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Resolution approving the utilization of the 2024 Health Insurance surplus to establish a sick leave pay-out, provide a dividend to employees, and create a flood reimbursement reserve
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WHEREAS, the City of Wauwatosa maintains a self-insured health insurance program and the City pays for claim expenses up to $100,000; and in 2024, the fund had a surplus of $1,286,023;
WHEREAS, the City of Wauwatosa is recommending dividing up the surplus in three funds: one-third to fund balance, one-third to employee dividends and one-third held in reserve pending determination of FEMA reimbursement;
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMON COUNCIL that the surplus of funds be allocated as more thoroughly outlined in the September 23, 2025 Financial Affairs Meeting.
By: Financial Affairs Committee
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Recommendation: Approve 7-0