04-9503r
103
RESOLUTION NO. 9503
RESOLUTION AUTHORIZING USE OF PUBLIC EMPLOYEES RETIREMENT
ASSOCIATION POLICE AND FIRE FUND REFUND INTEREST EARNINGS FOR
CERTAIN POLICE AND FIRE EXPENDITURES
WHEREAS, the City of Richfield received a refund of overfunded residual assets
from the closed Public Employees Retirement Association (PERA) Police and Fire Fund;
and
WHEREAS, the City adopted a plan where only interest earnings on the principal of
the residual assets are to be used for eligible expenditures; and
WHEREAS, all eligible expenditures be restricted to Police and Fire expenditures;
and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. Proposed 2005/Revised 2004 Police and Fire Expenditures using PERA funds
2004R 2005
Capital Improvement Budqet
800 MHz Radio 20,000 20,000
General Fund Operatinq Expenditures
Motor Vehicle 95.500 117.000
115.500 137.000
Adopted by the City Council of the City of Richfield, Minnesota this ,8th day of
September 2004. /:J;7iv{;;,.. f \
Martin J. Kir c , Mayor
ATTEST:
~~
Nancy Gibb City Clerk