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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />JUNE 15 2015 <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 the revenues and expenditures of the Health <br />Insurance Fund based on the actual activity that occurred in the fund. <br />Revenue estimates for premiums, CIGNA pharmacy rebate and interest <br />earnings were over - budgeted for Plan Year 2015. Expenditures for <br />CIGNA Administrative fees, and Claims were under - budgeted for the Plan <br />Year 2015. The attached budget amendment reflects these adjustments <br />and incorporates the use of appropriated fund balance to cover the <br />shortfall. The use of Fund Balance was anticipated due to the Health <br />Insurance reductions made during the FY15 budget approval on June 16, <br />2014. <br />REQUESTED ACTION: <br />Motion to approve the Health Insurance Fund budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan B. Fearrington, Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />F -5 Page 88 <br />