HomeMy WebLinkAboutResolutions - 1989.08.17 - 17300MISCELLANEOUS RESOLUTION #89197
August 17, 1989
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDFIL, CHAIRPERSON
IN RE: MANAGEMENT AND BUDGET - FRINGE BENEFIT FUND 1989 BUDGET AMENDMENT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the 1989 Fringe Benefit Fund Budgets were formulated as part of
the County Executives 1989 Budget Recommendation in August, 1988 and have not
been updated to reflect salary increases, added positions and benefit rate
modifications; and
WHEREAS the Departmental Budgets have been amended on a regular basis to
reflect these changes thereby providing sufficient funds to meet the
increased costs; and
WHEREAS the impact of these changes results in an estimated increase in
charges to Departmental Budgets of $2,788,533 as indicated on attached
Schedule A; and
WHEREAS compliance with Generally Accepted Accounting Principles requires
the balancing of estimated revenue for Internal Service Funds with the
appropriations authorized in Departmental Budgets; and
WHEREAS a procedure has been established in the Department of Management
and Budget to ensure the maintenance of this balance in the future.
NOW THEREFORE BE IT RESOLVED that the Board of commissioners authorizes
the following amendments to the Fringe Benefit Fund Budgets for the purpose
of balancing estimated revenue for the Internal Service Funds with the
appropriations previously authorized in Departmental Budgets.
Fringe Benefit Funds
Revenue:
3-73500-915-01-00-1076
3-73500-915-01-00-1078
3-73500-915-01-00-1079
3-73500-915-01-00-1080
3-73500-915-02-00-1075
3-73510-915-03-00-1082
Current Proposed Amendment
Group Life $ 234,000 $ 336,000 $ 102,000
Hospitalization 10,994,467 11,890,000 895,533
Social Security 6,380,000 7,025,000 645,000
Dental/Optical 1,180,000 1,500,000 320,000
Worker's Comp. 985,000 1,841,000 856,000
Unemployment Comp. 130,000 100,000 (30,000)
$2,788,533
Y APPROVE THE.,,FOREGOING RESOLUTION
Expenses:
4-73500-915-01-00-2076 Group Life $ 234,000 $ 336,000 $ (102,000)
4-73500-915-01-00-2078 Hospitalization 10,994,467 11,890,000 (895,533)
4-73500-915-01-00-2079 Social Security 6,380,000 7,025,000 (645,000)
4-73500-915-01-00-2080 Dental/Optical 1,180,000 1,500,000 (320,000)
4-73510-915-89-00-2075 Worker's Comp. 985,000 1,841,000 (856,000)
4-73520-915-03-00-2082 Unemployment Comp. 130,000 100,000 30,000
$(2,788,533)
Mr. Chairperson, on behalf of the Finance Committee, I move adoption of
the foregoing resolution.
FINANCE COMMITTEE
mrm&bfringe
ADOPTED
BUDGET
AMENDED
BUDGET
$ 3,008,719
$ 784,000
$13,256,000
$ 336,000 $
$11,890,000 $
$ 7,025,000 $
$ 1,500,000 $
$ 850,000
$ 850,000
$ 1,841,000 $
$ 100,000 $
41,440,719 2,788,533
102,000
895,533
645,000
320,000
856,000
(30,000)
NET INCOME (LOSS) $ 0 (439,000) (439,000)
OAKLAND eUUNTY Vta"hmTmeAT
INTERNAL SERVICES •
1989 SECOND QUARTER FORECAST
1989 VARIANCE
FORECAST FAV/(UNFAV) COMMENTS
FRINGE BENEFITS
REVENUES
RETIREMENT-HOSP $ 1,230,000 $ 3,008,719
RETIREMENT-ADMIN $ 1,000,000 $ 784,000
RETIREMENT-CONTRB $13,790,000 $13,256,000
GROUP LIFE $ 234,000 $ 234,000
HOSPITALIZATION $ 7,930,000 $10,994,467
SOCIAL SECURITY $ 6,380,000 $ 6,380,000
DENTAL/OPTICAL $ 1,180,000 $ 1,180,000
DISABILITY $ 850,000 $ 850,000
PERSONNL TURNOVER $ 850,000 $ 850,000
WORKER'S COMP $ 985,000 $ 985,000
UNEMPLOYMENT $ 130,000 $ 130,000
TOTAL REVENUES 34,559,000 38,652,186
REVENUES ARE FAVORABLE DUE TO INCREASE NUMBER OF
EMPLOYEES AND WORKERS' COMPENSATION RATE CHARGED
TO DEPARTMENTS PARTIALLY OFFSET BY INCREASED
EXPENDITURES AND CHARGES FOR SICK AND ANNUAL LEAVE
CASH-INS.
EXPENSES
S/A LEAVECASH-IN
RETIREES' HOSP
RETIREMENT ADMIN
RETIREMENT CONTRB
GROUP LIFE
HOSPITALIZATION
SOCIAL SECURITY
DENTAL/ OPTICAL
DISABILITY
WORKERS' COMP
UNEMPLOYMENT
TOTAL EXPENSES
1,230,000
1,000,000
13,790,000
234,000
7,930,000
6,380,000
1,180,000
1,700,000
985,000
130,000
3,008,719
784,000
13,256,000
234,000
10,994,467
6,380,000
1,180,000
1,700,000
985,000
130,000
600,000
3,008,719
784,000
13,256,000
480,000
11,585,000
7,025,000
1,500,000
1,700,000
1,841,000
, 100,000
(600,000)
(246,000)
(590,533)
(645,000)
(320,000)
(856,000)
30,000
34,559,000 38,652,186 41,879,719 (3,227,533)
AMENDED BUDGET AND 1989 FORECAST FOR HOSPITALIZATION INCLUDE A ONE TIME
ADJUSTMENT OF $1,164,467 FOR CREATION OF RESERVE FOR INCURRED BUT NOT
REPORTED CLAIMS FOR NEW SELF INSURANCE PROGRAM PER M. R. #89166.
PREPARED BY BUDGET DIVISION-NF
JULY 24, 1989
MFORECASTFB
Resolution # 89197 August 17, 1989
this 17th 'day of August , 1989
e_ci -Pfster of Deeds RegYster of Deeds
LYNN/D. ALLEN, County Clerk/.
Moved by Caddell supported by Crake the resolution be adopted.
AYES: Gosling, Hobart, Johnson, R. Kuhn, S. Kuhn, McConnell, McCulloch,
McPherson, Moffitt, Oaks, Olsen, Pappageorge, Pernick, Price, Rewold, Skarritt, Wolf,
Aaron, Bishop, Caddell, Calandra, Chester, Crake, Ferrens. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
1, Lynn D. Allen, Clerk of the County of Oakland -and having a seal,
do hereby certify that I Have compared the annexed copy of the attached
resolution adopted by the Oakland County Board of Commissioners at their regular
meeting held on August 17, 1989
with the oricinal record thereof now remaining in my office, and
that it is a true and correct transcript therefrom, and of the
whole thereof.
In Testimony Whereof, have hereunto set my hand and affixed the
seal or said County at Pontiac, Michigan