HomeMy WebLinkAbout050 - 05/04/1982 - APPROPRIATING MONIES IN THE PENSION RESERVE FUND ORDINANCE NO 50 , 1982
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING MONIES IN THE
PENSION RESERVE FUND
WHEREAS, Article V, Sections 8 and 15 of the Charter of the City of
Fort Collins provides that Council may appropriate reserves accumulated in
prior years, and unanticipated revenue received at any time during the
year, and
WHEREAS, the reserves accumulated in the Pension Reserve Fund were
designated to be used for General Fund unfunded pension liability costs,
and
WHEREAS, funds are available in the Pension Reserve Fund to transfer
to the General Fund to pay for 1982 unfunded liability costs
NOW, THEREFOPE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated in 1982 the sum of TWO HUNDRED
SIXTY-THREE THOUSAND ONE HUNDRED NINETY-FIVE DOLLARS ($263,195) for trans-
fer from the Pension Reserve Fund to the General Fund for unfunded pension
liability costs
Introduced, considered favorably on first reading, and ordered pub-
lished this 20th day of April , A D 1982, and to be presented for
final passage on the 4th day of May A D 1982
May
ATTEST
City Clerk__
Passed and adopted on final reading this 4th day of May ,
A D 1982
Mayor
ATTEST
City Clerk