathway Construction Fund

530,630

(346,950)

183,680

 Fund 420 - Capital Improvement Fund

3,678,120

(1,126,350)

2,551,770

 Fund 510 - Sewer Operations

15,521,070

(592,420)

14,928,650

 Fund 530 - Water Operations

18,220,600

(1,224,160)

16,996,440

 Fund 593 - Water & Sewer Capital Fund

11,724,390

(2,195,390)

9,529,000

 Fund 595 - Water & Sewer Debt Fund

1,541,040

-

1,541,040

 Fund 631 - Facilities Fund

12,948,260

(6,042,150)

6,906,110

 Fund 636 - MIS Fund

2,814,430

(607,840)

2,206,590

 Fund 661 - Fleet Fund

3,136,690

(31,350)

3,105,340

 Fund 677 - Insurance Fund

417,180

-

417,180

 Fund 736 - Retiree Health Care Trust

137,390

(15,820)

121,570

 Fund 752 - Cemetery Perpetual Care Trust

-

-

-

 Fund 761 - Green Space Perpetual Care Trust

-

-

-

 Fund 843 - Brownfield Redevelopment Fund

-

-

-

 Fund 848 - LDFA Fund

323,450

(13,330)

310,120

 Fund 851 - SmartZone Fund

85,000

-

85,000

 Fund 870 - Museum Foundation Trust Fund

3,000

(2,980)

20

 Fund 893 - EDC Fund

720

-

720

 GRAND TOTAL

155,298,000

(22,066,140)

133,231,860