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CABARRUS COUNTY <br /> 1792 <br /> BOARD OF COMMISSIONERS <br /> C 1 REGULAR MEETING <br /> JUNE 1 % 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Consent Agenda <br /> SUBJECT: <br /> Finance - Health Insurance Fund Budget Amendment <br /> BRIEF SUMMARY: <br /> Finance annually reviews revenues and expenditures of the Health <br /> Insurance Fund based on actual activity that has occurred in the fund. <br /> Revenues are being revised due to additional pharmacy refund, interest <br /> earnings and revenues received from clinic fees. Expenditures are being <br /> revised due to an increase in medical claims during the last portion of <br /> fiscal year 2017, for administrative fees due to increase in stop-loss cap <br /> and changes to the HRA and HSA insurance plans offered to employees. <br /> The enclosed budget amendment reflects these revisions and <br /> appropriates fund balance to cover the shortfall. <br /> REQUESTED ACTION: <br /> Motion to approve the Health Insurance Fund budget amendment. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> SUBMITTED BY: <br /> Susan Fearrington, Finance Director <br /> BUDGET AMENDMENT REQUIRED: <br /> Yes <br /> COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS: <br /> This item was approved by the Board for inclusion on the Agenda as a <br /> F-6 Page 150 <br />