Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) within the General fund. [Requested by Dr. Pedro Alfaro, Risk Management Director]
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
6100-1090-001-452009 |
Claims Paid Prescription |
$3,389,505.00 |
$101,000.00 |
$3,506,183.67 |
$3,405,183.67 |
| |
6100-2700 |
Fund Balance |
$868,749.36 |
$868,749.36 |
$868,749.36 |
0 |
| |
|
Total |
|
$969,749.36 |
|
|
| To: |
6100-1090-001-432057 |
Cafeteria Administration |
$33,000.00 |
$7,000.00 |
$3,423.10 |
$10,423.10 |
| |
6100-1090-001-432056-025 |
Administrative Fees Aetna Stop Loss |
$1,522,846 |
$80,000.00 |
$399,111.61 |
$479,111.61 |
| |
6100-1090-001-452015-005 |
Plan Premium Vision Plan |
$120,600.00 |
$11,000.00 |
$11,409.54 |
$22,409.54 |
| |
6100-1090-001-432058 |
COBRA Administration |
$10,000.00 |
$3,000.00 |
$1,729 |
$4,729.00 |
| |
6100-1090-001-452010 |
Claims Paid Medical |
$8,951,716.00 |
$868,749.36 |
$888,246.60 |
$1,756,995.96 |
| |
|
Total |
|
$969,749.36 |
|
|
Issue: Budget line-item transfer is needed to cover the remainder of the 2023 fiscal year for the accounts listed.
Solution: Approve line-item transfer in the accounts requiring funds.
Result: Line-item transfer would result in have sufficient funds available for the remainder of the fiscal year. |