File #: 17-0616    Version: Name:
Type: Ordinance Status: Passed
File created: 5/9/2017 In control: City Council
On agenda: 5/16/2017 Final action: 5/23/2017
Title: Second Reading Ordinance - Mid-Year Budget Adjustment (1st Reading 5/16/17) Ordinance amending current Operating Budget adopted by Ordinance No. 030965 as follows: a) increase revenues by $2,423,308 due to increased stop loss reimbursements and increase appropriations by $6,000,000 due to increased health care costs in the Citicare Group Health Fund; (b) increase revenues by $1,770,576 due to increased stop loss reimbursements and increase appropriations by $3,800,000 due to increased health care costs in the Police Group Health Fund; (c) increase revenues by $246,476 due to increased stop loss reimbursements and increase appropriations by $800,000 due to increased health care costs in the Fire Group Health Fund.
Sponsors: Office of Management and Budget
Attachments: 1. Agenda Memo - Mid-Year Budget Amnd 5-16-17.pdf, 2. Ordinance - FY 2017 Mid-Year Adjustment.doc.pdf, 3. Presentation - Mid-year Health Plans

Title

Second Reading Ordinance - Mid-Year Budget Adjustment (1st Reading 5/16/17)

 

Ordinance amending current Operating Budget adopted by Ordinance No. 030965 as follows: a) increase revenues by $2,423,308 due to increased stop loss reimbursements and increase appropriations by $6,000,000 due to increased health care costs in the Citicare Group Health Fund; (b) increase revenues by $1,770,576 due to increased stop loss reimbursements and increase appropriations by $3,800,000 due to increased health care costs in the Police Group Health Fund; (c) increase revenues by $246,476 due to increased stop loss reimbursements and increase appropriations by $800,000 due to increased health care costs in the Fire Group Health Fund.