File #: 2019-0449    Version: 1
Type: Finance Status: Passed
File created: 10/2/2019 In control: City Council Regular Meeting
On agenda: Final action: 10/21/2019
Title: FY 2019 3rd Quarter Budget Amendments
Attachments: 1. 102119 Agenda Summary.pdf, 2. 3rd Qtr BA (Overview).pdf, 3. 3rd Qtr BA (Line Item Detail).pdf, 4. Public Hearing Notice.pdf, 5. Resolution (Draft).pdf

Title

FY 2019 3rd 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 2019 3rd Quarter Budget Amendments was noticed on October 3, 2019; and

 

Whereas, the proposed FY 2019 3rd Quarter Budget Amendments were available for public viewing beginning on October 11, 2019; and

 

Whereas, at its October 21, 2019 meeting City Council held a Public Hearing on the proposed FY 2019 3rd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following FY 2019 fund totals as amended:

 

 

TOTAL BUDGET SUMMARY                                                               Current Budget                     Change                     Amended Budget

101 - General Fund                                                                                    

                                                                                                                                                                                                                      38,515,950                                                               (89,370)                                          38,426,580

202 - Major Road Fund                                                                                    

                                                                                                                                                                                                                  18,528,650                                                               (42,250)                                          18,486,400

203 - Local Street Fund                                                                                    

                                                                                                                                                                                                                  13,730,100                                                               (27,120)                                          13,702,980

206 - Fire Department Fund                                                               

                                                                                                                                                                                                                  14,472,590                                                               -                                                               14,472,590

207 - Special Police Fund                                                               

                                                                                                                                                                                                                  10,010,380                                                               (7,020)                                          10,003,360

213 - RARA Millage Fund                                                               

                                                                                                                                                                                                                  668,130                                                                                    -                                                               668,130

214 - Pathway Maintenance Fund                                          

                                                                                                                                                                                                                  829,430                                                                                    -                                                               829,430

226 - Solid Waste Fund                                                                                    

                                                                                                                                                                                                                  464,700                                                                                    -                                                               464,700

232 - Tree Fund                                                                                                         

                                                                                                                                                                                                                  545,000                                                                                    -                                                               545,000

244 - Water Resources Fund                                                               

                                                                                                                                                                                                                  752,750                                                                                    270                                                               743,020

265 - OPC Millage Fund                                                                                    

                                                                                                                                                                                                                  1,166,450                                                               -                                                               1,166,450

299 - Green Space Fund                                                                                    

                                                                                                                                                                                                                  307,560                                                                                    -                                                               307,560

331 - Drain Debt Fund                                                                                    

                                                                                                                                                                                                                  202,480                                                                                    -                                                               202,480

369 - OPC Building Refunding Debt Fund                                          

                                                                                                                                                                                                                  777,060                                                                                    -                                                               777,060

393 - Municipal Building Refunding Debt Fund                     

                                                                                                                                                                                                                  867,150                                                                                    -                                                               867,150

402 - Fire Capital Fund                                                                                    

                                                                                                                                                                                                                  611,500                                                                                    -                                                               611,500

403 - Pathway Construction Fund                                          

                                                                                                                                                                                                                  195,000                                                                                    -                                                               195,000

420 - Capital Improvement Fund                                                               

                                                                                                                                                                                                                  11,266,620                                                               301,000                                          11,567,620

510 - Sewer Department                                                                                    

                                                                                                                                                                                                                  16,704,540                                                               (60,760)                                          16,643,780

530 - Water Department                                                                                    

                                                                                                                                                                                                                  20,691,910                                                               (69,500)                                          20,622,410

593 - Water & Sewer Capital Fund                                          

                                                                                                                                                                                                                  7,839,720                                                               970,000                                          8,809,720

595 - Water & Sewer Debt Fund                                                               

                                                                                                                                                                                                                  1,388,160                                                               -                                                               1,388,160

631 - Facilities Fund                                                                                    

                                                                                                                                                                                                                  16,923,570                                                               249,820                                          17,173,390

636 - MIS Fund                                                                                                         

                                                                                                                                                                                                                  5,026,210                                                               (1,080)                                          5,025,130

661 - Fleet Fund                                                                                                         

                                                                                                                                                                                                                  4,670,250                                                               (139,870)                     4,530,380

677 - Insurance Fund                                                                                    

                                                                                                                                                                                                                  405,000                                                                                    -                                                               405,000

736 - Retiree Healthcare Trust Fund                                          

                                                                                                                                                                                                                  186,610                                                                                    -                                                               186,610

752 - Cemetery Perpetual Care Trust Fund                     

                                                                                                                                                                                                                      -                                                                                                         -                                                                   -

761 - Green Space Perpetual Care Trust Fund                     

                                                                                                                                                                                                                  298,500                                                                                    -                                                               298,500

843 - BRA:  Madison Park                                                               

                                                                                                                                                                                                                  539,490                                                                                    -                                                               539,490

844 - BRA:  Legacy                                                                                    

                                                                                                                                                                                                                  97,430                                                                                    -                                                               97,430

848 - LDFA Fund                                                                                    

                                                                                                                                                                                                                  516,070                                                                                    -                                                               516,070

870 - RH Museum Foundation Fund                                          

                                                                                                                                                                                                                  100                                                                                          -                                                               100

 

GRAND TOTAL - ALL FUNDS                                                               189,189,060                                                               1,084,120                     190,273,180