2.2. ERMUSR 11-18-2014 - Laserfiche WebLink

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HSA plan from the more expensive traditional co-pay plan. The incentive worked well as ERMU experienced a 53%conversion to the HSA plan, saving the company$10,000 more than projected. One of the areas we didn't see as many switch over to the HSA was the single plus one, which was likely because the employer contribution was less than that of the family yet the deductible was the same as family. The HSA renewal included a change to deductibles for the plan. The family and single plus one deductibles increased by$100, and the single deductible increased by$50. Based on the higher savings resulting from higher conversion rate, the breakdown for annual HSA employer contributions recommended by the W&BC were: $1,985 for family and single plus one; and $650 for single. The renewal information for dental, life, and long term disability were not received by ERMU until after the W&BC meeting. The renewal costs are minimal for 2015, a total of $5,007.88. Because of renewal deadlines management recommended Commission approve the renewal; with the understanding that we'll go out for bids in 2015 for 2016 renewals. John Dietz had a few questions. Staff responded. Troy Adams addressed the issue of direct deposit. Now that we've completed our software conversion for the Accounting and Business Solutions module, staff has found that there is a significant administration burden to process physical checks for payroll. There are currently only three individuals receiving physical checks. Management recommended the Commission approved the elimination of physical paychecks effective January 1, 2015. Al Nadeau made a motion to approve an increase in 2015 HSA insurance plan employer contributions to $1,985 for family and single plus one, and increase to $650 for single; to approve the 2015 dental,life, and long term disability insurance renewal; and to approve the elimination of physical payroll checks effective January 1,2015.John Dietz seconded the motion. Motion carried 2-0. 5.3 2015 Utilities Fee Schedule Troy Adams presented the 2015 Fee Schedule to the Commission. There were a few adjustments to the schedule from 2014 to 2015. Staff recommended the Commission approve the 2015 Utilities Fee Schedule for adoption into ordinance by the City Council. The Commission had a few questions. Staff responded. Al Nadeau made a motion to approve the 2015 Fee Schedule. John Dietz seconded the motion. Motion carried 2-0. 5.4 2015 Budget—Water and Electric Expenses Theresa Slominski presented the water and electric expense budgets. The 2015 forecast for Page 3 Special meeting of the Elk River Municipal Utilities Commission October 21,2014 29