03-9377r
I
I
I
199
RESOLUTION NO. 9377
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 2004/Revised 2003 Police and Fire Expenditures using PERA funds
2003R 2004
Capital Improvement Budget
800 MHz Radio 20,000 20,000
General Fund Operating Expenditures
Motor Vehicle 94.000 75.640
114.000 95.640
Adopted by the City Council of the City of Richfield, Minnesota this 9th day of
September 2003. 0 \
ATTEST: