HomeMy WebLinkAboutMINUTES - 08111992 - 1.116 TO: BOARD OF SUPERVISORS
Contra
FROM: Phil Batchelor, County Administrator Costa
County
DATE: August 11, 1992
ST'S COUN'�
SUBJECT: RETIREMENT CONTRIBUTION AGREEMENT RELATED TO 1992-93
BORROWING PROGRAM
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Approve the attached agreement between the County and the Retirement
Board, which accomplishes a payment of the County's retirement
contribution for 1992-93.
FINANCIAL IMPACT:
The money to be paid is part of the County's yearly Borrowing Program.
Interest earnings will occur on the funds, resulting, in effect, in a
reduction in the total retirement contribution made by the County.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON 77 727 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: County Administrator ATTESTED
County Auditor-Controller PHIL BATCHEL R,CLERK OF THE BOARD OF
Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
Retirement Administrator 1
M382 (10/88) BY G�/ DEPUTY