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.
is budgeted separately.
| Health Benefits Waiver | |||
| Salaries and Wages | $ | 45,000.00 | |