Minutes 03/28/1978 - Laserfiche WebLink

Home Browse Search

387 Ma!rch 28, 1978 The following reperts from the City Manager were presented: 78-99 '~'Consideration of an ordinance on first reading to appropriate $8,243 in the Grants Fund for the Anti-litter Program for the City of PortsmOuth. The Department of Conservation and Economic Development, Division of Litter Control, has approved a grant for the City of Portsmouth in the amount of $8,243. This program has been approved as part of the City's Anti'litter Program and will be utilized by the Clean Communi- ties 6ommission for developing criteria for the control of litter. The details of the opera- tion of the program is attached for xour information. The City Manager recommends adoption on first reading." On motion of Mr; Barnes and seconded by Mr. Elliott, the following ordinance was approved on first reading, and by unanimous vote: "AN ORDINANCE TO APPROPRIATE $8,243 FROM THE GRANTS FUND FOR THE ANTI-LITTER PROGRAM OF THE CITY OF PORTSMOUTH." 78-100 "Consideration of an ordinance on first reading to appropriate $543,535 from the General Fund for the Continuation of the Concentrated Employment and Training Act (CETA) Program for the remainder of this fiscal year. This appropriation will provide the necessary funds for the CETA Program to continue at its present level through June 30, 1978. Included in the 1977-78 Operating Budget for Title II and Title VI funding is $1,120,000, which will be an insufficient appropriation due to the acceleration and reallocation of CETA funds. CETA expenditures are reimbursed 100% by the Federal Government. A report on the CETA Program is submitted to the City Council on a quarterly basis and the 3rd quarter report will be ~urnished at the first meeting in April. The City Manager recommends adoption on first reading." On motion of Mt. Barnes and seconded by Mr. Elliott, the following ordinance was approved on first reading, and by unanimous vote: "AN ORDINANCE TO APPROPRIATE $543,535 FROM THE GENERAL FUND FOR THE CONTINUATION OF THE COMPRESHENSIVE EMPLOYMENT AND TRAINING ACT (CETA) FOR THE REMAINDER OF THE FISCAL YEAR 1977-78." 78-101 "Consideration of an ordinance amending Section 31-49 and 31-135 of the City Code pertaining to employer contributions to the retirement systems. Under the provisions of the current City Code, funding of the retirement systems is com- prised of a normal contribution rate and an accrued liability contribution rate. This latter rate is derived by amortizing the unfunded accrued liability over a 40 year period. Under this method post retirement adjustments are added to the unfunded accrued liabitS~y and'are also amortized over a 40 year period, which is substantially longer than the period o~i~fi~e during which the benefits are actually paid. This amendment would provide for pay-as-you go funding for post retirement adjustments by establishing a supplementary contribution rate. The effect of this amendment is to more economically fund the retirement system. A letter is attached, with enclosures, which gives a detailed explanation of this amendment. The City Manager recommends adoption." On motion of Mr. Barnes and seconded by Mr. Early, the following ordinance was adopted on first a~d f~i~al reading;~ and. by the following vote: "AN ORDINANCE TO AMEND'THE CODE OF TH~ CITY OF PORTSMOUTH, VIRGINIA, t973, BY AMENDISG SECTIONS 31-49 AND 31-135, THEREOF, PERTAINING TO CONTRIBUTIONS TO THE SUPPLEMENTAL RETIREMENT STYSTEM AND THE FIRE AND POLICE RETIREMENT SYSTEM BY THE EMPLOYER." Ayes: Barnes, Early, Elliott, Holley, Oast, Wentz Nays: None ~ Fund 78-102 - "Consideration of a motion to transfer $168,000 from the Emergency Contingency to the following accounts: $160,000--General Fund - Employee Benefits, Retirement $ 8,000 -City Garage Fund - Employee Benefits, Retirement The City Manager recommends adoption." Motion of Mr. Barnes and seconded by Mr. Early, to concur in the recommendation of the City Manager to transfer $168,000 as requested, was adopted by unanimous vote. 78-103 "Consideration of an ordinance to appropriate $8,000 from the City Garage Fund fo~:the~supplementary contribution required on the current post retirement adjustments for the retired employees of the City Garage. The purpose of this ordinance is to appropriate the $8,000 from the Garage Fund that was transferred from the General Fund in the previous motion. Ail other funds in the City would have sufficien~.comtingencies-~to cover thief contribution, since the City Garage is a revolvin account, there are no contingencies shown in their line item budget. This appropriation will fund the post retirement adjustments made for their employees. The City Manager recommends adoption on first reading."