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PROPOSED INTERGOVERNMENTAL AGREEMENT AMENDMENT
Department: Cook County Health and Hospitals System
Other Part(ies): Cook County Board of Commissioners and Illinois Department of Healthcare and Family Services
Request: Approval of Seventh Amendment to Interagency Agreement
Goods or Services: This amendment provides for adjustments to the County's quarterly transfer payments to the state pursuant to BIPA intergovernmental transfer agreement.
Agreement Number: 2014-36-001(Tracking Number)
Agreement Period: This agreement will become effective upon execution.
Fiscal Impact: $30,000,000.00
Accounts: 491-763
Summary: The Benefits and Improvement and Protection Act of 2000 (BIPA) was passed by Congress to counter the severe cutbacks in payments resulting from the Balanced Budget Act of 1997.
Pursuant to the intergovernmental transfer agreement, these funds are split between Cook County and the State of Illinois.
This amendment provides for adjustments to the quarterly transfer payments.
The purpose of the amendment to this intergovernmental agreement is to allow CCHHS to reduce the first quarter scheduled transfer back to the State General Revenue Fund (GRF) by the County by $30 million. The intention is to help mitigate the negative financial effects of the "backlog" of CountyCare applications at the Department of Human Services.
This amendment also reflects the increase of the third quarter scheduled transfer back to the State GRF of $30 million.
For Federal Fiscal Year (FFY) 2014 the first quarter payment will be reduced by $30 million from $56,200,000 to $26,200,000, the second quarter payment will remain at $93,750,000, and the third quarter payment will be increased by $30 million from $93,750,000 to $123,750,000.
For FFY 2015, and each annual rate period thereafter, the quarterly payments will return to $56,200,000 in the first quarter and $93,750,000 in the second and third quarters for a tota...
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