File #: 2013-0477    Version: 1
Type: Finance Status: Passed
File created: 11/26/2013 In control: City Council Regular Meeting
On agenda: Final action: 12/9/2013
Title: FY 2013 4th Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2013 = 4th Qtr BA - Overview.pdf, 3. 2013 4th Qtr Budget Amendment - Detail.pdf, 4. 2013 = 4th Qtr Budget Adjustment - Detail.pdf, 5. 2013 - 4th Qtr Budget Amendments (OPC).pdf, 6. 2013 - 4th Qtr Budget Amendments (RARA).pdf, 7. Public Hearing Notice.pdf, 8. Resolution.pdf

Title

FY 2013 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, in accordance with Section 19 of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, the City Council may permit the Mayor to execute adjustments to the budget within limits;

 

Whereas, the Public Hearing for the proposed FY 2013 4th Quarter Budget Amendments was noticed on November 21, 2013; and

 

Whereas, the proposed FY 2013 4th Quarter Budget Amendments were available for public viewing beginning on November 27, 2013; and

 

Whereas, at its December 9, 2013 meeting City Council held a Public Hearing on the Proposed FY 2013 4th Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following FY 2013 fund totals as amended:

 

 101 - General Fund

$23,654,190

 202 - Major Road Fund

5,729,240

 203 - Local Street Fund

6,586,470

 206 - Fire Fund

7,335,640

 207 - Special Police Fund

9,237,150

 211 - Perpetual Care Fund

1,200,530

 214 - Pathway Maintenance Fund

597,030

 232 - Tree Fund*

53,780

 244 - Water Resources Fund

707,510

 299 - Green Space Fund

40,910

 314 - 2001 Local Street SAD Debt Fund*

245,030

 331 - Drain Debt Fund

3,475,520

 369 - OPC Building Refunding Debt Fund

748,810

 394 - 2012 Local Street Refunding Debt Fund*

449,020

 402 - Fire Capital Fund

45,000

 403 - Pathway Construction Fund

482,500

 420 - Capital Improvement Fund

332,000

 592 - W&S Operating Fund

31,990,040

 593 - W&S Capital Fund

6,888,350

 595 - W&S Debt Fund*

603,620

 631 - Facilities Fund

5,513,050

 636 - MIS Fund

1,702,400

 661 - Fleet Equipment Fund

2,880,100

 677 - Insurance Fund*

295,000

 736 - Retiree Healthcare Trust Fund

118,880

 752 - Perpetual Care Trust Fund*

0

 848 - LDFA Fund

400,450

 851 - SmartZone Fund*

123,000

 893 - EDC Fund

290

      *= No expenditure, revenue only

 

 

and, Therefore, Be It Further Resolved, the Mayor is authorized to administratively adjust the operating budget line-items up to $25,000 per event, but in no case may total expenditures of a particular fund exceed that which is appropriated by the City Council without a budget amendment.