Explanation
Background Information:
This legislation authorizes the Director of Human Resources to enter into contract with Brown & Brown of Massachusetts, LLC for employee benefit audits for the following lines of business: pharmacy and pharmacy market check. The annual contract is $125,000. A portion of these funds will pay for audits that began in 2022. This ordinance represents the third year of a three year contract, from August 1, 2022 through July 31, 2023. Following the third year, the contract allows for two additional one year extensions if all parties are in agreement. Every year the contract renewal is subject to available appropriation and funding. From August 1, 2022 through July 31, 2023 the City will request the following audits begin: pharmacy and pharmacy market check.
The maximum fees for these services from August 1, 2020 through July 31, 2023 will not exceed $399,500.00
Fiscal Impact: Funding for this contract totals $125,000.00 and is budgeted from and within the 2022 Department of Human Resources' Employee Benefits Fund budget specifically for this purpose.
Emergency Action: Emergency action is requested to ensure the City can move forward to commence benefit audits in 2022, so as not to lose audit rights as provided in the vendor contracts, as soon as possible, thereafter.
Title
To authorize the Director of Human Resources Department to enter into contract with Brown & Brown of Massachusetts, LLC, for employee benefit audits for pharmacy and pharmacy market checks; to authorize the expenditure of $125,000.00 from and within the Employee Benefits Fund; and to declare an emergency. ($125,000.00)
Body
WHEREAS, it is in the best interest of the City to have Employee Benefit audits performed on various insurance lines of business; and
WHEREAS, in 2022, the City will request the following audits begin: pharmacy and pharmacy market check; and
WHEREAS, this ordinance represents authority for the third year of a three year contract, from...
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