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NORTH CAROLINA ASSOCIATION OF COUNTY COMMISSIONERS ,. ALBERT COATES LOCAL GOVERNMENT CENTER · 215 NORTH DAWSON SI P.O. BOX 1488, RALEIGH. NORTH CAROLINA 27602-1488 · TELEPHONE 919183z-z~=,~ April 27, 1988 Mr. James W. Lentz, Chairman Cabarrus County Board of Commissioners P.O. Box 664 Concord, NC 28025 DearS: At its meeting on February 9, 1988, the Fund's Board of Trustees declared a total dividend of $700,000 for fiscal years 1983-84, 1985-86, and 1986-87, to be distributed to participants of the Association-sponsored workers' Compensation self-Insurance Fund~ As a result of your participation during fiscal years 1983-84, 1985-86, and 1986-87, enclosed with your finance Officer's copy of this letter is a check made payable to Cabarrus County in the amount of $14,954.15. Explanation of each dividend is as follows: 1983-84 - The Trustees declared a total dividend amount of $109,423 to be proportionally distributed among fiscal year 1983-84 participants. The portion of the enclosed check for fiscal year 1983-84 is $2,729.23. 1985-86 - The Trustees declared a total dividend amount of $57,704.50 to be proportionally distributed among fiscal year ].985-86 participants. The portion of the enclosed check for fiscal year 1985-86 is $1,144.82. 1986-87 - The Trustees declared a total dividend amount of $532.8~2.50 to be proportionally distributed am6ng fiscal year 1986-87 participants. The portion of the enclosed check for fiscal year 1986-87 is $11,080.10. Please note that the enclosed check is for the combined total due Cabarrus County for the three years noted above. If there is not a dollar amount ($0) for one of the years, this indicates that your governmental entity did not participate during that particular year. The statewide total of the dividends returned %his year to all participating counties and entities is $700,000. The total amount returned to participants since the inception of %he program in 1981 is now over $2.7 million dollars.