File #: 2014-0494    Version: 1
Type: Finance Status: Passed
File created: 11/5/2014 In control: City Council Regular Meeting
On agenda: Final action: 12/15/2014
Title: FY 2014 4th Quarter Budget Amendments
Attachments: 1. 121514 Agenda Summary.pdf, 2. 2014 - 4Q Budget Amendment (Overview).pdf, 3. 2014 - 4Q Budget Amendment (Detail).pdf, 4. 2014 - 4Q Budget Adjustment (Detail).pdf, 5. 2014 - Final Budget vs Original Budget - Variance Analysis.pdf, 6. 2014 - 4Q Budget Amendment (OPC Detail).pdf, 7. 2014 - 4Q Budget Amendment (RARA Detail).pdf, 8. Public Hearing Notice.pdf, 9. Resolution (Draft).pdf
Title
FY 2014 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 2014 4th Quarter Budget Amendments was noticed on November 25, 2014; and
 
Whereas, the proposed FY 2014 4th Quarter Budget Amendments were available for public viewing beginning on December 5, 2014; and
 
Whereas, at its December 15, 2014 meeting City Council held a Public Hearing on the proposed FY 2014 4th Quarter Budget Amendments.
 
Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following FY 2014 fund totals as amended:
 
 
Current
Net
Proposed
 Fund
Budget
Change
Budget
 Fund 101 - General Fund
$    27,446,300
    ($ 1,231,240)
$     26,215,060
 Fund 202 - Major Road Fund
        8,170,100
       (1,464,300)
         6,705,800
 Fund 203 - Local Street Fund
      12,467,680
          (732,660)
       11,735,020
 Fund 206 - Fire Fund
        7,454,340
           127,030
         7,581,370
 Fund 207 - Special Police Fund
        9,186,000
            (  5,920)
         9,180,080
 Fund 213 - RARA Millage Fund
           580,550
 
            580,550
 Fund 214 - Pathway Millage Fund
           554,340
              73,000
            627,340
 Fund 232 - Tree Fund
             56,240
            (40,000)
              16,240
 Fund 244 - Water Resources Fund
           555,460
              98,280
            653,740
 Fund 265 - OPC Millage Fund
           980,640
 
            980,640
 Fund 299 - Green Space Millage Fund
             32,820
         1,061,510
         1,094,330
 Fund 313 - Street Improvement Bond - 2001 Series Fund
           284,280
                     20
            284,300
 Fund 314 - SAD Street Improvement Bond - 2001 Series Fund
           286,230
                     50
            286,280
 Fund 331 - Drain Debt Fund
           312,590
 
            312,590
 Fund 369 - Older Persons Building Bond Refunding Fund
           759,010
 
            759,010
 Fund 393 - Municipal Building Refunding Bond - 2010 Series
           719,080
 
            719,080
 Fund 394 - Local Street Refunding - 2011 Series Fund
           461,220
 
            461,220
 Fund 402 - Fire Capital Fund
           842,460
          (667,780)
            174,680
 Fund 403 - Pathway Construction Fund
           759,900
          (478,180)
            281,720
 Fund 420 - Capital Improvement Fund
           146,520
            (24,130)
            122,390
 Fund 510 - Sewer Operations
      14,814,960
          (739,490)
       14,075,470
 Fund 530 - Water Operations
      17,970,310
       (1,350,310)
       16,620,000
 Fund 593 - Water & Sewer Capital Fund
        5,312,760
          (492,430)
         4,820,330
 Fund 595 - Water & Sewer Debt Fund
        1,184,820
          (398,030)
            786,790
 Fund 631 - Facilities Fund
        5,930,640
          (590,270)
         5,340,370
 Fund 636 - MIS Fund
        3,703,290
          (770,340)
         2,932,950
 Fund 661 - Fleet Fund
        3,670,700
            (54,360)
         3,616,340
 Fund 677 - Insurance Fund
           409,000
 
            409,000
 Fund 736 - Retiree Health Care Trust
           187,550
            904,910
         1,092,460
 Fund 752 - Cemetery Perpetual Care Trust
 
 
 
 Fund 843 - Brownfield Redevelopment Fund
 
 
 
 Fund 848 - LDFA Fund
           437,580
            (34,300)
            403,280
 Fund 851 - SmartZone Fund
           100,000
 
            100,000
 Fund 870 - Museum Foundation Trust Fund
             10,000
              (9,000)
                1,000
 Fund 893 - EDC Fund
                  720
 
                   720
 Grand Total
$  125,788,090
     ($6,817,940)
   $118,970,150
 
 
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.