HomeMy WebLinkAboutRes 033 - Transfer Appropr - Risk MgmtDeschutes 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 April 29, 2015
Please see directions for completing this document on the next page.
DATE: April 16, 2015
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FROM: Wayne Lowry \p / Finance (541) 388-6559 I
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TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2015-033, transfer of appropriation in the Risk
Management Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:1 Consideration of Resolution #2015-033. Expenditures for Liability Losses and Workers' Compensation 1
claims are higher than anticipated in the FY 2015 original budget. Additional appropriation is required 1 in the Materials & Services category.
1 FISCAL IMPLICATIONS:
A transfer of appropriation from Contingency to Materials & Services for $775,000 is necessary.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2015-033.
ATTENDANCE: Wayne Lowry
DISTRIBUTION OF DOCUMENTS:
Wayne Lowry, Finance Department 388-6559
Erik Kropp, Risk Management 388-6584
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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 2014-2015 RESOLUTION NO. 2015-033 *
Deschutes County Budget and Directing Entries *
WHEREAS, attached is an e-mail from the Deputy County AdministratQr 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: 670-7100-501.97-01 Deschutes County Risk Management,
Conti ngency $ 775,000
TO: 670-7100-415.52-11 Deschutes County Risk Management,
Liability Losses $ 300,000
TO: 670-7100-415.52-45 Deschutes County Risk Management,
Workers' Comp Losses $ 475,000
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 April, 2015.
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COlWTY, OREGON
ANTHOY DEBONE, Chair
ATTEST: ALAN UNGER, Vice-Chair
Recording Secretary TAMMY BANEY, Commissioner
PAGE I OF I-RESOLUTION NO. 2015-033 (04/29/15)
Lacy Nichols
From: Erik Kropp
Sent: Monday, April 13, 2015 12:20 PM
To: Wayne Lowry
Cc: Lacy Nichols; Jeanine Faria
Subject: budget adjustment request
Wayne:
Due to higher than budgeted expenditures in workers comp and general liability claimsl attached is a budget adjustment
request. Please prepare a resolution to increase the Materials & Services category.
Thanksl
Erik
Risk Mgt Fund 670
budget adjus ...
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Deschutes County
Appropriation Transfer Request
Item
1
2
3
Line Number
(HTE 14 digit code)
670-7100-415.52.11
670-7100-415.52-45
670-7100-501.97-01
Category
(Pers, M&S, Cap Out,
Contingency)
Materials & Services
Materials & Services
Contingency
Description
(Element-Object, e.g. Time Mgmt,
Temp Help, Computer Hardware)
General Liability Losses
Workers' Compensation Losses
Contingency
Current
Budgeted
Amount
400,000
600,000
3.864,322
To (From)
300,000
475,000
(775,000)
Revised
Budget
700,000
1,075,000
3,089,322
TOTAL 4,864,322 -4,864,322
A transfer of appropriation is required for the following reason and will be used for the following purpose:
Expenditures for Liability and Workers' Compensation claims have been higher than anticipated. Additional appropriation is required.
Fund:
Dept:
Requested by:
Date:
Insurance
Risk Management
Erik Kropp
April 13, 2015