HomeMy WebLinkAboutResolutions - 1989.08.03 - 17287August 3, 1989
MISCELLANEOUS RESOLUTION 89185
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDEIL, CHAIRPERSON
IN RE: RISK MANAGEMNT IMPREST CASH FOR SHORT TERM DISABILITY MINIMUM
PREMIUM PROGRAM
TO THE OAKLAND comry BOARD OF COMMISSIONERS
Mt. Chairperson, Ladies and Gentlemen,
WHEREAS Risk Management has reviewed the Minimum Premium Program (MPP)
offered by Aetna (our current short term disability provider);
WHEREAS the Minimun Premium Program is a combination of self insured
and insurance policy programs;
WHEREAS Risk Management has recommended the MPP that will have an
annually savings of $14,566 which will be offset by a one time set-up
charge of $3,000;
WHEREAS the program requires the establishment of a two (2) month
advance of $90,000 which will be drawn upon by Aetna in approximately
$20,000 portions as claims are paid;
WHEREAS the Audit Division has reviewed and approved Aetna's policies
and procedures for maintaining the necessary reserve;
WHEREAS funds are available in the Fringe Benefit Fund.
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners
authorizes a long-term advance of $90,000 for payment of Short-Term
Disability claims on behalf of the County of Oakland.
BE IT FURTHER RESOLVED that funds be transferred within the Fringe
Benefit Fund as follows:
1-73500-001-001 Cash $( 90,000)
1-73500-060-001 Imprest Cash 90,000
$ -0-
Mr. Chairperson, on.behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
nf-mrriskman RESOLUTION
81 T. Mur1419, COunt9 OccOtive
:Resolution P 89185 Au-g:Ost 3, 1989
Moved by Caddell supported by Pappageorge the resolution be adopted.
AYES: McPherson, Moffitt, Oaks, Olsen, Pappageorge, Pernick, Price,
Rewold, Skarritt, Wolf, Aaron, Bishop, Caddell, Calandro, Chester, Crake, Ferrens,
Gosling, Hobart, Jensen, Johnson, R. Kuhn, S. Kuhn, Law, Luxon, McConnell. (26)
NAYS: None.
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
- I, Lynn D. Allen, Clerk of the County of Oakland and having a seal,
do hereby certify that I have compared the annexed copy of the attached
resolution adopted by the Oakland County Board ofCommissioners at their regular
meeting held on_ August .a, 1989
with the original record thereof now remaining in my office, and
that it is a true and correct transcript therefrom, and of the
whole thereof.
In Testimony Vinereof, I have hereunto set my hand and affixed the
seal of said County at Pontiac, Michigan
this .3rd .c.iz)y of August. 89
_ LYNN/O. ALLEN, County Cler/Recister of D