File #: 2012-0026    Version: 1
Type: Finance Status: Passed
File created: 1/17/2012 In control: City Council Regular Meeting
On agenda: Final action: 1/23/2012
Title: FY 2012 1st Quarter Budget Amendments
Attachments: 1. Agenda Summary.pdf, 2. 2012 1st Qtr BA Overview.pdf, 3. 2012 Budget Amendments (Detail).pdf, 4. 1st Qtr Budget Adjustments.pdf, 5. Public Hearing Notice.pdf, 6. Resolution.pdf
Title
FY 2012 1st 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, in accordance with Section 19 of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act the City Council may permit the Mayor to execute adjustments to the budget within limits;
 
Whereas, the Public Hearing for the proposed 2012 1st Quarter Budget Amendments was noticed on January 12, 2012; and
 
Whereas, the proposed 2012 1st Quarter Budget Amendments were available for public viewing beginning on January 13, 2012; and
 
Whereas, at its January 23, 2012 meeting City Council held a Public Hearing on the proposed 1st Quarter Budget Amendments.
 
Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following 2012 fund totals as amended:
 
101 - General Fund      $ 23,314,060
202 - Major Road Fund      5,304,370
203 - Local Street Fund      6,561,730
206 - Fire Fund      7,345,510
207 - Special Police      9,110,550
214 - Pathway Maintenance      551,080
244 - Water Resources Fund      667,340
325 - Street Improvements (2002 Series)      1,410,980
394 - 2011 Refunding Debt Fund      1,046,700
403 - Pathway Construction Fund      163,980
592 - W&S Operating Fund      31,111,150
593 - W&S Capital Fund      6,370,570
595 - Water & Sewer Debt Service Fund      621,550
631 - Facilities Fund      5,001,380
636 - MIS Fund      1,895,150
661 - Fleet Equipment Fund      4,605,700
848 - LDFA Fund      531,720
 
 
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.