Report Prepared by: Maggie Lemos, Risk Analyst, Human Resources Department
Title
SUBJECT: Approval of a Supplemental Appropriation from the General Fund in the Amount of $202,000 and Fund 666-Workers Compensation in the Amount of $8,690 Due to Increased Worker's Compensation Claims Activity in Fiscal Year 2021-2022
REPORT IN BRIEF
Considers approving a supplemental appropriation in the General Fund in the amount of $202,000 and in Fund 666-Worker's Compensation in the amount of $8,690 due to higher than projected worker's compensation claims activity than what was originally budgeted for in fiscal year 2021-2022.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving a supplemental appropriation from the General Fund unencumbered, unreserved fund balance in the amount $202,000, transfer to Fund 666-Worker's Compensation and appropriate the same in Fund 666-Worker's Compensation; and,
B. Approving a supplemental appropriation of $8,690 from the unencumbered, unreserved fund balance in Fund 666-Worker's Compensation to cover expenditures; and,
C. Authorizing the Finance Officer to make the necessary budget adjustments.
Body
ALTERNATIVES
None.
AUTHORITY
Article XI - Fiscal Administration.
CITY COUNCIL PRIORITIES
As provided for in the 2021-22 Adopted Budget.
DISCUSSION
The City of Merced's Workers' Compensation program is a self-funded plan. During the annual budget process, the Human Resources department works with the City Attorney's office to estimate the needs of existing claims and pending settlements to recommend funding for this program. During this fiscal year, the City has experienced higher than anticipated workers' compensation claims activity than what was originally budgeted for in fiscal year 2021-2022
Human Resources is requesting a supplemental appropriation of $202,000 from the General Fund to cover the claims and payments needed for the administration of the City's self-insured worker's compensation plan. The department ...
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