Title
SUPPLEMENTAL APPROPRIATION - Self Insured Workers Compensation Fund
Drafter
ils
Body
WHEREAS, one component of the City's Workers Compensation Self Insurance program is the requirement to pay special assessments to the Bureau of Workers Compensation; and
WHEREAS, these assessments are calculated based on the amount of compensation we pay out and report to the Bureau of Workers Compensation; and
WHEREAS, every entity that is self insured is required to pay these fees and they are used to establish a pool of funds that would be used to cover employee claims in the event that an entity's self insurance fund balance was insufficient to meet the claims;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of FORTY FIVE THOUSAND DOLLARS ($45,000) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the Self-Insured Workers Compensation Fund to Account No. 900.125.5285, Special Assessments.
Section 2. That ORD-0001-2012, passed January 2, 2012, is hereby amended to reflect this supplemental appropriation.
Section 3. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.