HomeMy WebLinkAboutAgenda Statement 1980/07/08 Item 10
COUNCIL AGENDA STATEMENT
Item
Meeting Date 7/8/80
.10
ITEM TITLE: Resolutionlt'/71 Approving
Actuarial
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SUBMITTED BY: Dlrector of Flnance
Special Appropriation of Funds for
Valuations - Retired Employees
(4/5ths Vote: Yes~ No___)
On June 17, 1980 the City Council approved securing actuarial valuations to
determine the actual cost of providing annual increases for retired employees.
Therefore, it is my
RECOMMENDATION: That the City Council appropriate $900 from the Reserve for
Contingencies of the General Fund for this purpose.
BOARDS AND COMMISSIONS RECOMMENDATION: Not Applicable
DISCUSSION
The funds approved by this resolution will be expended to obtain specific
costs for changes in our contract to allow for a one-time increase and also a
3% and 5% annual cost-of-living allowance for all retired employees.
FINANCIAL IMPACT
Funds should be placed in 100-0730-5201.
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Form A-113 (Rev. 11/79)
Form No. F-229
12/73
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of Unappropriated Balance
I HEREBY CERTIFY that the money required for the
appropriation of funds for the purpose set forth in the attached
resolution is available in the Treasury, or is anticipated to
come into the Treasury, and is otherwise unappropriated.
Amount $900.00
Fund General (Reserve for Contingency)
Purpose
Actuarial Valuations - Retired Employee Benefits
N/A
Bidder
100 0730 5201
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Director of Finance
The City of Chula Vista
6/26/80
By
Date
Certification of Unencumbered Balance
I HEREBY CERTIFY that the indebtedness and obligation
to be incurred by the contract or agreement authorized by the
attached resolution can be incurred without the violation of any
of the provisions of the Charter of the City of Chula Vista, or
the Constitution or the laws of the State of California, that
sufficient monies have been appropriated for the purpose of said
contract, that sufficient monies to meet the obligations of the
contract are actually in the Treasury, or are anticipated to corne
into the Treasury to the credit of the appropriation from which
the same are to be drawn, and that said monies now actually in
the Treasury, together with the monies anticipated to corne into
the Treasury, to the credit of said appropriation are otherwise
unencumbered.
Amount Not to Exceed $
Director of Finance
The City of Chula Vista
Date
By
Fund
Dept./Activity
Purpose
Bidder
Certificate No. X~
10/77