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Appropriating $1,600,241.00 Federal Assistance Grant Fund 1985 Police & Fire Pension Costs
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Appropriating $1,600,241.00 Federal Assistance Grant Fund 1985 Police & Fire Pension Costs
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3/19/2013 8:31:40 AM
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3/19/2013 8:31:40 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/5/1985
Ord-Res Number
7504-85
Bill Number
92-85
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ORDINANCE NO. 75oq-8s <br /> AN ORDINANCE APPROPRIATING $1, 600, 241. 00 FROM <br /> THE FEDERAL ASSISTANCE GRANT FUND COMMONLY <br /> REFERRED TO AS GENERAL REVENUE SHARING TRUST FUND <br /> FOR THE 1985 POLICE AND FIRE PENSION COSTS OF THE <br /> CITY OF SOUTH BEND, INDIANA <br /> STATEMENT OF PURPOSE AND INTENT <br /> Additional funds are needed to supplement the 1985 budget <br /> for police and fire pensions, as planned in the budget. Monies are <br /> available within the General Revenue Sharing Trust Fund. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br /> CITY OF SOUTH BEND, INDIANA: <br /> SECTION I . That the sum of $1,600, 241. 00 is hereby <br /> appropriated for the year 1985. from the Federal Assistant Grant Fund <br /> commonly known as the General Revenue Sharing Trust Fund. This <br /> appropriation is to be administered by the Department of Administra- <br /> tion and Finance and will be distributed as set forth below: <br /> Program FA 249 Program FA 250 <br /> 1985 1985 <br /> Fire Pensions Police Pensions Total <br /> 150.1 Pensions, Retired $733, 872 $765, 523 $1, 499 , 395 <br /> Personnel <br /> 150. 2 Pensions Personnel 46, 028 37, 652 83, 680 <br /> Current <br /> 150. 3 Pensions Dependent 8 , 910 8 , 256 17, 166 <br /> Total $788, 810 $811, 431 $1, 600, 241 <br /> SECTION II . That this Ordinance shall be in full force <br /> and effect from and after its passage by the Common Council , approval <br /> by the Mayor, and approval by the State Board of Tax Commissioners . <br /> • <br /> ember of the Cot. Council <br />
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