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HomeMy WebLinkAboutRes 086 - Transfer Appropr - Health Benefits TrustDeschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 -Fax (541) 385-3202 -www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of June 27, 2012 Please see directions for completing this document on the next page. DATE: June 15,2012 FROM: Marty Wynne Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2012-086, transfer of appropriation in the Deschutes County Health Benefits Trust Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2012-086. Health and Dental benefits paid are projected to be in excess of what was budgeted; therefore, additional Materials & Service appropriation is required in order to comply with ORS 294.435. FISCAL IMPLICATIONS: A transfer of appropriation from Contingency to Materials & Service for $1,200,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2012-086. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388-6559 I I ! I ~ ------ REVIEWED LEGAL COUNSEL For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations * Within the Various Funds ofthe 2011-2012 RESOLUTION NO. 2012-086 * Deschutes County Budget and Directing Entries * WHEREAS, attached is a document from the Finance Department requesting a transfer of appropriations, and WHEREAS it is necessary to transfer appropriations within the Deschutes County Budget to accommodate the request; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That the following transfers of appropriations be made: FROM: 675-3100-501.97-01 Deschutes County Health Benefits Trust, Personnel, Contingency $1,200,000 TO: 675-3] 00-415.52-01 Deschutes County Health Benefits Trust, Settlement/Benefits $1,200,000 Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this day of June, 2012. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ANTHONY DEB ONE, Chair ATTEST: ALAN UNGER, Vice-Chair Recording Secretary TAMMY BANEY, Commissioner PAGE 1 OF I-RESOLUTIOl'.' NO. 2012-086 (06/27/12) I 1 j \ 1 Lacy Nichols From: Jeanine Faria Sent: Friday, June 01,20128:41 AM 1 To: Marty Wynne Cc: Lacy Nichols f Subject: Appropriation Transfer Attachments: Appropriation Transfer Fund 675a.xls I I I ~ As the health benefit payments are projected to be in excess of budget, an appropriation transfer from Contingency to Materials & Services is required for the Health Benefits Trust Fund (Fund 675). A resolution will need to be prepared and included on the BOCC agenda, as soon as possible. I I Jeanine I i i I ~ I I I 1 I I I I I ! I I t i I I 1 1 3 i , 1 Line Number Item (HTE 14 digit code) 1 675-3100-415.52-01 2 675-3100-501.97 -01 TOTAL Deschutes County Appropriation Transfer Request Category (Pers, M&S, Cap Out, Contingency) Materials & Services Personnel Description (Element-Object, e.g. Time Mgmt, Temp Help, Computer Hardware) Settlements/Benefits Contingency Current Budgeted Amount 14,338,258 13,185,223 27,523,481 To (From) Revised Budget 1,200,000 15,538,258 (1,200,000) 11,985,223 -27,523,481 A transfer of appropriation is required for the following reason and will be used for the following purpose: Health and Dental benefits paid are projected to be in excess of what was budgeted and additional Materials & Services appropriation is required in order to comply with ORS 294.435 Fund: Dept: Requested by: Date: Health Benefits Trust Personnel Marty Wynne June 1, 2012 --.•.--­