CITY OF SALEM
RESOLUTION NO. 990505 - 34 INTRODUCED BY: MRS. COPE
First Reading _______________
Second Reading _______________
Third Reading _______________
BEING AN ORDINANCE AUTHORIZING VARIOUS TRANSFERS AND APPROPRIATIONS AS SET FORTH BELOW, AND DECLARING AN EMERGENCY.
NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF SALEM, STATE OF OHIO:
SECTION 1:
That the sum of $26,151.00 be, and it hereby is appropriated within the Police Pension Fund as follows:
$26,151.00 to Police Pension Accrued Liability, #201-7110-5-1412
SECTION 2:
That the sum of $34,133.00 be, and it hereby is appropriated within the Fire Pension Fund as follows:
$34,133.00 to Fire Pension Accrued Liability, #202-7125-5-1410
SECTION 3:
That the sum of $26,500.00 be, and it hereby is appropriated within the General Fund as follows:
$26,500.00 to Transfer to Police Pension, #110-7728-5-7122
SECTION 4:
That the sum of $34,500.00 be, and it hereby is appropriated within the General Fund as follows:
$34,500.00 to Transfer to Fire Pension, #110-7728-5-7124
SECTION 5:
This Council finds and determines that all formal actions of this Council concerning and relating to the adoption of this ordinance or resolution were adopted in an open meeting of this Council and that all deliberations of this Council and of any of its committees that resulted in those formal actions were in meetings open to the public in compliance with the law.
SECTION 6:
That this ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety in the City of Salem, and shall go into immediate effect for the reason that the transfer and/or appropriation of said funds are immediately needed for current expenses.