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File #:
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2017-0543
Version:
1
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Type:
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Finance
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Status:
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Passed
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On agenda:
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Final action:
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12/11/2017
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Title:
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4th Quarter Budget Amendments
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Title
4th 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 4th Quarter Budget Amendments was noticed on November 22, 2017; and
Whereas, the proposed FY 2017 4th Quarter Budget Amendments were available for public viewing beginning on December 1, 2017; and
Whereas, at its December 11, 2017 meeting City Council held a Public Hearing on the proposed FY 2017 4th Quarter Budget Amendments.
Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby adopts the following FY 2017 fund totals as amended:
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2017 Current |
Net |
2017 Proposed |
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TOTAL BUDGET SUMMARY |
Budget |
Change |
Budget |
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101 - General Fund |
$23,089,470 |
(1,050,790) |
$22,038,680 |
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202 - Major Road Fund |
7,409,430 |
(887,770) |
6,521,660 |
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203 - Local Street Fund |
9,372,890 |
(238,020) |
9,134,870 |
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206 - Fire Department Fund |
10,522,820 |
163,790 |
10,686,610 |
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207 - Special Police Fund |
9,691,210 |
(369,970) |
9,321,240 |
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213 - RARA Millage Fund |
624,500 |
(5,330) |
619,170 |
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214 - Pathway Maintenance Fund |
599,310 |
6,800 |
606,110 |
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232 - Tree Fund |
203,630 |
(52,000) |
151,630 |
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244 - Drain Maintenance Fund |
1,688,580 |
(489,080) |
1,199,500 |
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265 - OPC Millage Fund |
1,090,300 |
(9,000) |
1,081,300 |
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299 - Green Space Fund |
966,090 |
(22,090) |
944,000 |
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331 - Drain Debt Fund |
209,550 |
- |
209,550 |
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369 - OPC Building Refunding Debt Fund |
784,960 |
- |
784,960 |
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393 - Municipal Building Refunding Debt Fund |
838,670 |
- |
838,670 |
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394 - 2012 Refunding Debt Fund |
506,420 |
- |
506,420 |
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402 - Fire Capital Fund |
2,918,690 |
(55,980) |
2,862,710 |
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403 - Pathway Construction Fund |
485,650 |
3,520 |
489,170 |
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420 - Capital Improvement Fund |
456,140 |
(120,000) |
336,140 |
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510 - Sewer Department |
15,604,540 |
(621,660) |
14,982,880 |
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530 - Water Department |
19,399,620 |
621,120 |
20,020,740 |
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593 - Water & Sewer Capital Fund |
13,560,210 |
(4,286,790) |
9,273,420 |
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595 - Water & Sewer Debt Fund |
1,401,660 |
150 |
1,401,810 |
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631 - Facilities Fund |
13,709,530 |
(6,524,450) |
7,185,080 |
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636 - MIS Fund |
2,556,170 |
(517,880) |
2,038,290 |
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661 - Fleet Fund |
3,999,960 |
(829,700) |
3,170,260 |
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677 - Insurance Fund |
402,000 |
- |
402,000 |
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736 - Retiree Healthcare Trust Fund |
148,470 |
(13,520) |
134,950 |
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752 - Cemetery Perpetual Care Trust Fund |
- |
- |
- |
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761 - Green Space Perpetual Care Trust Fund |
- |
- |
- |
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843 - Brownfield Redevelopment Fund |
- |
- |
- |
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848 - LDFA Fund |
708,230 |
(423,230) |
285,000 |
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853 - SmartZone Fund |
19,050 |
- |
19,050 |
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870 - RH Museum Foundation Fund |
10,000 |
(9,980) |
20 |
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893 - EDC Fund |
950 |
- |
950 |
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GRAND TOTAL - ALL FUNDS |
$142,978,700 |
(15,731,860) |
$127,246,840 |
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