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DATE: <br />Aprt1 4, 1986 <br />SUBJECT: <br />Contingency Fund <br />TO: <br />Richard P. Johnson <br />Rhine City Mduager <br />e16onald F. Pauley <br />Mounds View Clerk/Administrator <br />Donald B. Busch <br />Spring Lake Park Clerk/Treasurer <br />FROM: <br />Ron Fagrrstros co <br />Fire Chief <br />Because of the sizeable increase In ln,urance premiums over what was <br />anticipated, we will nerd the balance due to the Contingency Fund of $8,479. <br />the three items that are caustng the increase are as follows: <br />Policy <br />Premium <br />Umbrella Liability <br />$ 9,000 <br />Commercial Package <br />28,000 <br />Workers Compensatton <br />41,349 <br />TOTAL <br />$7L,249 <br />Budgeted for these items <br />55,358 <br />Amount exceeding budget <br />$22,991 <br />Further, the down payment requited fe $33,424 - hence our need for the <br />remainder due the Contingeney Fund. Enclosed herewith Is each city's <br />respective billing for their share of the $8,479. <br />RF/js <br />Enclosure I <br />