The Internal Services Fund was started as a way of lessening the health care cost impact on the education budget. The town has been fortunate in claims history, so the fund has grown and has maintained a healthy balance.
The ISF gives us the opportunity to transfer between self- insured or indemnity insurance plans. The tail at the end of a claims period can be costly depending on the health and wellness of the employees. The ISF provides budgetary relief by smoothing out fluctuations that can be caused by a few bad insurance cases.
Annually, the town auditors give us counsel on a recommended annual fund balance for the ISF. Currently, the Town of Weston has the ability to withstand a difficult claims year.
The ISF was initiated during my tenure on the Board of Finance. It is an honor to be a part of a proactive community who takes its fiduciary responsibility seriously.
I appreciate the support I have received from the Weston community. I am asking for another term to continue the good and commendable work from the Board of Finance.
Weston can expect from me the best oversight, financial planning and decision-making for our town.