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<br />. <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2001-019 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, APPROPRIATING $83,886 FROM THE GENERAL FUND FUND <br />BALANCE DESIGNATED FOR INSURANCE RESERVES TO THE <br />HEAL TH INSURANCE ACCOUNTS WITHIN THE VARIOUS FUNDS OF <br />THE CITY <br /> <br />WHEREAS, at an annual meeting of the Alaska Public Utilities Insurance Trust (APUIT) <br />on December 15, 2000, the Trustees voted to increase the health contribution rate 20% from <br />$597.52 to $717.02 per employee per month effective January 1,2001; and <br /> <br />WHEREAS, the increase was necessary in order to continue the financial stability of the <br />Trust and maintain the health benefits the Trust provides; and <br /> <br />WHEREAS, APUIT has managed to maintain excellent benefits at reasonable costs <br />during a period of annual increases in the health industry; and <br /> <br />WHEREAS, the health insurance market continues to restructure and harden; and <br /> <br />WHEREAS, with the increase in medical claims and the increase in stop loss coverage for <br />2001, the APUIT Trustees had no choice but to increase the insurance contributions; <br /> <br />WHEREAS, the City's health insurance continues to be one of the lowest rates in Alaska <br />among municipalities and utilities; and <br /> <br />WHEREAS, the CY2001 budget anticipated a 5 % increase in the health contribution or <br />a contribution of $627 AO per employee per month; and <br /> <br />WHEREAS, the new contribution rate of $717.02 per employee per month will have a <br />budget impact estimated at $83,886 for all City Funds in CY2001. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. Appropriate $83,886 from the General Fund fund balance designated for <br />Insurance Reserves, account no. 101-0000-3040 to the General Fund Health Insurance, account <br />no. 101-XXXX-5070 in the amount of$66,540; to the Small Boat Harbor Fund Health Insurance, <br />account no. 401-XXXX-5070 in the amount of $9,651; to the SMIC Fund Health Insurance, <br />account no. 417-XXXX-5070 in the amount of $980; to the Electric Fund Health Insurance, <br />