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HomeMy WebLinkAboutBudget Transfer - AuditorsI Apn'd 21, 2022 Grant. County Commis'sioners Re: Healtlicare...tolds 'Transfers y C&Ak E4 „AILED�' L GRArIT COUNTY OFFICE OF THE AUDITOR Accounfing Department I A Rv PP APR 2 6 20"Z 'M (%AID As of March 3 1 st'.. the Interfund Benefits ffind (505) was at a deficit of $91,071.25. Upon review there appear to be several contributing factors, the first of which being high claim, costs. The first quarter ctai*ms totaled approximately $-2,876,704.2S, nearly $700,000.00 more than. the first quarter claims for 202-1., The average monthly net change for Interfund Benefits (notiudinncl the previous transfer of $500,000 in February 2022) for the first quarter was ($259,0.00.00). The second factor regards premium collection discrepancies caused by errors in HMA ..s reporting of employee coverage. The Human Resources department is workii-igwith HMA to le renuums. The Acro' Department 'has also begun co ' reconci p nductina a separate detalled review of premium accruals. Currently, thee appears to be a$1,000 deficitbetw e premium accrual expected (per HM.A) and collected premiums, however the accuracy of HMA:s data is Nein g questioned. Additionally, the board approved A a 2021 well nes s incentive of $250 for quallfying employees. Eight, six county employees completed the wellness requirements and were eli%dble to receive the incentive. The incentive vas disbursed on February 25t", 2022 froom. the Other Benef-sit, fund (508) with a total disbursement amount of $21,750. Unfortunate I ly, this incentive disbursement was not.fficluded in the 2022 budget but was intended to be paid from. Interfund Beriefits (SOS). The $21,750 expense will be transferred from Other Benefits (508) to Interfund Benefits (505), causing the Interffind Benefits (505) deficit to become $1.1.2,823.25. As such, I am requesting to transfer $500,000 from the Healthcare Reserve fund (525-000) to Interfund .Benefits (505-184). This should allow Interfund Benefits (5 05 to maintain apositive balance for Apffl. I will continue to monitor this situation closely and keep the County Commissioners apprised of the situation. I am also requesting to transfer the expense of the wellness incentive, $21,750, from Other Benefits (508) to Interfund Benefit's (505). Thank you for your time and consideration of this request. 7o meet current and future needs, serving together with public and private entities, while fostering a respectful and successful work environment." Respectfully, Katie Smith Chief Financial Oce Grant County Box 37 Ephrata, WA 98823 509-754-2011 Ext.- 2740 cc* Michele Jaderlun , Auditor .tor IC -irk Edinger, Human Resources Darryl Pheasant, reasurer U.1ises Infan I, H C Cc minittee Chair