HomeMy WebLinkAbout1988 Resolution No. 011I
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RESOLUTION NO . //
Seri es of 1988
A RESOLUTION ESTABLI SH ING THE PROPERTY AND LIABILITY EXCESS INSURANCE FUND.
WHEREA S, the City Council of the City of Englewood , Colorado, desire s
to fi sc ally manage insurance coverage cost s as prudently as po ssi ble; and
WHEREAS, the City Co unc i 1 of the City of Eng 1 ewood, Co 1 or ado,
approv ed the 1988 purchase of property and 1 iabil ity insurance from Colorado
Intergovernmental Risk ~haring Association (CIRSA) with a $100,000 per event
deductible; and
WHEREAS, the City Council of the City of Englewood , Colorado desire s
to est abli sh the Property and Liability Excess Insurance Fund for the purpo se
of funding payment for losses up to the $100,000 dedu cti ble limit; and
WHEREAS, the Ci ty Council of the City of Englewood, Colorado desires
to provide revenues for the Property and Liability Excess Insurance Fund fro m
all City funds budgeted for in s urance premiums ;
NOW, THEREFORE, BE IT RESOLVED , by the City Counc i 1 of the City of
Englewood, Colorado, as follows:
Se ction 1
The fo 11 owing change in app 1 i cation of fund s, estimated revenues and
appropriations of funds is hereby made in the Property and Li abi 1 ity
Excess Insurance Fund and General Fund:
Source of Funds
General Fund -Purchasing Division
General Fund -Purchasing Division
Applicatior, of Funds
Property >"J Li abi 1 i ty Excess In su rance Fund
General ,'und -Fund Balance
Sect ion 2
$152,710
49,264
$152,710
49 ,26 4
The following estim¾led revenues and appropriations of funds are
hereby made in the Property and Liability Excess In surance Fund and
the WatH Fund :
Source of fund s
Water Fund
Application of Fund s
Property and Liability Excess Insurance Fund
$ 46,441
S 46,441
Section 3
The follow in g estimated r evenu es and ap propriati ons of funds ar e
hereby made in the Property and Liability Exces s Insuran ce Fund and
th e Se wer Fund :
Source of Funds
Sewer Fund
Application of Funds
Prop erty and Liability Exc ess In suran ce Fund
Section 4
14,046
14 ,046
The foll owing change in application of funds is hereby made in the
Property and Liability Excess Insurance Fund and the Bi-City WWTP
Fund:
Source of Fu nds
Bi -City WWT P Fund S 67,180
Applicat i on of Fund s
Property an d Liability Excess In surance Fund S 67,180
Section 5
The foll owing estimated revenues and appropriations of fund s are
he reby made in the Property and Liability Excess Insurance Fund and
the Go lf Course Fund:
Source of Fund s
Golf Course Fund 8,306
Application of Fund s
Pr operty and Li abi 1 i ty Excess In s uran ce Fund S 8 ,306
Sect ion 6
The fo 11 owing es timated reve nu es and appropriation s of funds are
he r eby mad e in the Property and Liability Excess Insurance Fund and
the ServiCenter Fund :
Source of Fund s
ServiCenter Fund
Ap plic ati on of Fund s
Property an d Liabili ty Exce ss Insurance Fun d
4,699
S 4,699 I
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ATTEST:
Sect ion 7
The followi ng e s timated rev enue s and appropriations of funds are
hereby made in th e Property and Liability Excess In surance Fund and
t he CERF Fund :
So ur ce of Fund s
CERF Fund 4,958
Ap plication of Funds
Property and Li abi 1 ity Excess In s urance Fun d 4,958
Sect ion 8
The fo 1 lowing change in application of funds i s hereby made in the
Property and Liability Excess In s uran ce Fund and t he Central Servi ces
Fund:
Source of Fund s
Central Services Fund 139
Applica t ion of Funds
Prop erty and Liability Exces s In s urance Fun d 139
Section 9
The City Manager and Director of Finance are hereby authorized to
make the above changes to the 1988 Budget of the City of Englewood .
Adopted and
app,,.00 ~•~: r::-l/,-.. -'--~-'--:~'-'·a"'-·-'-2=-·/t:....j ___ , 1988.
Susan Van Dyke, Mayor F
I, Patricia H. Cr ow, City Cl erk of the City of Englewood, Colorado ,
do hereby certify that the above and foregoing is a true, acc urate and
complete copy of Resolution No . _ff___, Series of 1988 .
. ,:;?J'r,;,,,,'-i,# !3H(~
Patricia H. Crow