HomeMy WebLinkAboutResolution 2012-0056CITY OF WHEAT RIDGE, COLORADO
RESOLUTION N0 . ..§2
Series of 2012
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2012
GENERAL FUND BUDGET TO REFLECT THE APPROVAL OF
A SUPPLEMENTAL BUDGET APPROPRIATION IN THE
AMOUNT OF$ 21,050
WHEREAS . the Police Pension Plan Board of Trustees has a fiduciary
responsibility to pay the costs associated with the operation of the Police Pension Plan ;
and
WHEREAS . the Police Pension Plan expenditures are made from plan accounts
held by ICMA -RC. The ICMA-RC payment process requires that funds from these
accounts be wired to the City upon receiving written authorization from the Police
Pension Plan Board of Trustees . Upon receipt of these funds, the City deposits them
into a miscellaneous revenue account: and
WHEREAS, the funds, in the amount of$ 21 .050.00, received by the City and
deposited into the miscellaneous revenue account must now be appropr iated into th is
pol ice department budget account in order for pension plan vendors to be pa id ; and
WHEREAS , the Wheat Ridge Charter requires that amendments to the budget
be effected by the City Council adopt ing a resolution :
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Wheat Ridge, Colorado, as follows:
A The City Council authorizes the transfer of$ 21 .050 from the
General Fund undesignated reserves to account number 01 -2 01-
700-750 and the appropriate amendment of the General Fund .
AITEST:
~ nelle Shaver, City Clerk