Title
Adoption of Internal Services Funds - 2006 Budget (600'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 3, 2005 meeting City Council acknowledged receipt from the Mayor of the Proposed 2006 Budget Plan and set a Public Hearing to be held September 7, 2005 at 7:30 p.m. to hear comments on the Proposed Budget Plan; and
Whereas, at its September 14, 2005 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 2005 to provide the tax revenues included in the 2006 Budget.
Resolved, that the City Council of the City of Rochester Hills hereby adopts the Facilities Fund Budget for Fiscal Year 2006 as follows:
Fund 631 - Facilities Fund:
Retained Earnings $ 363,630
Charges for Service 2,906,160
Interest Earnings 105,000
Transfer In 1,644,500
Total Facilities Fund Revenues $5,019,290
Total Facilities Fund Expenses $5,019,290
Resolved, that the City Council of the City of Rochester Hills hereby adopts the MIS Fund Budget for Fiscal Year 2006 as follows:
Fund 636 - MIS Fund:
Retained Earnings $ 679,230
Charges for Service 1,816,370
Interest Earnings 84,000
Transfer In 219,000
Total MIS Fund ...
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