3.C.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 12/11/2019
- Department Head:
- Maria Munoz
- Submitted By:
- Maria Munoz, HR Technician, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding the increase to budgeted expense for SIARMED's audit. (Susan Posada, Consultant and Broker).
SUMMARY:
SIARMED's audit will be concluded by Health Claim Auditors, Inc. (HCA). The audit was designed to look at the carrier's ability to pay claims accurately and timely and involves a look at the system as well as the processed utilized.
Total cost for audit will be $16,200, a difference of $2,200 from the budgeted amount of $14,000.
Total cost for audit will be $16,200, a difference of $2,200 from the budgeted amount of $14,000.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO ________________ THE INCREASED BUDGETED AMOUNT FOR SIARMED'S AUDIT.
Fiscal Impact
Fiscal Impact:
FISCAL IMPACT:
Audit expense increased from the budgeted amount of $14,000 to $16,200
Audit expense increased from the budgeted amount of $14,000 to $16,200