Laserfiche WebLink
<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-098 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, TRANSFERRING THE AML/JIA DIVIDEND AND THE LELP <br />RETROSPECTIVE CREDIT TOTALING $95,360 TO THE GENERAL FUND <br />FUND BALANCE DESIGNATED FOR INSURANCE RESERVES <br /> <br />WHEREAS, the Alaska Municipal League Joint Insurance Association (AML/nA) has <br />declared and paid to its participating members a dividend in the amount of $86,758 from the <br />insurance pool; and <br /> <br />WHEREAS, the City of Seward also participates in the Law Enforcement Liability Pool <br />(LELP) sponsored by the AML/nA for the provision oflaw enforcement coverage; and <br /> <br />WHEREAS, the City has received a retrospective net credit for FY2001 in the amount of <br />$8,602 for the LELP progam; and <br /> <br />WHEREAS, the City of Seward designates a portion of the General Fund fund balance as <br />an insurance reserve to account for additional insurance charges and credits to help fund unexpected, <br />uninsured claims, insurance deductibles and insurance pool assessments; and <br /> <br />WHEREAS, it is the desire of the City to continue to fund the insurance reserve account to <br />an amount sufficient to offset any unexpected, uninsured claims, insurance deductibles and insurance <br />pool assessments. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. The AML/JIA dividend in the amount of $86,758 and the FY2001 LELP net <br />retrospective credit in the amount of $8,602 totaling $95,360 be transferred from the General <br />Fund fund balance, account no. 101-??oo-3050 to the General Fund fund balance designated for <br />insurance reserves, account no. 101-??oo-3040. <br /> <br />Section 3. This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council ofthe city of Seward, Alaska, this 11 day <br />of September, 2000. <br />