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Oklahoma County BET recommends $500,000 transfer to shore up employee benefits pharmacy cash flow
Summary
The Budget Evaluation Team voted to recommend the Budget Board transfer a total of $500,000 from general fund reserves to Employee Benefits — $300,000 from one-time funds and $200,000 from ongoing funds — to front-fund pharmacy purchases and provide a cushion through the fiscal year.
The Oklahoma County Budget Evaluation Team voted to recommend the Budget Board transfer $500,000 from general fund reserves to Employee Benefits on a 300/200 split, to help the county pharmacy buy prescriptions at the start of the new fiscal year and provide a short-term cushion.
John, a county staff member who presented the Employee Benefits report, told the panel the benefits fund was temporarily "out of cash in the fund" because of timing: reimbursements and prescription rebates lag payments. He said about $2,200,000 was expected to come in at a special Budget Board meeting on Thursday and that the county…
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