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MEMO TO: MAYOR AND CITY COUN IL <br />FROM: CLERK-ADMINIST RAT <br />DATE: APRIL 16, '_986 <br />SUBJECT: FIRE DEPARTMENT CONTINGENCY FUND <br />Attached to this memorandum please find a memorandum from <br />Fire Chief Fagerstrom to the Administrative Officers of the <br />three cities requesting the remaining portion of the <br />Fire Department's Contingency Fund De p..id in order to meet <br />advance payment requirements for their insurance package as <br />well as assisting in making up the $22,991 excess cost over <br />budget. Tte City's portion of the remaining balance due on <br />the Contingency Fund would be $2,069. As the City will have <br />a budgetary surplus of $6,000 in the Fire Department Account <br />due to the change in the contract formula, funds are <br />available to pay for this unanticipated expense within the <br />confines of the 1986 budget. <br />RECOMMENDATION: Staft would recommend Council authorization <br />to pay the balance due on the Fire Department's Contingency <br />Fund in the amount of $2,069 out of the Fire Department's <br />19a6 budgetary account. <br />DFP/mjs <br />Attachment: <br />