HomeMy Public PortalAbout96-101A (07-12-96)CITY OF LYNWOOD
LOS ANGELES COUNTY, CALIFORNIA
RESOLUTION NO. 96 -101
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LYNWOOD AUTHORIZING THE RECOVERY AND
REIMBURSEMENT TO THE GENERAL FUND OF
ADMINISTRATIVE SUPPORT COSTS INCURRED IN
ADMINISTERING THE CITY'S RETIREMENT FUND
' 1 D URI- N G YEARS 1978 -1979 THROUGH
WHEREAS, Ordinance No. 1291, as adopted on May 19
1987, established a "Fee and Service Charge Revenue Cost
Comparison System" in accordance with which the City is '
authorized to recover costs, including general overhead costs and
departmental overhead costs, reasonably borne in providing
various services, including the administration of special
maintained by the City; and funds
WHEREAS
1993, established aR cost urecovery mechanismowhereby theyGeneral
Fund was authorized to charge the Retirement Fund a fee in the
amount of ten percent (10 %) for general overhead administrative
costs and five percent (5 %) for departmental overhead
administrative costs; and
contained inEREAS, notwith any provisions to the contrary
determined that prudent financial ,
mana gement C requires a the
recovery by the General Fund of costs reasonably and necessarily
incurred in the administration of the Retirement Fund during
fiscal years 1978 -1979 through 1 991 -1992, in the total amount
calculated by the City's Finance Department and set forth in
Table 3 to its Report dated June 28,
City Council; 1996, as submitted to the
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LYNWOOD
DOES RESOLVE AS FOLLOWS:
Section 1 . City staff is authorized and directed tc
take all necessary and appropriate action to ensure the recovery
by the General Fund from the Retirement Fund of all costs
reasonably and necessarily incurred in the administration of the
Retirement Fund during fiscal years 19 78 71979 through 1991 -1992
in the amount calculated by the City's Finance Department and set
forth in Table 3 to its Report dated June 28, 1996, as submitted
to the City Council.
Sect_ i_on ?,
Resolution To the extent that an
No. 93 -90, ly 20, as adopted on Ju 1993 are
pr of
inconsistent with the provisions of this resolution, they are
superseded by the provisions of this resolution.
Section 3. The cit y Clerk is
the passage and adoption of th`sresolutiondirected to certify to
July
PASSED, APPROVED AND ADOPTED this 12th day of
1996.
ATTEST:
4
Andrea L. Hooper, Citk Clerk
Paul H. Richards �- Mayor
APPROVED AS TO CONTENT:
Fau_s 'n G nz s
960711 L5383 -00001 SU 0592636 0
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood, do -
hereby certify that the foregoing resolution was passed and adopted
Lynwood at a regular m eetin g
by the City Council of the City of L y
held on the 12th day of July, 1996-
AYES: COUNCILMEMBER BYRD, HEINE, HENNING, REA, RICHARDS
NOES: NONE
ABSENT: NONE
City Clerk, City of Lynwood
STATE OF CALIFORNIA 4
COUNTY OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood, and
Clerk of the City Council of said City, do hereby certify that the
above and foregoing is a full, true and correct copy of Resolution
No. 96 -101 on file in my office and that said resolution was adopted
on the date and by the vote therein stated.
Dated this 12th day of July, 1996
City Clerk