Columbus, Georgia

AN ORDINANCE



NO ___________



An Ordinance providing for Government funding of a Death Benefit Escrow for the

fiscal year beginning July 1, 2002:



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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia

provided a Death Benefit Escrow Fund for employees; and



WHEREAS, Actuarial Consultants have reevaluated the Death Benefit Escrow Plan

and have determined that the amount of $ 50,380 is required to fund the Plan in

the fiscal year beginning July 1, 2002. The amount to be prorated among the

Consolidated Government of Columbus, Georgia, the Columbus Board of Water

Commissioners, the Hospital Authority of Columbus, and the Columbus Airport

Commission based on actual earnings of the active participants in the Plan for

the previous calendar year is as follows: Consolidated Government, 88% - $

44,334; Columbus Board of Water Commissioners, 7% - $ 3,527; Hospital Authority

of Columbus, 4% - $ 2,015 and Columbus Airport Commission, 1% - $504.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following contributions for

fiscal year 2003 to the Finance Director of the Consolidated Government as

their prorata share of the cost of the Death Benefit Escrow Fund by July 15th:



Consolidated Government $ 44,334

Columbus Board of Water Commissioners $ 3,527

Hospital Authority of Columbus $ 2,015

Columbus Airport Commission $ 504



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Introduced at a regular meeting of the Council of Columbus, Georgia, held the

____th day of June, 2002; introduced a second time at a regular meeting of said

Council held on the _____th day of June, 2002, an adopted at said meeting by

the affirmative vote of _____ members of said Council.



Councilor Allen Voting __________

Councilor Henderson Voting __________

Councilor Hunter Voting __________

Councilor McDaniel Voting __________

Councilor Poydasheff Voting __________

Councilor Rodgers Voting __________

Councilor Smith Voting __________

Councilor Suber Voting __________

Councilor Pugh Voting __________

Councilor Woodson Voting __________





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Tiny B. Washington, Clerk Bobby G. Peters, Mayor