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HomeMy WebLinkAboutRES 2498 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2498 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON TRANSFERRING FUNDS WHEREAS it is necessary and advisable to transfer the : . below specified funds to provide for '1982 .King .County"Medical retro- active premium payments , and such transfer being necessary and in the public interest and for the public .benefit , NOW THEREFORE THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, TO RESOLVE AS FOLLOWS : See Exhibit "A" attached hereto and made a part hereof as if fully set forth herein. PASSED BY THE CITY COUNCIL this 4th day of April , 1983 Maxine E. Motor , City Clerk APPROVED BY THE MAYOR this 4th day of April , 1983 . OC, Barbara S inpoc , Mayor Approved as to form: Lawrence J. ren, City Attorney CITY OF RENTON, WASHINGTON EXHIBIT "A" RESOLUTION NO. 2498 Transfer of funds for payment of 1982 King County Medical retroactive Premium agreement. Total payment equals 10/ of 1982 premiums paid; $446,680. 98 @ 10% _ $44,668. 10. Breakdown of payment as follows: Tax Supported Funds (Current, Park, Street , Library Funds) 10% of $386,617. 50 = Retroactive Premium Payment . . . . . . . . . . . $38,661.75 Self-Supporting Funds: Water/Sewer Utility Fund - 10% of $24,579. 00 = Retroactive Premium Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,457. 90 Airport Fund - 10% of $5,0262 = Retroactive Premium Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 502.68 Equipment Rental Fund - 10% of $5, 716. 15 = Retroactive Premium Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 571.62 Firemen' s Pension Fund - 10% of $9,878. 40 = Retroactive Premium Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 987.84 SUB-TOTAL 1982 KING COUNTY MEDICAL RETROACTIVE PAYMENT . . . . . . . $43,181. 79 Add: Renton Housing Authority (under City of Renton' s King County Medical plan - 10% of $14,863. 11 = Retroactive Premium Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 ,486. 31 TOTAL 1982 KING COUNTY MEDICAL RETROACTIVE PAYMENT DUE . . . . . . . $44,668. 10 TRANSFER OF FUNDS TO PROVIDE FOR 1982 KING COUNTY MEDICAL RETROACTIVE PAYMENT: TRANSFER FROM: Cumulative Reserve Fund #3611 (Reserve for Employee Medical Benefits) Expenditure a/c 123/000/04. 597. 00. 50. 00 . . . . . . . . . . . . . . . . . . . . . . $38,661. 75 TRANSFER UNTO: Current Fund Revenue a/c . . . 000/000/397.00. 00. 01 (Operating Transfers-in) $38,661. 75 Expenditure a/c 000/000/04. 519.90.20. 15 (Current/Misc. Serv. ) $38,661. 75 (King Co. Medical 1982 Retroactive Payment Tax Supported Funds) TRANSFER FROM: Water/Sewer Utility Fund (Machinery & Equipment Reserve Account) Expenditure a/c 401/000/15. 501. 37.64. 00 . . . . . . . . . . . . . . . . . . . . . . $ 2,457. 90 TRANSFER UNTO: Water/Sewer Utility Fund (King Co. Medical 1982 Retroactive Payment) Expenditure a/c 4011000/15. 501 .37. 20.15 . . . . . . . . . . . . . . . . . . . . . . $ 2,457.90 TRANSFER FROM: Airport Fund (Ending Fund Balance) Expenditure a/c 402/000/00. 508.00.00.00 . . . . . . . . . . . . . . . . . . . . . . $ 502.68 TRANSFER UNTO: Airport Fund (King Co. Medical 1982 Retroactive Payment) Expenditure a/c 402/000/15. 501.41.20.15 . . . . . . . . . . . . . . . . . . . . . . 502.68 TRANSFER FROM: Equipment Rental Fund (Ending Fund Balance) Expenditure a/c 501/000/00. 508. 00.00.00 . . . . . . . . . . . . . . . . . . . . . . $ 571.62 TRANSFER UNTO: Equipment Rental Fund (King Co. Medical 1982 Retroactive Payment) Expenditure a/c 5011000/15.501.81 .20. 15 . . . . . . . . . . . . . . . . . . . . . . $ 571 .62 TRANSFER FROM: Firemen ' s Pension Fund (Ending Fund Balance) Expenditure a/c 6011000/00. 508.00. 00.00 . . . . . . . . . . . . . . . . . . . . . . $ 987.84 TRANSFER UNTO. Firemen' s Pension Fund (King Co. Medical 1982 Retroactive Payment) Expenditure a/c 601/000/04. 514.33. 20. 15 . . . . . . . . . . . . . . . . . . . . . . $ 987.84 TOTAL TRANSFER OF FUNDS . . . . . . . . . . . . . . . . $43,181.79