SUBJECT:
Title
Insurance Fund - Insurance - $90,000
Body
INITIATOR:
DEPARTMENT:
Bobbi Perez, Director
Human Resources
DESCRIPTION/BACKGROUND:
This budget transfer is necessary due to the number of long‑term disability claims incurred during the current fiscal year being higher than anticipated. The Reserve for Self-Insurance Claims account has been identified as the appropriate funding source, as this account is specifically maintained to cover fluctuations in health-related claims. This request is considered non‑recurring, and the transfer is expected to sufficiently cover the remainder of the fiscal year.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end