Laserfiche WebLink
A <br />MAY -22-19% 12:11 FROM CITY OF COLTON RDA TO CITY MANAGER P.10 <br />Reserve Analysis <br />Fiscal Impact <br />nwm is no deficil.0 &a within this fin1d ew the ry 1994.95 pW&m is fully huida A <br />$75,000 W4t4bW6cnxU0h2dSd in emb year of thp City'S five year financial forecUst- <br />Employee Afaei�lvaj, Intunwo Fund <br />Civ Co.,.Upiscid Policy; Thm is no applicalk fiscal policy. <br />The 1993 LjW mcommended that several altennative approwim to Providing health cwv=90 <br />be negotiated with aeopioyse WOUVS to =Wve cwt savinp. <br />a re" of W anployce/employer tuk fbrM a new bealib inswww Plan was appw"d and <br />As - bmHh <br />1994. Ift row plan wes des4ned to p=wo the <br />dk*Wc in Jeiesery , which histolicany in conswend law ctpcndve- lu <br />icjft� 4pnindon 0WO) Option <br />rMatin WVIW arc showd by the City =0 the eMp),*Yc%- <br />TjW Fy 1"4-95 IhMW pmjecu an coclin food bulw= of S139#050. A portion oftbis belaws <br />must be used to pity offtba 'tail" Of CWAIS incuned undar ft fbmu FV� of b"* <br />coverage. ItisandapmedthaiitfimdWm=of&PFOximutely$124.000wiU=Mminstfi$W <br />yea end. gince: 60 new h0ft Wsw=r Plan is fully insurcd, no resam am required. <br />Recommendation <br />1. Tmufw the remaicioe fund bslw= . at fiWal yew end to tho CmIOW Fund in Vy 1995-96. <br />CurMotpr1Dj6WW tU&C*fttWSPPWXhnat0ly $124 ' 000 will bc WORWe at jum 309 1995- <br />lqqpjeicemet� FWWS <br />City CWdl Fiscal Policy: Annually updaft the CaP110111 rAuipawat RpWwnwA wbe"C and <br />maintain a&qusft lesuves to fand it. <br />sod <br />A coMPlete 011111*11il Of ft flM reipla=cAt reseTyc was conducted Ind stubinmitted2to mv <br />apprmd by the City Council ill rchvffy 1994, As a mult of the flact f ow M e <br />.0placelluca Abeam sdodule- <br />analysig, a policy was wtablisbad to annuafly update The Fled P P% <br />ims roxm is ftuy finbded with a projocted mdi"g ftd WMW Of M5 m'U'ot&' <br />RecommendOw <br />