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File #: 25-331    Version: 1
Type: Consent Agenda Status: Agenda Ready
File created: 5/19/2025 In control: Board of Commissioners
On agenda: 6/16/2025 Final action:
Title: Budget Amendment - Health Benefits Internal Service Fund
Attachments: 1. Budget Amendment 36
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Budget Amendment - Health Benefits Internal Service Fund

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INFORMATION CONTACT: 

Jason May, Budget & Grants Management, Director, 704-283-3760

ACTION REQUESTED:

Adopt Budget Amendment 36.

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 Fund Benefits Fund fund balance, in the amount of $4,300,000, to cover increased medical claims.