Insurance reimbursements totaling $5,241.51 were received from the County’s vehicle insurance policy to compensate for two accidents involving Building Department vehicles. These reimbursements are meant to cover the cost of repairs needed to the vehicles less a $250 deductible for each occurrence.
A budget adjustment and appropriation are necessary to reflect the revenue and expenditures associated with the repairs. Because this insurance revenue was deposited to the General Fund initially, a transfer between funds is necessary to shift the funding to the Code Compliance Fund for the Building Department’s use towards the vehicle repairs.