R-2015-2866 - 9/24/2015 RESOLUTION NO. R-2015-2866
WHEREAS, the Finance Department has submitted a proposed budget for the Self-
Funded Health Insurance Fund for fiscal year 2015-2016,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the budget submitted by the Finance Department for the Self-Funded Health
Insurance Fund for fiscal year 2015-2016, attached hereto as Exhibit"A", is hereby approved.
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 Government Code, as amended.
RESOLVED this 24th day of September, 2015.
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ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
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SARA L. WHITE, City Clerk
0112.1504;00342272
City of Round Rock
Self-Funded Health Insurance Fund
2015-2016 Budget
Proposed13-14 14-15 14-16 15-16
Adopted Estimated
Description of Item Actuals Budget Actuals Budget
Beginning Fund Balance $ 9,105,394 $ 9,664,964 $ 10,195,557 $ 9,114,848
Less: Restricted for GASB 45 Funding (5,249,000) (5,249,000) (5,249,000) (5,249,000)
Less: 15% Reserves (1,365,809) (1,449,745) (1,529,334) (1,367,227)
2,490,585 2,966,219 3,417,223 2,498,621
REVENUES:
Reinsurance Proceeds 457,441 250,000 250,000 250,000
COBRA/Retiree Contributions 185,421 175,000 175,000 175,000
Interest Income 3,097 5,000 5,000 10,000
Miscellaneous Revenue 100,000
City/Employee Contributions-General Fund 7,734,656 7,430,090 7,430,090 7,986,214
City/Employee Contributions-Utility Fund 1,232,078 1,338,462 1,338,462 1,381,050
City/Employee Contributions-Hotel Fund 29,688 25,848 25,848 19,032
City/Employee Contributions-Sports Complex 51,619 83,288 83,288 95,127
City/Employee Contributions-- Drainage 137,713 155,088 155,088 170,740
Total Revenues 9,931,713 9,462,776 9,462,776 10,087,163
Total Funds Available 12,422,298 12,428,995 12,879,999 12,585,784
EXPENDITURES:
Wellness Programs 43,036 75,000 75,000 80,000
Health Clinic 243,829 578,550 578,550 629,179
Janitorial 4,000 7,500 9,600 10,000
R&M- Building 73,530 12,000 500 1,000
Power& Light 1,910 3,000 1,500 3,000
Internet Communications 1,038 5,200 4,335 5,200
Office Furniture 3,091 500 - 1,000
Supplies-Office 275 300 - 1,000
Professional Services 80,000 78,000 75,000 75,000
Administrative Fees 477,900 475,000 425,000 467,500
Stop Loss/Reinsurance Fees 674,903 900,000 1,000,000 1,100,000
Health Claims 4,634,980 4,500,000 5,300,000 5,830,000
Dental Claims 506,446 550,000 510,000 561,000
Vision Claims 59 40,000 - -
Prescription Claims 1,977,304 2,000,000 2,400,000 2,640,000
Long Term Disability 74,017 104,500 94,000 95,000
Life Insurance 45,232 66,000 70,000 77,000
Total Expenditures 8,841,550 9,395,550 10,543,485 11,575,879
Estimated Unreserved Fund Balance 9/30/15 $ 3,580,748 $ 3,033,445 $ 2,336,514 $ 1,009,905
EXHIBIT
„A„