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HomeMy WebLinkAboutORD 5056CITY OF RENTON,WASHINGTON ORDINANCE NO.5056 AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON, CREATING A NEW FUND TITLED "INSURANCE HEALTHCARE FUND"FOR THE YEAR 2004. THE CITY COUNCIL OF THE CITY OF RENTON,WASHINGTON,DO ORDAIN AS FOLLOWS: SECTION I.A new Internal Service Fund shall be created -Fund 512 - Insurance Healthcare Fund.The purpose of the fund is to provide accounting for self-insurance services to all City departments for health care programs.The Insurance Healthcare Fund will pay expenses and revenue will be provided by rates charged to departments based on use and coverage requirements. SECTIOND.All healthcare related revenue and expenses previously contained in Fund 502 -Insurance Fund shall be transferred to Fund 512 -Insurance Healthcare Fund. SECTION III. five days after publication. This Ordinance shall be effective upon its passage,approval,and PASSED BY TIIE CITY COUNCIL this 15th day of December Bonnie 1.Walton,City Clerk APPROVED BY TIIE MAYOR this 15th dayof December ,2003. ,2003. Jesse T&r:MaYOr 1 ORDINANCE NO.5056 Approved as to form: ~~~ Date of Publication:12/19/2003 (summary) ORD.1055:11/3/03:ma 2