Finance officer projects $500,000–$1 million health-insurance surplus; pay-plan ordinance advances to full Board

At a Committee on Accounts meeting of the Manchester Board Mayor & Aldermen, Sharon Wiccans, finance officer, told aldermen the city is on track to produce a surplus on the health-insurance line and reported other revenue gains while an ordinance to implement a modernized employee compensation plan advanced from committee to the full Board.

Wiccans said the finance department expects a health-insurance surplus “at least a half a million dollars. It could be up to a million dollars depending on on claims.” She told the committee the city’s benchmark for the average unobligated balance after 10 months is 16.767 percent and that the city’s overall unobligated percentage after 10 months was 19.56 percent. “All departments [are] within 10% of this benchmark with the exception of the Department of Public Works,” she said.

The finance officer reported mixed revenue…