HomeMy WebLinkAboutResolution 2012-032 approving expenditure authority transfer to wages and benefits line item (2)IVIARANA RESOLUTION No. 2012-32
RELATING TO ADMINISTRATION; APPROVING THE TRANSFER OF $65,768 IN
BUDGETED EXPENDITURE AUTHORITY FROM THE GENERAL FUND
CONTINGENCY LINE ITEM TO THE WAGES AND BENEFITS LINE ITEMS
WITHIN VARIOUS TOWN DEPARTMENTS
WHEREAS on June 21, 2011, the Town Council adopted the fiscal year
2011-2012 budgetary document and overall financial plan which set the legal level of
budgetary control at the department level for the General Fund and at the fund level for
all other funds; and
WHEREAS on May 7, 2012, House Bill (HB) 2264 was signed into law, which,
among other things, modified the required Arizona State Retirement System (ASRS)
contribution rates for employees and employers, retroactive to July 1, 2011; and
WHEREAS as a result of the enactment of HB 2264, Town employees
participating in ASRS contributed an excess amount of funds into ASRS during fiscal
year 2011-2012 and the Town is required to refund those excess retirement contributions
no later than September 30, 2012; and
WHEREAS the Council desires to refund the excess contributions back to
employees as soon as practical; and
WHEREAS refunding the excess contributions back to employees within fiscal
year 2011-2012 will not significantly impact the General Fund; and
WHEREAS reallocations of budgetary amounts between the contingency line
item in the General Fund to other line items are necessary from time to time; and
WHREAS the Council finds that the reallocations addressed by this resolution
are in the best interest of the Town of Marana and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE TOWN OF MARANA, ARIZONA, that the transfer of $65,768 from the
General Fund's budgeted contingency line item to the wages and benefits line items
within various Town departments, as set forth in Exhibit A, attached to and incorporated
by this reference in this resolution, is hereby approved.
Marana Resolution No. 2012-32 Page 1 of 2
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana,
Arizona, this 5th day of June, 2012.
ATTEST:
celyn C. ronson, Town Clerk
APPROVED AS TO FORM:
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Marana Resolution No. 2012-32 Page 2 of 2
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