TO: Board of Supervisors
FROM: Kerry Whitney for Minh Tran - County Executive Officer
REPORT BY: Sandra Hage, Staff Services Analyst I - (707)253-4799
SUBJECT: Budget Adjustment for General Liability
RECOMMENDATION
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County Executive Officer and Risk and Emergency Services Manager requests approval of Budget Transfer No. CEO022 increasing appropriations in the amount of $256,733 from fund balance for resolution of claims payment requirements resulting from adverse court judgment. (4/5 vote required)
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EXECUTIVE SUMMARY
This adjustment is necessary to make final payment to conclude resolution of claims.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact? Yes
Is it currently budgeted? No
Is it Mandatory or Discretionary? Mandatory
Is the general fund affected? No
Future fiscal impact: None.
Consequences if not approved: The County will not be able to resolve these claims and would incur additional fees.
County Strategic Plan pillar addressed: Effective and Open Government
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.
BACKGROUND AND DISCUSSION
This item increases expenditures in the General Liability Insurance sub-division in the amount of $256,733. The General Liability sub-division has incurred an unexpected adverse court judgment which resulted in claim payment requirements not anticipated during the finalization of the 2020-21 General Liability budget. These funds are allocated to cover the balance of the court judgment requirement to be paid prior to fiscal year end. The requested budget adjustment increases the budget to pay this court judgment from fund balance. Therefore, approval of the budget adjustment in the amount of $256,733 is requested.
SUPPORTING DOCUMENTS
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CEO Recommendation: Approve