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THE CITY OF SOUTH BEND
<br />2003 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2002
<br />INTERNAL SERVICE FUND -SELF-FUNDED EMPLOYEE BENEFITS (Fund #711)
<br /> 2oa1
<br /> Actual
<br />REVENUE:
<br />Employer (City Funds) Contributions -Health Insurance 4,633,828
<br />Employer (City Funds) Contributions -Life Insurance 8 L/T Disabiliq 141,953
<br />Employer (City Funds) Contributions - $500 Cafeteria/Flex Account 628,375
<br />Employee Contributions -Health Insurance 663,071
<br />Police & Fire Retiree Contributions -Health Insurance 127,941
<br />COBRA Contributions -Health Insurance 25,895
<br />Reimbursements from Employees -Vision 8 Dental Coverage' 181,649
<br />Reimbursements from Employees -Dependent Care' 21,226
<br />Reimbursements from Police 8 Fire Retirees -Medicare Supplemer 40,915
<br />Other Reimbursements & Refunds 14,182
<br />Interfund Transfer 0
<br />Interest on Investments 72,287
<br />Total Revenue 8.551,322
<br />2002 2002 4nticipated 2003
<br />Actual Budget Changes Budget
<br />5,461,895 5,422,443 (75,555) a 5,346,888
<br />139,906 149,724 111,924 a 261,648
<br />635,875 623,000 (12,000) b 611,000
<br />710,793 817,020 84,101 a 901,121
<br />152,904 376,921 (67,976) 308,945
<br />23,867 46,000 (21,000) 25,000
<br />204,089 225,556 173,366 398,922
<br />16,072 22,539 3,461 c 26,000
<br />42,550 46,379 (1,557)c 44,822
<br />13,613 20,000 0 20,000
<br />800,000 0 0 0
<br />8,999 118,000 (93,000)d 25,000
<br />8,210,563 7,867,582 101,764 7.989.346
<br />Total Revenue Increase/(Decrease)
<br />Revenue Increase/(Decrease) as a Percent
<br />101,764
<br />1.3
<br /> 2001 2002 2002 Salary Other 2003 % of
<br /> Actual Actual Budget Ordinance Changes Budget Change
<br />EXPENDITURES:
<br />Personnel Costs:
<br />Salaries 65,055 67,773 75,215 2,849 0 78,164
<br />Benefits 12,913 13,900 14,782 321 568 15,671
<br />Total Personnel Costs 77,968 81,673 89,997 3,270 568 93,835 4.3%
<br />Supplies 2,768 2,554 7,612 0 7,812 0.0%
<br />Services (Department only):
<br />Education & Training 2,193 3,421 3,500 0 0 3,500
<br />Other Misc Services 4,608 4,022 4,500 0 0 4,500
<br />Total Services (Department only) 6,801 7,443 8,000 0 0 8,000
<br />Services (Citywide):
<br />Health Costs Paid Through Third Party Administrator (TPA) 5,502,681 6,148,008 5,306,862 0 (218,325) a 5,088,537
<br />Health Costs for Individuals Not Covered by Specific Stop Loss 561,310 468,775 450,000 0 (200,000) f 250,000
<br />Third Party (TPA) Administration Fees 144,199 173,047 155,106 0 34,894 d 190,000
<br />Health Costs -Specific Stop Loss Premium 412,190 499,152 491,187 0 203,370 d 694,557
<br />Select Health Network Provider Fee 61,799 57,045 57,046 0 0 57,046
<br />Consultant Fees 29,328 44,564 30,975 0 24,593 55,568
<br />Short Term Disability 47,524 76,902 65,000 0 0 d 65,000
<br />Long Term Disability 29,692 31,475 30,000 0 30,000 60,000
<br />Life Insurance 83,849 129,883 96,876 0 93,124 d 190,000
<br />Employee Assistance Program 21,750 29,000 29,000 0 0 29,000
<br />Cafeteria Benefits Paid (Flex Acct) -excluding Vision/Dental 472,890 477,070 500,000 0 25,000 525,000
<br />Vision & Dental (Flex Acct plus employee reimbursement)` 308,617 341,408 348,556 0 70,366 d 418,922
<br />Dependant Care (reimbursed)' 18,544 11,974 22,539 0 3,461 c 26,000
<br />Police & Fire Retirees Medicare Supplemental (reimbursed)' 44,940 43,730 46,379 '0 1,557 c 44,822
<br />Total Services (Citywide) 7,739,313 8,532,033 7,629,526 64,926 7,894,452 0.9%
<br />Other Uses:
<br />Admin Fees (General Fund) 135,620 132,387 132,387 0
<br />~ 30,161 162,548
<br />Total Other Uses 135,620 132,387 132,387 ~~ 30,161 182,548
<br />Total Expenditures 7,962,470 8,756,090 7,867,522 3 2, 70 95,655 7,966,447
<br />Total Expenditures Increase/(Decrease)
<br />Expenditures Increase/(Decrease) as a Percent
<br />98,925
<br />1.3%
<br />Revenue Over / (Under) Expenditures (1,411,148) (545,527) 80 2,899
<br />'The City provides an opportunity for its employees to purchase additional insurance/benefits that are fully reimbursed by the employee. Expenditures relating to all costs
<br />that are reimbursed are recorded as both revenue and expenditures on a "gross" basis.
<br />NOTES:
<br />a -Assumes 1,285 employees (5% vacancy rate for 1,358 budgeted FTE's) with 1,113 participating in the City's salt-insurance health program. These 3 line items reflect the actual
<br />fund charge (employer portion) and employee contribution based upon the current mix between family, single and no insurance. Each fund is charged for its employees' health
<br />coverage (employers portion) plus cost per employee for life insurance, long term disability and admin costs. The fund charges increased approximately 13 % for health
<br />coverage.
<br />b -Assumes 1,222 employees (90% of budgeted FTE's) are eligible for Flex Spending Account contributions of $500 per employee.
<br />c -The "pass through costs" (i.e. reimbursed by employees) increases are reflected in both the revenue and expenditure line items. (see' above)
<br />d -Represents an adjustment to more accurately reflect the current and/or anticipated level of revenue/expenditure for 2003
<br />e -Reflects an 4.1% projected decrease in total claims to be paid in 2003.
<br />f -Reflects the anticipated reduction for one individual that has been excluded from the Cit)is Specific Stop Loss insurance policy.
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