Supplemental Budget Amendment #053 - Funds from Florida Blue
From:
Amy Lovoy, Assistant County Administrator
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #053 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #053, Internal Service Fund (501) in the amount of $200,000, to recognize proceeds from Florida Blue, and to appropriate these funds for employee wellness and health related activities.
BACKGROUND:
Escambia County needs to recognize $200,000 from proceeds received from Florida Blue. Florida Blue offered several incentives during the self funding RFP process to assist the County. $125,000 was given to be used to assist the County to further the employee wellness programs. $25,000 was negotiated to cover audit activities for medical and/or the pharmacy portion of the employee's health insurance.
Also, back in July 2014, the BCC approved a $150,000 wellness incentive with the understanding that if the Board cancels coverage before 2018, the County would repay the funds on a prorated basis. This amendment recognizes $50,00 which is the FY16 portion to be used in the current budget.
BUDGETARY IMPACT:
This amendment will increase Fund 501 by $200,000.
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.