HomeMy WebLinkAboutA200 Liability Ins Fund (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: July 2, 2013
AGENDA ITEM NO.
ITEM TITLE:
Resolution of the City Council of the City of National City authorizing a Fiscal Year 2013 budget
adjustment by ratifying an increase of $177,500 to the Liability Insurance Fund WC Claim Costs
appropriation and a reduction of $177,500 to the fund balance of the Liability Insurance Fund to meet
time -sensitive Workers' Compensation obligations.
PREPARED BY: Mark Roberts
PHONE: 619-336-4265
EXPLANATION:
DEPARTMENT: Fina c
APPROVED BY: V� -rZ
On June 19, 2013, the Liability Insurance Fund WC Claim Costs Fiscal Year 2013 budget appropriation
was increased by $177,500 to meet time -sensitive Workers' Compensation obligations. Since fund
balance was used to fund an increase of the budget appropriation, staff seeks ratification of this action
by City Council.
FINANCIAL STATEMENT:
ACCOUNT NO.
627-2111
62 7-407-000-433-0 000
APPROVED:
APPROVED:
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
nance.
MIS
STAFF RECOMMENDATION:
Adopt the Resolution.
BOARD I COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Resolution