File #: R-2016-0269    Version: 1
Type: Resolution Status: Adopted
File created: 11/15/2016 In control: Administration and Finance Committee (INACTIVE)
On agenda: 11/15/2016 Final action: 11/15/2016
Title: Resolution authorizing the transfer of $75,000 from the Reserve Account for Liability Insurance to the Claims Account 100-8811-517.61-02.
Sponsors: Administration and Finance Committee (INACTIVE)
Attachments: 1. R-2016-0269 Signed

Title

Resolution authorizing the transfer of $75,000 from the Reserve Account for Liability Insurance to the Claims Account 100-8811-517.61-02.

 

Body

WHEREAS, the Common Council has authorized payments of various claims during budget year 2016 which exceed the amount allocated to the Claims Account in the General City Expense Department; and

 

WHEREAS, it is necessary to replenish said account to ensure the authorized claims payments are made as agreed to; and

 

WHEREAS, the City’s Reserve for Liability Insurance was established to provide funding for such occurrences; and

 

WHEREAS, the available balance in the Reserve for Liability Insurance Account is $1,000,000.

 

NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the appropriate City officials are authorized and directed to transfer $75,000 from the Reserve Account for Liability Insurance to the Claims Account 100-8811-517.61-02.

 

 

ADM\ORDRES\ADMR565