SUBJECT:
Title
Insurance Fund - Insurance - $41,669,642
Body
INITIATOR: DEPARTMENT:
Audrey L. Fowler, Director Budget
DESCRIPTION/BACKGROUND:
With the creation of the Employee Health Clinic, a separate cost center (161) was established. On the February 18, 2025 agenda, a Budget Amendment Request (BAR) was approved by the Board to 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).
A subsequent BAR was to be presented at a future Board meeting to reduce the Insurance Fund by the same amount, providing the necessary time to transfer journal entries to the new cost center. Therefore, this BAR serves as a follow-up to the one approved on the February 18, 2025 agenda and will reduce the budget accordingly.
BUDGET/IMPACT:
Decrease Insurance Fund appropriation by $41,669,642.
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end