Title
Adoption of the Special Revenue Funds - 2007 Budget
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 2, 2006 meeting City Council acknowledged receipt from the Mayor of the Proposed 2007 Budget Plan and set a Public Hearing to be held September 20, 2006 at 7:30 p.m. to hear comments on the Proposed Budget Plan; and
Whereas, at its September 6, 2006 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 2006 to provide the tax revenues included in the 2007 Budget.
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Major Road Fund Budget for Fiscal Year 2007 as follows:
Fund 202 - Major Road Fund:
Fund Balance to Balance $3,659,080
Federal & State Grants 3,216,470
Charges for Service 17,250
Fees 196,250
Interest Earnings 492,880
Miscellaneous Revenue 217,830
Transfers-In 353,900
Total Major Road Fund Revenue $8,153,660
Total Major Road Fund Expenditure $8,153,660
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Local Street Fund Budget for Fiscal Year 2007 as follows:
Fund 203 - Local Street Fund:
Fund Balance to Balance $1,052,690
Licenses & Permits 10,000
Federal & State Grants 1,214,300
Municipal Contributions 40,000
Charges for Service 92,700
Interest Earnings 69,880
Special Assessments 17,920
Miscellaneous Revenue 10,000
Transfers-In 3,429,300
Total Local Street Fund Revenue $5,936,790
Total Local Street Fund Expenditure $5,936,790
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Fire Fund Budget for Fiscal Year 2007 as follows:
Fund 206 - Fire Fund:
Fund Balance to Balance $76,610
Taxes 6,382,850
Licenses & Permits 5,000
Federal & State Grants 4,500
Interfund Charges 50,000
Charges for Service 926,600
Fines & Forfeitures 8,000
Interest Earnings 200,000
Miscellaneous Revenue 2,000
Total Fire Fund Revenue $7,655,560
Total Fire Fund Expenditure $7,655,560
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Special Police Fund Budget for Fiscal Year 2007 as follows:
Fund 207 - Special Police Fund:
Fund Balance to Balance $257,110
Taxes 4,284,650
Federal & State Grants 28,000
Municipal Contributions 239,890
Charges for Service 148,520
Fines & Forfeitures 360,000
Interest Earnings 16,250
Transfers-In 2,827,740
Total Special Police Fund Revenue $8,162,160
Total Special Police Fund Expenditure $8,162,160
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Perpetual Care Fund Budget for Fiscal Year 2007 as follows:
Fund 211 - Perpetual Care Fund:
Fund Balance to Balance $88,830
Charges for Service 32,000
Interest Earnings 35,170
Total Perpetual Care Fund Revenue $156,000
Total Perpetual Care Fund Expenditure $156,000
Resolved, that the City Council of the City of Rochester Hills hereby adopts the RARA Millage Fund Budget for Fiscal Year 2007 as follows:
Fund 213 - RARA Millage Fund:
Taxes $691,990
Total RARA Millage Fund Revenue $691,990
Total RARA Millage Fund Expenditure $691,990
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Pathway Maintenance Fund Budget for Fiscal Year 2007 as follows:
Fund 214 - Pathway Maintenance Fund:
Taxes $658,860
Charges for Service 2,400
Interest Earnings 17,820
Total Pathway Maint. Fund Revenue $679,080
Total Pathway Maint. Fund Expenditure $679,080
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Tree Fund Budget for Fiscal Year 2007 as follows:
Fund 232 - Tree Fund:
Charges for Service $30,000
Interest Earnings 75,000
Total Tree Fund Revenue $105,000
Total Tree Fund Expenditure $105,000
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Drain Maintenance Fund Budget for Fiscal Year 2007 as follows:
Fund 244 - Drain Maintenance Fund:
Fund Balance to Balance $596,000
Licenses & Permits 100
Charges for Service 155,200
Interest Earnings 204,000
Transfers-In 811,620
Total Drain Maint. Fund Revenue $1,766,920
Total Drain Maint. Fund Expenditure $1,766,920
Resolved, that the City Council of the City of Rochester Hills hereby adopts the OPC Millage Fund Budget for Fiscal Year 2007 as follows:
Fund 265 - OPC Millage Fund:
Taxes $1,168,050
Total OPC Millage Fund Revenue $1,168,050
Total OPC Millage Fund Expenditure $1,168,050
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Green Space Fund Budget for Fiscal Year 2007 as follows:
Fund 299 - Green Space Fund:
Taxes $1,053,890
Interest Earnings 39,490
Total Green Space Fund Revenue $1,093,380
Total Green Space Fund Expenditure $1,093,380