Title
Adoption of the FY 2009 Annual Appropriations (Capital 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, 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 budget proposal for the ensuing year and submitted it to the Council at its first meeting in August; and
Whereas, at its August 4, 2008 meeting City Council acknowledged receipt from the Mayor of the Proposed 2009 Budget Plan and set a Public Hearing to be held September 15, 2008 at 7:30 p.m. to solicit comments on the proposed budget plan; and
Whereas, at its September 15, 2008 meeting City Council held said Public Hearing on the proposed millage rates to defray the fiscal year 2009 proposed budget expenditures; and
Whereas, subsequent to the City Councils review and comments the Mayor modified the original proposed budget; and
Whereas, the City Council hereby adopts the following 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 the winter of 2008 to provide the tax revenues included in the FY2009 Budget.
Resolved, the following is to provide for the general appropriations of the City and set- forth amounts appropriated to defray the expenditures and establish projected revenues and to adopt the City’s Budget for fiscal year 2009.
The City Council does hereby adopt the following fund budget for fiscal year 2009:
Fund 402 - Fire Capital Fund:
Interest Earnings $230,000
Transfer-In 343,420
Fire Capital Fund Total Revenues $573,420
Fire Capital Fund Total Expenditures $573,420
Fund 403 - Pathway Construction Fund:
Fund Balance $887,040
Charges for Service 760
Interest Earnings 75,000
Transfer-In 341,8...
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