HomeMy WebLinkAbout2000-061 CCRMember Kay Lasman introduced the following resolution and moved
its adoption:
RESOLUTION NO. 2000_61_
RESOLUTION AMENDING THE 1999 GENERAL FUND BUDGET AND
AUTHORIZING THE TRANSFER OF SURPLUS FUNDS FROM THE
GENERAL,-FUND TO THE PUBLIC EMV LOYEES RETIREMFTT FUM
WHEREAS, Section 7.11 of the City Charter provides the City Council with the
authority to make permanent transfers between all funds which may be created, provided
that such transfers are not inconsistent with the provisions of relevant covenants, the
provisions of this charter, or State statute; and
WHEREAS, The City has provided a program of certain health care insurance
benefits for City employees who retire before age 65, consisting of the single health care
insurance premium from the time of their retirement until they reach age 65 or become
eligible for Medicare, provided that they qualify for an unreduced PERA pension; and
WHEREAS, the liability for this benefit is calculated annually and recorded in
the Public Employees Retirement Fund; and
WHEREAS, the increase in the single health care insurance premium from
$195.16 per month in 1999 to $225.53 per month in 2000 has created a deficit in the
Public Employees Retirement Fund; and
WHEREAS, Section 7.08 of the City Charter provides the City Council with the
authority to increase the appropriations fixed in the budget, but only to the extent that
actual revenues exceed the estimates; and
WHEREAS, actual revenues have in several cases exceeded the estimates in the
budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, to amend the 1999 Annual Budget as follows:
1. Appropriations in the General Fund are increased to include a transfer to the
Public Employees Retirement Fund in the amount of 1120,000.
1
RESOLUTION NO. 2000-61
2. Estimated revenues in the General Fund are increased in the following
categories:
Property Taxes
Lodging Taxes
Total
March 27. 2000
Date
1
ATTEST: " 9
City Clerk
$80,000
$40,000
$120,000
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The motion for the adoption of the foregoing resolution was duly seconded by member
Debra Hilstrom , and upon vote being taken thereon, the following
voted in favor thereof:
Myrna Kragness, Debra Hilstrom, Kay Lasman, and Robert Peppe;
and the following voted against the same:
none;
whereupon said resolution was declared duly passed and adopted.