File #: 2017-0251    Version: 1
Type: Finance Status: Passed
File created: 5/24/2017 In control: City Council Regular Meeting
On agenda: Final action: 6/19/2017
Title: FY 2017 2nd Quarter Budget Amendments
Attachments: 1. 061917 Agenda Summary.pdf, 2. 2nd Qtr BA (Overview).pdf, 3. 2nd Qtr BA [Details].pdf, 4. Public Hearing Notice.pdf, 5. Resolution (Draft).pdf

Title

FY 2017 2nd Quarter Budget Amendments

 

Body

Whereas, in accordance with the provisions of Public Act 2 of 1968, the Uniform Budgeting and Accounting Act, and the Charter for the City of Rochester Hills, Chapter III Section 3.7, the City Council may amend the budget during the fiscal year, either on its own initiative or upon recommendation of the Mayor; and

 

Whereas, the Public Hearing for the proposed FY 2017 2nd Quarter Budget Amendments was noticed on June 1, 2017; and

 

Whereas, the proposed FY 2017 2nd Quarter Budget Amendments were available for public viewing beginning on June 9, 2017; and

 

Whereas, at its June 19, 2017 meeting City Council held a Public Hearing on the proposed FY 2017 2nd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby approves the following FY 2017 fund totals as amended:

 

 

 

2017 Current

Net

2017 Proposed

 FUND

Budget

Change

Budget

 Fund 101 - General Fund

23,687,210

(236,940)

23,450,270

 Fund 202 - Major Road Fund

5,488,150

1,958,000

7,446,150

 Fund 203 - Local Street Fund

9,445,090

-

9,445,090

 Fund 206 - Fire Fund

10,379,960

142,860

10,522,820

 Fund 207 - Special Police Fund

9,643,940

-

9,643,940

 Fund 213 - RARA Millage Fund

619,390

5,110

624,500

 Fund 214 - Pathway Millage Fund

592,160

7,150

599,310

 Fund 232 - Tree Fund

199,660

3,970

203,630

 Fund 244 - Water Resources Fund

1,378,950

295,250

1,674,200

 Fund 265 - OPC Millage Fund

1,081,390

8,910

1,090,300

 Fund 299 - Green Space Fund

966,090

-

966,090

 Fund 331 - Drain Debt Fund

209,550

-

209,550

 Fund 369 - OPC Building Refunding Debt Fund

784,960

-

784,960

 Fund 393 - Municipal Building Refunding Debt Fund

838,670

-

838,670

 Fund 394 - 2012 Refunding Debt Fund

506,420

-

506,420

 Fund 402 - Fire Capital Fund

3,013,690

(95,000)

2,918,690

 Fund 403 - Pathway Construction Fund

413,650

72,000

485,650

 Fund 420 - Capital Improvement Fund

456,140

-

456,140

 Fund 510 - Sewer Department

15,083,280

635,600

15,718,880

 Fund 530 - Water Department

18,919,430

517,670

19,437,100

 Fund 593 - Water & Sewer Capital Fund

14,364,210

(804,000)

13,560,210

 Fund 595 - Water & Sewer Debt Fund

1,401,660

-

1,401,660

 Fund 631 - Facilities Fund

13,692,240

75,000

13,767,240

 Fund 636 - MIS Fund

2,538,440

-

2,538,440

 Fund 661 - Fleet Fund

4,734,870

(649,040)

4,085,830

 Fund 677 - Insurance Fund

402,000

-

402,000

 Fund 736 - Retiree Health Care Trust Fund

148,470

-

148,470

 Fund 752 - Cemetery Perpetual Care Trust Fund

-

-

-

 Fund 761 - Green Space Perpetual Care Trust Fund

-

-

-

 Fund 843 - Brownfield Redevelopment Fund

-

-

-

 Fund 848 - LDFA Fund

708,230

-

708,230

 Fund 851 - SmartZone Fund

19,000

50

19,050

 Fund 870 - Museum Foundation Trust Fund

10,000

-

10,000

 Fund 893 - EDC Fund

950

-

950

 

 

 

 

 GRAND TOTAL - ALL FUNDS

141,727,850

1,936,590

143,664,440