www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 25, 2016
October 25, 2016 - Regular Meeting
Agenda Item #44


Subject
Employee Self-Insurance Fund - Budget Amendment

Briefings
Briefing Provided Upon Request

Contact and/or Presenter Information
Kim Stroud - Division Manager, Employee Health Benefits, x6432

Action Requested
Adoption of Budget Amendment Resolution B-16-094 approving the transfer of funds from Reserves in the Health Self Insurance Fund to claims payment cost centers.

Enabling/Regulating Authority

N/A



Background Discussion

During FY16, the County incurred multiple high dollar, catastrophic, and unusual medical cases resulting in higher than normal claim payments.  That, paired with the increasing costs related to healthcare and our aging population of members, contributed to higher claim expenditures for FY 16 than initially projected and budgeted.  Staff requests authorization to transfer $4,610,000 from Reserves in the Health Self Insurance Fund for medical, dental, and prescription claim payments through September 2016.

Approximately $1.2 million of the additional claims costs were recovered through our stop-loss insurance policy.  The Health Self Insurance Fund has sufficient Reserves for Medical Claims for this transfer.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records

Please provide a copy of the signed agenda item and budget amendment document to Kim Stroud at kim.stroud@mymanatee.org.

Please provide a copy of the budget amendment to budget@mymanatee.org.



Cost and Funds Source Account Number and Name
5060004100 $4,610,000

Amount and Frequency of Recurring Costs
n/a


Attachment:  B-16-094 Health Insurance.pdf