HomeMy WebLinkAboutMINUTES - 03081988 - 1.4 (2) -
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TO: BOARD OF SUPERVISORS
FROM: Mark. Finuoone, Contra
Health Services Director Costa
oATsFebruary l7, 1988
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SUBJECT: Authority for Auditor-Controller to Reimburse Louise Brown's
Irrevocable Burial Trust
SPEoxrxc RsnUoor<a> OR ,om(S} & e/wCwGRcUmo AND JuSrrF/cnr,om
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RECOMMENDED ACTION:
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Grant authority to the Contra Costa County Auditor-Controller to reimburse Louise Brown's
irrevocable burial trust in the amount of $58.89.
REASON FOR RECOMMENDATION:
On January 25, 1984 e deputy conservator established an irrevocable burial trust at Wells
Fargo Bank For $100.00 for Louise Brown. The deputy was unaware that the amount deposited
was too small for the bank's monthly service chargeto be waived. Over time, the service
charges orroded the balance so that there is now on deposit $63.09.
As soon as this was brought to the Properties Trust Officer's attention, the account was
transferred to a financial institution that has no service charge on small savings accounts.
The conservatee oufferrad a loss of $58.89 from January 25, 1984 until the account was
transferred on January 20, 1988~ If there had been no service charges and interest would
` have been earned on the entire initial investment, there would be on deposit $12I.98^
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CONTINUED ON ATTACHMENT: YES SIGNATURE:
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psCpMMsNo*r,Om OF CouwrY ^mw/mwmrnATOR __- nEcowwsmDAr/om OF ooAno COMMITTEE
APPROVE OTHER
ACTION OF BOARD ON APPROVED AS RECOMMENDED ��_ prHsn
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VOTE OF SUPERVISORS
/ HEREBY CERTIFY THAT THIS IS A TRUE
up�mwxawoo� (����w� � AND CORRECT COPY OF AN ACTION TAKEN
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AYES' NOES. AND smrsRso ON THE m/murEs Or THE ecwmRD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE smOmN'
cc* Health Services Department ATTESTED .AR
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Conservatorship p*/L BATCHELOR, CLERK OF THE BOARD OF
Auditor-Controller SUPERVISORS AND COUNTY ADMINISTRATOR
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