SUBJECT:
Title
Insurance Fund – Insurance - $77,112
Body
INITIATOR:
DEPARTMENT:
Sara Caron, Director
Human Resources
DESCRIPTION/BACKGROUND:
The current expenditure budget appropriation is inadequate due to a higher-than-anticipated number of employees enrolling in dental coverage, which exceeded the original budget projections.
To address the shortfall, we have identified funds in our Reserve for Self-Insurance Claims account. These funds are available specifically for situations like this, where unexpected costs arise. This is a non-recurring issue.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end