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COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS:
<br />BUDGET AMENDMENT:
<br />Date: 6/9/2015
<br />Amoun
<br />t: $1,067,419.0
<br />Dept. Depart
<br />Head: Susan Fearrington - Finance Director ment: Finance
<br />"Internal Transfer Within Department "Transfer Between Departments /Funds
<br />pSupplemental Request
<br />Purpose:
<br />Finance annually reviews the revenues and expenditures of the Health Insurance Fund based on the actual activity that
<br />occurred in the fund. Revenue estimates for premiums, CIGNA pharmacy rebate and interest earnings were over - estimated for
<br />Plan Year 2015. Expenditures for CIGNA Administrative fees, and Claims were under - budgeted for the Plan Year 2015. This
<br />budget amendment reflects these adjustments and incorporates the use of appropriated fund balance to cover the shortfall. The
<br />use of Fund Balance was anticipated due to the Health Insurance reductions made during the FY15 budget approval on June
<br />16, 2014.
<br />Account
<br />Number
<br />Account
<br />Name
<br />Approved
<br />Budget
<br />Inc
<br />Amount
<br />Dec
<br />Amount
<br />Revised
<br />Budget
<br />61061917 -6661
<br />Insurance Premiums
<br />$7,851,654.00
<br />$157,010.00
<br />$7,694,644.00
<br />61061917 -6701
<br />Interest on Investment
<br />$4,000.00
<br />$337.00
<br />$3,663.00
<br />61061917 -6804
<br />Insurance Refunds
<br />$100,000.00
<br />$15,382.00
<br />$84,618.00
<br />61061917 -6901
<br />Fund Balance - Approp
<br />$0.00
<br />$1,240,148.00
<br />$1,240,148.00
<br />61091917 -9360
<br />Medical Supplies
<br />$172,156.00
<br />$103,690.00
<br />$68,466.00
<br />61091917 -9412
<br />Power
<br />$1,500.00
<br />$686.00
<br />$814.00
<br />61091917 -9485
<br />Administrative Fees
<br />$1,504,310.00
<br />$30,000.00
<br />$1,534,310.00
<br />61091917 - 948501
<br />Admin -IFSA Origin Fees
<br />$326,250.00
<br />$4,573.00
<br />$321,677.00
<br />61091917 - 948502
<br />IFRA Account
<br />$60,300.00
<br />$18,520.00
<br />$78,820.00
<br />61091917 - 948503
<br />Federal PPACA Fees
<br />$84,473.00
<br />$2,111.00
<br />$82,362.00
<br />61091917 -9570
<br />Service Contracts
<br />$150,615.00
<br />$52,151.00
<br />$98,464.00
<br />61091917 -9605
<br />Consultants
<br />$6,050.00
<br />$6,050.00
<br />$0.00
<br />61091917 -9645
<br />Self Insured Claims
<br />$5,800,000.00
<br />$1,188,160.00
<br />$6,988,160.00
<br />Total
<br />F -5 Page 89
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