Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) from the Operation Reserve Fund to the Retiree Professional Services Account #6300-1090-001-432001 to pay for the Lewis & Ellis Actuarial Services not to exceed $10,000.
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1130-001-431007-010
Operational Reserve
$10,000
To:
6300-1090-001-432001
Professional Services
$7,000
$10,000
$200
$10,200
Issue: Funding is needed to pay an outstanding balance for the Actuarial Services with Lewis & Ellis.
Solution: The Commissioner's court approval of the account line item transfer will provide the necessary funds to cover operational services for Actuarial Services.
Result: There will be sufficient funds in the mentioned line item transfer which will allow for services to be covered.