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City accepts June treasurer report; sets employee insurance stipend at $724.26/month
Summary
Council accepted the June Treasurer Report and established the employee health insurance stipend at the individual Select Blue premium of $724.26/month, reflecting an annual city savings of $4,418.52 after employee plan changes.
City Clerk Whitney Anderson presented and the council accepted the June Treasurer Report. The minutes record the General Fund month-to-date net gain of $126,439.24 and a year-to-date net gain of $42,822.06; the Utility Fund had a month-to-date net gain of $13,786.30 and a year-to-date net loss of $52,353.25; Debt Service had a month-to-date net gain of $12,604.27 and a year-to-date net loss of $36,243.42.
Anderson reported that moving five employees from the Network Blue plan to the Select Blue-only option yielded an annual city savings of $4,418.52. Council set the monthly individual health insurance stipend at the Select Blue premium rate of $724.26 (motion by Kyle Phillips, seconded by Matthew Carr; unanimous roll call).
