03/19/2012 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Minutes of the Regular Meeting of Council Monday, March 19, 2012 Page 23 - Council President Buckholtz asked if there were any questions. There were none. Roll Ca11: AYES: All Motion Carried NAYS: None Recommendation Approved Motion to allow the Finance Director to fund Medical Expense Reimbursement Plan (MERP) accounts for those employees selecting the Medical Mutual High Deductible Plan. Funding amounts are $2,000 for a single employee and $4,000 for an employee with spouse and/or dependents. Mrs. Mills, seconded by Mr. Marquardt, made a motion to allow the Finance Director to fund Medical Expense Reimbursement Plan (MERP) accounts for those employees selecting the Medical Mutual High Deductible Plan. Funding amounts are $2,000 for a single employee and $4,000 for an employee with spouse and/or dependents. Council President Buckholtz asked if there was any discussion. Mr. Wynne explained, as part of our renewal this year for our medical plans, there were three different plans offered. There are significant savings realized by employees who sign up for that plan. We will be funding the deductibles of $2,000-4,000. Even if every employee selects this plan over the next 3 years, the total we will be saving is about $40,000-50,000 in medical insurance premiums. Council President Buckholtz stated, good job Ron. Any other comments? There were none. Roll Ca11: AYES: All NAYS: None Motion Carried Funding Approved Motion to acknowledge receipt of financial reports for February 2012 and to approve of same as submitted. Mrs. Mills, seconded by Mr. Marrie, made a motion to acknowledge receipt of fmancial reports for February of 2012 and to approve of same as submitted. Council President Buckholtz asked if there was any discussion. Mr. Wynne explained, in the report it mentions that through February our tax collections were down by about $500,000. Our receipts from RITA for the month of March are ahead of last year's by $200,000, so for the first three months of the year, we are down about $300,000 which is far better than I expected knowing that last year was such an unusual high year for us tax collection wise because of corporate bonuses. We will start seeing tax collections level off to normal levels for the balance of the year. I think we came out of the first quarter, only being down $300,00 is a pretty good sign of how the rest of the year is going to shake out.