Title
Ordinance Amending General Risk Retention Fund Budget in the amount of $3,161,000
Body
Department: Financial & Administrative Services
Council District: All
Public Hearing: No
Advertising Date/By: N/A
Contact 1 and Phone: Tom Carruthers, City Attorney 373-2320
Contact 2 and Phone: Richard Lusk, Finance Director 373-2077
PURPOSE:
To amend the FY 16-17 General Risk Retention Fund budget, in the amount of $3,161,000 for Law Enforcement liability payments.
BACKGROUND:
On October 21, 2016, City Council approved the settlement of a Law Enforcement related claim.
BUDGET IMPACT:
The City will use its excess liability reserves that will be replenished in future years.
RECOMMENDATION / ACTION REQUESTED:
The Finance and Legal Departments request City Council approval of the attached budget ordinance amending the FY 16-17 General Risk Retention Fund budget, in the amount of $3,161,000.