File #: 2023-0334    Version:
Type: Finance Status: Passed
File created: 7/5/2023 In control: City Council Regular Meeting
On agenda: Final action: 9/25/2023
Title: Adoption of the Fiscal Year 2024 Budget
Attachments: 1. 092523 Agenda Summary.pdf, 2. 091123 Agenda Summary.pdf, 3. 2024-26 Proposed Budget Q&A.pdf, 4. Public Hearing Notice.pdf, 5. 082123 Agenda Summary.pdf, 6. 082123 Budget Presentation Schedule.pdf, 7. SUPPL FY 2024-26 Budget Presentation.pdf, 8. 081423 Agenda Summary.pdf, 9. 081423 Resolution.pdf, 10. Resolution (Draft).pdf
Title
Adoption of the Fiscal Year 2024 Budget

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 proposed budget for the ensuing year and submitted it to the Council at its first meeting in August; and

Whereas, at its August 14, 2023 meeting City Council acknowledged receipt from the Mayor of the Proposed Fiscal Year 2024 Budget Plan and set a Public Hearing to be held September 11, 2023 at 7:00 p.m. to solicit comments on the proposed budget plan from the public; and

Whereas, at its September 11, 2023 meeting City Council held said Public Hearing on the proposed budget plan and the related millage rates to defray the Fiscal Year 2024 proposed budget expenditures; and

Whereas, subsequent to the City Council’s review and comments, the Mayor adjusted the original proposed budget; and

Resolved, the following list of funds sets forth the general appropriations for the City and adopts the following City Budgets for Fiscal Year 2024.

Be It Further Resolved, the Mayor is hereby 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. Adjustments from capital accounts and fund balances shall be made only by further action of the City Council.