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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 to cover higher-than-anticipated medical and prescription claims and a more expensive-than-expected health clinic. Hooten said the city is self-funded for employee health claims, meaning the city pays claims and collects premiums rather than purchasing a fully insured plan. The additional P&L request of $125,000 reflects finalized premium estimates that exceeded earlier assumptions.
Hooten said the increases will be drawn from the funds' existing balances; she estimated the health insurance fund's balance would be about $380,000 at year-end 2024 after the amendment and the P&L fund balance about $900,000. She told council staff will monitor claims in 2025 and pursue procurement or plan design options to seek savings.
Council had no public speakers on the item. After a motion and second, the council voted 7–0 to adopt the ordinance on second reading.
The ordinance amends only internal funds and does not affect the General Fund, staff said. Hooten said the city will watch the health fund balance and consider options — including plan alternatives or renegotiation with providers — during the 2025 procurement cycle.
