City of Racine - File #: Ord.17-13

• File #: Ord.17-13
• Version: A
• Name: Ordinance 17-13
• Type: Ordinance
• Status: Passed
• File created: 11/19/2013
• In control: Finance and Personnel Committee
• Final action: 12/3/2013
• Title: Ordinance 17-13 To amend Section 46-64. Undesignated health insurance fund balance of the Municipal Code of the City of Racine, Wisconsin. The Common Council of the City of Racine, Wisconsin do ordain as follows: Part 1: In Sec. 46-64. Undesignated health insurance fund balance, of the Municipal Code of the City of Racine, Wisconsin, the words “25 percent” are hereby repealed and replaced with “5 percent.” Part 2: This ordinance shall take effect upon passage by a majority vote of the members-elect of the City Common Council and publication or posting as required by law. Passed by the Common Council: December 3, 2013 _______________________________________ Approved: _______________________________________ Mayor Attest: _______________________________________ City Clerk Fiscal Note: Stop Loss Insurance policies have reduced the need to carry reserves of 25 percent.
• Sponsors: Q.A. Shakoor II
• Related files: 13-9517

Date	Ver.	Action By	Action	Result
11/19/2013	A	Common Council	Referred

Sponsor

Alderman Shakoor

Title

Ordinance 17-13

To amend Section 46-64. Undesignated health insurance fund balance of the Municipal Code of the City of Racine, Wisconsin.

The Common Council of the City of Racine, Wisconsin do ordain as follows:

Part 1: In Sec. 46-64. Undesignated health insurance fund balance, of the Municipal Code of the City of Racine, Wisconsin, the words "25 percent" are hereby repealed and replaced with "5 percent."

Part 2: This ordinance shall take effect upon passage by a majority vote of the members-elect of the City Common Council and publication or posting as required by law.

Passed by the Common Council: December 3, 2013

_______________________________________

Approved:

_______________________________________

Mayor

Attest:

_______________________________________

City Clerk

Fiscal Note:  Stop Loss Insurance policies have reduced the need to carry reserves of 25 percent.