Title
Adoption of 2004 Budget - Internal Service 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
Now Therefore Be It Resolved, that the City Council of the City of Rochester Hills hereby adopts the Building and Grounds Fund Budget for 2004 as follows:
Retained Earnings $ 195,640
Charges for Service $ 2,793,956
Investment Earnings $ 25,000
Transfer-In $ 1,302,425
Total Building and Grounds Fund Revenues $ 4,317,021
Total Building and Grounds Fund Expenditures $ 4,317,021
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Management Information Systems Fund Budget for 2004 as follows:
Retained Earnings $ 853,250
Charges for Services $ 2,069,334
Investment Earnings $ 25,000
Total Management Information Systems
Fund Revenues $ 2,947,584
Total Management Information Systems
Fund Expenditures $ 2,947,584
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Fleet Equipment Fund Budget for 2004 as follows:
Retained Earnings $ 798,913
Charges for Services $ 1,957,771
Investment Earnings $ 32,000
Transfer-In $ 45,000
Total Fleet Equipment Fund Revenues $ 2,833,684
Total Fleet Equipment Fund Expenditures $ 2,833,684
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Insurance Fund Budget for 2004 as foll...
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