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THE CITY OF SOUTH BEND
<br />2005 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2004
<br />INTERNAL SERVICE FUND - SELF - FUNDED EMPLOYEE BENEFITS (Fund *711)
<br />Revenue Over I (Under) Expenditures - 85,952 1,856,157 19,704 212,874
<br />`The City provides an opportunity for its employees to purchase additional €nsurancelbeneftts that are fully reimbursed by the employee, Expenditures relating to all casts
<br />that are reimbursed are recorded as both revenue and expenditures on a "gross" basis.
<br />NOTES:
<br />a - Assumes 1,250 employees (5% vacancy rate for 1,316 budgeted FTE's) with 1,113 participating in the City's self- 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 (employees portion) plus cost per employee for life insurance, long term disability and admin costs.
<br />b - Assumes 1,174 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 bath the revenue and expenditure line items. (see' above)
<br />d - Represents an adjustment to more accurately reflect the current and/or anticipated level of revenuetexpenditure for 2005
<br />e - Reflects an 18% projected decrease in estimated total claims to be paid in 2006.
<br />2003
<br />2004
<br />2004
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />Employer (City Funds) Contributions - Health Insurance
<br />5,541,680
<br />8,902,308
<br />8,832,008
<br />(112,205) a
<br />8,719,803
<br />Employer (City Funds) Contributions - Life Insurance & LfF Disability
<br />258,959
<br />259,489
<br />260,832
<br />47,976 a
<br />308,808
<br />Employer (City Funds) Contributions - $500 CafeterialFlex Account
<br />623,875
<br />620,375
<br />589,000
<br />(2,000) b
<br />587,000
<br />Employee Contributions - Health Insurance
<br />893,071
<br />992,414
<br />1,012,896
<br />239,288 a
<br />1,252,164
<br />Police & Fire Retiree Contributions - Health Insurance
<br />164,677
<br />178,771
<br />401,451
<br />3,057
<br />404,506
<br />COBfRAContributions - Health Insurance
<br />34,165
<br />38,827
<br />25,000
<br />0
<br />25,000
<br />Reimbursements from Employees -Vision & Dental Coverage*
<br />231,012
<br />240,395
<br />415,000
<br />30,000
<br />445,000
<br />Reimbursements from Employees - Dependent Care"
<br />33,867
<br />16,913
<br />23,000
<br />700 c
<br />23,700
<br />Reimbursements from Police & Fire Retirees - Medicare Supplemental"
<br />33,615
<br />28,007
<br />45,000
<br />(15,000) c
<br />30,000
<br />Other Reimbursements & Refunds
<br />3,468
<br />0
<br />0
<br />0
<br />0
<br />Interfund Transfer
<br />2,000,000
<br />0
<br />0
<br />0
<br />0
<br />Interest on Investments
<br />0
<br />14,667
<br />0
<br />0
<br />0
<br />Total Revenue
<br />9,818,589
<br />11,292,166
<br />11,604,187
<br />191,796
<br />11,795,983
<br />Total Revenue increasel(Decrease)
<br />191,796
<br />Revenue Increasel(Decrease) as a Percent
<br />1.7%
<br />2003
<br />2004
<br />2004
<br />Salary
<br />Other
<br />2006
<br />% of
<br />Actual
<br />Actual
<br />Budget
<br />Ordinance
<br />Changes
<br />Budget
<br />Change
<br />EXPENDITURES:
<br />Personnet Costs:
<br />Salaries
<br />66,245
<br />73,957
<br />81,143
<br />3,186
<br />(1,507)
<br />82,822
<br />Benefits
<br />14,134
<br />18,513
<br />19,357
<br />371
<br />202
<br />19,930
<br />Total Personnel Costs
<br />80,379
<br />92,470
<br />500,500
<br />3,557
<br />{1,305)
<br />102,752
<br />2.2%
<br />Supplies
<br />5,374
<br />2,264
<br />7,612
<br />0
<br />0
<br />7,612
<br />0.0%
<br />Services (Department only):
<br />Education & Training
<br />2,459
<br />3,190
<br />3,500
<br />0
<br />0
<br />3,500
<br />Other Misc Services
<br />4,710
<br />3,037
<br />4,500
<br />0
<br />0
<br />4,500
<br />Total Services (Department only)
<br />7,169
<br />6,227
<br />8,000
<br />0
<br />0
<br />8,000
<br />0.0%
<br />Services (Citywide):
<br />Health Costs Paid Through Third Party Administrator (TPA)
<br />7,489,571
<br />6,856,539
<br />8,950,000
<br />0
<br />(185,000) a
<br />6,785,000
<br />Health Costs for Individuals Not Covered by Specific Stop Loss
<br />223,957
<br />325,117
<br />250,000
<br />0
<br />0
<br />250,000
<br />Third Party (TPA) Administration Fees
<br />158,712
<br />157,564
<br />176,500
<br />0
<br />17,675 d
<br />194,175
<br />Health Costs - Specific Stop Loss Premium
<br />407,651
<br />511,418
<br />514,176
<br />0
<br />51,626 d
<br />565,802
<br />Select Health Network Provider Fee
<br />49,856
<br />29,316
<br />57,046
<br />0
<br />(19,046)
<br />38,000
<br />Consultant Fees
<br />53,968
<br />44,970
<br />45,000
<br />0
<br />0
<br />45,000
<br />Short Tenn Disability
<br />77,657
<br />41,574
<br />65,000
<br />0
<br />(10,000) d
<br />55,000
<br />Long Term Disability
<br />42,321
<br />51,765
<br />48,000
<br />0
<br />14,000
<br />62,000
<br />Life Insurance
<br />119,341
<br />142,985
<br />156,000
<br />0
<br />23,400 d
<br />179,400
<br />Employee Assistance Program
<br />29,000
<br />29,000
<br />29,000
<br />0
<br />0
<br />29,000
<br />Cafeteria Benefits Paid (Flex Acct) - excluding Vision/Dental
<br />536,400
<br />529,064
<br />525,000
<br />0
<br />0
<br />525,000
<br />Vision & Dental (Flex Acct plus employee reimbursement)'
<br />385,850
<br />408,540
<br />415,000
<br />0
<br />30,000 d
<br />445,000
<br />Dependant Care (reimbursed)`
<br />31,794
<br />14,532
<br />23,700
<br />0
<br />0
<br />23,700
<br />Police & Fire Retirees Medicare Supplemental (reimbursed)*
<br />42,993
<br />23,715
<br />45,000
<br />0
<br />(15,000) c
<br />30,000
<br />Total Services (Citywide)
<br />9,649,071
<br />9,166,099
<br />11,299,422
<br />0
<br />7[ 2,346)
<br />11,227,077
<br />-0.6%
<br />Other Uses:
<br />Admin Fees (General Fund)
<br />162,548
<br />166,949
<br />168,949
<br />0
<br />68,719
<br />237,668
<br />Total Other Uses
<br />162,548
<br />168,949
<br />166,949
<br />0
<br />68,719
<br />237,668
<br />Total Expenditures
<br />9,904,541
<br />9,436,009
<br />11,584,483
<br />3,557
<br />(4,931)
<br />11,583,109
<br />Total Expenditures Increase/(Decrease)
<br />(1,374)
<br />Expenditures Increasel(Decrease) as a Percent
<br />010%
<br />Revenue Over I (Under) Expenditures - 85,952 1,856,157 19,704 212,874
<br />`The City provides an opportunity for its employees to purchase additional €nsurancelbeneftts that are fully reimbursed by the employee, Expenditures relating to all casts
<br />that are reimbursed are recorded as both revenue and expenditures on a "gross" basis.
<br />NOTES:
<br />a - Assumes 1,250 employees (5% vacancy rate for 1,316 budgeted FTE's) with 1,113 participating in the City's self- 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 (employees portion) plus cost per employee for life insurance, long term disability and admin costs.
<br />b - Assumes 1,174 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 bath the revenue and expenditure line items. (see' above)
<br />d - Represents an adjustment to more accurately reflect the current and/or anticipated level of revenuetexpenditure for 2005
<br />e - Reflects an 18% projected decrease in estimated total claims to be paid in 2006.
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