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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 />2017 2018 2019 2020 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 8,649$ 10,135$ -$ -$ <br />Commodities - - - - <br />Contractual Services 346,271 127,665 160,030 159,000 <br />Capital Outlay - - - - <br />Other Charges - - - - <br />Total 354,920$ 137,800$ 160,030$ 159,000$ <br />Percent Change (-61.2%) 16.1% (-0.6%) <br />Full-Time Equivalent positions 0.05 0.01 - - <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 />2020 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