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Finance director presents year-end reports, investment holdings and audit schedule
Summary
The county finance director presented final period-13 revenue and expense reports for 2024, reported investment balances and interest earned, and said field work for the 2024 audit will begin April 25; the director also discussed claims versus premiums for health coverage and the county's loss ratio.
Stephenson County’s finance director reported that final period-13 revenue and expense reports for 2024 are uploaded and available, and that the office has begun preparing audit files ahead of final fieldwork scheduled to begin April 25.
On employee health benefits, the finance director said medical and pharmacy premiums paid from February 2024 through January 2025 totaled about $4,000,000 and claims paid about $4,400,000, producing a loss ratio of about 111 percent over that rolling 12-month period. The director said the county’s shift from zero-deductible plans to plans with deductibles is intended to reduce long-term cost…
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