RES 1990-67 - 00003961RESOLUTION 67 -1990
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE
SELF - INSURANCE FUND TO THE GENERAL FUND
WHEREAS, the City of Fridley received on December 18, 1989, a
dividend of $61,019 from the League of Minnesota Cities Insurance
Trust for the City's participation in the LMCIT's property /casualty
program; and
WHEREAS, the 1990 Worker's Compensation premium for the General
Fund employees is $71,684 greater than the 1990 Budget for Worker's
Compensation; and
WHEREAS, the City of Fridley wishes to use the dividend to cover
the increased cost for the 1990 Worker's Compensation premium.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of
Fridley authorizes the transfer of funds from the Self- Insurance
Fund to the General Fund in the amount of $61,019.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
27TH DAY OF AUGUST, 1990.
ATTEST:
SHIRLEY A HAAPALA CITY CLERK
1
WILLIAM J. N - MAYOR
175