HomeMy WebLinkAboutORD 2017-088 ORDINANCE NO. 2017-088
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS; APPROPRIATING $1,569,991.00
AND INCREASING ESTIMATED RECEIPTS IN THE
GENERAL FUND FOR FISCAL YEAR 2017; DECLARING
AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City's Stop Loss Program is in place to protect against excessive
healthcare claims by limiting the amount of risk on any one individual; and
WHEREAS, the City exceeded its health insurance claims budget for active
employees and pre-65 retirees due to an unexpected number of claims; and
WHEREAS, the City collected reimbursements from the Stop Loss Program on
health claims in excess of the specific and aggregate deductibles in the amount of
$1,569,991.00; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this ordinance is in the best
interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That all matters stated herein above are true and correct and are
incorporated herein by reference as if copied in their entirety.
Section 2. That the City Council hereby appropriates the funding from the Fiscal
Year 2017 unappropriated fund balance.
Section 3. That the City Council hereby authorizes an amount of$1,569,991.00
to be appropriated to account 100-45664-109-001.
Section 4. That this ordinance shall take effect immediately upon passage by
the City Council of the City of Grapevine, Texas.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 19th day of December, 2017.
APPROVED:
William D. Tate
Mayor
ATTEST:
G R A P C--
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Tara Brooks ?� /1c.
City Secretary
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APPROVED AS TO FORM:
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Ordinance No. 2017-088 2