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HomeMy WebLinkAboutRes 097 - Transfer Appropr - Insurance-Risk Mgmt�JEs C v w O2� o Deschutes 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 29, 2011 Please see directions for completing this document on the next page. DATE: June 13, 2011 FROM: Marty Wynne Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2011-097, transfer of appropriation in the Insurance/Risk Management Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2011-097. An increase in the Materials & Service category is required because expenditures for unemployment claims are higher than estimated in the original FY 2011 budget. FISCAL IMPLICATIONS: A transfer of appropriation from Contingency to Materials & Service for $190,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2011-097. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388-6559 Erik Kropp, BOCC 388-6584 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 of the 2010-2011 * RESOLUTION NO. 2011-097 Deschutes County Budget and Directing Entries * WHEREAS, attached is an e-mail from the Risk Management 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. FROM: TO: That the following transfers of appropriations be made: 670-7100-501-97-01 670-7100-415.52-55 Deschutes County Insurance Fund, Risk Management, Contingency $ 190,000 Deschutes County Insurance Fund. Risk Management. Unemployment Losses $ 190,000 Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this th day of June, 2011. ATTEST: Recording Secretary PAGE OF 1-RFS01.111 rON NO. 2011-097 (06/29/111 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON TAMMY BANEY, Chair ANTHONY DEBONE. Vice -Chair ALAN UNGER, Commissioner Lacy Nichols From: Erik Kropp Sent: Thursday, June 09, 2011 10:58 AM To: Marty Wynne Cc: Jeanine Faria; Lacy Nichols Subject: Fund 670 M S Appropriation Transfer unempl insurance.xls Marty: Attached is a request for an appropriation transfer. Thanks, Erik I Fund 670 M 5 Appropriation Tr... A transfer of appropriation is required for the following reason and will be used for the following purpose: Expenditures for unemployment claims have been higher than anticipated. Additional appropriation is required. a) U 7 N O w Revised Budget 0 0 0 c 1.0 co 2,156,473 TOTAL 2,506,473 - 2,506,473I To (From) 190,000 (190,000) Current Budgeted Amount 160,000 2,346,473 Description (Element -Object, e.g. Time Mgmt, Temp Help, Computer Hardware) Unemployment Losses [ontingency a^ 0 rn a) U (Pers, M&S, Cap Out, Contingency) Materials & Services 0 c a) rn c •4:,- c c O U Line Number (HTE 14 digit code) 670-7100-415.52.55 670-7100-501.97-01 NN Y A transfer of appropriation is required for the following reason and will be used for the following purpose: Expenditures for unemployment claims have been higher than anticipated. Additional appropriation is required. a) U 7 N O w