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File #: 13-0024    Version: 1
Type: Agenda Item Status: Adopted
File created: 1/9/2013 In control: Finance Committee
On agenda: 1/17/2013 Final action: 1/17/2013
Title: Authority to Transfer $20,000,000.00 from the Corporate Fund to the Metropolitan Water Reclamation District Retiree Health Care Trust (101-25000-601250)
TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 17, 2013
 
COMMITTEE ON FINANCE
 
Mr. David St. Pierre, Executive Director
 
Title
Authority to Transfer $20,000,000.00 from the Corporate Fund to the Metropolitan Water Reclamation District Retiree Health Care Trust (101-25000-601250)
Body
 
Dear Sir:
 
The Retiree Health Care Trust Agreement provides the vehicle for advance funding of the District's retiree health care liability. The 2013 District Budget provides for $20,000,000.00 of such funding to be made from the Corporate Fund. This $20,000,000.00 advance funding contribution was approved by the Board of Commissioners at meetings on December 13, 2012 and December 20, 2012.
 
Accordingly, it is requested that authority be granted by the Board of Commissioners to transfer $20,000,000.00 from the Corporate Fund to the Metropolitan Water Reclamation District Retiree Health Care Trust.
 
Requested, Mary Ann Boyle, Treasurer, MAB:st
Respectfully Submitted, Mariyana T. Spyropoulos, Chairman Committee on Finance
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for January 17, 2013