NUMBER
031378
VERSION
SUBSTITUTE 2
REFERENCE
SPONSOR
ALD. GORDON
TITLE
Substitute resolution relating to expenditure of funds to be reimbursed by greater than anticipated revenue (Worker's Compensation).
ANALYSIS
This resolution authorizes the Department of Employee Relations to expend additional funds for worker's compensation expenses. The Department of Employee Relations would be authorized to expend up to an additional $1,275,000 for worker's compensation in 2003.
BODY
Whereas, Common Council file 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and
Whereas, The Department of Employee Relations has received a third party worker's compensation payment of $1,275,000; and
Whereas, Worker's compensation has expenses above the amount currently allocated for this purpose; and
Whereas, The Comptroller has certified greater than anticipated revenue in the amount of $1,275,000, pursuant to s. 304-91,
Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before 12/31/03 and to be expended only for the purpose in this resolution.
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Comptroller Date
; now, therefore, be it
Resolved, That up to $1,275,000 is appropriated to the Department of Employee Relations - SPA Worker's Compensation account #0001-1650-S176-001300 from the Special Purpose Account - Reimbursable Services Advance Fund; and, be it
Further Resolved, That the Department of Employee Relations is authorized to expend up to $1,275,000 in their SPA-Worker's Compensation account 0001-1650-S176-006100 for expenses relating to worker's compensation; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of this resolution.
DRAFTER
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