R-2016-3973 - 12/1/2016 RESOLUTION NO. R-2016-3973
WHEREAS, the City Council has previously adopted the 2015-2016 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 2015-2016 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 Government Code, as amended.
RESOLVED this 1 st day of December, 2016.
Om IL'—
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
0112.1604;00367904/rrnc
City of Round Rock EXHIBIT
Self-Funded Health Insurance Fund "All
2015-2016 Budget Amendment
1 15-16 15-16 15-16
Adopted Estimated Variance
BudgetDescription of Item---
Beginning Fund Balance $ 9,114,848 $ 9,295,089 $ 180,241
REVENUES:
Reinsurance Proceeds 250,000 301,000 51,000
COBRA/Retiree Contributions 175,000 223,000 48,000
Interest Income 10,000 27,700 17,700
Miscellaneous Revenue 167,000 167,000
City Contributions- General Fund 6,286,214 5,815,000 (471,214)
City Contributions- Utility Fund 1,081,050 995,000 (86,050)
City Contributions- Hotel Fund 19,032 18,800 (232)
City Contributions-Sports Complex 95,127 78,000 (17,127)
City Contributions- Drainage 170,740 191,500 20,760
Total Employee Contributions 2,000,000 2,490,000 490,000
Transfer In from Funds
Total Revenues 10,087,163 10,307,000 219,837
EXPENDITURES:
Wellness Programs 80,000 72,000 8,000
Health Clinic 629,179 565,000 64,179
Janitorial 10,000 9,600 400
R&M- Building 1,000 500 500
Power& Light 3,000 450 2,550
Internet Communications 5,200 4,800 400
Office Furniture 1,000 1,000
Supplies &Screenings 1,000 1,000
Professional Services 75,000 99,000 (24,000)
Administrative Fees 467,500 550,000 (82,500)
Stop Loss/Reinsurance Fees 1,100,000 1,100,000 -
Health Claims 5,830,000 6,350,000 (520,000)
Dental Claims 561,000 535,700 25,300
Prescription Claims 2,640,000 2,760,000 (120,000)
Long Term Disability 95,000 90,000 5,000
Life Insurance 77,000 69,000 8,000
Total Expenditures 11,575,879 12,206,050 (630,171)
Net Revenues (1,488,716) (1,899,050) (410,334)
Fund Balance 7,626,131.80 7,396,039.00
Reserves
Less: Restricted for GASB 45 Funding (5,249,000) (5,249,000)
Total Reserves (5,249,000) (5,249,000)
Estimated Reserve for Unexpected Claims $ 2,377,132 $ 2,147,039
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Exhibit A - 2015-2016 Budget Amendment
Self Insurance Fund
Self Insurance Fund
Source of Funds:
Fund Balance $ (411,000)
Revenues (220,000)
Expenditure:
Claims 631,000
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