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HomeMy Public PortalAbout03068 O R D I N A N C E NO. 3068 AN ORDINANCE, appropriating Seventeen Thousand Forty-nine Dollars ($17,049.00) from the Employees' Group Insurance Refund Deposit (Account Number 1-3038) of the General Fund to the Personnel Department for the additional sums needed for the payment for the portion of the premium for the District's Employee Benefit Group Insurance coverage from March 1, 1976 to June 1, 1976. WHEREAS, the Lincoln National Life Insurance Company, carrier of the District's Employee Group Medical Insurance, was paid $34.79 per month for each employee with dependent coverage during the period from March 1, 1976 to June 1, 1976; and WHEREAS, the monthly premium for this period should have been $48.71 for dependent coverage, resulting in an underpayment totaling $17,049.00; and WHEREAS, in Account Number 1-3038 (Employees' Group Insurance Refund Deposit) of the General Fund, there exists an amount sufficient to fund this dependent coverage premium, and which amount was received as a refund from the General American Life Insurance Company as money which had been contributed both by employees and the District for dependent medical insurance premiums, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Seventeen Thousand Forty-nine Dollars ($17,049.00) is hereby appropriated from the Employees' Group Insurance Refund Deposit (Account Number 1-3038) of the General Fund to the Personnel Department for the additional sums needed for the payment for the portion of the premium for the District's Employee Benefit Group Insurance coverage from March 1, 1976 to June 1, 1976. Section Two. This ordinance, being an appropriation ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted May 26, 1976.