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Oklahoma County budget board reviews monthly financials; reserves at $8.49 million, county pharmacy volumes rise

2739324 · March 22, 2025
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Summary

County finance staff reported a general fund reserve of $8,487,687 for February, year‑to‑date increases in charges for services, and rising county pharmacy prescription volume; the board formally received the report.

Chantelle, chief financial officer for Oklahoma County, told the Budget Board that the county's reserve balance was $8,487,687 as of February and walked members through the monthly PowerPoint showing budget variances and fund balances.

The report matters because reserves and year‑to‑date revenue trends affect the county's ability to meet obligations and budget rules. Chantelle said the general fund cash balance and a comparison to last fiscal year show an increase driven in part by charges for services.

Chantelle said, "On our first page of the PowerPoint, we'll see that the reserve balance as of the February is $8,487,687." She pointed board members to a breakout of the general fund reserve and to a year‑to‑date comparison showing increases in charges for services that contributed to a 36 percent month increase and a 42.8 percent year‑to‑date increase in the line shown.

A county benefits staff member, identified in the meeting as John, updated the board on the employee benefits fund and county health plan. John said medical claims through March 12 were down about 2 percent year‑to‑date, while prescription claims were up roughly 3 percent; combined, he said, the plan was roughly even compared with last fiscal year. "If we average what we're averaging now, we're gonna end the year with a cash balance," John said.

John also reported on the county pharmacy, which the county launched in February. He said pharmacy prescription volume was about $100,000 in February and had reached roughly $180,000 for March as of the most recent Friday, a near doubling of February volume.

On capital projects, Chantelle told the board that the amount of unallocated capital funds in the capital projects detail was $454,247. Board members asked follow‑up questions about the sources of increases and the figures used in comparisons; Chantelle offered to provide further detail after the meeting.

The board moved and seconded a motion to receive the monthly financial report. The motion passed on a voice vote: "All in favor? Aye."