R-2019-0442 - 11/14/2019 RESOLUTION NO. R-2019-0442
WHEREAS, the City Council has previously adopted the 2018-2019 Self-Funded Health
Insurance Budget, and
WHEREAS, the City Council wishes to amend said budget in accordance with the
attached proposal,Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 2018-2019 Self-Funded Health Insurance Budget is amended as set forth in
Exhibit"A" attached hereto and incorporated herein.
The City Council hereby finds and declares that written notice of the date, hour, place
and subject of the meeting at which this Resolution was adopted was posted and that such
meeting was open to the public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted upon, all as required by
the Open Meetings Act, Chapter 551, Texas Govermnent Code, as amended.
RESOLVED this 14th day of November, 2019.
`City
of Round Rock, Texas
ATTEST:
J
<itw
L-
SARA L. WHITE, City Clerk
0112.1902;00434677/rmc
EXHIBIT
„A»
FY 2018- 2019 Self Insurance Budget Amendment No. 1
Self-Funded Health Insurance Fund
Source of Funds: FY 2019 Budget
Excess Stop-Loss Reimbursement Revenues $ (450,000)
Additional Use of Excess Fund Balance (300,000)
Expenditures:
Health Claims Expenses 750,000
Self-Funded Health Insurance Fund Balance-net effect $ -