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File #: 031281    Version: 0
Type: Resolution Status: Placed On File
File created: 12/19/2003 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 3/19/2004
Effective date:    
Title: Resolution appropriating $600,000 from the 2003 Common Council Contingent Fund for payment of Worker's Compensation claims.
Sponsors: THE CHAIR
Indexes: CONTINGENT FUND, DISABILITY BENEFITS, HEALTH CARE, WAGES AND BENEFITS
Attachments: 1. DER Cover Letter.pdf
Number
031281
Version
ORIGINAL
Reference
 
Sponsor
THE CHAIR
Title
Resolution appropriating $600,000 from the 2003 Common Council Contingent Fund for payment of Worker's Compensation claims.
Analysis
This resolution appropriates $600,000 from the 2003 Common Council Contingent Fund to the Department of Employee Relations' Worker's Compensation Special Purpose Account for payment of worker's compensation claims for the remainder of 2003.
Body
Whereas, The Department of Employee Relations' Worker's Compensation Special Purpose Account is budgeted at $7,000,000 for 2003; and
 
Whereas, Through December 17, 2003, $7,266,341 has been paid in worker's compensation claims, leaving the account with a $266,341 negative balance with at least 3 more weekly payments to be made through December 30, of 2003; and
 
Whereas, additional funds are needed immediately to pay worker's compensation claims during the remainder of 2003; now, therefore, be it
 
Resolved, By the Common Council of the City of Milwaukee, that an amount not to exceed $600,000 shall be transferred from the 2003 Common Council Contingent Fund (0001-9990-0001-C001-006300-2003) to the Department of Employee Relations' Worker's Compensation Special Purpose Account (612001-0001-1654-1614-S176-2003); and, be it
 
Further Resolved, That the City Comptroller is authorized and directed to establish all funds and necessary accounting procedures to fulfil the intent of this resolution.
 
Requestor
Department of Employee Relations
Drafter
DER
ER
12/19/03