Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
3/6/2017

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman/Chief Spruill

Subject:          Budget Amendment


Recognize auto insurance revenue (103820.9999) in the amount of $14,846.42 and appropriate to the Police Department's Vehicle Insurance account (105100.0452) for multiple vehicle claims.  There are two separate incidents covered; $5,571.42 is related to the auto claim that involved multiple vehicles Chief Spruill described at the February 20 meeting.  Our insurance carrier frequently pays in multiple supplements based on revising estimated repair costs when each vehicle enters the shop; this reimbursement is the second of three reimbursements.  The remaining $9,275.00 is related to a single car auto claim on December 15, 2016 on Old Statesville Road. 


ACTION RECOMMENDED: 

Approve Budget Amendment.

 
 
FINANCIAL IMPLICATIONS:

Additional revenue in the amount of $14,846.42; no change to fund balance.