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. -sue: _ - •Q;C, 17`.4 - �-►, //t <br /> ID <br /> • <br /> CITY OF LOUISVILLE <br /> I .. - ..- `„ j" 4 Imo' <br /> C'�CY KALE ?a9 MAUI ON LDUaviu.R, COLORADO t' v <br /> n' s <br /> AleN! IMAM <br /> May 7, 1973 <br /> TO: HAI0R AND CITY COUNCIL <br /> FROM: LSOP A. BURL, CITY COUNCIL <br /> Reference Council's request to check on the status <br /> of the Firemens Pension Fund. <br /> If each of you rill refer to Schedule 6 of the Audit <br /> that we distributed to you, it rill show you the status <br /> of that account as of 12-31-72. It reflects that we had <br /> * surplus of revenue over expenditures last year in the <br /> amount of $453.51, and the fund balance is reflected on <br /> Schedule 13 Which depicts a balance of $11,915.86 as of <br /> 12-31-71 and we increased that by $453.51 in 1972 for a <br /> total of '12,369.37 as of 12-31-72. We anticipated in <br /> this year s budget revenues of $4,532.00 and expenditures <br /> of $4,030; so it appears that if everything copes in as <br /> the budget outlines we mould have a surplus again. <br /> Tic ' ,'.or pointed out his concerns about the fund <br /> and I cotcuv with him. I think we will be all right this <br /> year. but in the future it appears that mw nay have to <br /> supplement that figure sags. <br /> Also in Schedule 6, you rill note that the source of <br /> Revenue are $655.01 Interest on investments (CD's), $2.841.00 <br /> from the City's General Fund and the State gave us $1,165.00. <br /> TAW:as • <br />