LEGISLATIVE YEAR 2022
RESOLUTION: R-22-041
PURPOSE: Relative to the supplemental appropriation of $500,000 of
FY2022 Assigned Fund Balance into Fund 7025 “City
Retirement Trust Fund”
SPONSOR(S): Mayor Jim Donchess
COMMITTEE Budget Review Committee
ASSIGNMENT:
FISCAL NOTE: This resolution will reduce the Assigned Fund Balance for
future liabilities. The current balance in Assigned Fund
Balance is $8,655,000 and the current balance in the City
Retirement Trust Fund is $78.73.
ANALYSIS
This resolution appropriates $500,000 of FY¥2022 assigned fund balance into the City Retirement
Expandable Trust Fund (ETF).
Charter Sec. 53 permits specific non-budget, supplementary appropriations. There should be
notice and a public hearing. A two-thirds vote is required under Charter Sec, 56-b for an item or
amount not in the mayor’s budget. A roll call is required under Charter Sec. 49.
Approved as to account Financial Lg Divisio
structure, numbers,
and amount;
Approved as to form: Offi y ht €ounsel
By: Wp CCa Se.
Date: - Hevine PAD
