Columbus, Georgia

AN ORDINANCE



NO ___________



An Ordinance providing for government funding of a Death Benefit Escrow Fund

for the fiscal year beginning July 1, 2005.





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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 changed the investment return assumption to 7.00% annum and thus determined

that the amount of $ 151,029 is required to fund the Plan in fiscal year

beginning July 1, 2005. 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 fiscal

year is as follows: Consolidated Government, 86.95 % - $131,321; Columbus Board

of Water Commissioners, 7.50 % - $ 11,327; Hospital Authority of Columbus, 4.58

% - $ 6,917 and Columbus Airport Commission, .9689 % - $ 1,463.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following contributions for

fiscal year 2006 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 $ 131,321.45

Columbus Board of Water Commissioners $ 11,327.33

Hospital Authority of Columbus $ 6,917.22

Columbus Airport Commission $ 1,463.34



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

____th day of June, 2005; introduced a second time at a regular meeting of said

Council held on the _____th day of June, 2005, an adopted at said meeting by

the affirmative vote of _____ members of said Council.



Councilor Allen Voting __________

Councilor Anthony Voting __________

Councilor Davis Voting __________

Councilor Henderson Voting __________

Councilor Hunter Voting __________

Councilor McDaniel Voting __________

Councilor Rodgers Voting _

Councilor Suber Voting __________

Councilor Pugh Voting __________

Councilor Woodson Voting __________





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Tiny B. Washington, Clerk Robert S. Poydasheff, Mayor