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June 15, 2015 (Regular Meeting)
<br />Page 2438
<br />00195645 -9101
<br />ISalaries and Wages_
<br />1 $4, 307, 053.001
<br />Inc
<br />Amount
<br />1 $61,000.00
<br />$4,246,053.00
<br />00195640 -9609
<br />ILegal
<br />1 $56,500.001
<br />$157,010.00
<br />$206,500.00
<br />(F -5) Finance — Health Insurance Fund — Budget Amendment
<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 earnings
<br />were over - budgeted for Plan Year 2015. Expenditures for CIGNA Administrative
<br />fees, and Claims were under - budgeted for the Plan Year 2015. The attached
<br />budget amendment reflects these adjustments and incorporates the use of
<br />appropriated fund balance to cover the shortfall. The use of Fund Balance
<br />was anticipated due to the Health Insurance reductions made during the FY15
<br />budget approval on June 16, 2014.
<br />UPON MOTION of Commissioner Mynatt, seconded by Commissioner Honeycutt
<br />and unanimously carried, the Board approved the Health Insurance Fund budget
<br />amendment.
<br />Date: 6/9/2015 Amount: $1,067,419.0
<br />Dept. Head: Susan. Fearrington - Finance Director Department: Finance
<br />D Internal Transfer Within Department LI Transfer Between Departments /Funds Q Supplemental Request
<br />Purpose: Finance annually reviews the revenues and expenditures of the Health Insurance Fund
<br />based on the actual activity that occurred in the fund. Revenue estimates for premiums, CIGNA
<br />pharmacy rebate and interest earnings were over- estimated for Plan Year 2015. Expenditures for
<br />CIGNA Administrative fees, and Claims were under - budgeted for the Plan Year 2015. This budget
<br />amendment reflects these adjustments and incorporates the use of appropriated fund balance to
<br />cover the shortfall. The use of Fund Balance was anticipated due to the Health Insurance
<br />reductions made during the FY15 budret annroval on June 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 />$157,010.00
<br />$_7,6
<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 />dministrative Fees
<br />$1,504,310.00
<br />$30,000.00
<br />$1,534,310.00
<br />61091917 - 948501
<br />drain -HSA Origin Fees
<br />$326,250.00
<br />$4,573.00
<br />$321,677.00
<br />61091917- 948502
<br />HRA 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 />(F -6) Finance - Update of Capital Project, Special Revenue and Capital
<br />Reserve Fund Budgets and related Project Ordinances
<br />Each year the multi -year fund budgets and Project Ordinances are
<br />evaluated and updated.
<br />Based on the Finance Department's evaluation:
<br />A budget amendment is included with this agenda item for the
<br />Certificates of Participation 2009 Capital Project Fund (Fund 365), the
<br />Capital Reserve Fund (Fund 450), the Small Projects Capital Project Fund
<br />(Fund 460) , the Sheriff's Department Special Revenue Fund (Fund 461) , the
<br />Department of Aging Special Revenue Fund (Fund 532), and the Cannon Memorial
<br />Library Fund (Fund 534).
<br />Project Ordinance updates are included with this agenda item for the
<br />Construction and Renovation Capital Project Fund (Fund 343), School
<br />Construction Capital Project Fund (Fund 364), the Certificates of
<br />Participation 2009 Capital Projects Fund (Fund 365), the Capital Reserve Fund
<br />(Fund 450), the Small Projects Capital Projects Fund (Fund 460), the
<br />Sheriff's Department Special Revenue Fund (Fund 461), the Department of Aging
<br />Special Revenue Fund (Fund 532), and the Cannon Memorial Library Fund (Fund
<br />534).
<br />UPON MOTION of Commissioner Mynatt, seconded by Commissioner Honeycutt
<br />and unanimously carried, the Board approved the Multi -year Budget Amendment
<br />and revised Project Ordinances.
<br />Date: 5/20/2015 Amount:$881,163.76
<br />Dept. Head: Susan Fearrington Department: Finance
<br />1 Internal Transfer Within Department LI Transfer Between Departments /Funds 2 Supplemental Request
<br />
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