HomeMy WebLinkAbout049 - 04/21/1992 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL EMPLOYEES RETIREMENT PENSION FUND ORDINANCE NO. 49 , 1992
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES
IN THE GENERAL EMPLOYEES RETIREMENT PENSION FUND
WHEREAS, Article V, Section 7, of the Charter of the City of Fort Collins
authorizes the City Council to provide by ordinance for payment of any expense
from reserves accumulated in prior years, notwithstanding that such reserves were
not appropriated for expenditure in the annual appropriation ordinance; and
WHEREAS, several changes have been incorporated into the General Employees
Retirement Plan in 1990 and 1992; and
WHEREAS, given the number of changes, the General Employees Retirement
Committee recommends an education and communication program for City employees
concerning the Retirement Plan.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that there is hereby appropriated for expenditure from prior year reserves in the
General Employees Retirement Pension Fund the sum of FOUR THOUSAND FIVE HUNDRED
DOLLARS ($4,500) for the first phase of the General Employees Retirement Plan
education and communication program.
Introduced, considered favorable on first reading, and ordered published
this 7th day of April , A.D. 1992, and to be presented for final passage on the
21st day of April , A.D. 1992. /
1
Mayor
ATTEST:
'bAMAIQ ani'
City Clerk
Passed and adopted on final reading this 21st day of April , A.D. 1992.
h�ayor
ATTEST:
City Clerk