HomeMy WebLinkAboutMINUTES - 12141999 - C138 TO: BOARD OF SUPERVISORS CONTRA
C5. ; � COSTA
FROM: Phil Batchelor, County Administrator
COUNTY
DATE: December 14, 1999
SUBJECT: Transfer from Designation for litigation and Audit Exceptions
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION(S):
1. AUTHORIZE the Auditor-Controller to reduce the Designation for Litigation and Audit
Exceptions by $3,151,407 and transfer funds to the Medical Self Insurance Trust.
BACKGROUNDIREASONS FOR RECOMMENDATIONS:
Annual actuarial studies are conducted to assess the adequacy of financing for the County's self
insurance trust funds. The latest study indicated that additional financing is necessary for the
Medical Self Insurance Trust fund. The transfer of funds from the designation for litigation and audits
would address the concern raised by the actuarial report.
CONTINUED ON ATTACHMENT: —YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR iRECOMMENCIATEON OF BOARD COMMITTEE
?APPROVE —OTHER
SIGNATURE(S):e&.&e le /Avv
ACTION OF BOARD ON APPROVED AS RECOMMENDED XX OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS fs A
XX UNANIMOUS(ASSENT - - 1 TRUE AND CORRECT COPY OF AN
AYES: I NOES: ACTION TAKEN AND ENTERED
ASSENT: ABSTAIN: ON MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact:Tony Enea-835-1084
ATTESTED
PHIL BATCHELOR,CLEAK OF
THE BOARD OF SUPERVISORS
AND
COUNTY ADMINISTRATOR
�W
cc CAO
Jae Tonda,Risk Management a4e ,DEPUTY