Common use of Funding Uses and Sources Clause in Contracts

Funding Uses and Sources. The HCCRF shall be used to offset health care costs that exceed the budgeted costs in any fiscal year. Budgeted costs are those costs budgeted each year and are the Employer’s best estimate of expected costs based on good faith projections compiled by the Employer’s independent consultant. Budgeting shall be based upon a five (5) year rolling average of covered Employees. The HCCRF fund shall also be used to offset increased budgeted costs of $85 per Employee per month for each year of the contract, provided that the balance of the HCCRF is at least 75% of the established target for the prior fiscal year.

Funding Uses and Sources. The HCCRF shall be used to offset health care costs that exceed the budgeted costs in any fiscal year. Budgeted costs are those costs budgeted each year and are the Employer’s best estimate of expected costs based on good faith projections compiled by the Employer’s independent consultant. Budgeting shall be based upon a five (5) year rolling average of covered Employees. The HCCRF fund shall also be used to offset increased budgeted costs of $85 per Employee per month month, for each year of the contract, provided that the balance of the HCCRF is at least 75% of the established target for the prior fiscal year.

Funding Uses and Sources. The HCCRF shall be used to offset health care costs that exceed the budgeted costs in any fiscal year. Budgeted costs are those costs budgeted each year and are the Employer’s best estimate of expected costs based on good faith projections compiled by the Employer’s independent consultant. Budgeting shall be based upon a five (5) year rolling average of covered Employeesemployees. The HCCRF fund shall also be used to offset increased budgeted costs of $85 per Employee employee per month month, for each year of the contract, provided that the balance of the HCCRF is at least 75% of the established target for the prior fiscal year.

Funding Uses and Sources. The HCCRF shall be used to offset health care costs that exceed the budgeted costs in any fiscal year. Budgeted costs are those costs budgeted each year and are the Employer’s best estimate of expected costs based on good faith projections compiled by the Employer’s independent consultant. Budgeting shall be based upon a five (5) year rolling average of covered Employees. The HCCRF fund shall also be used to offset increased budgeted costs of $85 50 per Employee employee per month month, for each year of the contract, provided that that: 1) there was an increase in the health plan estimate from the prior fiscal year; and, 2) the balance of the HCCRF is at least 7550% of the established target for the prior fiscal year.

Funding Uses and Sources. The HCCRF shall be used to offset health care costs that exceed the budgeted costs in any fiscal year. Budgeted costs are those costs budgeted each year and are the Employer’s best estimate of expected costs based on good faith projections compiled by the Employer’s independent consultant. Budgeting shall be based upon a five (5) year rolling average of covered EmployeeseEmployees. The HCCRF fund shall also be used to offset increased budgeted costs of $50 85 per Employee eEmployee per month month, for each year of the contract, provided that the balance of the HCCRF is at least 75% of the established target for the prior fiscal year.