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HomeMy WebLinkAboutEmployee Benefit Reserve 2015 Preliminary Budget NarrativeFU N D N O . 5 0 5 BU D G E T / P R O G R A M : E M P L O Y E E B E N E F I T R E S E R V E MI S S I O N : Th i s i n t e r n a l s e r v i c e f u n d p r o v i d e s f u n d i n g t o p a y f o r t h e E m pl o y e e A s s i s t a n c e P r o g r a m , t h e L E O F F I r e t i r e e m e d i c a l e x p e n s e s ( R CW 41.26) and for employee re t i r e m e n t c a s h o u t e x p e n d i t u r e s t o t h e S t a t e D e p a r t m e n t o f R e t i r e m en t S y s t e m s . F u n d i n g f o r t h e s e c o s t s i s f r o m a m o n t h l y c o n t ri b u t i o n f r o m e a c h C o u n t y f u n d w i t h em p l o y e e s . FU N D 5 0 5 : E M P L O Y E E B E N E F I T R E S E R V E F U N D DE P T 0 0 0 Ac c o u n t N u m b e r N a m e 20 1 2 Ac t u a l 20 1 3 Ac t u a l 20 1 4 Bu d g e t 20 1 4 Ac t u a l 06 / 3 0 / 1 4 2015 Department Request 50 5 0 0 0 0 1 0 . 2 9 2 1 0 . 0 0 . 0 0 0 0 R E V E N U E S 0 0 0 0 0 50 5 0 0 0 0 1 0 . 3 0 8 8 0 . 0 0 . 0 0 0 0 B E G I N N I N G F U N D B A L A N C E ( U N R E S E R V E D ) 0 0 0 0 6 4 1 1 3 4 50 5 0 0 0 0 1 0 . 3 6 1 1 1 . 0 0 . 0 0 0 0 I N V E S T M E N T I N T E R E S T 4 3 5 4 3 1 1 0 0 0 2 2 9 1 0 0 0 50 5 0 0 0 0 1 0 . 3 6 6 5 0 . 0 0 . 0 0 0 0 I N T E R F D T R S T C O N T R I B - E M P L Y E R 7 2 8 6 1 7 1 6 6 0 0 6 0 8 5 0 50 5 0 0 0 0 1 0 . 3 6 9 7 0 . 0 0 . 0 0 0 5 I N T E R F U N D T R U S T C O N T R I B U T I O N - E M P L O Y E R 0 0 7 2 0 0 0 2 9 7 0 7 7 2 0 0 0 50 5 0 0 0 0 1 0 . 3 6 9 7 0 . 0 0 . 0 0 1 0 I N T E R F U N D C O N T R I B U T I O N - E M P L O Y E R U N E M P 0 0 1 2 5 0 0 0 6 8 7 3 8 1 2 5 0 0 0 50 5 0 0 0 0 1 0 . 3 8 9 0 0 . 0 0 . 0 0 0 0 S H E R I F F ' S D E F E R R E D C O M P - N O N R E V E N U E 0 0 0 0 0 50 5 0 0 0 0 1 0 . 3 8 9 0 0 . 0 0 . 0 0 1 0 C U R R E N T Y E A R R E F U N D O F E X P E N D 0 0 0 0 0 50 5 0 0 0 0 1 0 . 3 9 7 0 0 . 0 0 . 0 0 0 0 X F E R I N 0 0 0 4 0 5 2 5 5 0 50 5 0 0 0 0 1 0 . 3 9 7 0 0 . 0 0 . 0 5 0 3 T R F R U N E M P L O Y M E N T R E S E R V E 6 3 0 0 0 6 3 0 0 0 4 2 0 5 0 0 0 0 50 5 0 0 0 0 1 0 . 3 9 7 0 0 . 0 0 . 0 5 0 4 X F E R F R O M L & I 0 0 1 5 0 0 0 0 0 Re v e n u e s To t a l R e v e n u e s 1 3 6 2 9 6 1 3 5 0 9 1 6 3 3 5 0 0 5 1 0 0 1 4 8 3 9 1 3 4 Ex p e n d i t u r e s 50 5 0 0 0 0 1 0 . 2 9 2 2 0 . 0 0 . 0 0 0 0 E X P E N D I T U R E S 0 0 0 0 0 50 5 0 0 0 0 1 0 . 5 0 8 8 0 . 0 0 . 0 0 0 0 U N R E S E R V E D F U N D B A L A N C E 0 0 0 0 5 3 9 8 0 9 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 0 . 0 0 2 0 E M P L O Y E E A S S I S T A N C E P R O G R A M 5 9 8 6 5 2 9 8 7 0 0 0 2 1 6 7 7 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 1 . 0 0 0 0 D R S C L A I M S 0 2 0 6 9 1 5 0 0 0 1 5 5 1 5 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 1 . 0 0 0 5 I C M A A D M I N I S T R A T I O N F E E S 0 0 1 2 5 0 1 2 5 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 1 . 0 0 1 0 O T H E R P O S T - R E T I R E M E N T C O S T S / L E O F F 9 8 7 0 1 6 1 8 8 4 1 2 5 0 0 0 2 0 6 9 8 1 2 5 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 1 . 0 0 3 0 O A S I D R S C O N T R A C T 9 7 9 7 2 0 0 9 2 2 0 0 FU N D N O . 5 0 5 BU D G E T / P R O G R A M : E M P L O Y E E B E N E F I T R E S E R V E 50 5 0 0 0 0 1 0 . 5 1 7 2 1 . 4 1 . 0 1 2 5 S E C 1 2 5 A D M I N I S T R A T I O N F E E S 0 1 3 9 1 2 0 0 0 7 3 5 2 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 6 1 . 4 1 . 0 0 0 0 L & I A D M I N I S T R A T I O N C O S T S ( Q T R L Y ) 0 0 1 8 0 0 0 1 1 1 5 4 1 8 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 6 1 . 4 1 . 0 0 1 0 P A Y M E N T S T O R E T R O P O O L 0 0 7 0 0 0 0 7 0 0 0 50 5 0 0 0 0 1 0 . 5 1 7 7 8 . 4 1 . 0 0 0 0 U N E M P L O Y M E N T C L A I M S P R O C E S S I N G 0 0 1 2 5 0 0 0 1 3 4 6 1 1 2 5 0 0 0 To t a l E x p e n d i t u r e s 1 0 4 7 8 4 7 0 7 3 9 2 9 9 3 2 5 4 8 4 6 2 8 3 9 1 3 4 To t a l s 31 5 1 2 6 4 3 5 2 3 3 4 1 7 5 4 6 1 5 5 2 0 GO A L S : Wo r k w i t h t h e L E O F F I D i s a b i l i t y / R e t i r e m e n t Bo a r d t o s e t p o l i c i e s f o r m e d i c a l e x p e n d i t u r e s t h a t m e e t t h e n e e d s o f t h e m e m b e r s a nd t h e C o u n t y . OB J E C T I V E S : Pr o v i d e t h e L E O F F B o a r d w i t h i n f o r m a t i o n o n t o t a l e x p e n d i t u r e s . SU M M A R Y O F K E Y F U N D I N G / S E R V I C E I S S U E S : Th i s f u n d p a y s f o r L E O F F I R e t i r e e me d i c a l c o s t s , L & I C o s t s , a n d o t he r p o s t r e t i r e m e n t c o s t s .