Approve Request for Appropriation Modification No. 160 - $27,263,781 increasing estimated revenue and expenditure appropriations in the Valley Health Plan budget, relating to Fiscal Year 2025-2026 year-end clean-up actions. (4/5 Vote)

This document is a report from Victoria Phan, Acting Chief Executive Officer, to the Board of Supervisors regarding the Valley Health Plan Year-End Clean Up for Fiscal Year 2025-2026. It recommends the approval of an appropriation modification to increase estimated revenue and expenditure appropriations by $27,263,781. The increase is due to retroactive rate adjustments and higher-than-projected membership. The report outlines the fiscal implications, reasons for the recommendation, and potential consequences of negative action.

Key points

• The report is addressed to the Board of Supervisors from Victoria Phan.
• It recommends an appropriation modification of $27,263,781 for the Valley Health Plan budget.
• The increase is attributed to retroactive rate adjustments and higher membership in certain populations.
• The adjustment is necessary to align the budget with projected revenues and expenses.
• The action is stated to have no/neutral impact on children and seniors.
• Consequences of not approving the action could lead to budget non-compliance and penalties.

Limitations

• The document includes placeholders for certain sections that are not filled in.
• The document does not specify the exact nature of the attachments mentioned.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

The source text indicates this attachment appears to be a draft document.

This document is a request for appropriation modification for the fiscal year 2026 related to the County of Santa Clara. It includes budget details for capitation revenues and expenses, with a grand total of $27,263,781.00 for both revenues and expenditures.

Key points

• County of Santa Clara
• Request for appropriation modification
• Fiscal Year: 2026
• Budget details include capitation revenues and expenses
• Grand total for revenues and expenditures: $27,263,781.00

Limitations

• The document does not specify the exact nature of the appropriation modification.
• There are unresolved placeholders such as 'Fund', 'Budget Unit', and 'Cost Center'.
• The document appears to be a draft as it includes a prepared by section without a name.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.