Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Process A Payment For A Not To Exceed Amount Of $59,980.57 To The Florida Department Of Financial Services For Self-Insurer Assessments For Fiscal Year 2016.
Body
Staff Recommends: Approval of the attached Resolution
Explanation:
The City of Hollywood (the “City”) is certified by the State of Florida as a workers’ compensation self-insurer and as a certified self-insurer the City is subject to annual assessments by the Special Disability Trust Fund and the Workers’ Compensation Administration Trust Fund. Each year the Legislature specifies the rate of assessment for each fund with the assessments being based on various factors including payroll and loss experience that are reported annually by the City to the State of Florida.
The total assessment for Fiscal Year 2016 is $59,980.57, which will be paid in four installments throughout the fiscal year.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
George Keller, Assistant City Manager of Finance and Administration
Raquel Elejabarrieta, Director, Labor Relations