2007-102 Police & Fire Pension Plan PaymentRESOLUTION 2007-102
•
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE
PAYMENT OF $59,491.69 TO THE VILLAGE POLICE AND FIRE PENSION
PLAN TO FUND THE VILLAGE'S REQUIRED CONTRIBUTION FOR THE
2006-07 FISCAL YEAR; PROVIDING FOR CONFLICTS; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, during the fiscal year ending September 30, 2007 (2006-07 Fiscal Year), the
Village only funded $480,159.31 of the $539,651.00 required employer contribution to the
Village ofNorth Palm Police and Fire Pension Plan; and
WHEREAS, the Police and Fire Department personnel lines contain sufficient monies to fund
the Village's obligation to the Police and Fire Pension Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA, as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
• Section 2. The Village Council of the Village ofNorth Palm Beach, Florida, hereby pays to
the Village of North Palm Beach Police and Fire Pension Plan the sum of $59,491.69 for the
2006-07 Fiscal Yeaz, payable from the following accounts:
A5 71 1-1 2220 (Police Department-Police & Fire Pension) $ 32,587.67
A5812-12220 (Fire Department-Police & Fire Pension) $ 26,907.02
$ 59,491.69
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to
the extent of such conflict.
Section 4. This resolution shall take effect retroactive to September 30, 2007.
PASSED AND ADOPTED THIS 7th DAY OF NOVEMBER. 2007.
(Village•Sea1) /a~~ ~
~i,,i~>;~ YOR
ATTEST: ••'
• ,,.,. -~
VILLAGE CLERK