Title
Authorizing transfer of funds in the amount of $5,000 from Continuing Education Account #01-620-1205 to Retiree Awards Account #01-620-1230
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Authorizes transferring funds in the amount of $5,000 from Continuing Education Account #01-620-1205 to Retiree Awards Account #01-620-1230
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
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 desire to transfer surplus funds from one account to another account to fund future retirement planning for next year's anticipated, increased number of retirement events.
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 $5,000 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.