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Adoption of Rochester Avon Recreation Authority (RARA) 2005 Budget (800)
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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 Rochester Avon Recreation Authority (R.A.R.A.) Budget for 2005 as follows:
Fund Balance $ 0
Municipal Contribution 585,300
Charges for Services 1,176,910
Investment Earnings 11,000
Other Revenue 5,500
Total Rochester Avon Recreation Authority Revenues $1,778,710
Total Rochester Avon Recreation Authority Expenditures $1,778,710