File #: 2014-0320    Version:
Type: Finance Status: Passed
File created: 8/1/2014 In control: City Council Regular Meeting
On agenda: Final action: 9/22/2014
Title: Adoption of the Fiscal Year 2015 Budget
Attachments: 1. Agenda Summary.pdf, 2. Straw Poll Results.pdf, 3. 090814 Agenda Summary.pdf, 4. Public Hearing Notice.pdf, 5. 081814 Agenda Summary.pdf, 6. 081814 Budget Presentation Schedule.pdf, 7. Suppl General Budget Overview.pdf, 8. 081114 Agenda Summary.pdf, 9. 081114 Resolution.pdf, 10. Resolution.pdf
Title
Adoption of the Fiscal Year 2015 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, the Special Appropriations Act pursuant to PA 493 of 2000, and Section III of the Charter for the City of Rochester Hills, the Mayor as the Chief Executive Officer prepared the proposed budget for the ensuing year and submitted it to the Council at its first meeting in August; and
 
Whereas, at its August 11, 2014 meeting City Council acknowledged receipt from the Mayor of the Proposed Fiscal Year 2015 Budget Plan and set a Public Hearing to be held September 8, 2014 at 7:00 p.m. to solicit comments on the proposed budget plan from the public; and
 
Whereas, at its September 8, 2014 meeting City Council held said Public Hearing on the proposed budget plan and the related millage rates to defray the Fiscal Year 2015 proposed budget expenditures; and
 
Whereas, subsequent to the City Council's review and comments, the Mayor adjusted the original proposed budget; and
 
Resolved, the following list of funds sets forth the general appropriations for the City and adopts the following City Budgets for Fiscal Year 2015.
 
Be It Further Resolved, the Mayor is hereby 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.  Adjustments from capital accounts and fund balances shall be made only by further action of the City Council.  
 
Adoption of the FY 2015 Annual Appropriation Budget(s) for the
 
City of Rochester Hills, Michigan
 
 
 
 Fund 101 - General Fund
$24,626,600
 Fund 202 - Major Road Fund
10,041,040
 Fund 203 - Local Street Fund
10,265,970
 Fund 206 - Fire Fund
7,618,230
 Fund 207 - Special Police Fund
9,498,320
 Fund 213 - RARA Millage Fund
590,780
 Fund 214 - Pathway Millage Fund
564,100
 Fund 232 - Tree Fund
60,580
 Fund 244 - Water Resources Fund
508,700
 Fund 265 - OPC Millage Fund
997,970
 Fund 299 - Green Space Millage Fund
1,079,910
 Fund 313 - Street Improvement Bond - 2001 Series Fund
273,160
 Fund 314 - SAD Street Improvement Bond - 2001 Series Fund
274,980
 Fund 331 - Drain Debt Fund
202,290
 Fund 369 - Older Persons Building Bond Refunding Fund
773,840
 Fund 393 - Municipal Building Refunding Bond - 2010 Series Fund
790,870
 Fund 394 - Local Street Refunding - 2011 Series Fund
494,820
 Fund 402 - Fire Capital Fund
2,755,770
 Fund 403 - Pathway Construction Fund
407,800
 Fund 420 - Capital Improvement Fund
2,426,620
 Fund 510 - Sewer Operations
15,455,560
 Fund 530 - Water Operations
18,282,050
 Fund 593 - Water & Sewer Capital Fund
11,939,320
 Fund 595 - Water & Sewer Debt Fund
1,541,040
 Fund 631 - Facilities Fund
12,440,670
 Fund 636 - MIS Fund
2,203,760
 Fund 661 - Fleet Fund
3,235,030
 Fund 677 - Insurance Fund
417,180
 Fund 736 - Retiree Health Care Trust
137,390
 Fund 752 - Cemetery Perpetual Care Fund
-
 Fund 670 - Green Space Perpetual Care Fund
-
 Fund 843 - Brownfield Redevelopment Fund
-
 Fund 848 - LDFA Fund
323,450
 Fund 851 - SmartZone Fund
85,000
 Fund 870 - Museum Foundation Trust Fund
3,000
 Fund 893 - EDC Fund
720
Total
140,316,520