Title
RESOLUTION TO AUTHORIZE TRANSFER OF FUNDS FOR TUITION EDUCATION REIMBURSEMENT PROGRAM
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
RESOLUTION TO AUTHORIZE TRANSFER OF FUNDS FOR TUITION EDUCATION REIMBURSEMENT PROGRAM IN THE AMOUNT OF $18,000. THERE IS A SURPLUS OF FUNDS IN THE DEPARTMENTAL RETIREMENT EXPENSE ACCOUNTS TO COVER THIS AND NO NEW ALLOCATION OF FUNDS IS NECESSARY. THIS IS A TRANSFER OF FUNDS ONLY.
SOURCE OF FUNDING:
Please provide the amount requested: _$18,000___________
Is this a budgeted item? Yes
Please provide the budgeted amount: $18,000 Account No. 01-6xx-1050 (see below)
If budgeted, is this a capital purchase, capital project, or special fund? n/a
Was this item included in the Fiscal Year Capital Projects Plan? n/a
If yes, please provide the amount included in Capital Projects Plan: $ n/a
Body
WHEREAS, there is an increasing number of City employees using the City’s Educational Assistance/Tuition Reimbursement program and there is a need for additional funds in that account, and
WHEREAS, the City’s required RSA contribution rate is not as high as originally anticipated and there are surplus funds available in the retirement expense account(s) within departmental budgets.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Authorizes transferring $18,000 from departmental accounts #01-6xx-1050 (Retirement Expense) to Account #01-620-1205 (Employee Continuing Education) as follows:
Dept transferring from (01-6xx-1050) Amount to transfer to 01-620-1205
Public Works $ 115.97
Streets $ 1,178.35
Police $ 7,125.69
Fire $ 1,678.19
Sanitation $ 1,082.77
Parks $ 923.23
Library $ 786.92
CDD $ 763.01
Municipal Complex $ 410.27
Municipal Court $ 328.45
Senior Center $ 253.48
General Gov't $ 1,775.97
Maintenance $ 277.14
Recreation $ 471.06
Depot $ 51.6...
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