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Committee reviews plan to create internal self-insurance fund and $85,000 Samaritan Fund purchase order
Summary
Committee members discussed establishing a new internal self-insurance fund (024) funded by payroll-deducted rates and a proposed $85,000 purchase order to a Samaritan Fund to offset high-cost claimants; members flagged staffing needs, invoicing changes and that the fund still requires a formal board vote.
The Finance/Personnel Committee discussed a proposal to create a new internal self-insurance fund, referred to in the meeting as fund 024, to hold employee and employer shares used to pay health-claim invoices.
Speaker 2 explained the fund would be funded by payroll rates for both employees and the board share and would operate as an expense and receipt within the district rather than as a transfer. The district expects to receive invoices directly for claims, possibly on a weekly basis, and to set payroll rates in the district payroll system so contributions flow into fund 024. Speaker 2 said the district…
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