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HomeMy WebLinkAboutOrdinance 22794-06-2017Ordinance No. 22794-06-2017 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GROUP HEALTH INSURANCE FUND BY $10,500,000.00 FOR THE PURPOSE OF FUNDING HEALTHCARE AND RELATED EXPENSES; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2016-2017 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Group Health Insurance Fund of $10,500,000.00, from a combination of $7,500,000.00 in net position and $3,000,000.00 in transferred funds, for the purpose of funding healthcare and related expenses. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance 22393-09-2016 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPR VED AS TO FORM AND LEGALITY: , � � � /,� � � _�,,, Denis'C! McE�y, Assistant City Attorney � ADOPTED AND EFFECTIVE: June 20, 2017 CITY SECRETARY � �' ar J. a � City of Fort Worth, Texas Mayor and Council Communication II2(l17 _ (�rrlinanr.p Nn ?_?7Ad_(1C_2(l'17 1� nrc�inan�p No. 22795-06 2017 DATE: Tuesday, June 20, 2017 REFERENCE NO.: G-19043 LOG NAME: 14GROUP HEALTH PLAN CLAIMS SUBJECT: Authorize Transfers and Adopt Appropriation Ordinances Increasing Funding in the Group Heaith Insurance Fund and Retiree Healthcare Trust Fund by a Combined Amount of $10,500,000.00 from a Combination of $3,000,000.00 in Reallocated, Previously Appropriated Funds and $7,500,000.00 in Newly Appropriated Funds for Payment of Healthcare and Related Costs (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that City Council: 1. Authorize the transfer of $3,000,000.00 of contributed revenue in the Risk Financing Fund to the Group Health Insurance Fund; 2. Adopt the attached ordinance increasing receipts and appropriations in the the Group Health Insurance Fund by $10,500,000.00, from a combination of $7,500,000.00 in net position and $3,000,000.00 in transferred funds, for the purpose of paying heaithcare and related costs through the end of the current plan year; 3. Transfer $2,500,000.00 from the Group Health insurance Fund to the Retiree Healthcare Trust Fund; and 4. Adopt the attached ordinance increasing receipts and appropriations in the Retiree Healthcare Trust Fund by $2,500,000.00, from transferred funds, for the purpose of healthcare and related costs through the end of the current plan year. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to take actions to provide additional funding for the payment of healthcare and related costs through the end of the current plan/calendar year from a combination of reallocated Risk Funding contributions and net position. In the adopted Fiscal Year 2017 budget, the Risk Financing Fund was provided with contributions from various departments and funds for use in covering anticipated losses and claims. Because losses and claims have been coming in at a lower-than-projected amount, Staff is recommending that $3,000,000.00 be transferred from Risk Financing for use in paying heaithcare costs. This action will have a zero net effect to expenditures in the contributing operating funds. The transferred funds would then be appropriated along with $7,500,000.00 in net position in the Group Health Insurance Fund for use in paying claims for active and retired employees. Adoption of the above recommendations is anticipated to provide sufficient funding for all healthcare costs through the end of the Logname: 14GROUP HEALTH PLAN CLAIMS Page 1 of 2 current plan/calendar year. For the Fiscal Year 2017, the City implemented a variety of cost-mitigation strategies including, among others, introduction of a RX90 program, a requirement for generic prescriptions across the board, a step therapy approach to pharmacy benefits, a reformatted specialty drug tier, an increased employee out-of- pocket maximum, and an increased Emergency Room co-pay. While staff believed these efforts have avoided a higher growth rate, costs have continued to rise. Management is actively evaluating various plan changes for year 2018 that are intended to address these trends. The Group Health Insurance Fund is expected to end Fiscal Year 2017 with an overall deficit of approximately $7,500,000.00 after taking the actions proposed in this M&C. This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approvai of this supplemental appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the Group Health Insurance Fund and the Retiree Healthcare Trust Fund. At the conclusion of Fiscal Year 2016, the Risk Management Fund did not meet the minimum reserve requirements as outlined in the Financiai Management Policy Statements. With the action recommended in this Mayor and Council Communication, the Risk Management Fund is expected to be further from meeting the reserve requirement in fiscal year 2017 but is projected to end the Fiscal Year with a positive fund balance. FUND IDENTIFIERS (FIDs): TO Fund Department Acco ID FROM Fund Department ID Project IProgra ID Project Progra ID CERTIFICATIONS: Submitted for City Manager's Office b� Originatinq Department Head: Additional Information Contact: Logname: 14GROUP HEALTH PLAN CLAIMS �I ctivity Budget Reference # � moun � Year (Chartfield 2) � �ctivity Budget Reference # moun __ Year (Chartfield��� Susan Alanis (8180) Brian Dickerson (7783) Margaret Wise (8058) Page 2 of 2 Ordinance No. 22794-06-2017 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GROUP HEALTH INSURANCE FUND BY $10,500,000.00 FOR THE PURPOSE OF FUNDING HEALTHCARE AND RELATED EXPENSES; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2016-2017 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Group Health Insurance Fund of $10,500,000.00, from a combination of $7,500,000.00 in net position and $3,000,000.00 in transferred funds, for the purpose of funding healthcare and related expenses. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance 22393-09-2016 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY Denis C. McElroy, Assistant City Attorney Mary J. Kayser ADOPTED AND EFFECTIVE: June 20, 2017