HomeMy WebLinkAboutDocumentation_Regular_Tab 16I1_4/13/2000 Village of Tequesta
Memo x
To: Thomas G. Bradford, Village Manager
From: Connie Holloman, Finance Director �V`ip
CC: Thomas G. Bradford, Village Manager
Date: April 7, 2000
Re: Chapter 11 Filing of Governmental Risk Insurance Trust
After reviewing the situation regarding the bankruptcy of Governmental Risk Insurance Trust "GRIT",
our former workers' compensation carrier, I would like to recommend the establishment of an account
in General Fund to record the expenditures for claims and legal expenses. A source of funds for this
account would be the Disaster Emergency Relief designated fund balance in General Fund. This
designation has a balance of$50,000, and I would recommend appropriating the entire balance to the
new account.