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2001 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> NGA-22 Police Pension NGA Amendment-Police Pension Funding 637A 1,050,107 100,000 950,107 <br /> An actuarial study dated January 1,2001 indicated that medical expenses were growing at a rate significantly <br /> higher than prior studies. In order to meet the goal of fully funding the Police Pension fund by 2009 it is <br /> necessary to contribute an additional$510,196 to cover increasing medical costs. Also,Administration has <br /> determined it is in the City's best interest to pre-fund a portion of the 2002 contribution in 2001. This amounts <br /> to$539,911. The 2002 contribution has been reduced accordingly. <br /> GGA-19 <br /> Increase Police Pension Fund Medical Expenses 637-5380000250 100,000 <br /> Increase Police Pension Fund Ending Fund Balance 637-5990000490 950,107 <br /> Increase Contribution From General Fund 637-3111010000 1,050,107 <br /> Department Code Rev Exp FB <br /> NGA-23 Fire Pension NGA Amendment-Fire Pension Funding 638A 317,090 - 317,090 <br /> Administration has determined it is in the City's best interest to pre-fund a portion of the 2002 contribution in <br /> 2001. This amounts to$317,090. The 2002 contribution has been reduced accordingly. <br /> GGA-20 <br /> Increase Fire Pension Fund Ending Fund Balance 638-5990000490 317,090 <br /> Increase Contribution From General Fund 638-3111010000 317,090 <br /> Tally 2001.xls 11/20/01 rrI-v `i/ mair- 11 10:11 AM <br />