01-9092r
24
RESOLUTION NO. 9092
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 2002 Revised Police/2001 Proposed and Fire Expenditures using
PERA funds
2001 R 2002
Capital Improvement Budqet
800 MHz Radio 15,000
Emergency Generator 160,000
General Fund Operatinq Expenditures
Logis 13,000
Mounting Racks 2,240
Ammo AR-15 2,040
MP-5's 6,430
Firearms, Magazines, and Holders 950
Motor Vehicle 171,400 241,740
General Fund Capital Expenditures
U.P.S. For Radio System 3,000
Firearms Range 7,770
Booking System Upgrade 5,000
Fire Station Office Improvements 20.000
381.830 266.740
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of
September 2001. ~j-:'~.. )..) '()
7lJt~v/lvYj , . '(';?AAA-~J\
Martin J. Kirsch,-.fV1ayor
ATTEST: