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299 <br /> August 19,1992 <br /> Moved by Councilman Moser, s`[ended by Councilman Diamond to 0declare Police Department boat surplus and authorize <br /> advertisement for a bid call with a minimum bid requirement of <br /> 200,000.. <br /> Roll w called with all uncilmen voting yes except <br /> Councilman Campbell who was excused. <br /> Notion"carried. <br /> BUDGET AMENDMENT-FIRE PENSION FUND 8 POLICE PENSION FUND <br /> Bill Cushman, Finance Director, reviewed the funding <br /> requirements for the Fire and Police Pension Funds. The <br /> additionalfunds.needed for 1992 medical and pension benefits <br /> will come from the reserves from each fund. He advised C dell <br /> that future funding additions wil 1,be necessary to maintain the <br /> integrity of the pension funds. <br /> Moved by Councilman Diamond, s onded by Councilman Overstreet <br /> to approve a transfer of $250,000 out of the fire pension <br /> accountreserve into the expense account to allow the continued <br /> payment olretirement and medical.cbeneflts-as r quuTed,by RCM <br /> 1.18 and RCM 01.26 and to approve a transfer ofhe funds into <br /> out <br /> of the police tension reserve low account and place the funds Snof <br /> the expense account to allow the continued payment of <br /> retirement and medical benefits as required by RCM 01.20 and <br /> RCM 01.26. <br /> Roll was called with all councilmen voting yes except <br /> Councilman Campbell who was excused. <br /> Motion carried. <br /> BUDGET AMENDMENT-SELF INSURANCE CLAIMS PROGRAM <br /> Moved by Councilman Anderson, seconded by Councilman Diamond to <br /> approve a budget amendment request to transfer$85,000 from the <br /> ending fund balance of Fund 601, Unemployment Compensation, to <br /> the Self Insurance Claims Program of Fund 601. <br /> Rall was called witM1all `cilmen acting yes except <br /> Councilman Campbell who was excused. <br /> Motion carried. rr <br /> A <br />