HomeMy WebLinkAboutD-1952-09 TABLED INDEFINITELY Police/Fire PensionsORDINANCE D- 1952 -09
SPONSORS: Councilors Seidensticker Snyder
AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF CARMEL,
INDIANA PROVIDING FOR AN ADDITIONAL APPROPRIATION OF FUNDS FROM
THE UNENCUMBERED 1925 POLICE PENSION AND 1937 FIRE PENSION FUNDS
AND CERTAIN REDUCTIONS IN APPROPRIATIONS
WHEREAS, the unencumbered balance of the 1925. Police Pension Fund was Three
Million Seven Hundred Seven Thousand Nine Hundred Eighty -Three Dollars ($3,707,983.00)
as of December 31, 2008; and
WHEREAS, the unencumbered balance of the 1937 Fire Pension Fund was Four Million.
Seven Hundred Seventy Thousand Nine Hundred Fifty -Three Dollars ($4,770,953.00) as of
December 31, 2008; and
WHEREAS, the City of Carmel and its chief executive desire to make certain 2009,
1977 Police and Fire Pension. Fund contributions from the unencumbered portion of the 1925
Police and 1937 Fire Pension Funds; and
WHEREAS, the City of Carmel desires to thereby reduce certain 2009, 1977 Police and
Fire Pension Fund appropriations from the General Fund.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Carmel, Indiana, the following additional appropriations and reductions in appropriations:
Section 1. The foregoing Recitals are fully incorporated herein by this reference.
Section 2. There shall be appropriated from the operating balance of the 1925 Police
Pension Fund the sum of $311,436.00 into Line Item 4123001 Uniform PERF, State of Indiana
1977 Fire and Police Pension Fund.
Section 3. There shall be appropriated from the operating balance of the 1937 Fire
Pension Fund the sum of $394,866.00 into Line Item 4123001 Uniform PERF, State of Indiana
1977 Fire and Police Pension Fund.
Section 4. There shall be a reduction in appropriation from the Police Department within
the City's General Fund in the sum of $311,436.00 from Line Item #4123001, Uniform PERF.
Section 5. There shall be a reduction in appropriation from the Fire Department budget
within the City's General Fund in the sum of $394,866.00 from Line Item #4123001, Uniform
PERF.
PASSED by the Common Council of the City of Cannel, Indiana this day of
2009 by a vote of ayes and nays.
Page One of Two Pages
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Presiding Officer Joseph C. Griffiths
W. Eric Seidensticker, President Pro Tempore Kevin Rider
John V. Accetturo Richard L. Sharp
Ronald E. Carter Luci Snyder
ATTEST:
Diana L. Cordray, IAMC, Clerk Treasurer
Presented by me to the Mayor of the City of Carmel, Indiana this day of 2009,
at .M.
Approved by me, Mayor of the City of Cannel, Indiana, this day of 2009,
at .M.
ATTEST:
Diana L. Cordray, IAMC, Clerk Treasurer
Ordinance D- 1952 -09
Page Two of Two Pages
COMMON COUNCIL FOR THE CITY OF CARMEL
Diana. L. Cordray, IAMC, Clerk Treasurer
James Brainard, Mayor
1[C:1Documents and SettingslebasslLocal SettingslTemporary Internet Files10LK8112 009 -07 -0 8 proposed ordinance Pension Fund.doc:7 /10 /2009 12:10 PM]
SPONSORS: Councilors Seidensticker Snyder