| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 7/22/2019
Department: HR
Department Head: Shanté Akafia
Agenda Coordinator: Vernie Rambo |
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CAPTION
To approve the purchase of Long Term Disability Insurance for an additional three (3) months through December 31, 2019 for Human Resources in the estimated amount of $50,000 from Standard Insurance Company through an existing contract; and authorizing the City Manager to execute all necessary documents. (Public Employee Benefits Alliance (PEBA)) Approved |
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FINANCIAL SUMMARY Operating Expense
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| FISCAL YEAR: 2019-20 |
Prior Year
(CIP Only) |
Current
Year
|
Future
Years
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TOTALS |
| Budget |
0 |
0 |
50,000 |
50,000 |
| Encumbered/Expended Amount |
0 |
0 |
0 |
0 |
| This Item |
0 |
0 |
-50,000 |
-50,000 |
| Balance |
0 |
0 |
0 |
0 |
FUND(S): Various
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COMMENTS: This item approves a contract extension to provide Long Term Disability Insurance coverage for City employees. The estimated future cost for FY 2019-20 is $50,000. The term of the contract will be through its expiration on 12/31/2019. |
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SUMMARY OF ITEM
The City is authorized to purchase from a cooperative purchasing program with another local government or a local cooperative organization pursuant to Chapter 271 Subchapter F of the Texas Local Government Code and by doing so satisfies any State Law requiring local governments to seek competitive bids for items. (Public Employee Benefits Alliance (PEBA) contract and City of Plano Internal Contract No. 2018-0214-I)
See Recommendation Memo
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
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