Columbus, Georgia

Georgia's First Consolidated Government

Post Office Box 1340
Columbus, Georgia, 31902-1340
(706) 653-4013
fax (706) 653-4016

Council Members

AN ORDINANCE



NO ___________





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

fiscal year beginning July 1, 2016:





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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 evaluated the Death Benefit Escrow Plan and

the investment return assumption of 7% per annum, and thus determined that the

amount of $447,737 is required to fund the Plan for fiscal year ending June 30,

2017. The amount to be prorated among the Consolidated Government of Columbus,

Georgia (includes Keep Columbus Beautiful Commission), the Columbus Board of

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

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

for the previous fiscal year is as follows: Consolidated Government, 79.75% or

$357,070 (includes Keep Columbus Beautiful Commission, 0.06% or $269); Columbus

Board of Water Commissioners, 7.73% or $34,610; Hospital Authority of Columbus,

11.72% or $52,475, and the Columbus Airport Commission, 0.80% or $3,582.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following contributions for

fiscal year 2017 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 $ 357,070

Columbus Board of Water Commissioners $ 34,610

Hospital Authority of Columbus $ 52,475

Columbus Airport Commission $ 3,582



_______________________



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

7th day of June, 2016; introduced a second time at a regular meeting of said

Council held on the _____ day of June, 2016, 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 Garrett voting____________.

Councilor Henderson voting________.

Councilor Huff voting______________.

Councilor Pugh voting______________.

Councilor Thomas voting___________.

Councilor Woodson voting__________.





___________________________________

______________________________________

TINY B. WASHINGTON, CLERK TERESA PIKE TOMLINSON, MAYOR

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