Title
Adoption of the Special Revenue Funds Budget for Fiscal Year 2008
Body
Whereas, in accordance with the provisions of Public Act 2 of 1968 as amended (the Uniform Budgeting and Accounting Act), and the Charter for the City of Rochester Hills, 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 1, 2007 meeting City Council acknowledged receipt from the Mayor of the Proposed 2008 Budget Plan and set a Public Hearing to be held September 19, 2007 at 7:30 p.m. to hear comments on the Proposed Budget Plan; and
Whereas, at its September 26, 2007 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 2007 at a rate of 4.0157 mills, to provide the tax revenues included in the 2008 Budget.
Resolved, that the City Council of City of Rochester Hills hereby adopts the Major Road Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 202 - Major Road Fund:
Fund Balance to Balance $2,436,990
Federal & State Grants 5,174,720
Charges for Service 29,500
Fees 196,250
Interest Earnings 702,000
Miscellaneous Revenue 23,000
Transfers-In 366,220
Major Road Fund Total Revenues $8,928,680
Major Road Fund Total Expenditures $8,928,680
Resolved, that the City Council of City of Rochester Hills hereby adopts the Local Street Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 203 - Local Street Fund:
License & Permits $10,000
Federal & State Grants 1,209,520
Municipal Contributions 40,000
Charges for Service 42,900
Interest Earnings 88,350
Special Assessment 17,020
Miscellaneous Revenue 10,000
Transfers-In 5,060,370
Local Street Fund Total Revenues $6,478,160
Local Street Fund Total Expenditures $6,478,160
Resolved, that the City Council of City of Rochester Hills hereby adopts the Fire Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 206 - Fire Fund:
Taxes $6,604,780
License & Permits 12,000
Federal & State Grants 4,500
Interfund Charges 77,720
Charges for Service 1,085,000
Rentals 52,900
Fines & Forfeitures 9,500
Interest Earnings 210,000
Miscellaneous Revenue 2,000
Fire Fund Total Revenues $8,058,400
Fire Fund Total Expenditures $8,058,400
Resolved, that the City Council of City of Rochester Hills hereby adopts the Special Police Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 207 - Special Police Fund:
Taxes $4,433,630
Federal & State Grants 30,000
Municipal Contributions 245,490
Charges for Service 146,090
Fines & Forfeitures 290,000
Interest Earnings 150,000
Transfer-In 3,275,550
Special Police Fund Total Revenues $8,570,760
Special Police Fund Total Expenditures $8,570,760
Resolved, that the City Council of City of Rochester Hills hereby adopts the Perpetual Care Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 211 - Perpetual Care Fund:
Sales $49,000
Interest Earnings 50,000
Perpetual Care Fund Total Revenues $99,000
Perpetual Care Fund Total Expenditures $99,000
Resolved, that the City Council of City of Rochester Hills hereby adopts the RARA Millage Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 213 - RARA Millage Fund:
Taxes $715,600
RARA Millage Fund Total Revenues $715,600
RARA Millage Fund Total Expenditures $715,600
Resolved, that the City Council of City of Rochester Hills hereby adopts the Pathway Maintenance Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 214 - Pathway Maintenance Fund:
Taxes $681,760
Charges for Service 2,400
Interest Earnings 18,000
Pathway Maintenance Fund Total Revenues $702,160
Pathway Maintenance Fund Total Expenditures $702,160
Resolved, that the City Council of City of Rochester Hills hereby adopts the Tree Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 232 - Tree Fund:
Fees $25,000
Interest Earnings 90,000
Tree Fund Total Revenues $115,000
Tree Fund Total Expenditures $115,000
Resolved, that the City Council of City of Rochester Hills hereby adopts the Drain Maintenance Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 244 - Drain Maintenance Fund:
Fund Balance to Balance $1,317,860
License & Permits 100
Charges for Service 141,200
Interest Earnings 212,300
Transfer-In 508,610
Drain Maintenance Fund Total Revenues $2,180,070
Drain Maintenance Fund Total Expenditures $2,180,070
Resolved, that the City Council of City of Rochester Hills hereby adopts the OPC Millage Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 265 - OPC Millage Fund:
Taxes $1,208,680
OPC Millage Fund Total Revenues $1,208,680
OPC Millage Fund Total Expenditures $1,208,680
Resolved, that the City Council of City of Rochester Hills hereby adopts the Green Space Fund Budget for Fiscal Year 2008 and therefore may expend up to, but not to exceed, the total appropriation for the total fund as follows:
Fund 299 - Green Space Fund:
Taxes $1,090,530
Interest Earnings 30,000
Green Space Fund Total Revenues $1,120,530
Green Space Fund Total Expenditures $1,120,530