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HomeMy WebLinkAbout1979-2311 ORDINANCE NO. .23j1 AN ORDINANCE relating to funds and accounts; creating an "Employee Health Benefit Claim Fund" and an "Employee Health Benefit Reserve Fund", declaring the purposes there- of, specifying the source of funds thereto and pro- 111 viding for expenditures therefrom; enacting Chapter 3.09, "Employee Health Benefit Claim Fund", and Chapter 3.10, "Employee Health Benefit Reserve Fund", and various sections thereof, as new chapters and new sections of the City of Yakima Municipal Code. BE IT ORDAINED. BY THE CITY OF YAKIMA: Section 1. Chapter 3.09, "Employee Health Benefit Claim Fund", and Sections 3.09.010, 3.09.020 and 3.09.030 thereof, are hereby enacted as a new chapter and new sections of the City of Yakima 111 Municipal Code to read as follows: "Chapter 3.09 EMPLOYEE HEALTH BENEFIT CLAIM FUND 3.09.010 Fund created--Purpose. There is hereby created a fund to be known as the 'Employee. Health Benefit Claim Fund', into which fund there shall be placed from time to time such amounts of money from the 'Employee Health Benefit Reserve Fund' as the City Treasurer determines from time to time to be necessary to pay allowable medical and dental costs incurred by persons covered by the City's Employee Health Benefit Plan. 3.09.020 Source of funds. The source of funds for the Employee Health Benefit Claim Fund shall consist only of money transferred thereto from the Employee Health Benefit Reserve Fund. 3.09.030 Expenditures. Expenditures may be made 41, from the Employee Health Benefit Claim Fund by warrants drawn against such fund by the Great West Life Assurance Company only for the purposes specified in Section 3.09.010 of this chapter; provided, that the signature of the City Director of Finance shall be also required on any single warrant for an amount in excess of $5,000; provided, further, that if during any calendar month the total of all warrants drawn against the fund exceeds the sum of $30,000, then the signature of the City Director of Finance shall be also required on all warrants for expenditures made during that month in excess of that cumulative monthly amount." Section 2. Chapter 3.10 "Employee Health Benefit Reserve Fund", and Sections 3.10.010, 3.10.020 and 3.10.030 thereof, are hereby 41V enacted as a new chapter and new sections of the City of Yakima Municipal Code to read as follows: 411 "Chapter 3.10 EMPLOYEE HEALTH BENEFIT RESERVE FUND 3.10.010 Fund created--Purpose. There is here- by created a fund to be known as the Employee Health Benefit Reserve Fund. The purpose of such fund shall be for the transfer of money from that fund to the Employee Health Benefit Claim Fund in order to pay medical and dental costs incurred by persons covered by the Employee Health Benefit Plan of the City, and to pay expenses incurred in connection with administer- ing that plan. 3.10.020 Source of funds. A. All money to be refunded to the City by the Great West Life Assurance Company on account of the termination of insurance policies existing on the effective date of this chapter with that company shall be deposited in the Employee Health Benefit Reserve Fund. B. All money to be applied to pay for the bene- fits to employees covered by the Employee Health Benefit Plan, and to otherwise finance the administration of that plan, whether that money be paid directly by the City or deducted from employees' salaries or wages, shall be deposited in the Employee Health Benefit Reserve Fund. C. Money designated by the City Council from any other available source for the purpose of paying for benefits under, or financing the administration of, the Employee Health Benefit Plan also shall be deposited in the Employee Health Benefit Reserve Fund. 3.10.030 Expenditures. No expenditure shall be made from the Employee Health Benefit Reserve Fund unless the City Council shall approve such expenditure by enact- ing an ordinance appropriating money within that fund for the purpose for which the expenditure is to be made, or by including an appropriation for such purpose in the budget." Section 3. This ordinance shall be in full force and effect thirty days after its passage, approval and publication as provided by law and by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this .24 day of 1979. ATTEST: _ . City i_erk -2-