RES 1974-120 - 000079731218
RESOLUTION NO. 120 -1974
A RESOLUTION TRANSFERRING BUDGET FROM THE P. E. R. A. FUND TO THE GENERAL FUND AND FROM
THE POLICE PENSION FUND TO THE GENERAL FUND, AND AUTHORIZING THE ROUTING OF ALL REVENUES
AND EXPENDITURES FOR THE P. E. R. A. FUND AND POLICE RELIEF FUND THROUGH THE GENERAL FUND
WHEREAS, The cost of retirement benefits for the year 1974 was budgeted in the
P. E. R. A. Fund and Police Pension Fund, and
WHEREAS, These expenses are now being charged to the individual departments of
the General Fund,
NOW, THEREFORE, BE IT RESOLVED, BY the City Council of the City of Fridley meeting
at a regular session on the 21st day of October, 1974, as follows:
1. That the revenues and
appropriations of the following
funds be
reduced as follows:
ESTIMATED REVENUE
APPROPRIATIONS
P. E. R. A. Fund
$99,777.00
$99,777.00
POLICE PENSION FUND
$96,209.00
$96,209.00
2. That the budget of the General Fund be increased as follows:
ESTIMATED REVENUE
Taxes
$168,186.00
Interest
800.00
Transfer of Surplus
5,000.00
Insurance Refund
22,000.00
95,986.00
APPROPRIATIONS
City Council
$ 219.00
City Manager
7,254.00
Finance
11,804.00
Building and Grounds
2,125.00
Police
106,187.00
Fire
9,868.00
Civil Defense
988.00
Engineering, Planning
and Building Inspection
16,543.00
Public Works
21,941.00
Sanitation and Health
1,057.00
Parks, Recreation and
Band -
18,000.00
$T97. T8-6-=
BE IT FURTHER RESOLVED, That all revenues and all expenditures for retirement,
except for Volunteer Firemen for the year 1974 shall be routed through the General
Fund, including any receipts and disbursements to date, and
BE IT FURTHER RESOLVED, That the P. E. R. A. Fund and the Police Pension Fund
be closed into the General Fund.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 21ST DAY OF
OCTOBER, 1974.
MAYOR - FRANK G. LIE
ATTEST:
AMP
1