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Committee hears update on city health‑insurance trust fund; no figures available yet
Summary
The finance committee was told the city’s health‑insurance trust fund balance will be provided after month‑end reconciliation; staff will return with September and later reconciliation at the next meeting.
Committee members on Oct. 15 heard a status update on the city’s health‑insurance payments and trust fund and were told a current balance was not yet available.
The mayor said the city typically receives the trust‑fund balance at the close of each month and that reconciliation reports from the broker determine the figure. He said the September balance had been available at the last meeting and that the committee should expect updated balances at the next meeting in early November once the broker’s reconciliation is complete.
No action was taken and the committee kept the item on the calendar for the next meeting.
