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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />JUNE 2 0 2016 <br />1 <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 this fund. <br />Revenue estimates for CIGNA pharmacy refund and fees received from <br />Mt. Pleasant and WSACC for clinic use were under - budgeted for fiscal <br />year 2016. Expenditures for minor office equipment, medical supplies and <br />service contract are being revised due to the reopening of the Health and <br />Wellness Clinic. The enclosed budget amendment reflects these <br />revisions and appropriates fund balance to cover the shortfall. The use of <br />fund balance is mainly due to the increase in medical claims during the <br />last portion of fiscal year 2016. <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 />F -7 Page 173 <br />