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a. General. The information described below shall be provided for all billed central services, <br />including internal service funds, self-insurance funds, and fringe benefit funds. <br />b. Internal service funds. <br />(1) For each internal service fund or similar activity with an operating budget of $5 million or <br />more, the plan shall include: a brief description of each service; a balance sheet for each fund <br />based on individual accounts contained in the governmental unit's accounting system; a <br />revenue/expenses statement, with revenues broken out by source, e.g., regular billings, interest <br />earned, etc.; a listing of all non-operating transfers (as defined by Generally Accepted <br />Accounting Principles (GAAP)) into and out of the fund; a description of the procedures <br />(methodology) used to charge the costs of each service to users, including how billing rates are <br />determined; a schedule of current rates; and, a schedule comparing total revenues (including <br />imputed revenues) generated by the service to the allowable costs of the service, as determined <br />under this Circular, with an explanation of how variances will be handled. <br />(2) Revenues shall consist of all revenues generated by the service, including unbilled and <br />uncollected revenues. If some users were not billed for the services (or were not billed at the full <br />rate for that class of users), a schedule showing the full imputed revenues associated with these <br />users shall be provided. Expenses shall be broken out by object cost categories (e.g., salaries, <br />supplies, etc.). <br />c. Self-insurance funds. For each self-insurance fund, the plan shall include: the fund balance <br />sheet; a statement of revenue and expenses including a summary of billings and claims paid by <br />agency; a listing of all non-operating transfers into and out of the fund; the type(s) of risk(s) <br />covered by the fund (e.g., automobile liability, workers' compensation, etc.); an explanation of <br />how the level of fund contributions are determined, including a copy of the current actuarial <br />report (with the actuarial assumptions used) if the contributions are determined on an actuarial <br />basis; and, a description of the procedures used to charge or allocate fund contributions to <br />benefitted activities. Reserve levels in excess of claims (1) submitted and adjudicated but not <br />paid, (2) submitted but not adjudicated, and (3) incurred but not submitted must be identified and <br />explained. <br />d. Fringe benefits. For fringe benefit costs, the plan shall include: a listing of fringe benefits <br />provided to covered employees, and the overall annual cost of each type of benefit; current <br />fringe benefit policies*; and procedures used to charge or allocate the costs of the benefits to <br />benefitted activities. In addition, for pension and post-retirement health insurance plans, the <br />following information shall be provided: the governmental unit's funding policies, e.g., <br />legislative bills, trust agreements, or State-mandated contribution rules, if different from <br />actuarially determined rates; the pension plan's costs accrued for the year; the amount funded, <br />and date(s) of funding; a copy of the current actuarial report (including the actuarial <br />assumptions); the plan trustee's report; and, a schedule from the activity showing the value of the <br />interest cost associated with late funding. <br />4. Required certification. Each central service cost allocation plan will be accompanied by a <br />certification in the following form: <br />44 <br /> <br />