Resolution WC-010

RESOLUTION NO. WC-010 
 
A 
RESOLUTION 
OF 
THE 
CITY 
OF 
CHANDLER 
WORKERS’ 
COMPENSATION 
AND 
EMPLOYER 
LIABILITY 
TRUST 
BOARD 
RECOMMENDING WORKERS’ COMPENSATION CONTRIBUTION AND 
RESERVE LEVEL FOR FISCAL YEAR 2023-24 
 
WHEREAS, the City of Chandler Workers’ Compensation and Employer Liability Trust 
Fund (“the Fund”) was created by the City of Chandler through Ordinance No. 4415, 
adopting City Code § 2-16 et seq., on December 10, 2012; and 
 
WHEREAS, City Code § 2-16.3, established the City of Chandler Workers’ 
Compensation and Employer Liability Trust Fund Board (“the Board”); and 
 
WHEREAS, City Code § 2-16.4(a)(2), provides that the Board shall provide financial 
oversight by evaluating claim expenses and reserve amounts; and 
 
WHEREAS, the Chandler Workers’ Compensation and Employer Liability Trust (the 
Trust”) was established by the Chandler Workers’ Compensation and Employer 
Liability Trust Document (“the Trust Document”) authorized and approved by the City 
of Chandler through Resolution No. 4658, adopted on January 24, 2013, and 
amended by Resolution No. 4835, passed and adopted on February 26, 2015; and 
 
WHEREAS, Article IV, Section 4.03(d), of the Trust Document provides that the Board 
shall have the authority and responsibility to determine the appropriate amount of 
Funds that the Trust should hold as Restricted Reserve, provided that the Restricted 
Reserve shall be no less than the minimum (or nominal) amount recommended and 
attested by the actuary engaged by the Council to provide services to the Trust. The 
actuarial report as of June 30, 2022 notes that the actuarial central (nominal) estimate 
represents the expected value over the range of reasonably possible outcomes (as 
opposed to all conceivable outcomes); and 
 
WHEREAS,  Article V, Section 5.01(a), of the Trust Document provides that the Board 
shall make an annual recommendation to the City Council of funds anticipated to be 
needed for the following fiscal year to fulfill the needs and purposes of the Trust.  
The Council shall make an appropriation of funds to the Trust as part of the annual 
City budget; and

Resolution No. WC-010 
Page 2 
 
WHEREAS, the Board has determined that the current ongoing Workers’ 
Compensation contribution from the City of $4,383,700 plus the General Fund 
existing contribution to fund the Municipal Firefighter Cancer Reimbursement Fund 
expense of $676,400 for a total of $5,060,100 is sufficient to fund the expenditure 
requirements. 
 
NOW THEREFORE, BE IT RESOLVED that the City of Chandler Workers’ 
Compensation and Employer Liability Trust Board hereby recommends that the 
current ongoing Workers’ Compensation contribution from the City of $5,060,100 
remains unchanged for FY 2023-24. 
 
PASSED AND ADOPTED by the City of Chandler Workers’ Compensation and 
Employer Liability Trust Board on this 2nd day of February, 2023. 
 
 
________________________________ 
Chairperson 
City of Chandler Workers’ Compensation and Employer Liability Trust Board 
 
 
 
 
Attest: 
 
________________________________ 
City Clerk 
 
 
 
Approved As To Form: 
 
________________________________ 
City Attorney