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Independent forensic review finds multi-year losses in county health insurance fund, flags unauthorized transfers
Summary
A forensic accounting firm told the Nueces County Commissioners Court that the county's self-insured health plan ran a near $10.1 million shortfall over fiscal years 2020'2024 and identified $3.75 million in loans or transfers that were not brought to court.
Ben Kincaid, a partner with forensic accounting firm Carr, Riggs & Ingram, told the Nueces County Commissioners Court on Tuesday that preliminary work shows the county's health insurance fund ran deficits over a five-year review and that some transfers into the fund were not presented to the court.
Kincaid said the review covered fiscal years 2020 through 2024. "For both, the health insurance fund as well as the overall county, we are looking at from fiscal year 2020 through fiscal year 2024," he said.
The firm presented high-level findings and said draft written reports will follow. "We now, anticipate on providing the draft reports to the county the first full week in August of this year," Kincaid said, adding the drafts will include management responses and detailed recommendations.
Why it matters: Commissioners said the findings raise questions about past financial oversight, budget forecasting and county accounting practices. The court directed the firm to finish reports and return with recommendations and…
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