DISTRIBUTED OVERHEAD & FRINGE BENEFITS

Similar documents
GENERAL FUND REAL ESTATE TAXES. Total Real Estate Taxes $ 7,993,595 $ 8,287,442 $ 8,055,000 $ 8,232,500 $ 8,278,500

Human Resource Director. Human Resource Analyst

Human Resource Director. Human Resource Analyst

GENERAL FUND REVENUES FUND 100 November 1, 2012 to April 30, 2013

SANITARY SEWER FUND PUBLIC WORKS

2019 General Fund Budget

2018 Proposed Budget

BOROUGH OF SWISSVALE GENERAL FUND 2018 BUDGET

SPECIAL COUNCIL MEETING JANUARY 5, Present: Renee C. Burgess, Vernal C. Cox, October Hudley, Sandra R. Jones, David Lyons, Charnette Frederic

FINANCE DEPARTMENT Monthly Report General Fund and Sewer Fund As of May 31, 2013

Village of DeForest 2018 Adopted Budget

Budget Resolution

CITY OF EAST TAWAS Budget

Township of Hillsborough

04/03/ :16 AM User: DAN DB: Bath

Township of Middletown

MARION COUNTY FY BUDGET BY DEPARTMENT ASSESSOR ASSESSOR/TAX. Special Projects MISSION STATEMENT

TOWNSHIP OF BLOOMFIELD 2016 TAX RATE

2019 Budget KEY FINANCIAL HIGHLIGHTS

Charter Township of Plymouth

TOWNSHIP OF HAZLET COUNTY OF MONMOUTH, NEW JERSEY AUDIT REPORT FOR THE YEAR ENDED DECEMBER 31, 2017

TOWN OF WATERFORD, CONNECTICUT. ADOPTED BUDGET Fiscal Year - July 1, 2017 June 30, 2018

TOWN OF CHEEKTOWAGA Preliminary Budget Hearing October 24, 2017

D E F I N I T I O N S

AN APPROPRIATION ORDINANCE

GENERAL FUND REVENUES AND EXPENDITURES FY Through March % of Budget Year

Township of Haverford

CITY OF EAST TAWAS Budgets. Adopted

2019 ANNUAL BUDGET Approved by the Board of Supervisors on December 10, 2018 during an advertised public meeting.

Fox Township Supervisors General Fund Proposed 2019 Budget

TOWNSHIP OF UPPER ST. CLAIR LONG-TERM PLAN

2019 BUDGET. General Fund Revenues

2018 Budget Plan Executive Summary

Kenton County Fiscal Court Summary FY 2019

11/01/ :50 PM. REVENUE AND EXPENDITURE REPORT FOR BATH TOWNSHIP Page: 1/22 User: DAN DB: Bath PERIOD ENDING 10/31/2017

WEST HEMPFIELD TOWNSHIP. Financial Statements. Year Ended December 31, 2015

WEST HEMPFIELD TOWNSHIP. Financial Statements. Year Ended December 31, 2013

BUDGET WORK SESSION NOTICE OF OPEN MEETING

Stutsman County 2018 Budget Presentation

2016 WEST DEER TOWNSHIP BUDGET 01 General Fund -- Revenues Adopted 16 December 2015

IN GOD WE TRUST. City of Livonia, Michigan. Financial Report with Supplemental Information

Kenton County Fiscal Court. Summary. Summary

Fund FY 2015 FY 2016 FY 2017 YTD FY 2017 Original Budget Adjustments Current Budget July August FY 2018 YTD

TOWN OF WATERFORD, CONNECTICUT. ADOPTED BUDGET Fiscal Year - July 1, 2018 June 30, 2019

THIS PAGE INTENTIONALLY LEFT BLANK

CITY OF RYE 2019 TENTATIVE BUDGET PRESENTATION By: Joseph S. Fazzino, Deputy Comptroller Marcus A. Serrano, City Manager.

REVENUES ACCT # ACCOUNT NAME 2011/12 BUDGET

City of Williston Fiscal Year 2017/2018 Adopted Budget

Clerk of Circuit Court Lee County, Florida

CAPITAL PROJECTS FUND VARIOUS DEPARTMENTS

SPRINGFIELD PARK DISTRICT SPRINGFIELD, ILLINOIS ANNUAL FINANCIAL REPORT. For the Year Ended April 30, 2017

LONDON BRITAIN TOWNSHIP LANDENBERG, PENNSYLVANIA CHESTER COUNTY

ADOPTED TWO YEAR OPERATING BUDGET FISCAL YEAR FISCAL YEAR

CITY OF EASTLAKE LAKE COUNTY REGULAR AUDIT

CITY OF GALVA, ILLINOIS ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED APRIL 30, 2015

SAN FRANCISCO MUNICIPAL TRANSPORTATION AGENCY

VILLAGE OF WARSAW COSHOCTON COUNTY TABLE OF CONTENTS. Independent Auditor s Report... 1

Charter Township of Benton, Michigan. Financial Report with Supplemental Information December 31, 2011

BUDGET FINAL BUDGET

REPORT Finance and Information Technology

Township Manager s Proposed 2016 Municipal Budget

The City of Saratoga Springs 2019 Comprehensive Budget. Commissioner of Finance Michele Madigan

BUDGET BEGINNING BALANCE REVENUE EXPENSES ENDING BALANCE GENERAL FUND - REVENUE BEGINNING BALANCE -

TOTAL TAXES 5,789,395 5,518,500 4,902,272 5,730,002 6,460, ,736

Macomb County, Michigan

SCHUYLKILL TOWNSHIP ANNUAL AUDIT AND FINANCIAL REPORT DECEMBER 31, 2017

CITY OF TONGANOXIE, KANSAS FINANCIAL STATEMENTS. Year ended December 31, 2010

TOWN OF SARATOGA 12 Spring Street Schuylerville NY 12871

TOWN OF SARATOGA 12 Spring Street Schuylerville NY 12871

City of Bonney Lake Statement of Net Assets December 31, Governmental Activities

City of Harrisburg, Pennsylvania Sewer Revenue Trust Fund

FUND DESCRIPTIONS FY 2015 PROPOSED BUDGET SUMMARY

Total Operating Revenue 1,137,197 1,360,275 1,450,000 1,450,000

CITY OF WAYNE, MICHIGAN

NONMAJOR GOVERNMENTAL FUNDS

FINANCIAL POLICIES ADOPTED BIENNIAL BUDGET CITY OF MOUNTLAKE TERRACE

CITY OF JACKSONVILLE, ILLINOIS ANNUAL FINANCIAL REPORT. For the Year Ended December 31, 2017

WAKULLA COUNTY, FLORIDA

2019 Budget PROPOSED Budget & Finance Budget & Finance

PICA Staff Report on the City of Philadelphia s Quarterly City Managers Report for the Second Quarter of FY2013

> 4u. In i 33 iw, 1? & iiiii ife!^ I IIIlie * HI. fa-4 I!««: i! . ca? Ron Galperin. Controller

Best Practices for Treasurers 2018 Summer Specialized Training RESPONSIBILITIES OF THE TREASURER

A Quick Guide to the FY 11 Adopted Budget Department of Management and Budget

FINANCE DEPARTMENT Monthly Report General Fund and Sewer Fund As of March 31, 2014

INTERNAL SERVICE FUNDS

CITY OF BELLINGHAM MONTHLY FINANCIAL REPORT JULY 2018 JULY IS THE SEVENTH MONTH OF THE YEAR 58.33% COMPLETE

Lower Swatara Township General Fund Budget Budget ******************* 2010 Budget

City of Taylor, Michigan. Financial Report with Supplemental Information June 30, 2017

CORNERSTONE METROPOLITAN DISTRICT NO. 1 FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS.

2018 WEST DEER TOWNSHIP BUDGET 01 General Fund -- Revenues Final Budget

Spring Garden Township Commonwealth of Pennsylvania's Municipal Annual Audit and Financial Report

City of Garden City Fiscal Year Budget

Ci bbd. West Brandywine Township West Brandywine, Pennsylvania Chester County. Annual Audit and Financial Report December 31, 2017

NEW HANOVER TOWNSHIP

Town of Smithfield. Monthly Financial Statements Fiscal Year For the Month Ended August 31, 2018

TREDYFFRIN TOWNSHIP FINANCIAL REPORT TWO MONTHS ENDING FEBRUARY 28, YTD Revenue Expense Total

CHARTER TOWNSHIP OF COMMERCE OAKLAND COUNTY, MICHIGAN FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2016 AND INDEPENDENT AUDITORS REPORT

2019 Operating Budget. City of Racine, Wisconsin

City of Laguna Woods Central Service Cost Allocation Plan and Indirect Cost Rate Calculation "Full Cost Plan"

East Whiteland Township 2016 Approved Budget. December 9, 2015

Transcription:

252

DISTRIBUTED OVERHEAD & FRINGE BENEFITS 2015 2016 2017 2017 2018 Actual Actual Budget Estimate Budget Personal Services $ 3,361,231 $ 3,360,935 $ 3,643,714 $ 3,651,375 $ 3,964,436 Less: Dist. Operating Costs (3,384,033) (3,365,597) (3,643,714) (3,651,375) (3,964,436) Total Personal Services $ (22,802) $ (4,662) $ - $ - $ - DISTRIBUTED OVERHEAD & FRINGE BENEFITS OVERVIEW This account represents the Township's total cost for Social Security, Group Life Insurance, Medical Insurance, Workers Compensation Insurance, Long-term Disability Insurance, Unemployment Compensation and Retirement Fund Contributions for Township employees. All fringe benefit costs are allocated to specific departments or funds, except for Unemployment Compensation. Please refer to the schedule on the following page for a breakdown of the allocation. DEPARTMENT EXPENDITURES Distributed Overhead & Fringe Benefits 2015 2016 2017 2017 2018 01-90-902-500???-000 Actual Actual Budget Estimate Budget Personal Services 160 Social Security Expense $ 679,368 $ 792,699 $ 720,594 $ 717,182 $ 735,732 162 Group Life Insurance 45,922 29,611 39,621 39,621 46,515 163 Medical Insurance 1,437,509 1,446,161 1,788,141 1,800,214 1,922,373 164 Workers' Compensation 344,655 364,977 437,849 437,849 454,900 165 Unemployment Compensation 2,640 13,059 16,000 16,000 16,000 166 Pension Costs 831,635 697,789 619,700 618,700 765,770 167 Long-term Disability Insurance 19,502 16,639 21,809 21,809 23,146 199 Less: Dist. Operating Costs (3,384,033) (3,365,597) (3,643,714) (3,651,375) (3,964,436) Total Personal Services $ (22,802) $ (4,662) $ - $ - $ - BUDGETARY COMMENT In 2018, the total overhead Fringe Benefit expense is estimated at $3,964,436, which is an increase of $320,722 or 8.8% from the 2017 Budget. The change is primarily due to the increase in medical and pension costs. 253

DISTRIBUTED OVERHEAD & FRINGE BENEFITS FRINGE BENEFIT DISTRIBUTION Fund - Acct. Social Life Medical Workers' Pension LTD No. Program Security Insurance Insurance Comp. Costs Insurance 01-101 Commissioners $ 643 $ - $ - $ - $ - $ - 01-102 Administration 39,810 3,741 106,584 2,601 45,231 1,585 01-103 Finance Office 11,708 1,163 35,114 910 12,755 467 01-104 Tax Collection 2,696 272 6,862 228 3,282 108 01-106 Information Technology 16,715 1,705 49,361 1,203 16,388 667 01-107 Cable Television 3,126 310 16,553 267 3,064 125 01-201 Police 253,236 16,320 550,959 186,803 289,836 8,871 01-202 VFD 2,240 182 8,239 34,264 1,614 89 01-301 Comm. Development 28,960 2,752 135,479 1,951 28,356 1,153 01-501 Recreation - Admin 4,265 427 12,780 14,957 4,061 165 01-502-530 Recreation Programs 8,126 - - - - - 01-601 Library 44,822 2,326 91,420 6,178 17,010 914 01-499 Public Works 143,185 7,766 411,030 113,583 267,469 5,449 01-904 Post Employment Benefits - 980 159,699 - - - 14-601 Library RAD Fund 9,735 814 46,493 1,171 5,238 319 50-425 Sanitary Sewer 13,349 1,192 27,945 1,171 12,835 482 52-102 BM Park RAD Fund 19,336 465 19,297 390 4,690 191 53-50-501 BM Rec 134,575 6,094 257,654 89,223 53,659 2,582 Total Benefits $ 736,527 $ 46,509 $ 1,935,469 $ 454,900 $ 765,488 $ 23,167 Fringe benefit costs for Administration, Finance, Information Technology, Police, Community Development, Public Works, Recreation Administration and Library Administration are based on actual costs per employee. Fringe benefit expenses for all other Public Works programs also include wages for vacation and sick days, craft wages and uniform rental costs. Social Security contributions are the only costs allocated to recreation programs. $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 2010-2018 Fringe Benefit Trends $- 2010 2011 2012 2013 2014 2015 2016 2017 2018 Medical Insurance Workers' Comp Pension Costs 254

DISTRIBUTED OVERHEAD & FRINGE BENEFITS FRINGE BENEFIT REIMBURSEMENTS (See General Fund Revenue-Other Non-Tax Revenue ) Medical Insurance All Township employees are required to contribute an amount towards their medical insurance premiums through a payroll deduction. Listed below is a breakdown of the contribution stipulations and the anticipated contributions per employee group. Teamsters Local 205 TBD for 2018 (was 4% of premiums in 2017) Police Officers 6% of premiums Police Dispatchers 6% of premiums All other Non-contractual Employees 10% of premiums Retired Police Officers Responsible for all premium increases above retirement year premium amount 2018 Budget Medical Insurance Employee Reimbursements Police Officers $ 22,700 Non-Contractual Employees 76,000 Teamsters 17,100 Dispatchers 2,200 Total Employee Reimbursement $ 118,000 Net % of Medical Insurance 6.1% Workers Compensation The Township belongs to a trust that pools multiple government entities for the administration of workers compensation insurance. This managed care plan reduces costs, risks, and returns surplus funds to members in the form of annual dividends. Below is a history of the net cost to the Township for workers compensation. Actual Actual Actual Actual Actual Actual Actual Estimated Budget 2010 2011 2012 2013 2014 2015 2016 2017 2018 WC Premium $480,226 $517,371 $406,433 $352,136 $368,439 $344,655 $364,977 $437,849 $454,900 WC Dividends (53,077) (69,449) (81,055) (128,586) (141,038) (175,072) (156,696) (128,247) (105,000) Net Premium $427,149 $447,922 $325,378 $223,550 $227,401 $169,583 $208,281 $309,602 $349,900 Pension Costs Act 205, the Commonwealth of Pennsylvania's Municipal Pension Law, mandates that information regarding the Township's minimum pension obligations be included in the budget. The anticipated pension expenses are partially offset by the State Pension Grant as shown below: Public Works Management Employees Police & Admin Pension Pension Pension Total 2018 Minimum Municipal Obligation $ 245,558 $ 267,335 $ 252,877 $ 765,770 Less: State Pension Grant (127,400) (218,400) (286,650) (632,450) Difference - Net Cost to Township $ 118,158 $ 48,935 $ (33,773) $ 133,320 255

DISTRIBUTED INSURANCE 2015 2016 2017 2017 2018 Actual Actual Budget Estimate Budget Contractual Services $ 192,468 $ 189,008 $ 199,400 $ 199,400 $ 204,552 Less: Dist. Operating Costs (160,249) (156,867) (169,100) (169,100) (173,352) Total Contractual Services $ 32,219 $ 32,141 $ 30,300 $ 30,300 $ 31,200 DISTRIBUTED INSURANCE OVERVIEW This account represents the Township's cost for General Liability Insurance. In 2018, the total cost will be distributed based on actual costs. DEPARTMENT EXPENDITURES Distributed Insurance 2015 2016 2017 2017 2018 01-90-903-500???-000 Actual Actual Budget Estimate Budget Contractual Services 199 Less: Dist. Operating Costs $ (160,249) $ (156,867) $ (169,100) $ (169,100) $ (173,352) 220 Umbrella Policy 10,470 10,700 11,300 11,300 11,900 221 Special Multi-Peril Policy 143,946 139,500 147,200 147,200 151,452 223 Employment Practices Liability 20,107 20,863 22,000 22,000 22,800 224 Pollution Liability 7,945 7,945 8,900 8,900 8,400 295 Brokerage Services 10,000 10,000 10,000 10,000 10,000 Total Contractual Services $ 32,219 $ 32,141 $ 30,300 $ 30,300 $ 31,200 BUDGETARY COMMENT The 2018 Budget reflects an increase of $900 over the 2017 estimate due to various minor adjustments in premiums. THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK 256

POST EMPLOYMENT BENEFITS POST-EMPLOYMENT BENEFITS OVERVIEW These accounts represent Post-Employment benefits paid to Township retirees as a part of negotiated labor Agreements and COBRA Insurance Benefits paid on behalf of former employees. DEPARTMENT EXPENDITURES Post Employment Benefits 2015 2016 2017 2017 2018 01-90-904-500???-000 Actual Actual Budget Estimate Budget Personal Services 162 Group Life Insurance $ 558 $ 677 $ 1,022 $ 1,022 $ 980 163 Medical Insurance 102,116 101,086 137,145 137,145 149,699 Total Personal Services $ 102,674 $ 101,763 $ 138,167 $ 138,167 $ 150,679 COBRA Insurance Benefits 2015 2016 2017 2017 2018 01-90-905-500???-000 Actual Actual Budget Estimate Budget Personal Services 163 Medical Insurance $ 1,213 $ 121 $ 10,000 $ 10,000 $ 10,000 Total Personal Services $ 1,213 $ 121 $ 10,000 $ 10,000 $ 10,000 All COBRA Insurance costs are paid by the beneficiary. Please see the General Fund Revenue-Other Non- Tax Revenue section for more details. THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK 257