HomeMy WebLinkAboutDocumentation_Regular_Tab 07_08/17/2006 VILLAGE OF TEQUESTA
M�ETING AGENDA ROUTING SHEET
MEETING DATE:
REQUESTED ACTION/SUMMARY:
Appropriation request for increased pension contribution rate for Police Officers .
RESOLUTION OR ORDINANCE NUMBER:`i� OS/06
ORIGINATING DEPARTMENT: Finance for Police - Patrol
FUNDING SOURCE: 2005/2006 BUDGET
ACCOUNT NUMBER: 001-175-522.102, VOT Pension Contributions
CURRENT BUDGETED AMOUNT AVAILABLE: $50,933.00
AMOUNT OF THIS ITEM: $26,430.00
BUDGET TRANSFER REQUIRED: Yes
APPROPRIATE FUND BALANCE: Yes
Piggyback Contract Name and number: N/A
Or
Competitive Bid for anything over $1,000-Attach 3 Bids
APPROVALS:
DEPARTMENT HEAD
FINANCE DIRECTOR� � ' �
, � J - --- _ ��,�--
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_
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VILLAGE MANAGER � � .��
VILLAGE MANAGER RECOMMENDATION: � APPROVE DENY
VILLAGE ATTORNEY: APPROVED FOR LEGAL SUFFICIENCY
YES NO
NOT APPLICABLE (N/A)
RESOLUTION N�. 95-Q5/06
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
APPROPRIATTNG UNRESERVED FUND BALANCE IN GENERAL
FUND #001, INCREASING THE 2005/2006 POLICE PATROL
BUDGET, ACCOUNT # 001-175-522.102, `VOT PENSION
CONTRIBUTIONS', BY $26,430.00 AND AUTAORIZSNG TTiL
VILLAGE MANAGER TO PROCEED ON BEHALF OF THE
VILLAGE.
WSEREAS, Gabriel, Roeder, Smith & Company, Consultants &
Actuaries for the Village of Tequesta's Public Safety
Pension Trust informed the Village of Tequesta that the
required contribution for Police Officers had increased
3.95� (from 7.55$ to 11.50�), and;
�fiEREAS, the 3.95% difference amounts to $26,430.00, and;
WHEREAS, these funds were not budqeted, and;
WSEREAS, this will require appropriating $26,430.00 from
Fund Balance.
NOW, T�iBREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILI,AGE OF TEQUESTA, PAIM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1: A Resolution increasing the budgeted amount in
Aacount # 001-175-522.102, `VOT Pension Contributions' for
Budget Year 2005/2006 by $26,430.00, appropriating Etiund
Balance for that amount, and authorizing �he Village Manager
to proceed on behalf of the Village.
THE FOREGOING RESOLUTION WAS OFFERED by Council Member
, who moved its adoption. The motion
was seconded by Council Member , and upon
being put to a vote, the vote was as follows:
FOR ADOPTION AGAINST ADOPTION
The Mayor thereupon dec�ared the Resolution duly passed and
adopted this day of , A.D, 2006.
MAYOR OF TEQUESTA
Jim Humpage
ATTEST:
Gwen Carlisle
Village Clerk
Pension Amended
FYE 09/30/05 FYE 09/30/06 FY 2006 Pension Contribution FY 2006 Pension Increase/
Contribution Contribution Difference Contribution Budget Calculating Amount Contribution Budget Decrease
General Employees Pension
Manager 8.73% 8.06°/o -0.67% 8,100.00 92,790.00 7,480.00 (620.00)
Human Resources 8.73% 8.06% -0.67°/o 10,400.00 119,130.00 9,610.00 (790.00)
Village Clerk 8.73% 8.06% -0.67% 4,600.00 52,700.00 4,250.00 (350.00)
Finance 8.73% 8.06% -0.67% 19,700.00 225,660.00 18,190.00 (1,510.00)
Police-Admin 8.73% 8.06% -0.67% 3,600.00 41,240.00 3,330.00 (270.00)
Police-Communications 8.73°/o 8.06% -0.67% 13,400.00 153,500.00 12,380.00 (1,020.00)
Building & Zoning 8.73% 8.06% -0.67% 13,800.00 158,080.00 12,750.00 (1,050.00)
Code Compliance 8.73% 8.06°/o -0.67% 2,900.00 33,220.00 2,680.00 (220.00)
Public Works 8.73% 8.06% -0.67% 2,800.00 32,080.00 2,590.00 (210.00)
Recreation Programming 8.73% 8.06% -0.67% 7,800.00 89,350.00 7,210.00 (590.00)
Water-Administration 8.73% 8.06% -0.67% 7,900.00 90,500.00 7,300.00 (600.00)
Water-Pumping & Storage 8.73% 8.06% -0.67% 10,200.00 116,840.00 9,420.00 (780.00)
Water-Distribution 8.73% 8.06% -0.67% 8,900.00 101,950.00 8,220.00 (680.00)
Stormwater 8.73% 8.06% -0.67% 2,400.00 27,500.00 2,220.00 (180.00)
Total: 116,500.00 1,334,540.00 107,630.00 (8,870.00)
Public Safetv Pension
Fire Control 9.94% 9.65% -029% 91,300.00 918,520.00 88,640.00 (2,660.00)
Emergency Medical Services 9.94°/o 9.65% -029% 18,200.00 183,100.00 17,670.00 (530.00)
Police-Patrol 7.55% 11.50% 3.95% 50,500.00 668,880.00 76,930.00 26,430.00
Total: 160,000.00 1,770,500.00 183,240.00 23,240.00