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File #: 13-9517    Version: A Name: Communication from the Finance Director requesting to refer Section 46-64 of the City of Racine Municipal Code to the Finance and Personnel Committee at their next scheduled meeting on Monday, November 11, 2013 for revocation. (Ord. 17-13)
Type: Communication Status: Passed
File created: 10/31/2013 In control: Finance and Personnel Committee
On agenda: Final action: 11/19/2013
Title: Subject: Communication from the Finance Director requesting to refer Section 46-64 of the City of Racine Municipal Code to the Finance and Personnel Committee at their next scheduled meeting on Monday, November 11, 2013 for revocation. (Ord. 17-13) Recommendation of the Finance & Personnel Committee on 11-11-13: Section 46-64 of the City of Racine Municipal Code be amended from 25 percent to 5 percent of the health insurance fund appropriations adopted for the subsequent budget year. Fiscal Note: Stop Loss Insurance policies have reduced the need to carry reserves of 25 percent.
Attachments: 1. Municipal Code Referral Req, 2. Ordinance 17-13 - Health Ins Fund
Related files: Ord.17-13
Title
Subject: Communication from the Finance Director requesting to refer Section 46-64 of the City of Racine Municipal Code to the Finance and Personnel Committee at their next scheduled meeting on Monday, November 11, 2013 for revocation. (Ord. 17-13)
 
Recommendation of the Finance & Personnel Committee on 11-11-13:  Section 46-64 of the City of Racine Municipal Code be amended from 25 percent to 5 percent of the health insurance fund appropriations adopted for the subsequent budget year.
 
Fiscal Note:  Stop Loss Insurance policies have reduced the need to carry reserves of 25 percent.