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This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />BUDGET AMENDMENT: <br />Date: 5/2/2011 <br />Amount: $1,442,439 <br />Dept. Head: Shelley Farris, Acctg. Supervisor Department: Finance <br />El Internal Transfer Within Departmentâť‘ Transfer Between Departments /Funds u Supplemental Request <br />Purpose: <br />This budget amendment is to amend revenues for Workers Compensation premiums that will not be collected and use Fund Balance <br />Appropriated as the revenue source. A one time transfer from the General Fund is being made to this fund in the amount of $570,000 in May <br />for this. In addition, Fund Balance is needed for administrative fees and hospital claims estimated to be expensed for the remainder of the year <br />in the Self Insured Hospital Fund. <br />Account Number <br />Account Name <br />Approved Budget <br />Inc Amount <br />Dec Amount <br />Revised Budget <br />60061916 -6661 <br />Insurance Premiums <br />$572,000.00 <br />$572,000.00 <br />$0.00 <br />60061916 -6701 <br />Interest Earnings <br />$3,000.00 <br />$5,046.00 <br />$8,046.00 <br />60061916 -6901 <br />Fund Balance Approp <br />$0.00 <br />$566,954.00 <br />$566,954.00 <br />$0.00 <br />$0.00 <br />61 061 91 7 -6701 <br />Interest Earnings <br />$5,000.00 <br />$11,105.00 <br />$16,105.00 <br />61 061 91 7 -6804 <br />Insurance Refunds <br />$0.00 <br />$121,156.00 <br />$121,156.00 <br />61 061 91 7 -6901 <br />Fund Balance Approp <br />$0.00 <br />$870,439.00 <br />$870,439.00 <br />61 091 91 7 -941 2 <br />Power <br />$2,500.00 <br />$2,700.00 <br />$5,200.00 <br />61 091 91 7 -9485 <br />Admin Fees <br />$1,020,000.00 <br />$100,000.00 <br />$1,120,000.00 <br />61 091 91 7 -9645 <br />Hospital Claims <br />$5,500,000.00 <br />$900,000.00 <br />$6,400,000.00 <br />$0.00 <br />$0.00 <br />Total <br />F -7 Page 178 <br />