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Self insurance Find: <br />In 1994 the City of Louisville established the Self Insurance Fund for the purpose of providing <br />security in meeting Benefit Plan commitments made to City employees and to stabilize cash flows <br />required to fund those plans. The total 1995 Self Insurance Fund budget is $319,680. This <br />consists of revenue from Medical/Dental Premiums, $290,680, interest earnings, $15,000, and <br />revenue from aggregate Re -Insurance reimbursements of $14,000. Expenditures of $319,680 for <br />the Self Insurance Fund include $312,030 in Medical/Dental claims, $7,500 in benefit <br />fees/charges, and $150 in printing and binding. <br />SUMMARY <br />The 1995 Budget addresses the continuing and emerging needs of our community. It provides <br />funding for the goals articulated by City Council, goals that were jointly defined and honed by <br />Council and staff throughout the budget process. It meets the restrictions of the Tabor <br />Amendment for spending and revenue limitations while providing an atmosphere to achieve <br />priority AAA designated goals. It maintains existing service levels, enhances some services, <br />begins and continues long-awaited capital projects, provides equitable salary and benefits for our <br />employees. It addresses the needs of the City from downtown improvements to the water utility <br />system, from parks to computers, from Library services to roadways. I feel this proposed budget <br />meets Council's and the community's priorities and goals for Louisville within the resources <br />available to accomplish those priorities and goals. The management team is committed to <br />enthusiastic and conscientious implementation of Council's priorities and goals through this 1995 <br />budget. <br />-6aAa <br />Sharon Asti-Caranci <br />Acting City Administrator <br />ix <br />