City of Fort Bragg - File #: 19-525

• File #: 19-525
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 12/2/2019
• In control: City Council
• On agenda: 12/9/2019
• Final action: 12/9/2019
• Title: Adopt Resolution of the Fort Bragg City Council Amending the FY 2019-20 Budget (Amendment No. 2020-06) Approving the Use of $91,000.00 of General Fund Fund Balance to Make a Prepayment to CalPERS Against the City’s Unfunded Pension Liability ( Account 110-0000-0220)
• Indexes: Shared - Citywide

Date	Ver.	Action By	Action	Result
12/9/2019	1	City Council	adopted	Pass

Title

Adopt Resolution of the Fort Bragg City Council Amending the FY 2019-20 Budget (Amendment No. 2020-06) Approving the Use of $91,000.00 of General Fund Fund Balance to Make a Prepayment to CalPERS Against the City’s Unfunded Pension Liability ( Account 110-0000-0220)

Summary
Per Fiscal Policy 9G, the City proposes making a prepayment against our pension unfunded liability in the amount of $91,000. A budget amendment is required to do so.