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Nathaniel Witherell transfer of $240,000 approved by BET Budget Committee
Summary
The BET Budget Committee approved a $240,000 intra-department transfer at Nathaniel Witherell to cover insurance, maintenance, food and other supplies after a lower-than-expected staff enrollment in the insurance plan produced a surplus.
The Board of Estimate & Taxation Budget Committee on June 16 voted 4-0 to approve NW-4, a $240,000 transfer at Nathaniel Witherell moving funds from the Fringe Benefits account to Supplies, Materials & Insurance.
Kelly Nardone, Director of Financial Operations at Nathaniel Witherell, detailed the allocations: $70,000 to insurance, $70,000 to maintenance and general purposes, $2,000 to pharmacy/medical, $8,000 to custodial/household supplies, and $90,000 to food. Nardone said the move was possible because "the surplus resulted from a lower number of staff enrolled in the insurance plan than budgeted." The Committee characterized the item as routine and recommended approval to the full BET.
