File #: 2019-0510    Version: 1
Type: Finance Status: Passed
File created: 11/18/2019 In control: City Council Regular Meeting
On agenda: Final action: 12/9/2019
Title: FY 2019 4th Quarter Budget Amendments
Attachments: 1. 120919 Agenda Summary.pdf, 2. 4th Qtr BA Overview.pdf, 3. 2019 4th Qtr Budget Adjust Backup.pdf, 4. 2019 4th Qtr Budget Amend Backup.pdf, 5. Resolution (Draft).pdf, 6. SUPPL 2019 - 4th Qtr Budget Amendment.pdf

Title

FY 2019 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, the Public Hearing for the proposed FY 2019 4th Quarter Budget Amendments was noticed on November 22, 2019; and

 

Whereas, the proposed FY 2019 4th Quarter Budget Amendments were available for public viewing beginning on November 27, 2019; and

 

Whereas, at its December 9, 2019 meeting City Council held a Public Hearing on the proposed FY 2019 4th Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby adopts the following FY 2019 fund totals as amended:

 

TOTAL BUDGET SUMMARY                                                                                                                              Current Budget                                          Change                                                               Amended Budget

Fund 101 - General Fund                                                                                    

                                                                                                                                                                                                                                                                38,426,580                                                               595,930                                                               39,022,510

Fund 202 - Major Road Fund                                                                                    

                                                                                                                                                                                                                                                            18,486,400                                                               (1,019,400)                                          17,467,000

Fund 203 - Local Street Fund                                                                                    

                                                                                                                                                                                                                                                            13,702,980                                                               (14,560)                                                               13,688,420

Fund 206 - Fire Department Fund                                                               

                                                                                                                                                                                                                                                            14,472,590                                                               361,890                                                               14,834,480

Fund 207 - Special Police Fund                                                               

                                                                                                                                                                                                                                                            10,003,360                                                               (357,060)                                          9,646,300

Fund 213 - RARA Millage Fund                                                               

                                                                                                                                                                                                                                                            668,130                                                                                    1,000                                                               669,130

Fund 214 - Pathway Millage Fund                                          

                                                                                                                                                                                                                                                            829,430                                                                                    19,150                                                               848,580

Fund 226 - Solid Waste Fund                                                                                    

                                                                                                                                                                                                                                                            464,700                                                                                    -                                                                                    464,700

Fund 232 - Tree Fund                                                                                                         

                                                                                                                                                                                                                                                            545,000                                                                                    (9,000)                                                               536,000

Fund 244 - Water Resources Fund                                                               

                                                                                                                                                                                                                                                            743,020                                                                                    113,450                                                               856,470

Fund 265 - OPC Millage Fund                                                                                    

                                                                                                                                                                                                                                                            1,166,450                                                               1,250                                                               1,167,700

Fund 299 - Green Space Millage Fund                                                                                    

                                                                                                                                                                                                                                                            307,560                                                                                    (23,600)                                                               283,900

Fund 331 - Drain Debt Fund                                                                                    

                                                                                                                                                                                                                                                            202,480                                                                                    -                                                                                    202,480

Fund 369 - Older Persons Building Bond Refunding Fund                                          

                                                                                                                                                                                                                                                            777,060                                                                                    -                                                                                    777,060

Fund 393 - City Hall Building Bond Fund                     

                                                                                                                                                                                                                                                            867,150                                                                                    -                                                                                    867,150

Fund 402 - Fire Capital Fund                                                                                    

                                                                                                                                                                                                                                                            611,500                                                                                    (209,750)                                          401,750

Fund 403 - Pathway Construction Fund                                          

                                                                                                                                                                                                                                                            195,000                                                                                    (94,380)                                                               100,620

Fund 420 - Capital Improvement Fund                                                               

                                                                                                                                                                                                                                                            11,567,620                                                               (512,390)                                          11,055,230

Fund 510 - Sewer Operations                                                                                    

                                                                                                                                                                                                                                                            16,643,780                                                               (1,084,770)                                          15,559,010

Fund 530 - Water Operations                                                                                    

                                                                                                                                                                                                                                                            20,622,410                                                               (491,790)                                          20,130,620

Fund 593 - Water & Sewer Capital Fund                                          

                                                                                                                                                                                                                                                            8,809,720                                                               (2,666,000)                                          6,143,720

Fund 595 - Water & Sewer Debt Fund                                                               

                                                                                                                                                                                                                                                            1,388,160                                                               200                                                                                    1,388,360

Fund 631 - Facilities Fund                                                                                    

                                                                                                                                                                                                                                                            17,173,390                                                               (3,940,540)                                          13,232,850

Fund 636 - MIS Fund                                                                                                         

                                                                                                                                                                                                                                                            5,025,130                                                               (2,289,010)                                          2,736,120

Fund 661 - Fleet Fund                                                                                                         

                                                                                                                                                                                                                                                            4,530,380                                                               (1,239,560)                                          3,290,820

Fund 677 - Insurance Fund                                                                                    

                                                                                                                                                                                                                                                            405,000                                                                                    -                                                                                    405,000

Fund 736 - Retiree Healthcare Trust                                           

                                                                                                                                                                                                                                                            186,610                                                                                    (21,340)                                                               165,270

Fund 752 - Cemetery Perpetual Care Fund                     

                                                                                                                                                                                                                                           -                                                                                                         2,400                                                               2,400

Fund 761 - Green Space Perpetual Care Trust                                           

                                                                                                                                                                                                                                                            298,500                                                                                    (13,490)                                                               285,010

Fund 843 - Brownfield Redevelopment Fund - Madison Park                                                               

                                                                                                                                                                                                                                                            539,490                                                                                    -                                                                                    539,490

Fund 844 - Brownfield Redevelopment Fund - Legacy                                                                                    

                                                                                                                                                                                                                                                            97,430                                                                                    -                                                                                    97,430

Fund 848 - LDFA Fund                                                                                    

                                                                                                                                                                                                                                                            516,070                                                                                    (427,490)                                          516,070

Fund 870 - Museum Foundation Trust Fund                                          

                                                                                                                                                                                                                                                            100                                                                                          -                                                                                    100

 

GRAND TOTAL - ALL FUNDS                                                                                                         190,273,180                                                               (13,318,920)                                          176,954,260