Fiscal Impact
A fiscal note shows the financial impact of a given legislative action.
Contract amendment with Standard Insurance Company for employee life, disability insurance, and leave management services - Fiscal Note
Yes
Human Resources
08000-1290100-022119
No
The Standard Insurance Company provides employee life and disability insurance and leave management services to the City. With the requested increase, the contract will have a new total not-to-exceed of $13,099,776.
BUDGET IMPACT
List of revenues and expenditures related to this request
| Request Financing | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Sources | |||||
| none | $3,000,000 | $3,000,000 | |||
| Total Revenues | $3,000,000 | $3,000,000 | $0 | $0 | $0 |
| Expenditures | |||||
| Total Expenditures | $0 | $0 | $0 | $0 | $0 |
| Net Budgetary Impact (Revenue-Exp.) | $3,000,000 | $3,000,000 | $0 | $0 | $0 |
Not Applicable
Not Applicable