title
Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Fund Balance from the General Fund for the Self Insurance Fund ($11,000,000) for FY2026. To Appropriate Additional Revenue for the Social Services Beneficiary Fund ($100,000)
body
STAFF CONTACT
Kyle Sutherland - Finance Department - 704-866-3130
BUDGET IMPACT
budget
• General Fund: Increase fund balance appropriation and transfers out by $11,000,000.
• Self Insurance Fund: Increase transfers in and expense by $11,000,000.
• Social Services Beneficiary Fund: Increase revenue and expense by $100,000.
body
BACKGROUND
Funds received in the Self Insurance Fund cover health, dental, and life insurance expenditures for active and retired employees. In FY2026, insurance costs increased above the level budgeted and an appropriation of fund balance in the General Fund and a transfer to the Self Insurance Fund are required to balance the fund.
In FY2026, the County paid out higher than expected expenditures for Representative Payees due to clients transferring from DSS custody. When clients leave DSS custody or become deceased, these remaining funds are transferred back to the Social Security Administration. This Board Action appropriates $100,000 to cover the additional expense.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)