HomeMy WebLinkAbout07-18-11 Regular Meeting of the Chapter 172 Employee Retiree Insurance and Benefits Board Meeting L
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Notice of Meeting of the City of La Porte
Chapter 172 Employee Retiree Insurance and Benefits Board
Notice is hereby given of a meeting of the Chapter 172 Employee Retiree Insurance and
Benefits Board to be held on July 18, 2011, at 5:30 PM, in the Council Conference
Room at City Hall, 604 W. Fairmont Pkwy, La Porte, Texas, regarding the items
according to the agenda below:
1. Call to Order
2. Discuss 2011 -2012 Employee Medical Benefits
3. Administrative Reports
4. Board Comments — Matters appearing on the agenda; Recognition of community
members, city employees, and upcoming events; Inquiry of staff regarding specific
factual information or existing policy
5. Adjournment
In compliance with the Americans with Disabilities Act, the City of La Porte City will
provide for reasonable accommodations for. persons attending public meetings. To better
serve attendees, requests should be received 24 hours prior to the meeting. Please
contact Patrice Fogarty, City Secretary, at 281.470.5019.
CERTIFICATION
certify that a copy of the July 18, 2011, agenda of items to be considered by the Chapter 172
Employee Retiree Insurance and Benefits Board was posted on the City Hall bulletin board on
July 13, 2011.
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Patrice Fogarty, City Secretary
I certify that the attached notice and agenda of items to be considered by the Chapter 172
Employee Retiree Insunce and Be rd was removed by me from the City Hall bulletin
board on the 19_ day o l 2011.
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City of La Porte
Preliminary Fund Summaries
Insurance Fund (14)
Liability Employee
Insurance Health Services Fund Total
Beginning Fund Balance 9/30/10 365,788 2,079,053 2,444,841
Plus Estimated 10 -11 Revenues 506,574 4,042,323 4,548,897
Less Estimated 10 -1 1 Expenditures 175,816 4,808,943 4,984,759
Equals Estimated Fund Balance 9/30/11 696,546 1,312,433 2,008,979
Plus 11 -12 Projected Revenues: 483,771 4,054,068 4,537,839
Equals Total Resources 1,180,317 5,366,501 6,546,818
Less 11 -12 Requested Expenditures: 495,224 4,839,315 5,334,539
Equals Estimated Fund Balance 9/30/12 685,093 527,186 1,212,279
Liability Insurance Division Estimated Projected
2010 -11 2011 -12
Revenues 506,574 483,771
Expenditures 175,816 495,224
Estimated Fund Balance Usage 330,758 (11,453)
Employee Health Services Division Estimated Projected
2010 -11 2011 -12
Revenues 4,042,323 4,054,068
Expenditures 4,808,943 4,839,315
Estimated Fund Balance Usage (766,620) (785,247)
Employee Health Services Division
Targeted working capital - 9010 120 days
Estimated working capital - 40 days
Goal: 51,193,256
1 Day = $13,258
Liability Insurance Division
Targeted working capital - 90 to 120 days
Estimated working capital - 505 days
Goal: 5122,110
1 Day = $1,357
6/22/2011 2:28 PM