HomeMy WebLinkAbout084 - 08/04/1992 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL EMPLOYEES RETIREMENT PENSION FUND ORDINANCE NO. 84, 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 the 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, meetings with a cross section of the members of the General
Employees Retirement Plan identified a need for additional information to be
developed and disseminated to the members of the Plan; and
WHEREAS, given the demand for additional information and discussion of the
provisions of the Plan, the General Employees Retirement Committee recommends
that an education and communication program for City employees concerning the
Retirement Plan be developed.
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 THIRTY-FIVE THOUSAND DOLLARS
($35,000) for the General Employees Retirement Plan education and communication
program.
Introduced, considered favorably on first reading and ordered published this
21st day of July, A.D. 1992, and to be presented for final passage on the 4th day
of August, A.D. 1992.
yor
ATTEST:
City Clerk
Passed and adopted on final reading this 4th da of August, A.D. 1992.
ayor pro Tem
ATTEST:
City Clerk