FY2014 Recommended Budget - City of Surprise

Fire Department
Firefighter’s Pension Fund
Description
The firefighter’s pension fund was established to temporarily hold or collect resources on behalf of a third
party (firefighters). However, the city no longer has volunteer firefighters. Per Arizona Revised Statutes §
9-981, the city may use the monies in the firefighter pension fund to pay alternative pension and benefits
to firefighters not covered by Arizona State Retirement System (ASRS) or Public Safety Personnel
Retirement System (PSPRS). Employees who are not eligible for ASRS, PSPRS, and are not
participating in the PSPRS Drop program are eligible for an alternative pension benefit contribution.
Accordingly, the city passed Resolution 09-87 in order to expend the remainder of the fund with
alternative pension benefit contributions.
Major Budget Changes
The firefighter’s pension fund has been programmed with estimated expenditures in the fire department
for alternative pension contributions. Remaining fund balance has been programmed in contingency.
Revenues for this fund are comprised of a beginning fund balance and investment earnings.
FY2011 FY2012 FY2013 FY2014 Amended to
Expenditures
By category
Actual Actual Amended Budget Budget
Personnel 0 0 0 18,000 0%
Contingency 0 0 100,900 7,600 -92%
Total
By department
0 0 100,900 25,600 -75%
General Operations 0 0 100,900 7,600 -92%
Fire-Emergency Services 0 0 0 18,000 0%
Total 0 0 100,900 25,600 -75%
Revenues
By fund source
Charges for Svcs/Oth 786 763 600 100 -83%
Fund Balance 0 43,200 0 25,500 0%
Total 786 43,963 600 25,600 4167%
Personnel Summary
There are no dedicated personnel assigned to this fund.
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