AN ORDINANCE
NO ___________


An Ordinance providing for Government funding of a Death Benefit Escrow for the fiscal year beginning July 1, 2014:

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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia provided a Death Benefit Escrow Fund for employees;

WHEREAS, Actuarial Consultants have evaluated the Death Benefit Escrow Plan and the assumed investment return of 7% per annum thus determined that the amount of $404,161 is required to fund the Plan for fiscal year ending June 30, 2015. The amount to be prorated among the Consolidated Government of Columbus, Georgia, the Columbus Board of Water Commissioners, the Hospital Authority of Columbus, the Columbus Airport Commission and Keep Columbus Beautiful Commission based on actual earnings of the active participants in the Plan for the previous fiscal year is as follows: Consolidated Government, $342,042; Columbus Board of Water Commissioners, $36,374; Hospital Authority of Columbus, $22,188 and Columbus Airport Commission, $3,557.

NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:

That the following named agencies shall make the following contributions for fiscal year 2015 to the Finance Director of the Consolidated Government as their prorated share of the cost of the Death Benefit Escrow Fund by July 15th:

Consolidated Government $ 342,042
Columbus Board of Water Commissioners $ 36,374
Hospital Authority of Columbus $ 22,188
Columbus Airport Commission $ 3,557

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Introduced at a regular meeting of the Council of Columbus, Georgia, held the 17th day of June, 2014; introduced a second time at a special meeting of said Council held on the _________ day of June, 2014, an adopted at said meeting by the affirmative vote of _____ members of said Council.

Councilor Allen Voting__________
Councilor Baker Voting__________
Councilor Barnes Voting_________
Councilor Davis Voting__________
Councilor Henderson Voting______
Councilor Huff Voting___________
Councilor McDaniel Voting_______
Councilor Pugh Voting___________
Councilor Thomas Voting_________
Councilor Woodson Voting________


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SANDRA T. DAVIS, DEPUTY CLERK TERESA PIKE TOMLINSON, MAYOR