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HomeMy WebLinkAboutRESOLUTIONS - 06261984 - 84-376 RESOLUTION NO. 84/ 376 RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA AFFIRMING THAT MONEYS IN SELF INSURANCE FUNDS ARE AVAILABLE ONLY FOR DESIGNATED PURPOSES AND ARE REASONABLY REQUIRED FOR SUCH PURPOSES . . . WHEREAS, the County has established the following self insurance reserve funds for the purposes described below, and, based upon an actuarial evaluation prepared by the County Administrator of the County (the "County Administrator" ) , upon consultation, as necessary, with an insurance actuary, the amounts which are contained in such funds, as set forth below, are reasonable to cover claims previously incurred or expected to be incurred and to pay the costs of claim administration, excess insurance, risk management and other non-claim expenses related to each fund which has been determined by the County Administrator to be reasonable: Fund 8165 ($ 345 , 000 ) Employee Dental Self Insurance Trust for payments required to be made pursuant to the County employees' dental plan; Fund 8166 ($ 668 , 000 ) Long Term Disability Insurance Trust to be used for payments required under the County Management Employees' Long Term Disability Plan; 00 �� Fund 8169 ($4 , 965 , 000 ) Workers' Compensation County Reserve Trust to be used for payments required under the County' s Workers' Compensation Plan; Fund 8170 ($2, 115, 000 ) Automotive Self Insurance Trust to be used for the payment of liability claims arising from the ownership and use of County vehicles; Fund 8171 ($5 , 103, 000 ) Public Liability Trust to be used for the payment of claims arising from the ownership or use of County property (other than automobiles) and the conduct of County programs and services; Fund 8172 ($ 1 , 171 , 000 ) State Unemployment Insurance Trust to be used for liabilities incurred by the County under the unemployment insurance program; and Fund 8173 ($ 4 , 169, 000 ) Medical Self Insurance Trust to be used for the payment of liability claims arising from and in connection with the provision by the County of medical services. WHEREAS, the Board of Supervisors now wishes to affirm that moneys in the above listed funds are reasonably required and may only be used for the purposes so specified; NOW, THEREFORE, the Board of Supervisors of the County of Contra Costa hereby finds, determines, declares and resolves as follows: Section 1 . All of the recitals herein set forth are true and correct and this Board so finds and determines. 2 GO 162 Section 2. The moneys set aside in the above listed funds, in the amounts specified, and other amounts reasonably required by the County Administrator to be deposited in said funds from time to time, shall be available only for the purposes set forth above and are reasonably required for such purposes. Section 3 . The available cash balances in the above listed funds and attributable to the County General Fund, as determined by the County Auditor/Controller, may at the discretion of the County Treasurer, from time to time be loaned to the County General Fund to meet temporary cash flow needs of the County General Fund. Section 4. In the event cash loans are made to the County General Fund, as provided in the preceding paragraph, said County General Fund will pay interest to the above listed fund or funds from which the loans were made at a rate to he determined by the County Treasurer and to be equal to the rate that the County Treasurer could have earned on said funds if they had been otherwise invested. PASSED by the Board on June 26, 1984, by the following vote: AYES: Supervisors Powers, r^anden, Schroder, McPeak and Torlakson NOES: None I hereby certify that this is a true and correct copy of ABSENT• None an action taken and entered on the minutes of the Board of Superyisors on the data shown. ABSTAIN: None ATTESTED: — og(o /9.r+/ U J.R. OLSSON, CCJNTY CLERK cc : See Distribution List and on officio Clork of the Board (PageZL ey -a��C , Deputy 00 163 3