FY27 Proposed Budget

D ental Insurance Reserve The City provides dental coverage for permanent employees and maintains insurance reserves for this purpose. The City’s dental insurance plan is self -insured. Operating funds and participating employees are charged premiums which are deposited into the Dental Insurance Reserve Fund. The City reimburses a dental insurance provider for actual costs incurred plus a claims processing/ administrative fee. For non-union and AFSCME employees, the covered benefits are $1,500 per eligible member. For police union and fire union employees, covered benefits are $500 per eligible member. The Dental Insurance Reserve’s fund balanc e at the end of fiscal year 2026 is expected to be $719,870 or $50,800 higher than the fiscal year 2025 ending fund balance. This is an increase of 7.6%. Fund balance is expected to increase in fiscal year 2027 to $739,170, which is an increase of $519,300 or 2.7%.

639