05-9661r
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RESOLUTION NO. 9661
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. Revised 2005/Proposed 2006 Police and Fire Expenditures using PERA funds
2005R 2006
Capital Improvement BudQet
800 MHz Radio 20,000 20,000
General Fund OperatinQ Expenditures
Motor Vehicle 117.000 118.000
137.000 138.000
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Adopted by the City Council of the City of Richfield, Minnesota this 13th day of
September 2005. t
ATTEST: