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<br /> )Ol(t, <br /> . ~ <br /> City of San .Nlarcos <br /> Renewal Rate and Funding Analysis <br /> (Including rued costs) - <br /> Current: V.S. Benefits <br /> Monthly Annually <br /> Funding $ 115,000,00 $ 1,380,000.00 <br /> Costs: <br /> . ~- - Fixed Costs 16,058,00 192,696.00 <br /> Estimated Claims 74,888.00 898,656.00 <br /> Balance: (overfunded) $ 24,054.00 $ 288,648.00 <br /> Estimated Year End Claims Fund Account Balance $400,000. - <br /> Last Year end incurred but not reported (IBNR) claims were 17% of paid claims <br /> . . as reported in the CAFR <br /> Option I: Trustmark <br /> Monthly Annually <br /> Funding $ 133,199.12 $ 1,598,389.44 <br /> . <br /> Costs: <br /> Fixed Costs 14,201.00 170,412,00 <br /> Estimated Claims 129,468.00 1,553,616.00 <br /> Balance: (underfunded *) -10,469.88 -125,638.56 <br /> Start of Year Fund Balance 400,000.00 <br /> End of Year Fund Balance ** 274,361.44 <br /> Option ll: V.S. Benefits (current stop loss carrier) <br /> Monthly Annually <br /> Funding 133,199.12 1,598,389.44 <br /> Costs: <br /> Fixed Costs 17,337.00 208,044.00 <br /> Estimated Claims 137,883.00 1,654,596.00 <br /> Balance: (underfunded *) -22,020.88 -264,250.56 <br /> Start of Year Fund Balance 400,000.00 <br /> End of Year Fund Balance 135,749.44 <br /> *Use of existing plan fund balance. <br /> ** Recommended bid award through interlocal agreement with T~-[L-GBRP.Provides balance <br /> of 17.66% reserve based on $1,553,616 attachment point. <br />