HomeMy WebLinkAbout131-91 RESOLUTIONpel
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RESOLUTION NO. 131-91
A RESOLUTION APPROVING A BUDGET ADJUSTMENT TO
COVER AN INCREASE IN THE WORKERS' COMPENSATION
PREMIUM FOR 7/1/91 THROUGH 6/30/92.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: ,+That the Board of Directors hereby approve a
budget adjustment in the amount of $21,778.00 to cover an increase
in the workers' compensation premium for the policy year of 7/1/91
through 6/30/92. The;total premium'is.$242',643.00. A copy of the
budget adjustment 'authorized 'for execution hereby is attached
hereto marked Exhibit "A" and made a part hereof.
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PASSED AND 'APPROVED this 16thday of «July , 1991.
ATTEST:
r
By:
City
r i er
err.:.
•
erk:r
APPROVED:
By:
Mayor �'?:
ATTACHMENT FOR WORKERS' COMPENSATION INSURANCE BUDGET ADJUSTMENT
ACCOUNT TITLE TO INCREASE
General Fund- Workers' Compensation Insurance
Water and Sewer Fund- Meter Program
Workers' Compensation Insurance
Public Works Director- Workers' Compensation
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Insurance
City Shop- Workers' Compensation Insurance
ACCOUNT NUMBER TO INCREASE
101-121-5-111.00
540-181-5-111.00
971-244-5-111.00
972-972-5-111.00
TOTAL AMOUNT
ACCOUNT TITLE TO DECREASE
General Fund- Unreserved Fund Balance
Water and Sewer Fund- Sewer Camera Maintenance
Management Fund- Public Works Director- Salaries
City Maintenance Fund- General Pension
ACCOUNT NUMBER TO DECREASE
101-O00-1-800.99
540-401-5-401.05
971-244-5-100.00
972-972-5-109.01
TOTAL AMOUNT
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$13,140
460
1,425
6,752
$21,778
& Wages
$13,140
460
1,425
6,752
$21,778
ADJUSTMENT #
CITY OF FAYETTEVILLE, ARKANSAS
IN -YEAR BUDGET_ ADJUSTMENT
BUDGET YEAR DEPT:Admin. Svcs. DATE REQUESTED INCREASE
1991 DIV :Personnel
PROG:Administration 7-16-91 ACCOUNT TITLE
AR budget
djuFstm n adjustment
the amount of $21,778 to
cover an increase in workers' comp premium for
the policy year 7-1-91 through 6-30-92.
See attached schedule
ACCOUNT NUMBER
See Attached schedule
JUSTIFICATION OF THIS INCREASE
Premium now due is $242,643. The budgeted amoun AMOUNT
was $220, 865. The shortfall is due to two
factors (1) An unforseen manual rate increase $21,778
3-1-91 (2) An increase in the loss ratio which
triggered a reduction in credits.
PROJECT OR ITEM DELETED:
NONE
JUSTIFICATION OF THIS DECREASE
Sufficient funds exist in all decreased accounts to meet
remaining 1991 expenses.
REQUESTED BY: r
DATE
/9- 9/
DECREASE
ACCOUNT TITLE
See attached schedule
ACCOUNT NUMBER
See attached schedule
AMOUNT
$21,778
BUDGET OFFICE USE ONLY
DATE OF APPROVAL
By Date
ORDI
BUDG T ;• Entered
O44 7/
D PARENT DIRECTOR:
ADMIN. SERVICES DIR:
I,YYV rlrW
CITY MANAGER
(0 -2Q -Di -770 /i
Posted
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Type: A B C D , E
Total program adjustments to date: