SUBJECT:
Title
Insurance Fund - Employee Health - $49,240,169
Body
INITIATOR: DEPARTMENT:
Audrey L. Fowler, Budget Director Budget
DESCRIPTION/BACKGROUND:
With the creation of the Employee Health Clinic, a separate cost center (161) was established. This budget amendment will set the initial budget by transferring all Health Insurance-related revenues and expenses from the Insurance cost center (160) to the new Employee Health cost center (161). Although the Insurance Fund appropriation will temporarily be increased, a subsequent Budget Amendment Request will be presented at a future Board of County Commissioners meeting to reduce the Insurance Fund by the same amount. This allows the necessary time to transfer journal entries to the new cost center.
Additionally, this Budget Amendment Resolution (BAR) will establish a budget of $1,129,508 for Contract Services, which will be necessary for the oversight of the Employee Health Clinic from June 2025 to September 2025.
BUDGET/IMPACT:
Increase Insurance Fund appropriation by $41,669,606.
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end