TITLE:title
Budget Amendment - Health Benefits Internal Service Fund
body
INFORMATION CONTACT:
Blake Hart, Budget Management, Director, 704-283-3674
ACTION REQUESTED:
Adopt Budget Amendment 34.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
End of year medical expenses can be difficult to project. This budget amendment is a precautionary measure to appropriate available fund balance in the Health Benefits fund and ensure sufficient budget to cover all end of year expenditures. Any unused funds will return to fund balance.
FINANCIAL IMPACT:
Appropriate Health Benefits Fund fund balance, in the amount of $1,500,000, to cover increased medical claims.