EXPLANATORY STATEMENT - (Continued)
BUDGET MESSAGE
RECAP OF GROUP INSURANCE APPROPRIATION
Following is a recap of the Municipality's Employee Group Insurance
| Estimated Group Insurance Costs - 2024 | $ | 1,450,000.00 | |
| Estimated Amounts to be Contributed by Employees: | |||
| Contribution from all eligible emp. | 329,000.00 | ||
| 1,121,000.00 | |||
| Budgeted Group Insurance - Inside CAP | 1,375,000.00 | ||
| Budgeted Group Insurance - Utilities | |||
| Budgeted Group Insurance - Outside CAP | |||
| TOTAL | 1,375,000.00 | ||
Instead of receiving Health Benefits,
14 employees
have elected an opt-out for 2024. This opt-out amount
is budgeted separately.
| Health Benefits Waiver | |||
| Salaries and Wages | $ | 85,000.00 |