SUBJECT:
Title
Insurance Fund – Insurance - $125,000
Body
INITIATOR:
DEPARTMENT:
Sara Caron, Director
Human Resources
DESCRIPTION/BACKGROUND:
The current expenditure budget appropriation is insufficient due to a higher volume of claims than originally projected for this fiscal year. To address this shortfall, funds have been identified in the Claims – Property account. This account has experienced fewer claims than anticipated, resulting in available capacity that can be reallocated to meet current needs.
This is a non-recurring issue, intended to cover the remainder of the fiscal year. Please note that in approved Budget Amendment Request (BAR) 2025-10-26, it was mentioned that it may be a recurring transfer depending on future claim activity.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end