2013–2014 BIENNIAL BUDGET - the City of Tukwila

2013–2014 Biennial Budget City of Tukwila, WashingtonDEPARTMENT: FinanceDIVISION: N/AFUND: LEOFF I Retiree Self-Insured Healthcare Plan FUND NUMBER: 503RESPONSIBLE MANAGER: Peggy McCarthyPOSITION: DirectorDescriptionThis fund accounts for the City’s self-insured healthcare plan for Law Enforcement Officers and FireFighters (LEOFF I) retirees. This fund receives contributions on behalf of retired LEOFF I employeesthrough their respective organization units. Healthcare claims and program administrative fees areexpensed in this fund.Insurance LEOFF 1 Fund 5032010 2011 2012 2013 2014 2012-13 2013-14Object Description ACTUAL ACTUAL BUDGET BUDGET BUDGET % change % change20 Personnel Benefits $ 248,310 $ 394,221 $ 659,530 $ 479,372 $ 523,672 -27.32% 9.24%40 Prof Services 2,100 22,326 13,000 19,500 19,500 50.00% 0.00%00 Other - 9,704 9,995 9,619 9,906 -3.76% 2.98%EXPENDITURE TOTAL 250,410 426,251 682,525 508,491 553,078 -25.50% 8.77%REVENUETrust Contributions 577,001 464,936 575,000 - - -100.00% 0.00%Miscellaneous Revenue 8,798 3,552 4,040 3,340 3,340 -17.33% 0.00%REVENUE TOTAL $ 585,799 $ 468,488 $ 579,040 $ 3,340 $ 3,340 -99.42% 0.00%FUND BALANCEChange in Fund Balance * 335,389 42,236 (103,485) (505,151) (549,738) 388.14% 8.83%Beginning Fund Balance 1,251,362 1,586,751 1,246,806 1,600,000 1,094,849 28.33% -31.57%Ending Fund Balance 1,586,751 1,628,987 1,143,321 1,094,849 545,111 -4.24% -50.21%* Change in fund balance equals revenues over/(under) expendituresBudget ChangesBudget changes for Insurance LEOFF 1 Fund primarily due to a decrease in the indirect cost share.Insurance LEOFF 1 Fund 503RevenueBacked2012 Budget Non DiscretionaryDiscretionaryInitiativesTransfers2013Budget20-Benefits $ 659,530 $ 12,500 $ (192,658) $ - $ - $ - $ 479,372 $ 750 $ 43,550 $ - $ - $ - $ 523,67240-Prof Serv 13,000 - 6,500 - - - 19,500 - - - - - 19,500Other 9,995 (376) - - - - 9,619 287 - - - - 9,906Total $ 682,525 $ 12,124 $ (186,158) $ - $ - $ - $ 508,491 $ 1,037 $ 43,550 $ - $ - $ - $ 553,078RevenueBackedNon DiscretionaryDiscretionaryInitiativesTransfers2014BudgetProfessional ServicesInsurance LEOFF 1 Fund 503Account Number Purpose 2013 2014503.00.517.370.41.00 Broker Fee $ 19,500 $ 19,500Total Professional Services $ 19,500 $ 19,500Page 335