Title
Consider a resolution adopting the Self-Funded Health Fund Budget for FY 2013-2014.
Body
Item Summary:
The City provides a self-funded health, dental, and vision plan which was originally created in 1993. The City updates the plan periodically to address the needs of its employees. By reviewing the marketplace and updating the plan design, the City has shown cost savings throughout the years.
This fund accounts for the activities of the City's health insurance needs. This ordinance will establish a budget for sources and uses related to this fund. It will continue to restrict funds related to GASB 45 (retiree health insurance benefits).
Recommended Action
Staff recommends approval.