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CITY OF SEWARD, ALASKA
RESOLUTION 2001-104
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, APPROVING THE TRANSFER OF $51,291 OF AMUJIA
DIVIDEND MONIES FROM THE GENERAL FUND UNDESIGNATED
FUND BALANCE TO THE GENERAL FUND FUND BALANCE
DESIGNATED FOR INSURANCE RESERVES
WHEREAS, for the fifth consecutive year, the Alaska Municipal League Joint Insurance
Association (AMLIllA) has declared and paid to its participating members a dividend from the
insurance pool; and
WHEREAS, this year's dividend, in the amount of$51,291, has been received from the
AMLIllA; and
WHEREAS, the City of Seward designates a portion of the General Fund fund balance
received from insurance credits and charges, as an insurance reserve; and
WHEREAS, the City's goal is to fund the insurance reserve account to a minimum level
of$500,000, enabling the City to benefit from higher insurance deductibles and thereby lowering
its annual insurance contribution to the AML/nA insurance pool.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The City Manager is authorized to transfer the $51,291 AMLIllA dividend
from the General Fund undesignated fund balance account 101-0000-3050 to the General Fund
fund balance designated for insurance reserves, account 101-0000-3040.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 27th
day of August, 2001.
CITY OF SEWARD, ALASKA
RESOLUTION 2001-104
THE CITY OF SEWARD, ALASKA
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Edgar Blatchford, Mayor
AYES: Blatchford, Brossow, Branson, Calhoon, Clark, Orr, Shafer
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
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Patrick Reilly
City Clerk",......,
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