2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013–2014 Biennial Budget City of Tukwila, WashingtonDEPARTMENT: FinanceDIVISION: N/AFUND: Self Insured Healthcare Plan FUND NUMBER: 502RESPONSIBLE MANAGER: Peggy McCarthyPOSITION: DirectorDescriptionThis fund accounts for the City’s self-insured healthcare plan. This fund receives contributions on behalfof the employees through premiums charged to their respective organization units. Healthcare claims,program administrative fees and a Wellness Program are expensed in this fund.Insurance Fund 5022010 2011 2012 2013 2014 2012-13 2013-14Object Description ACTUAL ACTUAL BUDGET BUDGET BUDGET % change % change20 Personnel Benefits $ 4,265,904 $ 4,284,094 $ 4,700,000 $ 4,892,940 $ 5,252,006 4.11% 7.34%40 Prof Services 38,326 32,515 45,500 45,500 45,500 0.00% 0.00%00 Other - 110,241 113,548 73,709 75,500 -35.09% 2.43%EXPENDITURE TOTAL 4,304,231 4,426,850 4,859,048 5,012,149 5,373,006 3.15% 7.20%REVENUETrust Contributions 5,456,708 4,249,245 4,367,715 4,483,192 4,483,192 2.64% 0.00%Voluntary Contributions 32,684 53,699 32,000 50,000 50,000 56.25% 0.00%Mandatory Contributions 27,272 25,668 28,000 28,000 28,000 0.00% 0.00%Miscellaneous Revenue (40,877) 535,971 16,853 98,200 98,200 482.69% 0.00%REVENUE TOTAL $ 5,475,787 $ 4,864,583 $ 4,444,568 $ 4,659,392 $ 4,659,392 4.83% 0.00%FUND BALANCEChange in Fund Balance * 1,171,557 437,733 (414,480) (352,757) (713,614) -14.89% 102.30%Beginning Fund Balance 3,374,190 4,545,747 4,431,820 4,500,000 4,147,243 1.54% -7.84%Ending Fund Balance 4,545,747 4,983,480 4,017,340 4,147,243 3,433,629 3.23% -17.21%* Change in fund balance equals revenues over/(under) expendituresBudget ChangesBudget changes for Insurance Fund primarily include higher anticipated benefit costs and addition tothe IBNR reserve based on an actuarial evaluation.RevenueBackedInsurance Fund 5022012 Budget Non DiscretionaryDiscretionaryInitiativesTransfers2013Budget20-Benefits $ 4,700,000 $ 192,940 $ - $ - $ - $ - $ 4,892,940 $ 359,066 $ - $ - $ - $ - $ 5,252,00640-Prof Serv 45,500 - - - - - 45,500 - - - - - 45,500Other 113,548 (39,839) - - - - 73,709 1,791 - - - - 75,500Total $ 4,859,048 $ 153,101 $ - $ - $ - $ - $ 5,012,149 $ 360,857 $ - $ - $ - $ - $ 5,373,006RevenueBackedNon DiscretionaryDiscretionaryInitiativesTransfers2014BudgetPage 333