HomeMy WebLinkAboutMINUTES - 10011991 - 2.2 TO: BOARD OF SUPERVISORS `5_�'cL Contra
FROM: Phil Batchelor, County Administrator f Costa
9 � County
DATE: September 24, 1991
SUBJECT: RETIREMENT CONTRIBUTION AGREEMENT RELATED TO 1991-92
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 1991-92 .
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 SIGNATOR
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COM TTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED _ OTHER
VOTE OF SUPERVISORS
ZI 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 blo /, /!2
County Auditor-Controller PHIL BATCHELOR,CLERK OF THE BOARD OF
Treasurer-Tax Collector SUPERVISORS AND COUNTY ADMINISTRATOR
Retirement Administrator
BY �U� �/� DEPUTY
M382 (10/88)