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Littleton council approves $975,000 amendment to 2024 budget for employee health and liability funds
Summary
On second reading the council unanimously approved Ordinance 32-2024 to amend the 2024 budget, increasing appropriations for the city's self-funded employee health plan and property-and-liability insurance by a combined $975,000 to cover excess claims and premium timing differences.
The Littleton City Council unanimously approved Ordinance 32-2024 on second reading to amend the city's 2024 budget and appropriate $975,000 from fund balances to two internal funds: the self-funded employee health insurance fund and the property-and-liability (P&L) fund.
Finance Director Tiffany Hooten told council the health insurance fund requires an additional $850,000…
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