Title
Adoption of Special Revenue Funds 2005 Budget (200's)
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 4, 2004 meeting City Council acknowledged receipt from the Mayor of the proposed 2005 Budget Plan and set a Public Hearing to be held September 15, 2004 at 7:30 p.m. to hear comments on the proposed Budget Plan; and
Whereas, at its September 22, 2004 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 2004 to provide the tax revenues included in the Proposed 2005 Budget.
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Major Road Fund Budget for 2005 as follows:
State Shared Revenue $ 3,302,860
Charges for Service 203,660
Investment Earnings 120,000
Other Revenue 4,669,630
Transfer-In 1,646,090
Total Major Road Fund Revenues $9,942,240
Total Major Road Fund Expenditures $9,942,240
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Local Road Fund Budget for 2005 as follows:
Fund Balance $1,415,230
Licenses & Permits 25,000
State Shared Revenue 1,245,550
Municipal Contributions 40,000
Charges for Service 58,200
Investment Earnings 39,160
Other Revenue 26,600
Transfer-In 25,000
Total Local Road Fund Revenues $2,874,740
Total Local Road Fund Expenditures $2,874,740
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Fire Fund Budget for 2005 as follows:
City Taxes $ 6,125,030
Licenses & Permits 13,500
Charges for Service 955,500
Fines & Forfeitures 8,000
Investment Earnings 48,000
Other Revenue 5,450
Total Fire Operating Fund Revenues $7,155,480
Total Fire Operating Fund Expenditures $7,155,480
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Special Police Protection Fund Budget for 2005 as follows:
Fund Balance $ 160,790
City Taxes 3,954,840
State Shared Revenue 41,890
Municipal Contributions 219,050
Charges for Service 99,880
Fines & Forfeitures 435,000
Investment Earnings 36,000
Transfer-In 2,566,700
Total Special Police Fund Revenues $7,514,150
Total Special Police Fund Expenditures $7,514,150
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 2005 as follows:
Fund Balance $181,000
Charges for Service 37,000
Investment Earnings 7,000
Total Stoney Creek Perpetual Care Fund Revenues $225,000
Total Stoney Creek Perpetual Care Fund Expenditures $225,000
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 2005 as follows:
City Taxes $516,870
Total Rochester-Avon Recreation Authority Revenues $516,870
Total Rochester-Avon Recreation Authority Expenditures $516,870
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Pathway Millage Fund Budget for 2005 as follows:
City Taxes $608,640
Investment Earnings 4,000
Total Pathway Millage Fund Revenues $612,640
Total Pathway Millage Fund Expenditures $612,640
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Solid Waste Management Fund Budget for 2005 as follows:
Fund Balance $45,200
Licenses & Permits 7,500
Investment Earnings 1,000
Transfer-In 20,290
Total Solid Waste Management Fund Revenues $73,990
Total Solid Waste Management Fund Expenditures $73,990
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Tree Fund Budget for 2005 as follows:
Fund Balance $124,380
Investment Earnings 5,000
Total Tree Fund Revenues $129,380
Total Tree Fund Expenditures $129,380
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Public Improvement Drains Fund Budget for 2005 as follows:
Fund Balance $ 799,280
City Taxes 1,281,760
State Shared Revenue 250,000
Licenses & Permits 500
Charges for Service 112,500
Investment Earnings 48,000
Other Revenue 3,600,000
Total Public Improvement Drains Fund Revenues $6,092,040
Total Public Improvement Drains Fund Expenditures $6,092,040
Be It Further Resolved, that the City Council for the City of Rochester Hills hereby adopts the Older Persons Millage Fund Budget for 2005 as follows:
City Taxes $862,890
Total Older Persons Millage Fund Revenue $862,890
Total Older Persons Millage Fund Expenditures $862,890