Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Council renews insurance policies, reviews financial reports and schedules use‑tax presentation
Summary
Ladue approved one‑year renewals for Property & Casualty (Travelers) and Workers' Compensation (Missouri Employers Mutual); the council filed May financial reports, approved May vouchers, authorized use of donated funds to remodel police report‑writing space, and scheduled a formal use‑tax presentation for July.
The Ladue City Council voted June 16 to renew the city’s Property & Casualty insurance with Travelers and the Workers’ Compensation policy with Missouri Employers Mutual for one year.
Director of Finance Nic Wigglesworth told the council the Travelers renewal reflected an 8.1% increase, which he said was within the 10% increase budgeted for 2025 and consistent with market trends and prior claim history. Council Member Stacey Kamps suggested staff consider adding or increasing terrorism coverage during the next renewal cycle. Council Member William Brennan moved approval of the Travelers renewal; Council Member Tim Kaufmann seconded the motion and the minutes record unanimous approval. Brennan also moved approval of the Workers’ Compensation renewal; the motion passed unanimously after a second by Kamps.
The council reviewed and ordered filed the May 2025 financial reports (Significant Items in the Financial Report, Collector’s Report, Treasurer’s Report, Cash Flow Summary, Delinquent Real Estate Tax Report, and Investment Report) and approved vouchers for payment for May 2025. The minutes record the mayor ordering these reports filed and a motion by Council Member Hensley (recorded in the minutes) to enter closed session during the meeting for litigation matters. The council also approved the use of donated funds to remodel the police report‑writing room and lieutenant workspaces.
Finance Director Nic Wigglesworth announced a formal presentation on the use tax will be provided at the July City Council meeting.
Separately, a resolution authorizing the Finance Director to write off certain uncollectable real estate taxes from 2004–2008 totaling $5,498.93 was listed on the agenda and continued by motion to a later meeting; the minutes record the continuation but no vote on that write‑off at this meeting.
