Title
Adoption of Water and Sewer 2005 Budget (500'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
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Sewer Fund Budget for 2005 as follows:
Retained Earnings $4,619,230
Licenses & Permits 10,150
Charges for Service 9,674,890
Fines & Forfeitures 35,000
Investment Earnings 60,000
Other Revenue 6,335,930
Total Sewer Fund Revenues $20,735,200
Total Sewer Fund Expenditures $20,735,200
Be It Further Resolved, that the City Council of the City of Rochester Hills hereby adopts the Water Fund Budget for 2005 as follows:
Retained Earnings $5,882,500
Licenses & Permits 200
Charges for Service 12,604,210
Fines & Forfeitures 50,000
Investment Earnings 80,090
Other Revenue 13,875,680
Total Water Fund Revenues $32,492,680
Total Water Fund Expenditures $32,492,680
Grand Total Water & Sewer Fund Revenues $53,227,880
Grand Total Water & Sewer Fund Expenditures $53,227,880