City of Columbus - File #: 1962-2006

• File #: 1962-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/26/2006
• In control: Administration Committee
• On agenda: 11/20/2006
• Final action: 11/20/2006
• Title: To authorize the City Auditor to appropriate $90,000 from within the unappropriated balance of the Employee Benefits Fund; to authorize the Human Resources Director to modify and extend the contract with Standard Insurance to provide all employees with life insurance coverage through January 31, 2007, and to authorize the expenditure of $90,000 from the Employee Benefits Fund, or so much thereof as may be necessary to pay the costs of said contract; and to declare an emergency. ($90,000.00)

Date	Ver.	Action By	Action	Result
11/22/2006	1	CITY CLERK	Attest
11/21/2006	1	MAYOR	Signed
11/20/2006	1	Columbus City Council	Approved	Pass
11/20/2006	1	COUNCIL PRESIDENT	Signed
11/6/2006	1	HR Drafter	Sent to Clerk's Office for Council
11/2/2006	1	HR Drafter	Sent for Approval
11/2/2006	1	ODI DIRECTOR	Reviewed and Approved
11/2/2006	1	HR Drafter	Sent for Approval
11/2/2006	1	Auditor Reviewer	Reviewed and Approved
11/2/2006	1	CITY AUDITOR	Reviewed and Approved
11/2/2006	1	HR Drafter	Sent for Approval
11/2/2006	1	CITY ATTORNEY	Reviewed and Approved
10/31/2006	1	HR Drafter	Sent for Approval
10/31/2006	1	Finance Reviewer	Reviewed and Approved
10/31/2006	1	FINANCE DIRECTOR	Reviewed and Approved
10/30/2006	1	HR DIRECTOR	Reviewed and Approved
10/26/2006	1	HR Drafter	Sent for Approval

Explanation
BACKGROUND: To maintain the insurance programs in accordance with the negotiated labor contracts, it is necessary to modify and extend the existing contract with Standard Insurance, and to provide additional appropriation for the continuation of the Life insurance program. Additional appropriation is needed due to higher than projected life premium and labor negotiation changes.

In February 2006, $1.18 million was appropriated to Standard Insurance; however, to date premium costs have exceeded $951,062.00 thereby necessitating addition appropriation to meet anticipated annual expenses. Total projected expense is $1.27 million, year to date $1.18 million has been appropriated, and therefore an additional $90,000 is needed. The additional appropriation and modification of contract does not require additional cash funding. Cash funding is available in the total Employee Benefits Fund from all insurance subfunds.

Contract compliance number: 93-0242990

FISCAL IMPACT: No fiscal impact; funding is available to modify and extend contract with Standard Insurance, to increase the maximum obligation liability, and to authorize the expenditure of $90,000 for Standard Insurance through January 31, 2007, and to provide additional appropriations for life insurance premium expenses. Funding is available for this modification in the Employee Benefits Fund. This ordinance is an emergency measure to ensure insurance coverage as negotiated by union contracts.

To authorize the City Auditor to appropriate $90,000 from within the unappropriated balance of the Employee Benefits Fund; to authorize the Human Resources Director to modify and extend the contract with Standard Insurance to provide all employees with life insurance coverage through January 31, 2007, and to authorize the expenditure of $90,000 from the Employee Benefits Fund, or so much thereof as may be necessary to pay the costs of said contract; and to declare an emergency. ($90,000.00)
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