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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />JUNE 20 2011 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Budget Amendment for Internal Service Fund - $1,442,439 <br />BRIEF SUMMARY: <br />Annually, the Self- Insured Workers Compensation and Hospital Fund are <br />adjusted based on current year claims activity and expenses. The General <br />fund has provided appropriations to support the activities of these funds this <br />fiscal year. A correction is also being made to correct the revenue source <br />supporting the Workers Compensation Fund: reducing premiums and <br />increasing fund balance appropriated. In addition, fund balance is needed for <br />administrative fees and hospital claims estimated to be expended for the <br />remainder of the year in the Self Insured Hospital Fund. <br />REQUESTED ACTION: <br />Motion to adopt budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Shelley Farris, Accounting Supervisor <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />F -7 Page 177 <br />