Title
Authorizing Transfer of Funds to Retiree Awards Account to Fund an Upcoming Retirement
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Authorizing Transfer of Funds from Continuing Education Account in the Amount of $2,000 to Retiree Awards Account to Fund an Upcoming Retirement
SOURCE OF FUNDING:
Please provide the amount requested: Transfer of Funds from Continuing Education Account #01-620-1205 to Retiree Awards Account #01-620-1230
Is this a budgeted item? Yes
Please provide the budgeted amount: Transfer of Funds from Continuing Education Account #01-620-1205 to Retiree Awards Account #01-620-1230
If budgeted, is this a capital purchase, capital project, or special fund? NO
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, There is a need to transfer surplus funds from one account to another account to fund an upcoming employee retirement.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes transferring funds in the amount of $2,000 from Continuing Education Account #01-620-1205 to Retiree Awards Account #01-620-1230.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.