Special Appropriations
The Special Appropriations accounts of the budget contain several miscellaneous expenditure line items that the Town allocates as part of each fund , rather than directly to a specific department or division , mostly due to their Town-wide nature . Special appropriations are divided into four categories : Retirement , Insurance , Subsidized Programs , and Office Administration .
Retirement
The Retirement Division accounts for expenditures associated with benefits paid to retirees , all , or a portion of health insurance benefits to eligible retirees , and separation allowance payments to eligible retired law enforcement officers as required by NC General Statutes .
Expenditure Summary
ACTUALS FY21-22 .
ACTUALS FY22-23 .
AMENDED FY23-24 .
ADOPTED FY24-25 .
EXPENDITURES |
|
|
|
|
Separation Allowance |
$ 408,798 |
$ 417,368 |
$ 442,000 |
$ 442,000 |
FICA |
$ 30,718 |
$ 31,380 |
$ 33,813 |
$ 33,813 |
Group Insurance |
- |
$ 1,037 |
- |
- |
Retiree Health Insurance |
$ 345,916 |
$ 389,463 |
$ 393,065 |
$ 440,000 |
Total |
$ 785,432 |
$ 839,248 |
$ 868,878 |
$ 915,813 |
Insurance
The Insurance Division accounts for Town-wide property , liability , and worker ’ s compensation insurance premiums and payouts . Unemployment insurance for municipalities in North Carolina is paid in a lump sum to the NC Department of Commerce based on actual claims made during the year . The Town ’ s insurance programs are administered by the Office of the Town Manager , the Human Resources and Finance Departments .
Expenditure Summary
ACTUALS FY21-22 .
ACTUALS FY22-23 .
AMENDED FY23-24 .
ADOPTED FY24-25 .
EXPENDITURES |
|
|
|
|
DENTAL CLAIMS |
$ 84,091 |
$ 88,775 |
- |
- |
Health Reimbursement |
$( 197,280 ) |
- |
- |
- |
Insurance and Bonds |
$ 356,848 |
$ 346,090 |
$ 407,667 |
$ 450,000 |
Workers Compensation |
$ 210,893 |
$ 203,538 |
$ 221,438 |
$ 221,438 |
Unemployment Insurance |
$ 3,575 |
$ 11,600 |
$ 10,000 |
$ 10,000 |
Total |
$ 458,127 |
$ 650,003 |
$ 639,105 |
$ 681,438 |
182 1