Margate City Board of Education Agenda Other Matters 2026-06-10
Board directs return of JIF surplus funds
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Description
The Margate City Board of Education approved a resolution directing that its net returned surplus funds held in trust by the Atlantic & Cape May Counties Association of School Business Officials Joint Insurance Fund for fiscal year 2019–2020 be returned in full to the board. The item relates to distribution of prior-year insurance surplus, not a new insurance purchase.
Contract Details
Vendor
ATLANTIC & CAPE MAY COUNTIES ASSOCIATION OF SCHOOL BUSINESS OFFICIALS JIF
Agency
Margate City School District, NJ
Contract Type
INSURANCE
Document Date
June 10, 2026
Contract Term
Fund Fiscal Year July 1, 2019 to June 30, 2020
Renewal Date
2020-06-30
Renewal Info
Action pertains to surplus from the 2019–2020 JIF coverage year; any ongoing insurance participation would be governed by separate agreements.
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