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Peoria County committee inactivates automatic transfer of surplus to long-term care fund
Summary
Peoria County committee voted unanimously to inactivate a policy that had automatically assigned 50% of general fund surpluses to the long-term care services fund, restoring discretion to the board on how to allocate year-end surpluses.
Peoria County committee members voted unanimously to inactivate a December 2023 policy that had required transferring 50% of any general fund surplus to the long-term care services fund.
The action restores discretion to the board over how year‑end general fund surpluses are allocated, allowing the board to decide case-by-case whether to put money into reserves, capital projects or the long-term care fund.
County staff described the policy inactivated as originally intended to accelerate payoff of the…
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