HomeMy WebLinkAboutCity Council Resolution 1062 RESOLUTIOI~I NO. 1062
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
AUTHORIZING APPROPRIATION OF FUND RESERVES FOR THE PURPOSE
OF DEFERRED COMPENSATION PAYMENTS
WHEREAS, City Council adoption of Resolution No. 85-9.52 in
June of 1981 clarified the intent of Social Security replacement
benefits; and
WHEREAS, the City Council has determined that certain adjust-
ments should have been made in the City contributions for Deferred
Compensation during the period of April 1979-March 1981;
NOW, THEREFORE, BE IT RESOLVED that the amount of $25,000 be
and hereby is, appropriated from the Reserves of the General Fund set
aside in the 1981-82 budget, and the Finance Director is hereby
authorized to appropriate $25,000 to Fund 21, Account 4016, Program 305,
Department 30, for purposes of Deferred Compensation payments.
The above and foregoing resolution ~Tas passed and adopted at
a regular meeting of the City Council of the City of Saratoga held on
the 17th day of March, 1982, by the following vote:
AYES: Councihnenke~s Clevenger, Jensen, Mallory, Watson, Mayor Callon
NOES: None
ABSENT: None
ATTEST: