Loading...
HomeMy Public PortalAbout2017-02-14 Veterans Transfer ToWN OF 1630 WATERTOWN A. .� Office of the Totun Manager Administration Building rt 149 Main Street Ys �t Watertown,,VIA 02472 Plione:617-972-6465 Michael J. Driscoll %"mwatertown-ma.gov townmat Cahvate rtown-ma.eov Town Manager To: Honorable Town CouncilC--------—---",\ From: Michael J. Driscoll, Town Manager Date: February 9, 2017 RE: Agenda Item—Transfer of Funds Request Enclosed please find correspondence from Mark R. Comeiro, Veterans' Services Officer, regarding the need for additional finding of the Veterans' Benefits Account for the remainder of the Fiscal Year. Therefore, I respectfully request the attached transfer be placed on the February 14, 2017 Town Council Agenda. Thank you for your consideration in this matter. cc: Mark R. Comeiro, Veterans' Services Officer Thomas J. Tracy, Town Auditor/Assistant Town Manager for Finance Transfer Amount $44,000 From: FY 2017 Town Council Reserve $ 44,000 0111152-570780 To: FY 2017 Veterans Benefits $ 44,000 0154352-570770 1 hereby certify to the availability, authority of funding source, mathematical accuracy and appropriate fiscal year. � � , Data' Town Auditor TOWN OF WATERTOWN 1630 Veteran Services A. \ Administration Building 149 Main Street Watertown,MA 02472 Phone: 617.97M416 Fax: 61T924.0858 www.watertowri-raa.gov To: Michael J. Driscoll, Town manager From: Mark R. Comeiro, Veterans' Services Officer �� Date: January 26"i, 2017 U RE: Transfer of Funds—Veterans' Benefits As you are aware the current Fiscal Year 2017 budget line item for Veteran's Benefits (0154352- 570770) is $156,000.00 Please be advised that the Fiscal Year 2017 Expenditures for Veterans' benefits to date equals $82,508.78 leaving an available balance of$73,491.22 for the remainder of Fiscal Year 2017. I would like to respectfully request additional funding for the Veterans' Benefits line item, in the amount of$44,000 to meet the Town's current obligations for the remainder of Fiscal Year 2017. During the past several months we have seen an increase in authorized medical documentation submittals to include prescriptions, co-pays, and pre approvals for dental care and eye care, all in accordance with M.G.L. c. 115, 108 CMR 10.05. These submittals have nearly doubled in the past year. Additionally, we have had an increase in the number of eligible Veterans who are now receiving Chapter 115 benefits. With the cost increase of Healthcare and the rising number of eligible Veterans applying for and receiving Chapter 115 benefits, our total monthly benefits have increased by an average of$3257.76. Please be advised that under Chapter 115, the Commonwealth of Massachusetts reimburses cities and towns, in the following fiscal year, 75% of the expenditures for Financial Assistance that is paid to Veterans and/or their families. We also receive 100% reimbursement for the flags used at our Veterans gravesites. Please contact me if you have any questions regarding this information and I thank you for your time and consideration with this matter.