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Committee hears health insurance trust fund balance; agrees to retain item in committee
Summary
The committee received an update that the city's health insurance trust fund balance was $2,148,921.52 and agreed to keep the item on the committee agenda for further monitoring.
City of Garner committee members received an update on the city’s health insurance payments and trust fund and agreed to keep the matter on the committee’s agenda for further monitoring.
At the meeting a staff speaker identified as Mr. Smith provided the trust fund balance: “Our trust fund ... the trust fund balance is currently $2,148,921.52.” A committee member asked for clarification about a $2,000,000 figure referenced during the discussion; the staff speaker confirmed the $2,148,921.52 balance and members agreed to continue monitoring the account.
Committee members said they had no further questions at the time and asked that the item remain before the committee. One member stated, “If there's no objection, I'd like to keep continue to keep this item as part of our our committee,” and the chair confirmed the item will remain on the committee agenda. No policy changes or expenditures were approved at the meeting.
The update was presented as informational. Committee members did not detail any immediate budget transfers or changes to insurance payments during the discussion; staff and the auditor were referenced as the sources of the balance information.
