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City of Roseville — 2012 Budget <br />Department /Program: Fire Relief Association <br />Organizational Responsibility: City Council &Finance Director <br />Department Description <br />The Roseville Fire Relief Association provides for the oversight of the retirement plan available to <br />Roseville paid -on -call firefighters. The retirement plan is separate from the City's pension plan. The <br />City makes an annual contribution to the Association's pension fund. The Program's activities are <br />accounted for in the General Fund. <br />2012 Goals and Objectives <br />• Maintain adequate pension funding in accordance with the most recent actuarial study. <br />Financial Summary <br />2008 2009 2010 2011 2012 $ Increase % Increase <br />Actual Actual Actual Budget Budget Decrease Decrease <br />Personal Services $ - $ - $ - $ - $ - $ - 0.0% <br />Supplies & Materials - - - - - - 0.0% <br />Other Services & Charges 3011000 2091228 3651502 3551000 2551000 (100,000) -28.2% <br />Capital Outlay - - - - - - 0.0% <br />Total $ 3011000 $ 2091228 $ 3651502 <br />FTE's - - - <br />$ 3551000 $ 2551000 # # # # # # ## -28.2% <br />2012 Budget Impact Items <br />• Decrease is due to improved investment portfolio returns requiring a smaller contribution <br />necessary to pay the City's share of the Association's Pension unfunded liability. <br />2010/2011 Achievements <br />• Full actuarial funding of pension requirements. <br />32 <br />