HomeMy WebLinkAbout2011-166 CCR Member Dan Ryan_. introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2011 -166
RESOLUTION AUTHORIZING INTERFUND TRANSFER
WHEREAS, application was made on behalf of the City of Brooklyn Center
under the Federal Early Retiree Reinsurance Program (ERRP) for reimbursement of a portion of
marginal costs incurred by employees resulting from premium changes brought on by inclusion
of retirees in the medical insurance program of the City; and
WHEREAS, said application resulted in a reimbursement under the ERRP
program of $ 138,271.35; and
WHEREAS, said funding is recommended to be reserved for use in reducing
future years' premium increases for City employees as is permitted by the ERRP program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that the $ 138,271.35 in proceeds received from the Federal ERRP
program be transferred from the Payroll Fund where it is currently being held to a segregated
Special Revenue Fund for use by the City in reducing the impact of future medical insurance
premiums on employees.
December 12 2011 ! / fin �2�
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.