Broward County Commission Regular Meeting

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AI-28829

15.

Meeting Date:	05/07/2019
Director's Name:	Norman Foster
Department:	Management & Budget

Information

Requested Action

MOTION TO ADOPT budget Resolution No. 2019-249 transferring $750,000 within the Broward Sheriff's Office (BSO) Self-Insurance Fund from the reserve to law enforcement liability claims.

ACTION: (T-10:58 AM) Approved.

VOTE: 9-0.

Why Action is Necessary

Transferring funds from reserves requires approval of the Board of County Commissioners.

What Action Accomplishes

Transfers $750,000 within the BSO Self-Insurance Fund from the reserve to law enforcement liability claims.

Is this Action Goal Related

Previous Action Taken

None.

Summary Explanation/Background

This motion seeks approval to transfer $750,000 within the BSO Self-Insurance Fund from the reserve to law enforcement liability claims to allow BSO to settle claims. According to BSO, there have been an unusually high level of claims related costs and expenses this Fiscal Year. The Fiscal Year 2019 operating budget includes $4,493,880 for BSO liability claims. If approved, this transfer would bring BSO's total Fiscal Year 2019 budget for liability claims to $5,243,880.

Source of Additional Information

Colonel James Reyes, BSO Department of Administration, (954) 831-8180
Norman Foster, Director, Office of Management and Budget, (954) 357-6346

Fiscal Impact

Fiscal Impact/Cost Summary:

The BSO Self-Insurance Fund reserve is budgeted at $19,320,000 in Fiscal Year 2019. This action would reduce that reserve by $750,000.

Attachments
Exhibit 1 - BSO Request
Exhibit 2 - Budget Resolution