HomeMy WebLinkAboutDocumentation_Regular_Tab 09_08/11/2005 RESOLUTION NO. 86-04/05 �
A RE50LUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
APPROPRIATING UNRESERVED FUND BALANCE IN GENERAL
FtJND #001, INCREASING THE 2004/2005 GENERAL FUND
BUDGET $19,438.06, INCREASING THL BUDGETED AMOUNTS
TN ACCOUNT(S) "VOT PENSION CONTRISUTIONS" BY
$14,313.8�4 EOR FIREFIGHTERS AND $4.999.95 FOR
POLICL OFFICERS A1�TD AUTBORIZING THE VILLAGE MANAGER
TO PROCEED ON BEHALF OF THE V'TLLAGE.
WSEREAS, The State of Florida, Department of
Management Services requires the Village of
Tequesta to make an additional. contribution to the
Villaqe of Tequesta Public Safety PensiQn Trust
and,
'WHEREAS, Gabriel, Roeder, Smith & Company,
Consultants & Actuaries for the Village of Tequesta
Public Safety Pension Trust agree with the State's
requirement for an additional contribution to fund
the Pension Trust and,
WAEREAS, The amount of the increase for the
required contribution is $14,313.84 for
Firefiqhters, 54,999,95 for Police ��ficers for a
total contribution of $19,438.06 and
NOW, THEREF4RE, BE IT RESOLVED BY THE VILLAGE COUNCIL
OF THE VILI�AGL OF TEQUESTA, PAIM BLACH COUNTY, F'LORIDA,
;"
AS FOLLOWS:
SECTION 1: A Resolution appropriating $19,438.06 of
Unreserved F'und Balance in the General �'und #001, to
increase the 2004/2005 General Fund Budget and to
increase the amount contributed to the Public Safety
Pension Trust by that amount and to authorize the
Village Manager �o proceed on behalf of the Village.
THL FOREGOING RESOLUTI4N WA3 OFFERED by Cquncilmember
, who moved its adoption. The
motion was seconded by Councilmember
, and upon being put to a vote, the
�ote was as follows:
FOR ADOPTION AGAINST ADOPTION
The Mayor thereupon declared the Resolution duly passed
and adopted this day of , A.D, 2005.
MAYOR OF TEQUESTA
Jim Humpage
ATTEST:
Gwen Carlisle
Village Clerk
08/01/05 13:30 FA% l� 002
GAgR1�4. ROEDER. SMITH & COIII�P,ANY
�ansultar�s & Actua�ies
3�1 �a6t las G]k�s 6lvd. � Suite �04 • Ft. Lauderdafe, FL 33301-2254 • 954-52F-76t6 + FAX 954-525-OOg3
August 1, 2005
Ms. Jody Forsythe
Fnance Director
Village of Te�uest� '
�50 Tequesta qrive Suite 3Q0
7equesta, Flarida 33469-D27.3
Re: Public S2�f�ty QffiGerS Pension Trust Fund
Dear Jo�dy:
Per Qur recer�t conversation, we agre� with th� State reqr�iremerrt of � pay�ment fvr the Fisca!
Ye�r ending 9/30lQ4. Tt�e total r�quired c�nfribution for the year is $120,097. �1Ctual
contribufiion$ w�r� $1Q7,9�Y which is less #hen the required amount by $18,114. Therefore, this
amaurrt is due in add�ion 11� the required co�rtributian for the Fscaf Year �nding 8/30/05 of
$127,967. Wit�t interesE to Septem�er 1, 2005, �n� p�yrnent for the 9/3pl04 fiscai year vu#lined
abave becomes $19,438.US. This �maunt is th� paym�nt with interes� for Firefighters of
� $14,405.94 and Police qfficer� of $5,d3�.12.
lf there �re any questic�ns or rpmrnents; please Eet us know.
Sincerely yours, . .
S
Rion M. Broshears
An�fyst