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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