File #: 2012-0456    Version: 1
Type: Finance Status: Passed
File created: 11/15/2012 In control: City Council Regular Meeting
On agenda: Final action: 12/10/2012
Title: FY 2012 4th Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2012 - 4th Qtr BA Overview.pdf, 3. 2012 - 4th Qtr BA Amendment Detail.pdf, 4. 2012 - 4th Qtr BA Adjustment Detail.pdf, 5. 2012 - 4th Qtr BA RARA Amendment Detail.pdf, 6. 2012 - 4th Qtr BA OPC Amendment Detail.pdf, 7. Public Hearing Notice.pdf, 8. Resolution.pdf

Title

FY 2012 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 2012 4th Quarter Budget Amendments was noticed on November 22, 2012; and

 

Whereas, the proposed 2012 4th Quarter Budget Amendments were available for public viewing beginning on November 30, 2012; and

 

Whereas, at its December 10, 2012 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 2012 fund totals as amended:

 

  101 - General Fund

  24,531,020

  202 - Major Road Fund

    5,082,280

  203 - Local Street Fund

    6,471,070

  206 - Fire Fund

    7,388,440

  207 - Special Police Fund

    9,071,170

  211 - Stoney Creek Perpetual Care Fund

         23,380

  214 - Pathway Maintenance Fund

       604,410

  232 - Tree Fund

         52,950

  244 - Water Resources Fund

       689,690

  299 - Green Space Fund

       895,400

  314 - 2001 SAD Street Improvements Debt Fund

       253,630

  331 - Drain Debt Fund

    1,315,680

  369 - OPC Building Refunding Debt Fund

       739,740

  402 - Fire Capital Fund

       448,990

  403 - Pathway Construction Fund

       517,690

  420 - Capital Improvement Fund

       284,480

  592 - W&S Operating Fund

  32,466,820

  593 - W&S Capital Fund

    4,344,690

  595 - W&S Debt Fund

       551,460

  631 - Facilities Fund

    5,378,780

  636 - MIS Fund

    1,636,630

  661 - Fleet Equipment Fund

    3,477,640

  736 - Retiree Healthcare Trust Fund

       309,450

  848 - LDFA Fund

       600,790

  851 - SmartZone Fund

       100,000

 

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.