TITLE
AN ORDINANCE AUTHORIZING SUPPLEMENTAL APPROPRIATIONS AND WAIVING SECOND READING - Self-Insurance Fund (9020) for Contract Services and Claims and Judgments
BODY
WHEREAS, the City of Gahanna established a self-insurance program and has reviewed expenditures and appropriations to ensure sufficient funding for claims and related administrative costs through the end of fiscal year 2026; and
WHEREAS, the review determined that administrative expenses, including stop-loss insurance coverage, have exceeded initial projections, while claims expenses have been lower than anticipated; and
WHEREAS, the Administration has determined that supplemental appropriations are necessary to meet anticipated year-end obligations; and
WHEREAS, the Self-Insurance Fund (9020) has sufficient unencumbered and unappropriated funds available to support these expenditures while maintaining an adequate reserve balance; and
WHEREAS, the Administration has requested waiver of the second reading to allow timely payment of invoices due December 1, 2026.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO:
Section 1. That supplemental appropriations in the total amount of $365,000 are hereby authorized from the unencumbered, unappropriated balance of the Self-Insurance Fund (9020) as follows:
902.05.000.5205 - Self Insurance Fund Contract Services - $160,000
902.05.000.5230 - Self Insurance Fund Claims & Judgments - $205,000
Section 2. That the second reading of this Ordinance is hereby waived.
Section 3. That this Ordinance shall be in full force and effect at the earliest period allowed by law.