 | RESOLUTION NO. 306 of 2015 DATED: December 29, 2015 |
RESOLUTION AMENDING 2015 OPERATING BUDGET - COUNTY ROAD FUND (PUBLIC WORKS)
| Seconded by: | Purtell |
WHEREAS, the budget for fringe benefits in each fund is determined using the following factors: number of employee charged to each fund, historical benefit costs for that fund, and expert analysis from the County's carriers, and
WHEREAS, with the County being self-insured for health insurance including pharmacy, dental and vision, the County is responsible to pay all medical bills incurred by employees from the fund in which they work out of,
WHEREAS, the costs in the County Road fund have exceeded the 2015 budget amount and it is necessary to transfer money to provide payment.
RESOLVED, that the County Treasurer is hereby authorized and directed to amend the 2015 Operating Budget as follows:
| TRANSFER FROM: | ||
| D-12-4-5110-00-1110(144) | Hourly Employees | $36,500.00 |
| D-12-4-9001-00-8820 | Retirement | $33,800.00 |
| TRANSFER TO: | ||
| D-12-4-9001-00-8850 | Hospital & Medical Ins. | $70,000.00 |
| D-12-4-9001-00-8853 | Visual Care Benefits | $300.00 |
| INCREASE: | ||
| A 599 | Appropriated Fund Balance | $144,000.00 |
| A-06-4-9900-00.9901 | Transfer to County Road Fund | $144,000.00 |
| D-12-3-5031 | Interfund Transfers | $144,000.00 |
| D-12-4-9001-00.8850 | Hospital and Medical Insurance | $144,000.00 |
RESOLUTION VOTE, passed with Aye(9). (12/29/2015)
Statement of Legislative and Financial Impact:
I. Nature of Request:
Fund transfer needed due to shortfall in Benefit lines.
II. Justification:
Funds required to pay invoices from Personnel Department
III. Legislative Impact:
Pursuant to Article 2 of the Montgomery County Charter the legislature has the power to make appropriations
IV. Financial Impact:
Additional $214,300.00 required for Benefit Reimbursement
| cc: | County Clerk County Treasurer Public Works |
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