HomeMy WebLinkAboutC.054.93009_19083. Each of said notes shall be signed by the Chairman and the Clerk of the Board of Commissioners of the
County of lredell and the seal of said County shall be affixed to each of said notes.
4. The Director of Finance and Administrative Services of the County of lredell is hereby authorized to make
application to the Local Government Commission of North Carolina for its approval of said note in the manner
prescribed by The Local Government Finance Act. Said Local Government Commission is hereby requested to
authorize and approve the issuance of said notes and upon request, to sell the notes in the manner prescribed by said
Act. Said notes, when they shall have been sold by said Commission in the manner provided by law and when they shall
have been executed in the manner prescribed by this resolution, shall be turned over to the State Treasurer of the State
of North Carolina for delivery to the purchasers to whom they may be sold by said Commission.
Adopted this the 16' day of June, 1998.
REQUEST FOR APPROVAL OF 1998-99 FINANCIAL PLAN FOR HEALTH &
DENTAL CARE BENEFITS: MOTION by Commissioner Johnson to approve the following
1998-99 financial plan for health & dental care benefits.
VOTING: Ayes - 5; Nays - 0.
1998-99 FINANCIAL PLAN
HEALTHIDENTAL CARE BENEFITS
Fund 053
lredell County, North Carolina
Section 1. It is estimated that the following revenues will be available in the Health and
Dental Care Benefits Fund for the fiscal year beginning July 1, 1998 and ending June 30, 1999,
HEALTH CARE
Interest on Investments
20,000
Contribution from Employer
1,296,000
Contribution from Employees
357,480
Non-employee charges
16.200
Appropriated Fund Balance
101.065
Total
1,790,745
DENTAL CARE
1,7911,745
Contribution from Employees
133,500
Total
133.500
TOTAL REVENUES 11,924,245
Section 2. It is estimated that the following expenditures will be made in the Health and
Dental Care Benefits Fund for the fiscal year beginning July 1, 1998 and ending June 30, 1999,
HEALTH CARE
Employee Health Payments
1,565,110
Claims Administration Expense
94,375
Stop Loss Insurance Expense
65,565
Other Employee Health Expense
3,000
Employee Life Insurance
44,695
Wellness Incentives
_ 18,00
Total
1,7911,745
DEtiTAL CARE
Employee Dental Payments 125,745
Claims Administration 7 755
Total 13150
500
TOTAL EXPENDITURES 11,924,245
REQUEST FOR APPROVAL OF 1998-99 FINANCIAL. PLAN FOR WORKERS'
COMPENSATION BENEFITS FUND AND PROPERTY & GENERAL LIABILITY
COVERAGE: Blumenstein advised that the workers comp internal service fund for 1998-99 would
will be accomplished by appropriating the entire fund balance of $253,500 for anticipated
compensation payments. The payments would be used to pay the claims that occurred prior to June
30, 1998. A fully insured policy will be used as of July I for claims occurring after this date.