HomeMy WebLinkAboutCC-07-19-99-01 Med Escrow FndResolution No. CC-07~19-99-01
A RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA APPROVING THE TRANSFER OF FUNDS
FROM VARIOUS DEPARTMENTS TO THE MEDICAL ESCROW FUND
WHEREAS, Ordinance D-1048 passed by the Common Council of the City of Carmel, Indiana,
on February 21, 1994, established the City of Carmel Medical Escrow Fund, to be used to accumulate
employee and employer premium payments, and to pay benefits and administrative costs in connection
with medical benefits program provided to qualified employees of the City of Carmel and the Carmel
Clay Parks; and
WHEREAS, the initial deposit of $100,000 must occasionally be supplemented depending upon
the claims presented for payment on behalf of the employees; and
WHEREAS, an amount of $100,000 is currently needed to cover the aforementioned claims in
the Medical Escrow Fund; and
WHEREAS, the Department of Administration, Police Department, Fire Department and
Communications Center have excess funds to transfer to Medical Escrow Fund #301:
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Indiana, that the following departments be authorized to transfer from their respective Health Insurance,
Line Item #220, in amounts listed below, to the Medical Escrow Fund #301:
Police Department
Fire Department
Communications Center
Department of Administration
$37,582
44,922
8,597
8,899
PASSED by the Common Council of the City of Carmel, Indiana, this
1999, by a vote of "'/ ayes and ¢ nays.
day of ~U &
Presiding Officer
Diana L. Cordray, IAMC, Ci~~reasurer
Presented by to the Mayor of the City of Carmel, Indiana, on t e//q day of _Jet ~/~f
me ~ ,1999.
D'ana L Cordra~~:2~ Treasurer
me, this~~a,y of V/u~ ~/~
Approved by Mayor of the City of Carmel, Indiana, ,1 9.
J inard Mayor
ATTEST'
"~AMC, CI~~-
Diana L. Cor&ay, I , - eas~er