Tax Loss Compensation Fund Statements

Res #: 1-08A
Number: 1
Year: 2008
Midterm: No
Expired: Yes
Responses Received: No
Departments: Matters Pertaining to SARM

Resolution No. 1 – 08A
Tax Loss Compensation

WHEREAS public accountability and transparency is very important for all levels of government and their corporate bodies; and

WHEREAS the tax loss compensation funds are in trust to SARM but are actually a municipality’s funds;

BE IT RESOLVED that SARM prepare an account statement similar to the SARM Liability Self-Insurance Plan statement for each municipality detailing funds in the tax loss compensation trust fund on a yearly basis.