HomeMy WebLinkAbout025 - 02/17/1987 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL EMPLOYEES RETIREMENT FUND ORDINANCE NO. 25 , 1987
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING PRIOR YEAR RESERVES
IN THE GENERAL EMPLOYEE'S RETIREMENT FUND
WHEREAS, Article V, Section 8 of the Charter of the City of Fort
Collins permits the Council to appropriate prior year reserves at any time
such reserves are available; and
WHEREAS, funds will be needed to cover the additional pension payments
for employees who chose the Early Retirement option in 1986; and
WHEREAS, funds are available in the General Employee's Retirement Fund
prior year reserves.
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 Fund into the General
Employees Retirement Fund the total sum of EIGHTY THOUSAND DOLLARS
($80,000) for employee pension payments.
Introduced, considered favorably on first reading, and ordered
published this 3rd day of February A.D. 1987, and to be presented for final
passage on the 17th day of February, A.D. 1987.
Mayo
ATTEST- May
City Clerk
1987.Passed and adopted on final reading this 17th day of February, A.D.
Mayor
ATTE� ST:
City Clerk