Discussion and possible action to approve, by Order, the following amendment (line-item transfer) within the Employee Health Benefit funds. [Requested by Dr. Pedro Alfaro, Risk Management Director]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
6100-1090-001-452010
Claims Paid Medical
$8,951,716
$400,000
$10,433,348.92
$10,033,348.92
To:
6100-1090-001-452009
Claims Paid Prescription
$3,288,505
$400,000
$3,405,183.67
$3,005183.67
Issue: The current balance in this account will be insufficient to cover pending invoices.
Solution: Authorize line-item transfer to fund the account adequately to pay pending invoices.
Result: Line-item transfer would result in having sufficient funds available to pay for the pending invoices.