File #: 2018-0518    Version: 1
Type: Finance Status: Passed
File created: 11/12/2018 In control: City Council Regular Meeting
On agenda: Final action: 12/10/2018
Title: FA 2018 4th Quarter Budget Amendments
Attachments: 1. 121018 Agenda Summary.pdf, 2. Suppl Presentation.pdf, 3. 4th Qtr BA [Overview].pdf, 4. 2018 - City 4th Qtr BA - Detail.pdf, 5. 2018 - City 4th Qtr Budget Adjustments.pdf, 6. Public Hearing Notice.pdf, 7. Resolution (Draft).pdf

Title

FA 2018 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 2018 4th Quarter Budget Amendments was noticed on November 21, 2018; and

 

Whereas, the proposed FY 2018 4th Quarter Budget Amendments were available for public viewing beginning on November 30, 2018; and

 

Whereas, at its December 10, 2018 meeting City Council held a Public Hearing on the proposed FY 2018 4th Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved, that the Rochester Hills City Council hereby adopts the following FY 2018 fund totals as amended:

 

 

2018 Current

 

2018 Amended

 FUND

Budget

Change

Budget

 Fund 101 - General Fund

$24,223,690

($1,059,340)

$23,164,350

 Fund 202 - Major Road Fund

11,790,610

(1,373,140)

10,417,470

 Fund 203 - Local Street Fund

10,008,710

(451,300)

9,557,410

 Fund 206 - Fire Fund

10,841,360

278,330

11,119,690

 Fund 207 - Special Police Fund

9,747,460

23,440

9,770,900

 Fund 213 - RARA Millage Fund

641,890

800

642,690

 Fund 214 - Pathway Millage Fund

611,000

13,660

624,660

 Fund 232 - Tree Fund

200,000

(75,000)

125,000

 Fund 244 - Water Resources Fund

1,485,260

(196,450)

1,288,810

 Fund 265 - OPC Millage Fund

1,120,090

1,170

1,121,260

 Fund 299 - Green Space Millage Fund

286,220

(11,370)

274,850

 Fund 331 - Drain Debt Fund

206,000

-

206,000

 Fund 369 - Older Persons Building Bond Refunding Fund

782,200

(270)

781,930

 Fund 393 - City Hall Building Bond Fund

805,020

-

805,020

 Fund 402 - Fire Capital Fund

1,492,980

(107,040)

1,385,940

 Fund 403 - Pathway Construction Fund

945,200

(69,200)

876,000

 Fund 420 - Capital Improvement Fund

64,480

(7,000)

57,480

 Fund 510 - Sewer Operations

16,196,690

(890,600)

15,306,090

 Fund 530 - Water Operations

20,380,800

(10,830)

20,369,970

 Fund 593 - Water & Sewer Capital Fund

8,429,860

(903,410)

7,526,450

 Fund 595 - Water & Sewer Debt Fund

1,397,780

-

1,397,780

 Fund 631 - Facilities Fund

16,024,910

(4,182,840)

11,842,070

 Fund 636 - MIS Fund

2,727,950

(221,230)

2,506,720

 Fund 661 - Fleet Fund

4,112,930

(806,070)

3,306,860

 Fund 677 - Insurance Fund

395,000

-

395,000

 Fund 736 - Retiree Health Care Fund

185,530

(25,840)

159,690

 Fund 752 - Cemetery Perpetual Care Fund

250,000

600

250,600

 Fund 761 - Green Space Perpetual Care Trust

286,090

(9,640)

276,450

 Fund 843 - Brownfield Redevelopment Fund

-

-

-

 Fund 848 - LDFA Fund

2,810,450

(416,490)

2,393,960

 Fund 870 - Museum Foundation Fund

10,000

(9,950)

50

 Fund 893 - EDC Fund

950

(150)

800

 GRAND TOTAL

$148,461,110

($10,509,160)

$137,951,950