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 - 2025
$
1,495,000.00
Estimated Amounts to be Contributed by Employees:
Contribution from all eligible emp.
366,328.56
1,128,672.00
Budgeted Group Insurance - Inside CAP
1,417,000.00
Budgeted Group Insurance - Utilities
Budgeted Group Insurance - Outside CAP
TOTAL
1,417,000.00
Instead of receiving Health Benefits, 15 employees
have elected an opt-out for 2025. This opt-out amount
is budgeted separately.
have elected an opt-out for 2025. This opt-out amount
is budgeted separately.
Health Benefits Waiver
Salaries and Wages
$
85,000.00