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 - 2023 |
$
1,698,220.00
|
| Estimated Amounts to be Contributed by Employees: | |
| Contribution from all eligible emp. |
328,220.00
|
|
1,370,000.00
|
|
| Budgeted Group Insurance - Inside CAP |
1,370,000.00
|
| Budgeted Group Insurance - Utilities |
-
|
| Budgeted Group Insurance - Outside CAP | |
| TOTAL |
1,370,000.00
|
Instead of receiving Health Benefits, 9 employees
have elected an opt-out for 2023. This opt-out amount
is budgeted separately.
have elected an opt-out for 2023. This opt-out amount
is budgeted separately.
| Health Benefits Waiver | |
| Salaries and Wages |
$
45,000.00
|