HomeMy WebLinkAbout024 - 03/05/1991 - APPROPRIATING UNANTICIPATED REVENUE IN THE BENEFITS FUND ORDINANCE NO. 24, 1991
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE BENEFITS FUND
WHEREAS, under the 1991 budget, funds were appropriated in each department
for medical insurance at the level of $245 per employee per month or a total
amount of $2,764,282; and
WHEREAS, this total was received and accounted for as revenue by the
Benefits Fund under the 1991 budget; and
WHEREAS, this revenue was also appropriated in the Benefits Fund for
payment of medical claims and related expenses; and
WHEREAS, as a result of information collected during 1990, the amount
needed to meet expected expenses in the Benefits Fund for medical claims
increased from $245 to $285 per employee per month, a total increase of $480,000;
and
WHEREAS, this increased level of funding was included in the Total
Compensation method of analysis and the 1991 Pay Plan, adopted on December 4,
1990, and is available from amounts already appropriated in the Personal Services
line of each department; and
WHEREAS, this increased level of funding will be received by the Benefits
Fund as unanticipated revenue; and
WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins
authorizes the City Council to appropriate by ordinance unanticipated revenue
received as a result of new revenue sources at any time during the year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS,
that there is hereby appropriated from unanticipated revenue in the Benefits Fund
the sum of FOUR HUNDRED EIGHTY THOUSAND DOLLARS ($480,000) to be expended for
medical claims.
Introduced, considered favorably on first reading, and ordered published
this 19th day of February, A.D. , 1991, and to be presented for final passage on
the 5th day of March, A.D. 1991 .
i
ayor
ATTEST:
�
yl��lm� 2
City Clerk
Passed and adopted on final reading this 5th day of March, A.D. 1991 .
Mayor
ATTEST:
to C 1 City Clerk