86-7228R2
RESOLUTION N0. 722$
RESOLUTION CLARIFYING CITY FUND TO BE
USED FOR SELF-INSURANCE
WHEREAS, the City of Richfield, Minnesota has previously
authorized the City to self insure for workers' compensation,
unemployment compensation, dental insurance, and liability for
those amounts not covered by the League of Minnesota Cities
Insurance Trust;
WHEREAS, the Resolutions authorizing self-insurance of the
above matters have stated that such self-insurance matters should
be accounted for through the Trust and Agency Fund;
WHEREAS, the actual practice of the City is to account for
such matters through the Internal Service Fund, which has
previously been created pursuant to City Charter Section 7.12,
Subd. 5;
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield, Minnesota that the City Manager is authorized
to administer and account for all City self-insurance matters
through the Internal Service Fund and ratifies the past practice
of using the Internal Service Fund for self-insurance matters.
Passed by the City Council of the City of Richfield this.
22nd day of September, 1986. ;~ /~/
n Ha~rr~'iltbri Mayor
ATTEST:
~~~~ ~~
Thomas P. Ferber City Clerk