TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 20, 2022
COMMITTEE ON FINANCE
Mr. Brian A. Perkovich, Executive Director
Title
Authority to Transfer $5,000,000.00 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 2022 District Budget provides for $5,000,000.00 of such funding to be made from the Corporate Fund. This $5,000,000.00 advance funding contribution was approved by the Board of Commissioners at its meetings on December 9, 2021, and December 16, 2021.
Accordingly, it is requested that authority be granted by the Board of Commissioners to transfer $5,000,000.00 from the Corporate Fund to the Metropolitan Water Reclamation District Retiree Health Care Trust.
Requested, Mary Ann Boyle, Treasurer, MAB
Respectfully Submitted, Marcelino Garcia, 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 20, 2022