477L-
RESOLUTION No.477
WHEREAS,an audit of insurance coverage revealed that the premium pertaining
to the Library was based on the square footage of the old Library Building,and
WHEREAS,the cost of false arrest was increased due to the fact that the agent
was required to insure with a special risk company,and
WHEREAS,the audit revealed several factors which increased the total premium,and
WHEREAS,the audit was performed after the adoption of the 1969 budget and these
increases could not have been forseen at the time of adoption of the 1969 budget,
and
WHEREAS,there is an unappropriated surplus within the fund balances as of
January 1,1969
NOW,THEREFORE:BE IT RESOLVED that the 1969 budget Maintenance and
Operation Classification be increased as follows:
REVENUES
General Fund
1010 Balance $1,187
Library Fund
2010 Balance 118
EXPENDITURES
General Fund
Administrative,Legislative,Finance
101.112 Insurance and Bonds 452
Police
121.112 Insurance and Bonds 585
Fire
122.112 Insurance and Bonds 150
Library
2 03 .112 Insurance and Bonds 118
PASSED by the City Council and APPROVED by its Mayor this 25th day of
February,1969.
APPROVED AS TO FORM:
C^City Attorney
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ATTEST: