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DATE: April 1, 1987 <br />00 <br />SUBJECT: Replenishment of Contingency Fund '.,,. .:L;•r' <br />TO: Richard P. Johnson <br />Blaine City Manager <br />,Donald. F.,,P•aruley,_^_ <br />.Mounds'.View,Clerk/Administrator, <br />Donald B. Busch <br />Spring Lake Park Clerk/Treasurer <br />FROM: Ron Fagersttom ������ <br />Fire Chief GJ'1 <br />Attached hereto is a hill for replenishing our Contingency Fund per the <br />amount listed on page four of our December 31, 1986 Financial Statements <br />($I1,364). Also attached is a copy of the breakdown showing the amount <br />for each city per the distribution formula set down in our contracts. <br />We have just awarded the bid for insurance coverage for April 1, 1987 to <br />April 1, 1988, and are required to pay the full premium on the Workers <br />Compensation coverage in one lump sum as well as one -quarter of the <br />premium for all other coverage.. Hence the need for the additional funds <br />at thin time. <br />RF/jA <br />Attachments 3 <br />