SUBJECT:
Title
Insurance Fund - Insurance - $126,000
Body
INITIATOR: DEPARTMENT:
Sara Caron, Director Human Resources
DESCRIPTION/BACKGROUND:We are requesting a one-time transfer from Reserve for Health Claims to Insurance Claims - Dental and Vision Premiums due to more dental insurance claims and more vision premiums paid than budgeted for this fiscal year. This reserve fund is specifically designated for covering any overages the county may incur in healthcare expenses. As these claims are typically paid for the subsequent month, a one-time transfer in September will suffice, aligning with the start of the new fiscal year on October 1, 2024.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end