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Legislation #: 090923 Introduction Date: 10/29/2009
Type: Ordinance Effective Date: 11/29/2009
Sponsor: None
Title: Reducing appropriations in the Workers Compensation Fund in the amount of $350,000.00 and transferring it to the Property Insurance Fund.

Legislation History
DateMinutesDescription
10/27/2009 Filed by the Clerk's office
10/29/2009 Referred to Finance and Audit Committee
11/4/2009 Do Pass
11/5/2009 Add to Consent Docket
11/19/2009 Passed

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090923.pdf Authenticated 71K AUTHENTICATED
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090923 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=090923
Property Insurance Fiscal Note.xls Fiscal Note 32K Fiscal Note
Property Insurance Fact Sheet.xls Fact Sheet 35K Fact Sheet

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ORDINANCE NO. 090923

 

Reducing appropriations in the Workers Compensation Fund in the amount of $350,000.00 and transferring it to the Property Insurance Fund.

 

WHEREAS, a projected surplus in Workers Compensation claims for FY 2009-10 will result in at least $350,000.00 of savings this fiscal year; and

 

WHEREAS, an additional one-time appropriation is necessary to catch the City up on property insurance payments so that they are fully paid within the current fiscal year and future allocations occur in the appropriate year; NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the appropriation in the following account of the Workers Compensation Fund is hereby reduced by the following amount: 

10-1011-071402-B Workers Compensation Claims $350,000.00

Section 2. That the sum of $350,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Workers Compensation Fund to the following account of the Workers Compensation Fund:

10-1011-129998-901012 Transfer to Insurance premium Reserve $350,000.00

Fund

 

Section 3. That the revenue in the following account in the Insurance Premium Reserve Fund is hereby estimated in the following additional amount:

 

10-1012-120000-501011 Transfer From Workers Compensation $350,000.00

Section 4. That the sum of $350,000.00 is hereby appropriated from the Unappropriated Fund Balance of the Insurance Premium Reserve Fund to the following account in the Insurance Premium Reserve Fund:

10-1012-071403-B Property Insurance $350,000.00

_____________________________________________


I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

 

 

____________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

____________________________

Heather A. Brown

Assistant City Attorney