File #: 2022-0297    Version: 1
Type: Finance Status: Passed
File created: 6/29/2022 In control: City Council Regular Meeting
On agenda: Final action: 7/25/2022
Title: FY 2022 2nd Quarter Budget Amendment
Attachments: 1. 072522 Agenda Summary.pdf, 2. 2nd Qtr BA Overview.pdf, 3. 2nd Qtr BA Detail.pdf, 4. Public Hearing Notice.pdf, 5. Resolution (Draft).pdf

Title

FY 2022 2nd Quarter Budget Amendment

 

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 2022 2nd Quarter Budget Amendments was noticed on July 7, 2022; and

 

Whereas, the proposed FY 2022 2nd Quarter Budget Amendments were available for public viewing beginning on July 15, 2022; and

 

Whereas, at its July 25, 2022 meeting City Council held a Public Hearing on the proposed FY 2022 2nd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following FY 2022 fund totals as amended:

 

 TOTAL BUDGET SUMMARY

 Current Budget

 Change

 Amended Budget

 101 - General Fund

 $      27,130,840

 $      3,133,700

 $      30,264,540

 202 - Major Road Fund

 $      15,357,000

 $      2,291,980

 $      17,648,980

 203 - Local Street Fund

 $      10,313,510

 $         278,170

 $      10,591,680

 206 - Fire Department Fund

 $      13,171,120

 $         442,990

 $      13,614,110

 207 - Special Police Fund

 $      10,347,760

 $              5,000

 $      10,352,760

 208 - Parks Millage Fund

 $           300,000

 $                    -  

 $           300,000

 213 - RARA Millage Fund

 $           727,850

 $              3,790

 $           731,640

 214 - Pathway Maintenance Fund

 $           701,800

 $           56,530

 $           758,330

 232 - Tree Fund

 $           164,000

 $                    -  

 $           164,000

 244 - Drain Maintenance Fund

 $           823,180

 $           32,800

 $           855,980

 265 - OPC Millage Fund

 $        1,624,690

 $              8,290

 $        1,632,980

 285 - ARPA Fund

 $              75,000

 $      1,140,000

 $        1,215,000

 299 - Green Space Fund

 $           530,070

 $                    -  

 $           530,070

 331 - Drain Debt Fund

 $           216,220

 $                    -  

 $           216,220

 402 - Fire Capital Fund

 $        2,015,940

 $        (483,580)

 $        1,532,360

 403 - Pathway Construction Fund

 $        1,105,700

 $                    -  

 $        1,105,700

 420 - Capital Improvement Fund

 $        7,025,470

 $      3,635,160

 $      10,660,630

 510 - Sewer Department

 $      16,421,110

 $         392,690

 $      16,813,800

 530 - Water Department

 $      21,845,200

 $         455,160

 $      22,300,360

 593 - Water & Sewer Capital Fund

 $      24,064,130

 $    (3,692,060)

 $      20,372,070

 595 - Water & Sewer Debt Fund

 $        1,319,450

 $                    -  

 $        1,319,450

 596 - Solid Waste Fund

 $           673,800

 $                    -  

 $           673,800

 631 - Facilities Fund

 $      20,238,850

 $         345,080

 $      20,583,930

 636 - MIS Fund

 $        3,317,760

 $          (66,440)

 $        3,251,320

 661 - Fleet Fund

 $        6,333,930

 $         240,410

 $        6,574,340

 677 - Insurance Fund

 $           432,500

 $                    -  

 $           432,500

 736 - Retiree Healthcare Trust Fund

 $           220,880

 $                    -  

 $           220,880

 752 - Cemetery Perpetual Care Trust Fund

 $                5,000

 $                    -  

 $                5,000

 761 - Green Space Perpetual Care Trust Fund

 $           336,340

 $          (10,900)

 $           325,440

 840 - Brownfield Revolving Fund

 $                      -  

 $                    -  

 $                      -  

 844 - Brownfield Redevelopment Fund (Legacy)

 $           209,170

 $                    -  

 $           209,170

 848 - LDFA Fund

 $        3,271,480

 $         367,000

 $        3,638,480

 870 - RH Museum Foundation Fund

 $                   100

 $                    -  

 $                   100

 GRAND TOTAL - ALL FUNDS

 $  190,319,850

 $     8,575,770

 $  198,895,620