HomeMy WebLinkAboutR-95-10 RESOLUTION NO. R-95-10
A RESOLUTION OF THE CITY OF SEBASTI]~N, INDIAN RIVER
COUNTY, FLORIDA, AMENDING THE ANNUAL BUDGET OF THE CITY
OF SEBASTIAN, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1994, AND ENDING SEPTEMBER 30, 1995~
AUTHORIZING THE TRANSFER OF FUNDS FROM GENERAL RESERVES
NON-DEPARTMENTAL TO POLICE DEPARTMENT CHAPTER 185
RETIREMENT FUND~ PROVIDING FOR REPEAL OF RESOLUTIONS OR
PARTS OF RESOLUTIONS IN CONFLICT HEREWITH; PROVIDING
FOR SEVER~BILITY~ AND PROVIDING FOR AN EFFECTIVE D~TE.
WHEREAS, the City Council of the City of Sebastian approved
the annual budget for the City of Sebastian for the period
beginning October 1, 1994, and ending September 30, 1995 by
adoption of Resolution No. R-94-45 on September 21, 1994; and
WHERE~S, the State of Florida Department of Management
Services has determined that the city of Sebastian did not
transfer sufficient funds during the previous fiscal year to
satisfy the actuarial requirements; and
WHEREAS, the City of Sebastian has the legal obligation to
assure compliance with the annual fiscal requirements for funding
the Police Retirement System.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEBASTIAN, FLORIDa, as follows=
SECTION 1. TRANSFER OF FUNDS. The City Manager is hereby
authorized and directed to amend the budget for fiscal year 1994-
1995 by transferring the sum of $23,988.96 from General Reserves
Non-Departmental account 001-30-590-999 to the Police Department
Chapter 185 Retirement account 001-15-521-221 for subsequent
payment to the Police Retirement System Trust Fund.
SECTION 2. CONFLICT. Ail resolutions or parts of
resolutions in conflict herewith are hereby repealed.
SECTION 3. SEVERABILITY. In the event a court of competent
jurisdiction shall hold or determine that any part of this
Resolution is invalid or unconstitutional, the remainder of the
Resolution shall not be affected and it shall be presumed that
the city Council of the City of Sebastian did not intend to enact
such invalid or unconstitutional provision. It shall further be
assumed that the City Council would have enacted the remainder of
this Resolution without such invalid and unconstitutional
provision, thereby causing said remainder to remain in full force
and effect.
SECTION 4. EFFECTIVE DATE. This Resolution shall take
effect immediately upon its adoption.
The foregoing Resolution
Councilmember
by Councilmember
was
vote, the vote was as follows:
moved for adoption by
The motion was seconded
and, upon being put into a
Mayor Arthur L. Firtion
Vice Mayor Carolyn Corum
Councilmember Norma Damp
Councilmember Robert Freeland
Councilmember Frank Oberbeck
2
adopted this
The Mayor thereupon declared this Resolution duly passed and
~~ day of F~z~,~/ , 1995.
CITY OF SEBASTIAN, FLORIDA
Mayor
ATTEST:
K~h~y~ M. O'H~lloran, CMC/AAE
city Clerk
(.SEAL)
.Approved as to'Form and Content:
Clift°n A. ' ' .'
city Attorney