HomeMy WebLinkAboutResolutions - 1991.02.14 - 18466February 14_, 1991
MISCELLANEOUS RESOLUTION #91015
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
RE: RISK MANAGEMENT - WORKERS' COMPENSATION IMPREST CASH
ACCOUNT ADJUSTMENT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS Fred S. James and Company has been retained to assist
in administration of workers' compensation claims; and
WHEREAS Miscellaneous Resolution #88002 and 88307 authorized
an advance of $100,000 for claims payment; and
WHEREAS the average monthly claims have increased to the point
that an additional advance of funds is required to meet the
County's statutory obligations; and
WHEREAS Risk Management estimates the increase of $25,000, for
a total of $125,000 will be sufficient to cover monthly claims
payments; and
WHEREAS funds are available in the Workers' Compensation Fund;
and
WHEREAS, the Board of Commissioners requires notification and
approval of all cash advances;
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners
authorizes a total advance of $125,000 for payment of workers'
compensation claims on behalf of the County of Oakland.
BE IT FURTHER RESOLVED that funds be transferred within the
Workers' Compensation Fund as follows:
1-73510-001-001 Cash Operating $ (25,000)
1-73510-060-001 Imprest Cash 25,000
-o-
Mr. Chairperson, on behalf of the Finance Committee, I move
the adoption of the foregoing resolution.
FINANCE COMMITTEE
jeff\rsk.res
Resolution # 91015 February 14, 1991
Moved by Caddell supported by Jensen the resolution be adopted.
AYES: Johnson, Krause, Law, McConnell, McCulloch, Millard, Moffitt, Oaks, Olsen,
Palmer, Pappageorge, Pernick, Price, Rewold, Schmid, Serra, Skarritt, Wolf, Aaron, Bishop,
Caddell, Crake, Ferrens, Gosling, Huntoon, Jensen. (26)
NAYS: None. (0)
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, do hereby certify that the foregoing
resolution is a true and accurate copy of a resolution adopted by the Oakland County
Board of Commissioners on February A,. 1991
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this 14th day of February, 1991_
'4-bt."; !(n.4'.4•Ce14.z.'
Lyme"). Alien, County Clerk