HomeMy WebLinkAboutResolutions - 1996.02.15 - 24743MISCELLANEOUS RESOLUTION #96024 February 15, 1996
BY: FINANCE AND PERSONNEL COMMITTEE, SUE A. DOUGLAS, CHAIRPERSON
IN RE; MANAGEMENT AND BUDGET DEPARTMENT - CONSOLIDATION OF THE FRINGE BENEFIT
FUND, WORKERS' COMPENSATION FUND AND UNEMPLOYMENT COMPENSATION FUND
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS as authorized by Miscellaneous Resolutions #81-012 and 081-312,
the County currently maintains separate fund accounting for the Fringe Benefit
Fund, Workers Compensation Fund, and Unemployment Compensation Fund; and
WHEREAS rninolidAtinn of the funds into a single Fringe Benefit Fund
would be beneficial to the County by reducing internal accounting
administration, eliminating inequities and adjustments between the funds at
the end of each year, and helping to resolve the equity level issue arising
from recent passage of OMB A-87; and
WHEREAS allocation of costs for all three funds is currently based on
salaries and wages of user departments, which facilitates consolidation of the
funds.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes the consolidation of the Fringe Benefit Fund
(#73500), Workers' Compensation Fund 473510) and Unemployment Compensation
Fund ;#7352U) into the Fringe Benefit Fund, effective retroactively to January
1, 1996.
BE IT FURTHER RESOLVED that the Management and Budget Department
effectuate the r'nnqnlidAt'nn of the funds through the appropriate accounting
journal entries to close the Workers' Compensation Fund and Unemployment
Compensation Fund and transfer their respective fund assets, liabilities,
budget appropriations and fund balances to the Fringe Benefit Fund.
Chairperson, on behalf of the Finance and Personnel Committee, I move
the adoption of the foregoing resolution.
FINANCE AND PERSONNEL COMMITTEE
d
Resolution #96024 February 15, 1996
Moved by Douglas supported by Huntoon the resolution be adopted.
AYES: Holbert, Huntoon, Jacobs, Jensen, Johnson, Kaczmar, Kingzett, Law,
McCulloch, McPherson, Moffitt, Palmer, Pernick, Powers, Quarles, Schmid, Taub,
Wolf, Amos, Crake, Douglas, Garfield. (22)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolu:Aon 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 15, 1996 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 15th day of Februeza): 1996.
D. Allen, County Clerk