HomeMy WebLinkAboutResolutions - 1995.02.09 - 244231-73510-001-001 Cash Operating
1-73510-060-002 Imprest Cash
$(60,000)
60.000
-a-
1111%
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MISCELLANEOUS RESOLUTION #95009 February 9, 1995
BY: Finance and Personnel Committee, John P. McCulloch,
Chairperson
IN RE: RISK MANAGEMENT - WORKERS' COMPENSATION THIRD PARTY
ADMINISTRATION IMPREST CASH ACCOUNT FOR ASU RISK MANAGEMENT
SERVICES
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS Miscellaneous Resolution #88002 authorized the
establishment of an imprest cash account for the administrator of
the Workers' Compensation Fund; and
WHEREAS the firm of ASU Risk Management Services has been
retained in that capacity; and
WHEREAS a $50,000 imprest cash account was established at
the onset under Miscellaneous Resolution #93095; and
WHEREAS that amount is no longer sufficient to cover one
month of claim payments; and
WHEREAS an additional $60,000 is needed to adequately fund
the imprest cash account; and
WHEREAS funds are available in the Workers' Compensation
Fund; and
WHEREAS the Board of Commissioners requires notification and
approves all cash advances.
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners
authorizes an additional $60,000 advance for payment of workers'
compensation claims.
BE IT FURTHER RESOLVED that funds be transferred within the
Workers' Compensation Fund as follows:
Chairperson, on behalf of the Finance and Personnel
Committee, I move the adoption of the foI egoing resolution. . .
Financ
/
!
and Personnel Committee
In Testimony Whereof, I have hereunto set my hand and ixed the seal of,..the
County of Oakland at Pontiac ? Michigan this 9th day of rua”..,p_a'S5
X0L,—
1-y4 D. Allen, County Clerk
411ta.
Resolution 495009 February 5, 1995
Moved by McCulloch supported by Kingzett the resolution be adopted.
AYES: Jensen, Johnson, Kaczmar f Kingzett, Law, McCulloch, Moffitt,
Obrecht, Palmer, Powers, Quarles, Schmid, Taub, Wolf, Amos, Crake, Devine,
Dingeldey, Douglas, Garfield, Holbert, Huntoon. (22)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
11 HEREBY _
........
I. Brooks Patterson.
c-PPROVE T PESOLUTION
3 /5
ty Executive Data
STATE CF 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 9, 1995 with the original
record thereof now remaining in my office,