R-2016-3974 - 12/1/2016 RESOLUTION NO. R-2016-3974
WHEREAS, the Finance Department has submitted a proposed budget for the Self-
Funded Health Insurance Fund for fiscal year 2016-2017,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 2016-2017, 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 1 st day of December, 2016.
0,
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
§AW/L,- 44
SARA L. WHITE, City Clerk
0112.1604;00367910
EXHIBIT
City of Round Rock
Self-Funded Health Insurance Fund "Aly
2016-2017 Budget
Proposed14-15 15-16 15-16 16-17
Adopted Estimated
BudgetDescription of Item Actuals Budget Actuals
Beginning Fund Balance $ 10,195,559 $ 9,114,848 $ 9,295,089 $ 7,396,039
REVENUES:
Reinsurance Proceeds 811,089 250,000 301,000 301,000
COBRA/Retiree Contributions 226,488 175,000 223,000 223,000
Interest Income 38,829 10,000 27,700 27,700
Miscellaneous Revenue 93,771 167,000 170,000
City Contributions-General Fund 5,227,608 6,286,214 5,815,000 6,300,000
City Contributions- Utility Fund 926,005 1,081,050 995,000 1,033,000
City Contributions-Hotel Fund 17,284 19,032 18,800 40,500
City Contributions-Sports Complex 78,643 95,127 78,000 95,000
City Contributions-Multi Purpose - 51,500
City Contributions-Drainage 129,784 170,740 191,500 190,000
Total Employee Contributions 2,287,212 2,000,000 2,490,000 2,800,000
Transfer In from Funds 757,000
Total Revenues 9,836,713 10,087,163 10,307,000 11,988,700
EXPENDITURES:
Wellness Programs 86,459 80,000 72,000 80,000
Health Clinic 581,385 629,179 565,000 630,000
Janitorial 9,600 10,000 9,600 10,000
R&M -Building 573 1,000 500 1,000
Power& Light 1,272 3,000 450 3,000
Internet Communications 4,963 5,200 4,800 5,200
Office Furniture 1,000 1,000
Supplies& Screenings 16,843 1,000 1,000
Professional Services 75,000 75,000 99,000 75,000
Administrative Fees 480,340 467,500 550,000 550,000
Stop Loss/Reinsurance Fees 968,110 1,100,000 1,100,000 1,100,000
Health Claims 5,655,641 5,830,000 6,350,000 7,000,000
Dental Claims 479,109 561,000 535,700 515,000
Prescription Claims 2,216,718 2,640,000 2,760,000 3,100,000
Long Term Disability 93,780 95,000 90,000 95,000
Life Insurance 67,390 77,000 69,000 77,000
Total Expenditures 10,737,183 11,575,879 12,206,050 13,243,200
Net Revenues (900,470) (1,488,716) (1,899,050) (1,254,500)
Fund Balance 9,295,089 7,626,132 7,396,039 6,141,539
Reserves
Less: Restricted for GASB 45 Funding (5,249,000) (5,249,000) (5,249,000) (5,249,000)
Total Reserves (5,249,000) (5,249,000) (5,249,000) (5,249,000)
Estimated Reserves for Unexpected Claims $ 4,046,089 $ 2,377,132 $ 2,147,039 $ 892,539
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