Discussion and possible action to approve the following budget amendment (line item transfer) for the Employee Retiree Fund #6300:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
6300-1090-001-452010
Claims Paid- Medical
$10,500
$971,900
$961,400
To:
6300-1090-001-452008
Claims Paid- Dental
$10,500
$8,000
$18,500
Issue: Since actuarial reports are not provided until the end of each calendar year (December), well after the budget is filed, the current budgeted amount is insufficient.
Solution: This transfer will prevent any shortfalls.