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Adoption of Internal Service Funds 2005 Budget (600's)
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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 4, 2004 meeting City Council acknowledged receipt from the Mayor of the Proposed 2005 Budget Plan and set a Public Hearing to be held September 15, 2004 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 2005 as follows:
Retained Earnings $ 228,580
Charges for Service 3,056,570
Investment Earnings 25,000
Transfer-In 1,811,270
Total Building and Grounds Fund Revenues $5,121,420
Total Building and Grounds Fund Expenditures $5,121,420
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Management Information Systems Fund Budget for 2005 as follows:
Retained Earnings $ 771,160
Charges for Services 2,056,110
Investment Earnings 25,000
Total Management Information Systems Fund Revenues $2,852,270
Total Management Information Systems Fund Expenditures $2,852,270
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Fleet Fund Budget for 2005 as follows:
Retained Earnings $ 709,190
Charges for Services 2,001,540
Investment Earnings 30,000
Transfer-In 30,000
Total Fleet Fund Revenues $2,770,730
Total Fleet Fund Expenditures $2,770,730
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Insurance Fund Bu...
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