08-20-93 Personnel & Finance - Laserfiche WebLink

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Personnel and Finance Committee Meeting August 20, 1993 Page 2 The projected expenses for 1994 should be approximately four million dollars. The primary consultants used by the city are Gibson for a cost of $25,000. The telephone and telegraph line item of $5,000 is for direct hookup to CoreSource. Ronalda Minnis, Benefits Manager then reviewed the numerous handouts. She highlighted that to date $1,790,220.37 has been paid. The Cobra rates are projected as follows: Current 1994 $118 Single $151.76 Single $315 Family $395 Family Council President Luecke inquired into the private cost to cover retirees and Ms. Minnis stated she would check and report back to the Council. It was noted that $437,944 of retiree claims were paid compared to $206,461 premiums paid. Mr. Horton stressed that the City must never let up in attempting to contain insurance costs. Approximately $100,000 was left in the flexible spending account last year resulting in 80% usage. All such funds were transferred into the Insurance Reserve Account. Youth Services Bureau: '93: $50.000 1994 Proposed:$52.500 Bonnie Strycker reviewed the proposed budget. She requested a 5% increase which would be the first increase since 1986 when they went private. She noted that the monies would be used for Safe Station which assisted 165 children in the last fiscal year, and also would be used for 7001 Youth Employment Program. She indicated that the average stay at Safe Station is 15-16 days, and that between 165-180 children are projected to be assisted next year. 7001 Youth Employment Program incorporates pre-employment training with obtaining a job being considered the overall goal. The overall cost per person is $1,350.