Joint Training Fund. Whereas as of July 1, 2007 the Union solely administered a training fund for which contributions were collected in the amount of seven cents ($0.07) per hour worked. Said fund was used to offset apprenticeship expenses and reimburse contractor safety training approved by the Union.
Joint Training Fund. In addition to the per hour wage rate, the Employer shall contribute thirty- five cents (.35) per hour for each actual hour worked by each employee covered by this Agreement to xxx XXXXXXXXXX’ JOINT TRAINING FUND OF ST. XXXXX (JTF). The Employer shall pay the JTF contribution when fringe benefit estamps are purchased. The reporting, payment and administration of such contributions shall be governed by the terms of the Trust Agreement under which the JTF is established and administered. Delinquency Penalties
Joint Training Fund. The fund accounts for the operations of a joint operational and EMS training services and administration program among the fire agencies of Belmont, Millbrae, San Bruno, San Mateo, Xxxxxx City and the Central County Fire Department. The agencies continue to explore ways to cost effectively implement required training on a regional basis thereby reducing program costs to the individual cities. As of June 30, 2012, the Fund has fund balance in the amount of $117,408. Capital Projects Fund In 2011, the partner cities appropriated funding of $245,000 to replace the Department’s aging radio infrastructure. $93,007 was expended through year end; the remainder is projected to be spent the following year. A federal grant in the amount of $47,495 received in 2012 paid for replacement of fire hoses. Proprietary Fund – Internal Service Fund The Department is self-insured for workers compensation and dental programs accounted in an Internal Service Fund. The Department started funding the workers compensation program at the 60% confidence level, administered by a third-party administrator and obtaining additional insurance in excess of $250,000 up to $5 million. Dental premiums are adopted based on current commercial rates. At year- end, the fund has net assets in the amount of $282,280 - $43,730 for the dental program and $238,550 for the workers compensation program.
