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Committee reviews 2025 operating assumptions amid rising health and property insurance costs
Summary
Staff outlined key assumptions for the 2025 operating budget: a COLA near 3% (approx. $216,000), health insurance increases (about 10.8%, adding ~$128,000), and a 21.7% property insurance increase tied to adding the treatment plant, with staff noting some numbers may be adjusted before budget close.
The committee reviewed high‑level operating budget assumptions that staff will use to prepare 2025 budget documents.
A presenter summarized the primary expense changes: a cost‑of‑living adjustment trending near 3% (budget‑to‑budget impact ~ $216,000), health insurance premium increases near 10.81% (an increase of roughly $128,000 given current census), and a property/asset insurance increase of roughly 21.7 (about $80,000) primarily because the treatment plant and new assets were added to the property schedule.
Staff said some of the numbers — including property schedule items — could be refined after further work with brokers and review of field conditions. The presenter also noted the committee is awaiting the results of the district’s 2025–2029 rate study before making recommendations on water and sewer rates, and that parks and recreation fees will be evaluated after the season ends.
Committee discussion included clarifying the composition of insurance increases (property, general liability, cyber) and whether brokers’ on‑site evaluations could reduce initial estimates.
