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CITY OF RALEIGH

ADOPTED BUDGET 2014-15

ORDINANCE NO. 2016 – 600

Internal Service Fund Ordinance for FY 2016-17

City of Raleigh

Be it ordained by City Council of the City of Raleigh, North Carolina:

Section 1.

These financial plans are hereby established in accordance with G.S. 159-13.1 for the

purpose of accounting for the City of Raleigh Internal Service Funds.

Section 2.

The City Manager, or his designee, is hereby authorized to carry out this financial plan as

approved.

Section 3.

The following revenue and expenditure accounts are hereby established:

Internal Service Fund – Risk Management

Revenues:

User Charges-Risk Mgmt./Workers Compensation

$

4,975,000

User Charges-Risk Mgmt./Other Insurance

4,325,816

Appropriation from Prior Year

5,290,000

Interest of Investments

189,000

Risk Management Revenue Total

$ 14,779,816

Risk Management Expenditure Total

$ 14,779,816

Internal Service Fund – Health/Dental Trust

Revenues:

City Contribution-All Funds: Health Trust

$

33,152,000

Employees Contribution-Health Trust

7,354,000

Hospital Interest

1,000

City Contribution-All Funds: Dental Trust

2,577,000

Employees Contribution-Dental Trust

582,000

Disaster Recovery Fund

500,000

From Fund Balance

450,000

Health/Dental Trust Revenue Total

$ 44,616,000

Health/Dental Trust Expenditure Total

$ 44,616,000

Internal Service Fund – Other Post Employment Benefits Trust

Revenues:

City Contribution Health-All Funds

$

13,327,000

Retiree Contribution Health

1,800,000

City Contribution Group Life-All Funds

149,000

City Contribution Medicare Supplement-All Funds

608,000

From Self Insurance

350,000

Retiree Contribution Medicare Supplement

541,000

Other Post Employment Benefits Trust Revenue Total

$ 16,775,000

Other Post Employment Benefits Trust Expenditure Total

$ 16,775,000