File #: 2021-0403    Version: 1
Type: Finance Status: Closed
File created: 9/30/2021 In control: City Council Regular Meeting
On agenda: Final action: 10/25/2021
Title: FY 2021 3rd Quarter Budget Amendment
Attachments: 1. 10252021 Agenda Summary.pdf, 2. 3rd Qtr BA Overview.pdf, 3. Budget Amendments Backup.pdf, 4. Resolution (Draft).pdf

Title

FY 2021 3rd Quarter Budget Amendment

 

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 2021 3rd Quarter Budget Amendments was noticed on October 7, 2021; and

 

Whereas, the proposed FY 2021 3rd Quarter Budget Amendments were available for public viewing beginning on October 15, 2021; and

 

Whereas, at its October 25, 2021 meeting City Council held a Public Hearing on the proposed FY 2021 3rd Quarter Budget Amendments.

 

Now, Therefore, Be It Resolved that the Rochester Hills City Council hereby approves the following FY 2021 fund totals as amended:

 

 TOTAL BUDGET SUMMARY

 Current Budget

 Change

 Amended Budget

 101 - General Fund

 $      29,304,300

 $        (442,330)

 $      28,861,970

 202 - Major Road Fund

 $      11,311,840

 $          (19,450)

 $      11,292,390

 203 - Local Street Fund

 $      10,532,670

 $        (140,450)

 $      10,392,220

 206 - Fire Department Fund

 $      13,120,120

 $                     - 

 $      13,120,120

 207 - Special Police Fund

 $      10,041,970

 $            (6,620)

 $      10,035,350

 213 - RARA Millage Fund

 $            704,540

 $                     - 

 $            704,540

 214 - Pathway Maintenance Fund

 $            734,520

 $                     - 

 $            734,520

 232 - Tree Fund

 $            185,690

 $                     - 

 $            185,690

 244 - Drain Maintenance Fund

 $            701,230

 $          (11,030)

 $            690,200

 365 - OPC Millage Fund

 $        1,569,600

 $                     - 

 $        1,569,600

 285 - ARPA Fund

 $                        -    $                     -    $                       -

 

 

 299 - Green Space Fund

 $            318,690

 $                     - 

 $            318,690

 331 - Drain Debt Fund

 $            210,120

 $                     - 

 $            210,120

 369 - OPC Building Refunding Debt Fund

 $            756,420

 $                     - 

 $            756,420

 393 - Municipal Building Refunding Debt Fund

 $            892,750

 $                     - 

 $            892,750

 402 - Fire Capital Fund

 $        2,461,020

 $              3,350

 $        2,464,370

 403 - Pathway Construction Fund

 $            254,550

 $                     - 

 $            254,550

 420 - Capital Improvement Fund

 $        5,018,400

 $         111,480

 $        5,129,880

 510 - Sewer Department

 $      15,839,620

 $          (89,500)

 $      15,750,120

 530 - Water Department

 $      21,036,280

 $          (57,590)

 $      20,978,690

 593 - Water & Sewer Capital Fund

 $      16,923,100

 $                     - 

 $      16,923,100

 595 - Water & Sewer Debt Fund

 $        1,379,380

 $                     - 

 $        1,379,380

 596 - Solid Waste Fund

 $            659,390

 $                     - 

 $            659,390

 631 - Facilities Fund

 $      21,158,390

 $          (49,930)

 $      21,108,460

 636 - MIS Fund

 $        3,731,510

 $          (44,910)

 $        3,686,600

 661 - Fleet Fund

 $        6,165,980

 $        (118,410)

 $        6,047,570

 677 - Insurance Fund

 $            422,200

 $                     - 

 $            422,200

 736 - Retiree Healthcare Trust Fund

 $            205,790

 $                     - 

 $            205,790

 752 - Cemetery Perpetual Care Trust Fund

 $                5,000

 $                     - 

 $                5,000

 761 - Green Space Perpetual Care Trust Fund

 $            304,390

 $                     - 

 $            304,390

 243 - Brownfield Revolving Fund

 $                        -    $                    -

 $                     -  

 

 844 - Brownfield Redevelopment Fund (Legacy)

 $            169,690

 $                     - 

 $            169,690

 848 - LDFA Fund

 $            710,710

 $                     - 

 $            710,710

 870 - RH Museum Foundation Fund

 $                    100

 $                     - 

 $                    100

 GRAND TOTAL - ALL FUNDS

 $   176,829,960

 $       (865,390)

 $   175,964,570