HomeMy WebLinkAbout2025 Budget Health Employer Share PR Budget ReductionBUDGET ADJUSTMENT REQUEST FORM
Dept:2024
Expense Accounts to Reduce Budget:
Account:01410-4200 Amount:2,500 Benefits
Account:01411-4200 Amount:10,000 Benefits
Account:01412-4200 Amount:6,500 Benefits
Account:01413-4200 Amount:9,700 Benefits
Account:01414-4200 Amount:15,300 Benefits
Account:01415-4200 Amount:13,300 Benefits
Account:01416-4200 Amount:3,200 Benefits
Account:01417-4200 Amount:7,800 Benefits
Account:01420-4200 Amount:53,600 Benefits
Account:01421-4200 Amount:24,500 Benefits
Account:01422-4200 Amount:17,400 Benefits
Account:01423-4200 Amount:5,700 Benefits
Account:01425-4200 Amount:15,400 Benefits
Account:01428-4200 Amount:10,900 Benefits
Account:01432-4200 Amount:4,000 Benefits
Account:01438-4200 Amount:10,100 Benefits
Account:01449-4200 Amount:6,400 Benefits
Account:02431-4200 Amount:28,500 Benefits
Account:04462-4200 Amount:300 Benefits
Account:04463-4200 Amount:300 Benefits
Account:17480-4200 Amount:63,600 Benefits
Account:23440-4200 Amount:2,400 Benefits
Account:25433-4200 Amount:13,600 Benefits
Account:26434-4200 Amount:25,300 Benefits
Account:27435-4200 Amount:15,600 Benefits
Account:27475-4200 Amount:14,300 Benefits
Account:28418-4200 Amount:9,700 Benefits
Account:29419-4200 Amount:11,400 Benefits
Account:40464-4200 Amount:300 Benefits
Account:50437-4200 Amount:4,100 Benefits
Account:81461-4200 Amount:300 Benefits
TOTAL:406,000 To Credit Accounts
Increase Contingency:
Account:01411-6000 Amount:216,300 Contingency-General Fund
Account:02431-6000 Amount:28,500 Contingency-Street Operating Fund
Account:04462-6000 Amount:600 Contingency-Tabernacle Fund
Account:17480-6000 Amount:63,600 Contingency-Fire Dept Operating Fund
Account:23440-6000 Amount:2,400 Contingency- Rexburg Rapids Fund
Account:25433-6000 Amount:13,600 Contingency-Sanitation Fund
Account:26434-6000 Amount:25,300 Contingency-Water Fund
Account:27435-6000 Amount:15,600 Contingency-Wastewater Treatment
Account:27475-6000 Amount:14,300 Contingency-Wastewater Collections
Account:28418-6000 Amount:9,700 Contingency-Building Safety Fund
Account:29419-6000 Amount:11,400 Contingency-GIS Fund
Account:40464-6000 Amount:300 Contingency-Romance Fund
Account:50437-6000 Amount:4,100 Contingency-Golf Operating Fund
Account:81461-6000 Amount:300 Contingency-Cultural Arts Fund
TOTAL:406,000 To Debit Contingency
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:(406,000)
Other Expense:
New Revenue:
TOTAL INCREASE (406,000)
Reason for the Increase (Decrease):
All benefit coverages will remain the same in 2025 as 2024. We also heard that PERSI is looking to
push back the rate increases that were planned for July of 2025 to July of 2026.
Our Health insurance experience came back very low compared to prior years and Select Health
dental with the increase and lower the respective department budgets for the net savings.
All Depts
over $418,000). We had budgeted a 12% increase in Health. We received word of a 6% increase
in our dental premiums (costs us about $12,000). We are recommending we accept the
offered to keep our current plan in 2025 at the same rates with no rate increase (saves us
Signed:
Dept Head:
CFO:
Mayor:
Approved by the City Council (*if necessary) on this Date:
*City Council approval required if:
1)$10,000 or more is taken from Contingency
2)$50,000 or more is a change in a Capital Purchase
3)New Full-time Regular personnel positions
4)Additional Full-time Regular personnel
5)New Types of Major Programs