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HomeMy WebLinkAbout04/01/2015 5D -6b AGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Ordinance No. 5273 Study Session Date: March 25, 2015 establishing a Self-Insured Health and COUNCIL MEETING Date: April 1, 2015 Welfare Reserve fund Department: Legal/HR Presenter: Charlotte Belmore Phone: (360) 473-5926 SUMMARY: The proposed ordinance creates Chapter 3.32 of the Bremerton Municipal Code entitled, "Self-Insured Health and Welfare Reserve Fund"to administer the City of Bremerton's Health and Welfare Program. The ordinance requires reserves to be maintained in the fund and administered as authorized. The proposed 2015 budget contemplates an accumulated reserve of $575,000 at the end of 2015. ATTACHMENTS: 1) Ordinance No. 5273; and 2) 2015 Budget FISCAL IMPACTS (Include Budgeted Amount): Anticipated contributions of$4,765,000 for 2015 are included in the 2015 adopted budget. STUDY SESSION AGENDA: ® No Presentation ❑ Full Presentation STUDY SESSION ACTION: © Consent Agenda ❑ General Business ❑ Public Hearing RECOMMENDED MOTION: Move to pass Ordinance No. 5273 creating Chapter 3.32 of the BMC relating to the Self-Insured Health and Welfare Reserve Fund and to adopt the 2015 budget as presented. COUNCIL ACTION: [,]Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/07/15