[HISTORY: Adopted by the Town Council of the Town of Wallingford
as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Ambulance service — See Ch. 65.
[Adopted 10-11-2011 by Ord. No. 572]
The Town of Wallingford ("Town") shall have a fund known as
the "Town of Wallingford Health Insurance Benefits Fund" ("fund")
which shall utilize a self-funding methodology in a manner which manages
financial risk exposure in accordance with industry standards.
The purpose of the fund is to generate resources for the following:
A.
To pay medical claims of eligible insureds and their eligible dependents.
B.
To pay all administrative costs, consulting fees, stop-loss insurance
premiums, and all other customary charges necessary in operating a
self-funded health insurance program under an Administrative Services
Only plan.
C.
To accumulate and maintain reserves in the amount of at least 20%
of expected claims of the annual renewal as calculated by the third-party
administrator or the Town's independent consultant.
The fund's revenues shall be derived from annual adopted
budgets, which shall be based upon recommendations of the Town's
consultant; any subsequent appropriations (if needed); required employee
contributions; interest income; and other sources including, but not
limited to, refunds, credits, etc., that are customary for this type
of plan. In addition, audited reserve amounts, or a portion thereof,
above 20% of the annual renewal expected claims may be used to mitigate
annual renewal increases due to higher than anticipated actual claim
experience or health care cost inflation.
Proceeds and reserves of the fund shall not be used for purposes
other than those provided for in this article.
The fund shall remain in effect until such time as all contractual
claims and costs have been paid under the self-funded health insurance
program. The fund shall cease to exist if the Town converts to a non-self-funded
type of employee health insurance benefit program and all obligations
under the self-funded plan have been satisfied.
[Adopted 5-8-2012 by Ord. No. 580]
Pursuant to Section 7-148 of the Connecticut General Statutes
of the State of Connecticut, the Town of Wallingford is hereby authorized
to establish an Ambulance Enterprise Fund to be funded and administered
for the sole purpose of providing, as a separate operation, emergency
advanced life support ambulance transport service (hereinafter "ambulance
service") for the Town of Wallingford.
The Ambulance Enterprise Fund shall be established in accordance
with generally accepted accounting principles for local government
and administered by the Wallingford Finance Department in compliance
with the Town Charter budget requirements. The enterprise fund is
established to collect and expend revenues solely for the operation
of the ambulance service.
Revenues of the Ambulance Enterprise Fund shall be generated
by charges for ambulance services rendered. The Town shall utilize
all lawful means to collect all revenues owed for services rendered.
Revenues shall be sufficient to meet no less than 90% of all annual
expenses attributed to providing the ambulance service. Expenses shall
include all costs including but not limited to capital, operating,
personnel and maintenance expenses incurred annually.
Said Ambulance Enterprise Fund shall be self sustaining. The
Town of Wallingford may appropriate funds to the Ambulance Enterprise
Fund in an amount not to exceed 10% of the cost of the ambulance service
in any year in order to maintain the operation of the ambulance service.
If revenues are insufficient to fund the annual budget of said ambulance
service in accordance with the provisions of this article, then the
Ambulance Enterprise Fund shall be terminated and closed in accordance
with generally accepted accounting principles.
