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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 6/16/08 Agenda Item # F_ q <br />SUBJECT: <br />Finance Department -Budget Amendment (Medicaid Swap Hold Harmless - $687,112) <br />BRIEF SUMMARY: <br />Due to the State Medicaid Swap, the State will assume 25% of the county Medicaid costs <br />beginning 10-1-07. In exchange for this cost assumption, the county will have to forgo a <br />portion of their ADM school funding. The county must hold the school systems harmless <br />and still fund the ADM for the FY 08 budget year. Based on the State April Medicaid Hold <br />Harmless report, the amount of ADM funding that will be withheld from Cabarrus County is <br />$687,112. This amount will be transferred from the Medicaid expense line item to the ADM <br />School Fund. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to adopt budget amendment. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Susan B. FearringtonlAsst. Finance Director Date: 5/12/08 <br />Name I Job Title <br />Budget Amendment Required: ^X Yes ^ No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^D Yes ^ Nc <br />County Manager's Recommendations/Comments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />F-~ <br />