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Home My WebLink AboutBenefits Plan Trust (COMEBPT) Budget Amendment Funding 10/15/2025 3:53PM City of Meridian FY2026 Budget Amendment Form Personnel Costspt. Full Time Equivalent(FTE): �^ f� �� Fund# Dept.# G/L# Proj.# G/L#Description Total �1-�l/�L Various Various 41200 0 Wages I Various Various 41206 0 PT/Seasonal Wages Various Various 41210 0 Overtime Please only complete the fields Various Various 41304 0 Uniform Allowance highlighted In Orange. Various Various 42021 0 FICA $ Amendment Details Various Various 42022 0 PERSI $ Title:City of Meridian Employee Benefits Plan Trust(COMEBPT) Various Various 42023 0 Worker's Comp $ Department Name: COMEBP Trust Various Various 42025 0 Employee Insurance $ Presenting Department Name: COMEBP Trust Total Personnel Costs $ Department M Various Operating Expenditures Primary Funding Source: Various Fund# Dept.# G/L# Proj.# G/L#Description One-Time On-Going Total CIPM Various Various 0 Surplus Funding for COMESPT $ 182,988 5 182,988 Project#: Various Various 0 $ Various Various 0 $ Is this for an Emergency? ❑Yes(Z No Various Various 0 $ New Level of Service? ❑Yes(] No Various Various 0 $ Various Various 0 $ Clerks Office Stomp Various Various 0 $ - Various Various 0 $ E us Various 0 $ s Various svarious0 $ sVarious 0s Various 0 $ - Total Operating Expenditures $ 182,988 $ $ 182988 Dote o/Council Approval10-21-2025 Capital Outlay Fund# Dept.# G/L# Proj.# G/L#Description Total Ackn2g4dgement Date Various Various 0 Various Various 071�75a �� l3 ZS Various Various 0 Department Dir Various Various 0 Various Various o ' 113•1 S- ZS lfields 10.15.25 Various Various 0 f Financial Officer Total Capital Outlay $ Revenue/Donations Approved Luke Cavener via email 10.15.25 Fund# Dept.# G/L# Proj.# G/L#Description Total Con wino various various 0 10-16-25 Various Various 0 /-V�t �t� Various various 0 Mayor Total Revenue/Donations $ Total Amendment Request $ 182,988 1011W025 353PM City of Meridian FY2026 Budget Amendment Form Total Amendment Cost-Lifetime Prior Year(s) Fiscal Year Fiscal Year F'sca Year Fiscal Year Fiscal Year Department Name: COMEBP Trust Funding 2026 2027 2028 2029 2030 Title:City of Meridian Employee Benefits Plan Trust(COMEBPT) Personnel $ . S - S - $ . $ - matnrci—ror sDbmltn.e 6oda•t Amendments: Operating $ 182,988 $ $ - $ - $ - >Depwtmmt wa aendemendmem wall Dl--Ygnaton to Flnance(gWget Marugerl for review Capital $ >n�an..wm:<ne Amenemem to ca,ncn ual:a.rnr axn.nae Total $ - $ 182,988 $ - $ - $ - $ >covnal um:an wln:end:lgnea.m.ndmem to Ma,nr Total Estimated Project Cost: $ 182288 >Mapr well smd zlxned AmeMment m Fnsmx iand¢et Menegerl Evaluation Questions >nn.na lg udget Managed will send appwed copy ol.amendment m Department Please answer all Evaluation Questions using the financial data referenced above- >Deowtmencw n add navnrnmendmn ,my alyeMa oa g M.nl,d.Na da Manager 1.Describe what is being requested? Due to additional health care claims costs the COMEBPT has a deficit in the surplus that is required by the Department of Insurance(DOI)nder Idaho Code,41-4010(3).The amount requested includes the current deficit in the surplus at the end of Q2(June 2025). 2.Why was this budget request not submitted during the current fiscal year budget cycle? Health benefit costs are incurred throughout the calendar year and cannot always be adequately anticipated despite acturial studies,audits,benchmarks and reviews. 3. what is the ex lanation for not submitting this budget request during the next fiscal year budget cycle? The deficit needs to be maintained per DO]requirements under Idaho code 41-4010(3)in the current year. 4.Describe the proposed method of funding? If funding is split between Funds(i.e. General,Enterprise,Grant),please include the percentage split.List the amounts and sources of anticipated additional revenue that will result from approval of this request. General Fund and Enterprise Fund. 5.Does this request align with the Department/City's strategic plan?If not,please explain how this request was not included In the Department/City strategic plan? Yes,Government excellence in attracting and retaining employees. �J 6. Does this request require resources to be provided by other departments?If yes,please describe the necessary resources to be provided by other departments. No 7.Does this Amendment include aMf needed Equipment or Software that will utilize the C' 's network? es or No 8.Is the amendment goingto result in the disposal of an asset?Yes or No 9.AnX additional comments? The City of Meridian has contributed$2,519,075 to the Trust for State Reserve requirements to date.Adding this$182,988 will put the additional contribution from the City at $2,702,063. Total Amendment Request $ 182,988 Every effort should be made to avoid reopening the budgetfor an amendment.Departments will need to provide backup and appear before the CityCouncil to Justify budget amendments. Budget amendments are intended for emergency or mandatory changes to the original balanced budget.Changes to the original balanced budget may cause a funding shortfall. Employee Benefit Costs Employee Benefits Plan Trust Source:Questica>Position Allocation> $ 182,988 Fund Code Dept Code Department FY2026 Budget FTE %Allocation Allocation Across Departments 01 1120 Council 6.00 1.16% $ 2,115 01 1140 City Clerk 7.00 1.35% $ 2,468 01 1310 Mayor's Office 5.00 0.96% $ 1,763 01 1500 Finance Department 12.00 2.31% $ 4,231 01 1510 Information Technology 19.00 3.66% $ 6,699 01 1520 Legal Dept 6.00 1.16% $ 2,115 01 1540 Human Resources 7.00 1.35% $ 2,468 01 1840 Other Government 1.00 0.19% $ 353 01 1841 Communications 2.00 0.39% $ 705 01 1842 Capital Projects 1.00 0.19% $ 353 01 1850 City Hall 4.00 0.77% $ 1,410 01 1860 Street Lighting 1.00 0.19% $ 353 01 1900 Community Development Depts 47.00 9.06% $ 16,571 01 2110 Police Department 197.00 37.96% $ 69,458 01 2210 Fire Department 15.00 2.89% $ 5,289 01 5200 Parks&Recreation 53.00 10.21% $ 18,687 60 3200 Public Works 49.00 9.44% $ 17,276 60 3300 Meridian Utility Billing 7.00 1.35% $ 2,468 62 3400 Water Department 31.00 5.97% $ 10,930 65 3500 WasteWater Facility 49.00 9.44% $ 17,276 Total Employee Benefit Costs 519.00 100.00% $ 182,988 Fire Union Members are not on City's Benefits Plan General Fund 74% $ 135,037 Enterprise Fund 26% $ 47,951 F:\Budget\FY2026\FY2026 Amendments\1.Pending\FY2026 Budget Amendment Form_HR_Health Benefits Trust Cost Allocation