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 - 2021 | $ | 1,365,000.00 | |
| Estimated Amounts to be Contributed by Employees: | |||
| Contribution from all eligible emp. | 280,144.00 | ||
| 1,084,855.00 | |||
| Budgeted Group Insurance - Inside CAP | 1,170,000.00 | ||
| Budgeted Group Insurance - Utilities | 120,000.00 | ||
| Budgeted Group Insurance - Outside CAP | |||
| TOTAL | 1,290,000.00 | ||
Instead of receiving Health Benefits,
14 employees
have elected an opt-out for 2021. This opt-out amount'
is budgeted separately.
| Health Benefits Waiver | |||
| Salaries and Wages | $ | 60,000.00 |
Sheet 3b (2)