Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Village Finance topic
No spam. Unsubscribe anytime.
Holiday Hills board approves single payment of annual insurance premium
Summary
Trustees approved paying the village's annual insurance in a single payment to avoid higher installment costs; the one-time premium cited was $19,406.49 and the installment option would cost $19,601.00.
The Village of Holiday Hills voted to pay its 2024–25 annual insurance premium in a single payment to avoid the higher installment price. Trustee Mickey Brown presented account balances and explained the full-payment option would cost $19,406.49, while spreading the bill into installments would raise the total to $19,601.00.
"Part of the discussion was about the breakdown of categories, among them being the workers compensation portion of almost $9,000.00 for the Police Department," Trustee Brown said during discussion. The board approved the motion to pay the premium in one payment; the motion passed unanimously at the Oct. 16 meeting.
