Number
020067
Version
Substitution I
Reference
...Sponsor
ALD. MURPHY
Title
Substitute resolution related to the deposit of $1.0 million in the Employer's Reserve Fund by the City to the Employes Retirement System.
Body
Whereas, The 2002 adopted city budget contained funding for the Employers Reserve Fund in the Employes' Retirement System; and
Whereas, These funds are currently deposited in the City's general fund Employer's Reserve Fund account; and
Whereas, These funds need to be formally appropriated for deposit in the City's account, Employer's Reserve Fund, in the Employes' Retirement System; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the sum of $1.0 million be appropriated from the City's general fund account Employer's Reserve Fund (0001-9990-R460-006100) and deposited to the city's account, Employers Reserve Fund, in the Employes' Retirement System.
Drafter
Budget and Management Division
Ref: 02037; KMO
May 1,2002
020067res.doc