HomeMy WebLinkAboutDocumentation_Regular_Tab 11_09/07/2005 RESOLUTION NO. 9�-04/05
A RE$OLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
�F TEQUESTA, PALM BEACH COUNTY, FLORI�A,
APPROPRIATING UNRESERVED FUND BALANCE IN GENERAL
F'�JND #001, INCREASING THE 2004/2005 GENERAL F'UND
BUDGLT $19,494, INCREASING THE BIJDGETED AMVONTS IN
ACCOUNT(S) "VOT PENSION CONTR�BUTIONS" BY $19,494
AND AUTHORIZING THE VILZ�AGE MANAGER TO PROCEED ON
BEHALF OF TEE VILLAGE.
WHEREAB, Gabriel, Roeder, Smith & Company,
Consultants & Actuaries for the Village of Tequesta
General Employees Pension Trust have determined
that actual contributions to the Village of
Tequesta`s General Employees Pension Trust Fund for
fiscal year ending 9/30/2004 were less then the
required amount and,
WHEREAS, The amount of the increase for the
required contribution is $19,494 which includes
interest from October 1, 20(}4 through September
2005,
NOW, THEREFORE, BE IT RESOLVED HY THE VILLAGE COUNCZL
OF THE VILLAGE OF TEQUESTA, PAIM BEACH COUNTY, FIARIDA,
AS FOLIAWS :
SECTION l: A Resolution appropriatinq $19,438.06 of
Unreserved Fund Balance in the General Fund #001, to
increase the 2004/2005 General Fund Budget and to
increase the amount coritributed to the General Employee
Pension Trust by that amount and to authorize the
Village Manager to proceed on behalf of the Village.
TIiE FOREGOING RESOLUTION WAS OFFERED by Councilmember
, who moved its adoption. The
motion was seconded by Councilmember
, and upon being put to a vote, the
vote was as follows:
FOR ADOPTION AGAINST ADOPTION
The Mayor thereupon declared the Resolution duly passed
and adopted this 7 th day of September, A.D, 2005.
MAYOR OF TEQtIESTA
Jim Humpage
ATTEST:
Gwen Carlisle
Village Clerk
' . a.,,� 10 :17 FA% l�j 002
�
GABRIEL„ R4EDER, SMiTH & CtiMPANY
COttSU�d�S SY ACtLldrltlS
301 East L.as Olas 6Nd. ■ 5uite 2QQ � Ft. L2Ud8rddle, FL 33301-?1?54 � 954-527-1816 + FAX 954-525-pp83
Rugust 29, 2005
Ms. Jody Forsythe
Finance birector
Vil�age af Tequesta
25Q �'equesta Driv�� Suite 30�1
Tequest�a, Florida 33469-02�3
Re: General Employees Pension Trust Fund
Dear Jady:
As you requested, we hav� calculated ti�e tai�al required contribution with interest fpr the Generai
Emgloyees Pensi�n Trust �und. Actua! corltributions were $7�4,91Q, which is less thetl the
required �mount by $18,108. With inter�est to September 15, �Oo5, the paym�nt for the 9/3Q/04
fisql year au�lined abave becomes $79,484.
if there are any quEStions or r,omments, please let us know.
Sinc:ere y yours,
�
Rion M. Broshears
�alyst