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Annual_Budget_1990_001
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Annual_Budget_1990_001
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FUND <br />General <br />OBJ-DESCRIPTION <br />PERSONAL SERVICES TOTAL <br />SUPPLIES TOTAL <br />MISC. SERVS. & CHGS. TOTAL <br />CAPITAL OUTLAY TOTAL <br />TOTAL <br />Program: <br />Fire Relief. <br />ANNUAL BUDGET <br />DEPARTMENT <br />Fire Relief <br />EXPENDITURES <br />1988 1989 <br />ACTUAL BUDGET <br />0 22,715 <br />0 22,715 <br />ACCT. NO. <br />10-29 <br />1990 1990 <br />RECMD ADOPTED <br />8,896 8,896 <br />8,896 8,896 <br />Goal Statement: <br />The Fire Relief Association manages the pension fund of the <br />Volunteer Fire Fighters, to ensure sufficient funding for <br />pensions for all current and future retirees. <br />Expenditure Comments: <br />1. Although the revenues from the Relief Association's 2 percent <br />share of fire insurance premiums and the interest on the <br />pension fund investments are sufficient to enable full <br />funding of increased benefit levels over a period of time, <br />the Relief Association has requested that the City contribute <br />tax dollars to enable full funding of the most recent benefit <br />increase within a shorter time period versus relying on fire <br />insurance premium revenue and interest income. <br />The City provided a significant contribution in 1989. It is <br />proposed that the City again provide a contribution at the <br />level requested by the Fire Department. <br />r,� <br />
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