ITEM TITLE:
Approval of Payment to State of Alaska for Settlement of Liabilities Arising from the 2012 Valdez Senior Center Medicaid Audit in the Amount of $225,000
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $225,000
Unencumbered Balance: $225,000 (pending approval of Budget Resolution)
Funding Source: 001.0820.48600, Contributions - Valdez Senior Center (VSC)
RECOMMENDATION:
Approve $225,000 Payment to State of Alaska, Representing Settlement of Liabilities Arising from the 2012 Valdez Senior Center Medicaid Audit.
SUMMARY STATEMENT:
• A separate item on the May 2 Agenda establishes the funding for this item, via a transfer from Council Contingency Reserve to Contributions-Valdez Senior Center. Final approval is contingent upon approval of the related budget resolution.
• The attached agreement between the State and Senior Center has been reviewed by the City’s legal dept, and is approved as to form.
• Staff will hold payment until the document is fully executed.