TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 5, 2008
COMMITTEE ON PURCHASING
Mr. Richard Lanyon, General Superintendent
Title
Authorization to amend Board Order of April 17, 2008, award of contract to Life Insurance Company of North America, a subsidiary of CIGNA, revised budgetary coding and breakdown of expenditures for 2008, 2009, 2010 and 2011, Accounts 101-25000-601250, 201-50000-601250, 401-50000-601250, 501-50000-601250, Requisition 1241089
Body
Dear Sir:
On April 17, 2008, the Purchasing Agent made a recommendation to award a contract to Life Insurance Company of North America, a subsidiary of CIGNA, to provide Group Term Life Insurance for Metropolitan Water Reclamation District employees in an amount not to exceed $291,888.00 for a three-year period, Agenda Item 3-c.
The budgetary coding used for this contract when awarded was Accounts 101-25000-601250, 201-25000-601250, 401-25000-601250, 501-25000-601250. The District expenditure breakdown for basic life insurance for this contract for 2008, 2009, 2010, and 2011 was $48,648.00, $97,296.00, $97,296.00 and $48,648.00, respectively.
It was determined at a later date that the correct budget coding should have been Accounts 101-25000-601250, 201-50000-601250, 401-50000-601250, 501-50000-601250. In addition, the estimated District expenditure for basic life insurance for 2008, 2009, 2010, and 2011 should have been $65,674.80, $90,485.28, $90,485.28 and $45,242.64, respectively. Authorization is therefore requested to amend the aforesaid Board Order of April 17, 2008 by changing the budgetary coding and estimated expenditures.
The total award value of the contract remains unchanged in the amount of $291,888.00.
Requested, Patrick J. Foley, Director of Personnel, DAL:PJF:JPD
Recommended, Darlene A. LoCascio, Purchasing Agent
Respectfully Submitted, Barbara J. McGowan, Chairman Committee on Purchasing
ORDERED passed by affirmative roll call vote of a majority of the Commissioners present this June 5, 2008. Approved, President Terrence J. O’Brien