File #: 2020-0387    Version: 1
Type: Finance Status: Passed
File created: 9/23/2020 In control: City Council Regular Meeting
On agenda: Final action: 10/19/2020
Title: FY 2020 3rd Quarter Budget Amendments
Attachments: 1. 10192020 Agenda Summary.pdf, 2. 3rd Qtr BA (Detail).pdf, 3. 3rd Qtr BA (Overview).pdf, 4. Public Hearing Notice.pdf, 5. Resolution (Draft).pdf

Title

FY 2020 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 2020 3rd Quarter Budget Amendments was noticed on October 1, 2020; and

 

Whereas, the proposed FY 2020 3rd Quarter Budget Amendments were available for public viewing beginning on October 9, 2020; and

 

Whereas, at its October 19, 2020 meeting City Council held a Public Hearing on the proposed FY 2020 3rd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following FY 2020 fund totals as amended:

 

Total Budget Summary                           Current Budget     Change          Amended Budget

101 - General Fund                                $26,170,420        $ (22,240)      $ 26,148,180

202- Major Road Fund                               9,351,180           684,190         10,035,370

203 - Local Street Fund                             11,822,420          (17,010)        11,805,410

206 - Fire Department Fund                        12,966,060              -              12,966,060

207 - Special Police Fund                            9,969,840             (150)           9,969,690

213 - RARA Millage Fund                               694,690               -              694,690

214 - Pathway Maintenance Fund                       701,190              -             701,190

226 - Solid Waste Fund                                  89,850                -               89,850

232 - Tree Fund                                         157,000                -                157,000

244 - Water Resources Fund                          660,790             9,220              670,010

265 - OPC Millage Fund                              1,212,880                 -             1,212,880

299 - Green Space Fund                                306,290                 -              306,290

331 - Drain Debt Fund                                   208,880                 -                208,880

369 - OPC Building Refunding

           Debt Fund                                  748,170              -                  748,170

393 - Municipal Building Refunding

          Debt Fund                                   830,850             -                     830,850

402 - Fire Capital Fund                                  2,667,680           150,000            2,817,680

403 - Pathway Construction Fund                         521,750                  -                521,759

420 - Capital Improvement Fund                       6,457,990            (410,590)             6,047,400

510 - Sewer Department                               16,535,700             (86,090)          16,449,610

530 - Water Department                               20,485,290           (146,760)         20,338,530

593 - Water & Sewer Capital Fund                   18,163,900                  -              18,163,900

595 - Water & Sewer Debt Fund                      1,377,780                   -               1,377,780

596 - Solid Waste Fund                                  662,200                    -                 662,200

631 - Facilities Fund                                  18,614,000             (715,290)        17,898,710

636 - MIS Fund                                        4,088,820                (17,830)          4,070,990

661 - Fleet Fund                                        6,719,420              (143,200)        6,576,220

677 - Insurance Fund                                     415,000                    -                  415,000

736 - Retiree Healthcare Trust Fund                    179,180                    -                  179,180

752 - Cemetery Perpetual Care

             Trust Fund                                        -                         -                       -

761 - Green Space Perpetual Care

              Trust Fund                                310,400                  -                  310,400

844 - BRA:  Legacy                                   180,320                  -                  180,320

848 - LDFA Fund                                      529,820                   -                  529,820

870 - RH Museum Foundation Fund                    100                   -                        100

Grand Total - All Funds                        $173,799,860        $   (715,750)        $ 173,084,110