File #: 2005-0522    Version:
Type: Finance Status: Passed
File created: 7/26/2005 In control: City Council Regular Meeting
On agenda: Final action: 10/5/2005
Title: Adoption of Agency Funds / Rochester Avon Recreation Authority (R.A.R.A.) Operating Fund; Older Person's Commission (O.P.C.) Operating Fund; Local Development Finance Authority (L.D.F.A.) Operating Fund; Economic Development Corporation (E.D.C.) - 2006 Budget (800's)
Indexes: Budget, Finances
Attachments: 1. 0522 Resolution.pdf

Title

Adoption of Agency Funds / Rochester Avon Recreation Authority (R.A.R.A.) Operating Fund; Older Person's Commission (O.P.C.) Operating Fund; Local Development Finance Authority (L.D.F.A.) Operating Fund; Economic Development Corporation (E.D.C.) - 2006 Budget (800'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 3, 2005 meeting City Council acknowledged receipt from the Mayor of the Proposed 2006 Budget Plan and set a Public Hearing to be held September 7, 2005 at 7:30 p.m. to hear comments on the Proposed Budget Plan; and

 

Whereas, at its September 14, 2005 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 2005 to provide the tax revenues included in the 2006 Budget.

 

Resolved, that the City Council of the City of Rochester Hills hereby adopts the Rochester Avon Recreation Authority (R.A.R.A.) Operating Fund Budget for Fiscal Year 2006 as follows:

 

Fund 808 - Rochester Avon Recreation Authority (R.A.R.A.) Operating Fund:

 

Municipal Contributions                                              $   609,585

Charges for Service                                                     1,246,870

Interest Earnings                                                              17,500

Miscellaneous Revenue                                                      6,500

  

Total R.A.R.A. Operating Fund Revenues           $1,880,455

Total R.A.R.A. Operating Fund Expenditures     $1,880,455

 

Resolved, that the City Council of the City of Rochester Hills hereby adopts the Older Person's Commission (O.P.C.) Operating Fund Budget for Fiscal Year 2006 as follows:

 

Fund 820 - Older Person's Commission (O.P.C.) Operating Fund:

 

State and Federal Grants                                        $   442,000

Municipal Contributions                                            1,699,652

Charges for Service                                                    759,000

Interest Earnings                                                          12,000

Miscellaneous Revenue                                              782,248

  

Total O.P.C. Operating Fund Revenues           $3,694,900

Total O.P.C. Operating Fund Expenditures     $3,694,900

 

Resolved, that the City Council of the City of Rochester Hills hereby adopts the Local Development Finance Authority (L.D.F.A.) Fund Budget for Fiscal Year 2006 as follows:

 

Taxes                                                  $   346,530

Municipal Contributions                             319,720

Interest Earnings                                          5,000

Transfer In                                                 99,580

  

Total L.D.F.A. Fund Revenues           $770,830

Total L.D.F.A. Fund Expenditures     $770,830

 

Resolved, that the City Council of the City of Rochester Hills hereby adopts the Economic Development Corporation Fund Budget for Fiscal Year 2006 as follows:

 

Fund 893 - Economic Development Corporation (E.D.C.) Fund: 

 

Fund Balance                                       $   1,190

Interest Earnings                                           70

 

Total E.D.C. Fund Revenues               $1,260

Total E.D.C. Fund Expenditures         $1,260