Finance Item/Grant Request Template
Date Submitted: 10-28-19
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
Name: Rachel Bardin and Stephanie Adams
Email: Rachel.Bardin@denvergov.org; Stephanie.Adams@denvergov.org
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance establishing a new fund in the Payroll Clearing Fund Series for the "Medical Self-Insurance" program and the means for authorizing expenditures for such fund.
Establishes the Medical Self-Insurance Program Fund to administer a medical self-insurance program as part of the benefits package for City employees and appropriates the 2020 budget for this program. The Committee approved filing this item at its meeting on 11-5-19.
body
Affected Council District(s) or citywide? Citywide
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
For 2020 the City will be converting part of its medical insurance benefits to self-insured. Specifically, in 2020, the City's contract with United Healthcare will be self-insured. The 2020 appropriation will include dollars for 2020 claims, administrative cost and the initial reserves. Additionally, the initial reserve will be funded through a transfer of surplus reserves from the Dental Self-Insurance Fund. This will be an appropriated, lapsing fund. The Personnel Director of the Office of Human Resources...
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