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2001 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-19 Gen Fund GGA Amendment-Police Pension Funding 002A (1,050,107) <br /> GGA-19 Non Dept GGA Amendment-Police Pension Funding 009A (1,050,107) <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 /> NGA-22 <br /> Increase Gen Fund Contribution to Police Pension Fund 002-3111002000 1,050,107 <br /> Decrease Gen Fund Ending Fund Balance 009-5980000490 1,050,107 <br /> Department Code Rev Exp FB <br /> GGA-20 Gen Fund GGA Amendment-Fire Pension Funding 002A (317,090) <br /> GGA-20 Non Dept GGA Amendment-Fire Pension Funding 009A (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 /> NGA-23 <br /> Increase Fire Pension Fund Ending Fund Balance 002-3111002000 317,090 <br /> Increase Contribution From General Fund 009-5980000490 317,090 <br /> Tally 2001 11/19/01 4'1''J4.0/_ f . 10:47 AM <br />