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fL��V�d7� 1���. lr�V�4�� W�'Ls���l� DATE: 12-�-74 <br />AGENDA SECTIQl�1: ORIGINATING DEPT./DIV.: DEPT. HEA� APPHOVAL. <br />Reports F� Itecommendations Finance Departimenti 4-�+d <br />tlrL„n r�a_: �T�M �ESC�iP�rioN: Contingency Transfer for� Employee Insurance MGs2. REVIEWED/ftECOMtt�EN�S: <br />�--� Benefit Fund and•temporary financing of Improvement Funds /�.�C� <br />The Employee Insuxance Bene�zt Fund will havc deficit of �6,6Q0.00 <br />on December 31., 1974. �'his is due �o increased city payments �or <br />family insurance coverage made with the #49 and #320 Unions., and to <br />increased cos� of insurance covexage. These increased costs ivere not <br />known at the time the J.974 �ax levy was made for this tund. <br />The following City of Roseville improvemen� projects ha�e been tcmporar�ly <br />�inanced fram funds available, and the sale o£ bonds to �inance.these <br />pxojects has not yet been necessary. Projects #7�-14, 73-13, 72-15, <br />7�-22, 73-19, 7�-2Q, 73-25, 73-23, 73-21, 73-12 F� Sex:ies 7. <br />Action Requested <br />Motion to adopt a resolutian to �ransfer funds from the equity <br />ix► the Con��ngency Fund to the EmpJ.oyee Insurance B�netit Fund on <br />12-31--74. <br />N]o�ion to adopt a xesoiution to temporaxa..ly finance �he <br />improvement projects listed as of 12-31-74. <br />0 <br />