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.
Fiscal Impact
Budget Account Number:
6100-1090-001
Funding Source:
452009
Balance:
$3,506,183.67
Financial Impact:
Accounts will be funded for the remainder of the fiscal year.