Title
2004 Budget - General and Special Revenue Funds
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, and the Charter for the City of Rochester Hills, Chapter III, Section 3.2, 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 6, 2003 meeting City Council acknowledged receipt from the Mayor of the proposed 2004 Budget Plan and set a Public Hearing to be held September 3, 2003 at 7:30 p.m. to hear comments on the proposed Budget Plan; and
Whereas, at its September 17, 2003 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 2003 to provide the tax revenues included in the Proposed 2004 Budget.
Resolved, that the City Council of the City of Rochester Hills hereby adopts the General Fund Budget for 2004 as follows:
Fund Balance $ 206,367
City Taxes $ 9,524,081
Licenses & Permits $ 1,642,000
State Shared Revenue $ 5,816,993
Charges for Service $ 4,928,007
Fines & Forfeitures $ 109,000
Investment Earnings $ 130,000
Other Revenue $ 222,110
Total General Fund Revenues $ 22,578,558
Total General Fund Expenditures $ 22,578,558
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Major Road Fund Budget for 2004 as follows:
Fund Balance $ 547,907
State Shared Revenue $ 3,178,267
Charges for Service $ 262,920
Investment Earnings $ 100,000
Other Revenue $ 921,000
Transfer-In $ 1,571,230
Total Major Road Fund Revenues $ 6,581,324
Total Major Road Fund Expenditures $ 6,581,324
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby...
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