Title
Consideration of and action on an ordinance to amend the Fiscal Year 2019-2020 Budget for the Warehouse.
Body
Summary:
The Fiscal Year 2019-2020 Budget includes health/life insurance costs for employees of each division. During the prior fiscal year, an employee in the Warehouse made a change to their health insurance coverage during the year, which resulted in a higher cost of health/life insurance due to the increase in premiums related to the change. Unfortunately, during the budget process for Fiscal Year 2019-2020, the health insurance cost for the Warehouse was mistakenly not updated to reflect the increased annual premium. While favorable variances in other line items offset a portion of this extra expenditure, a budget amendment in the amount of $3,700.00 is requested to appropriate the additional funds necessary to fully fund the Warehouse for the fiscal year. A budget amendment in the amount of $3,700.00 is requested to appropriate the additional funds necessary to fully fund the Warehouse for the fiscal year. This additional appropriation would be funded by the unassigned fund balance of the General Fund.
Fiscal/Budgetary Impact:
Add $3,700.00 to the Fiscal Year 2019-2020 budget for the Warehouse (Account No. 010-320-41080, Health/Life Insurance), to be funded by the unassigned fund balance of the General Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the Fiscal Year 2019-2020 Budget for the Warehouse.