HomeMy WebLinkAboutReso 2002-410 RESOLUTION NO. 2002-410
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA TRANSFERRING FUNDS FROM THE
WORKERS' COMPENSATION CONTINGENCIES ACCOUNT
TO THE INSURANCE PREMIUM ACCOUNT TO COVER THE
INCREASED PREMIUM FOR EXCESS WORKERS'
COMPENSATION INSURANCE
WHEREAS, the public entity workers' compensation insurance market in California is in
a state of turmoil as a result of September llth and recent legislative changes regarding the
provision of benefits in California; and
WHEREAS, premiums have increased 227.3% over the 2001/2002 policy; and
W~-IEREAS, this unprecedented increase requires the reallocation of already appropriated
workers' compensation contingency funds to cover the cost of the premium for Fiscal Year
2002/2003.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby transfer funds in the amount of $143,349 from the Workers' Compensation
Contingencies Account 23100 to the Insurance Premium Account 6568 to cover the increased
premium for excess workers' compensation insurance.
Presented by Approved as to form by
Human Resources Director ~.nry ~xt y
Resolution 2002-410
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 22nd day of October, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley H~on, Mayor
ATTEST:
Susan Bigelow, City Cle~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-410 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 22nd day of October, 2002.
Executed this 22nd day of October, 2002.
Susan Bigelow, City Clerk~