SUBJECT:
Title
Insurance Fund - Insurance - $135,000
Body
INITIATOR: DEPARTMENT:
Sara Caron, Director Human Resources
DESCRIPTION/BACKGROUND:
Human Resources is requesting a one-time transfer of funds from the Insurance "Reserve for Self Insur Claims" account to the Insurance "Claims-Automotive" account. This transfer is necessary to cover an auto claim settlement payout. The funds are available in the reserve account because it is specifically designated to hold funds for such claims.
BUDGET/IMPACT:
Neutral.
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end