HomeMy WebLinkAboutResolution 41, 2021CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 41 Series of 2021
TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2021 GENERAL FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $33,534 FOR THE 2020 WORKERS’
COMPENSATION PREMIUM ADJUSTMENT
WHEREAS, employee safety and responsible risk mitigation strategies are important to the City; and
WHEREAS, Colorado employers are required to carry workers’ compensation insurance if they have one or more employees; and
WHEREAS, Pinnacol Assurance became the City’s workers’ compensation
provider in 2020; and
WHEREAS, the audit of the 2020 premium has resulted in an increased premium due to the reassignment of workers to proper insurance codes and underestimating of the 2020 payroll.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge, Colorado, as follows:
A transfer of $33,534 is hereby approved from the General Fund undesignated
reserves to account 01-610-600-621
DONE AND RESOLVED this 23rd day of August 2021.
Bud Starker, Mayor ATTEST:
Steve Kirkpatrick, City Clerk