02-9226r
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RESOLUTION NO. 9226
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 2003/Revised 2002 Police and Fire Expenditures using PERA funds
2002R 2003
Capital Improvement Budqet
800 MHz Radio 45,000 20,000
General Fund Operatinq Expenditures
Motor Vehicle 243.740 208,640
288.740 228.640
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
September 2002. .U
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Martin J. . sc , Mayor
ATTEST:
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.. Nancy Gib , City Clerk