File #: 21-0947    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 7/2/2021 In control: Finance Committee
On agenda: 7/12/2021 Final action: 7/21/2021
Title: Request to approve the following 2021 Budget adjustment: General Fund Transfer Out - Risk Management Fund +$1,300,000 Wage Reserve - $1,300,000 Risk Management Fund Transfer In - General Fund +$1,300,000 Uninsured Claims - Workers Compensation +$1,300,000 to transfer funds to Risk Management Fund required reserve and current year claims (2/3 vote of Council required)
Attachments: 1. Finance Committee - Risk Reserve Fund Transfer 2021.pdf, 2. Actuarial Report 2020 Final Risk Management.pdf

Title

Request to approve the following 2021 Budget adjustment:

 

General Fund

Transfer Out - Risk Management Fund                                                                                                                                                   +$1,300,000

Wage Reserve                                                                                                                                                                                                                                                                                 - $1,300,000

 

Risk Management Fund

Transfer In - General Fund                                                                                                                                                                                                                  +$1,300,000

Uninsured Claims - Workers Compensation                                                                                                         +$1,300,000

 

to transfer funds to Risk Management Fund required reserve and current year claims (2/3 vote of Council required)