File #: 2004-0710    Version: 1
Type: Finance Status: Passed
File created: 8/24/2004 In control: City Council Regular Meeting
On agenda: Final action: 10/20/2004
Title: Adoption of General Fund 2005 Budget (100's)
Attachments: 1. Approval Summary.pdf, 2. Memo J Jenuwine distributed at 9204 WS.pdf, 3. Memo J Jenusine re Mayor's org chart.pdf, 4. Budget Agenda Summary.pdf, 5. 2005 Budget Answers 1.pdf, 6. 2005 Budget Answers 2.pdf, 7. Minutes CC 022504 Budget WS.pdf, 8. Minutes CC 050304 WS.pdf, 9. Minutes 051004 CC Budget WS.pdf, 10. 0710 Resolution.pdf
Title
Adoption of  General Fund 2005 Budget (100's)
 
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 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
 
Whereas, at its September 22, 2004 meeting City Council adopted the 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 December 2004 to provide the tax revenues included in the Proposed 2005 Budget.
 
Resolved, that the City Council of the City of Rochester Hills hereby adopts the General Fund Budget for 2005 as follows:
 
City Taxes                                                   $10,075,080
Licenses & Permits                                          1,937,000
State Shared Revenue                                      5,258,250
Charges for Service                                         5,654,020
Fines & Forfeitures                                             112,000
Investment Earnings                                            180,000
Other Revenue                                                   224,550
 
Total General Fund Revenues                 $23,440,900
 
          Total General Fund Expenditures            $23,440,900