HomeMy WebLinkAboutRes. 20-059Resolution 20-059
A Resolution Transferring Contingency Funds for Retirement Payout Funds
Whereas, the City of Brookings hereby transfers Retirement Payout Expense
contingency funds to meet retirement obligations of the municipality. This transfer
is for the purpose of completing a transfer of contingency funds to the following
accounts:
405 Finance
101-415-5-101-00 Regular Pay
431 Street
101-431-5-101-00 Regular Pay
Total Transfers
$ 21 ,549 .22
$ 10,598.56
$ 32,147.78
The Financing Source for this transfer is from the following account:
Retirement Payout Expense Contingency
Total Source of Funding
$32,147.78
$ 32,147.78
Whereas, this resolution is deemed necessary for the immediate preservation of
the public peace, health, safety and support of the City, and shall become
effective upon publication.
Dated this 14th day of July, 2020.
CITY OF BROOKINGS
Keith W. Corbett, Mayor