Agenda

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County Administrator's Report 13. 26.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	09/20/2018
Issue: Supplemental Budget Amendment #224 - Increase in the Dependent Group Health Revenue Budget
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #224 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #224, Internal Service Fund (501), in the amount of $1,500,000, to recognize an increase in the dependent group health revenue budget due to higher than projected employee contributions, and to appropriate these funds to be used toward the County's self-funded health insurance claims to complete Fiscal Year 2017/2018.

BACKGROUND:

For FY17/18 the County brought over the ECAT employees and increased the revenue projections associated with providing healtcare for all County employees. The associated revenues with the employee paid portion of the premiums is higher than expected. These funds are being recognized to cover additional costs for our self-funded health insurance claims. There have been 17 claims over $125k for FY17/18. There are four brackets with different monthly costs paid by employees depending on what type of coverage an employee has chosen.
Categories:
Employee, Employee & Spouse, Employee & Children, Family

BUDGETARY IMPACT:

This amendment will increase Fund 501 by $1,500,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases and decreases in revenues to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#224
Employee Premiums 2018