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CITY OF ARDEN HILLS, MINNESOTA <br />Function: General Government 725 <br />Activity: Risk Management 49800 <br /> <br />Activity Scope <br />Objectives <br />Issues <br />Budget Commentary <br />2016 2017 2018 2019 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 8,433$ 8,649$ 11,825$ -$ <br />Commodities 205 - - - <br />Contractual Services 378,417 346,271 421,537 33,730 <br />Capital Outlay - - - - <br />Other Charges - - - - <br />Total 387,054$ 354,920$ 433,362$ 33,730$ <br />Percent Change (-8.3%) 22.1% (-92.2%) <br />Full-Time Equivalent positions - - 0.10 - <br />Expenditures by Classification <br />Will discontinue the entry for employee benefits to this fund as it had no effect on the financial statements. Will <br />continue to accumulate funds to cover potential future insurance claims. <br />2019 BUDGET <br /> Fund # : <br />Activity # : <br />This Fund was established to pool dividends received from the League of Minnesota Cities for positive claims <br />experience. This fund tracks dividend revenues and deductible costs for claims. The goal of this fund is to build <br />a fund balance that would allow the City to increase deductible limits in order to reduce premium costs. <br />Dividends received from the health insurance Co-op are also deposited in this fund to use for employee <br />wellness activities and to supplement the City’s contribution to health/dental insurance. <br />1. Cover deductible costs on claims. <br />2. Establish employee Wellness programs to minimize health insurance costs. <br />Maintain the proper level of insurance coverage and deductibles to assure the best possible coverage at the <br />lowest possible cost. <br />100% <br />Personnel Services <br />Commodities <br />Contractual Services <br />Capital Outlay <br />Other Charges <br />46