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R 2 71990 MA BOOR. construction of a water main in the intersection of 8th Street and 43rd Avenue (see paragraph 3 of the June 6, 1989 agreement). Retain the balance of $14,843.75 in escrow for the warranty of the utility improvements within the subdivision. The on-site utilities were tested and accepted by the County on October 1, 1989, so this amount should be retained in escrow for one year or until October 1, 1990. ON MOTION by Commissioner Scurlock, SECONDED by Com- missioner Bird, the Board unanimously authorized a reduction in security for Woodbridge Estates Subdivision to $14,843.75; authorized release of the balance of escrowed funds to Woodbridge Development Company; and retained the balance of $14,843.75 in escrow for the warranty of the utility improvements within the subdi- vision until October 1, 1990, as recommended by staff. K. Budget Amendment #040 - Reclassifying Risk Management The Board reviewed memo from the OMB Director: TO: Members of the Board of County Commissioners DATE: March 21, 1990 SUBJECT: BUDGET AMENDMENT 040 - RECLASSIFYING RISK MANAGEMENT CONSENT AGENDA FROM: Joseph A. Baird OMB Director DESCRIPTION AND CONDITIONS At the beginning of the fiscal year, the Risk Management function was set up with the operating expenses in the General Fund and the self insurance claim expenses in the Self Insurance Trust Fund. The auditors, Coopers & Lybrand, feel that the Risk Management function would be better represented if all the Risk Management operating expenses and the self-insurance claims were in the same fund. In the attached budget amendment, we are moving all Risk Management operating expenses to the Self Insurance Trust Fund (502) establishing a true internal service fund. RECOMMENDATION Staff recommends the Board of County Commissioners approve the attached budget amendment. 16