File #: 2007-0798    Version: 1
Type: Finance Status: Passed
File created: 12/5/2007 In control: City Council Regular Meeting
On agenda: Final action: 12/12/2007
Title: FY2007 4th Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. Public Hearing Notice -.pdf, 3. 2007 - City Budget Amendments.pdf, 4. 2007 - RARA and OPC Budget Amendments.pdf, 5. 2007 - Year End Fund Balances.pdf, 6. 120507 Resolution.pdf, 7. Revised 2007 - Fund Balance Projection.pdf, 8. Resolution.pdf

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FY2007 4th Quarter Budget Amendments

 

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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 proposed 2007 4th Quarter Budget Amendment was available for public viewing starting November 15, 2007; and

 

Whereas, at its December 5, 2007 meeting City Council held a Public Hearing on the proposed 4th Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following 2007 fund totals as amended:

 

101 - General Fund                                                                                                         $26,381,470

202 - Major Road Fund                                                                                    $5,864,130

203 - Local Street Fund                                                                                    $6,873,310

206 - Fire Operating Fund                                                                                    $7,886,170

207 - Special Police Fund                                                                                    $8,134,910

211 - Perpetual Care Fund                                                                                    $119,140

213 - RARA Millage Fund                                                                                    $696,360                                          

214 - Pathway Maintenance Fund                                                    $870,200 *

232 - Tree Fund                                                                                                         $130,000

244 - Drain Maintenance Fund                                                               $920,850

265 - OPC Millage Fund                                                                                    $1,175,040                     

299 - Green Space Fund                                                                                    $1,151,390

313 - 2001 Street / Debt Service Fund                                          $235,870 *

314 - 2001 Street SAD / Debt Service Fund                                          $234,800 *

325 - 2002 Street / Debt Service Fund                                          $385,400 *

331 - Drain Debt Service Fund                                                               $2,244,870

337 - 1994 Street SAD / Debt Service Fund                                          $201,300 *

338 - 1995 Street SAD / Debt Service Fund                                          $191,050 *

368 - OPC Building / Debt Service Fund                                          $745,540

391 - 1998 Refunding / Debt Service Fund                                          $196,140

392 - 2002 Refunding / Debt Service Fund                                          $1,379,140

402 - Fire Capital Fund                                                                       $1,194,570

403 - Pathway Construction Fund                                                      $756,920

420 - Capital Improvement Fund                                                    $1,119,750

592 - W&S Operating Fund                                                              $26,362,090

593 - W&S Capital Fund                                                                    $16,649,100

631 - Facilities Fund                                                                           $4,548,150

636 - MIS Fund                                                                                  $2,114,760

661 - Fleet Equipment Fund                                                              $2,830,390

677 - Insurance Fund                                                                                   $733,000

843 - Brownfield Redevelopment Fund                                             $32,790

848 - LDFA Fund                                                                           $966,640

851 - SmartZone Fund                                                                           $213,160

 

808 - RARA Operating Fund                                                     $2,071,602

820 - OPC Operating Fund                                                     $4,087,146

 

 

* = Signifies that Total Fund Budget does not change