LEGISLATIVE YEAR 2021
RESOLUTION: R-21-155
PURPOSE: Relative to the transfer of $75,000 from Department 194
“Contingency”, Account 70100 “General Contingency” to
Department 198 “Interfund Transfers”, Account 89725
“Transfer to City Retirement Trust Fund”
SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: Reduces FY2021 General Fund surplus and increases
resources available in the City Retirement Trust Fund to cover
certain FY2021 retirement related severance payments in
excess of the original $500,000 FY2021 budget appropriation
for this purpose. The current balance in the City Retirement
Trust Fund is $27,378.
ANALYSIS
This legislation authorizes the transfer of $75,000 from funds available in the
General contingency account to the City Retirement Trust Fund for the purpose of covering
certain FY2021 retirement related severance payments in excess of the original FY202! Budget
appropriation for this purpose.
Charter Sec. 53 permits the Board of Aldennen to transfer any unencumbered appropriation
balance or any portion thereof from one department, fund or agency to another.
NRO § 5-130, H provides that “when proposed legislation to transfer or reappropriate a
particular appropriation or portion thereof has had its first reading, such funds shall not be
expended or transferred while the legislation is pending”.
Approved as to account Financial Services Division
structure, numbers, ers
and amount: By: /s/John Griffin
Approved as to form: Office of Corporation Counsel
By: NPyeardn Cia Me
Date: \ | \ dus ‘go
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