Laserfiche WebLink
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 />2019 2020 2021 2022 <br />Budget Summary ACTUAL ACTUAL BUDGET BUDGET <br />Personnel Services 19$ -$ -$ -$ <br />Commodities - - - - <br />Contractual Services 217,344 285,352 164,000 181,130 <br />Capital Outlay - - - - <br />Other Charges - - - - <br />Total 217,363$ 285,352$ 164,000$ 181,130$ <br />Percent Change 31.3% (-42.5%) 10.4% <br />Full-Time Equivalent positions - - - - <br />Expenditures by Classification <br />Have discontinued the entry for employee benefits to this fund as it had no effect on the financial statements. <br />Will continue to accumulate funds to cover potential future insurance claims. <br />2022 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