Commissioners Court Meeting
Meeting Date:
08/08/2016
Submitted for:
Rosie Rodman
Department:
Administrative Services
Subject:
Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
816-0105-6060
Basic Life Insurance
$16,550
$24,333
$7,783
001-9501-9301
Transfers Out
$2,975,000
001-0114-6224
Minor Tools & Apparatus
$350
$2,543
$2,193
$2,991,900
To:
816-0105-6039
Cafeteria Administration
$2,050
$3,217
$5,267
816-0105-6038
Administrative Fees
$14,500
$108,913
$123,413
816-0105-9203
Claims Paid Prescription
$550,000
$126,014
$676,014
816-0105-9201
Medical Claims Paid
$900,000
$903,968
$1,803,968
863-0105-9201
Claims Paid Medical
$600,000
$2,153
$602,153
863-0105-6038
Administrative Fees
$1,000
$1,108
$2,108
863-0105-6035-01
Premium Retiree
$24,000
$3,377
$27,377
817-0105-9201
WC Claims Paid
$900,000
$59,212
$959,212
001-0114-6005
Postage & Courier Service
$350
$13
$363
$2,991,900
Issue:
There will NOT be enough funds to pay claims and any other pending items for several division accounts for the next few months.
Solution:
By transferring funds to the Employee Health, Retiree, and Workers Compensation Accounts, we will be able to pay all pending items.
Result:
The account will be in the black in order to pay for the claims and other pending items that will be coming in.
Fiscal Impact
Budget Account Number:
n/a
Funding Source:
n/a
Balance:
n/a
Financial Impact:
Several account funds will be used.
Attachments
Transfer of Funds for several account funds