Board reports deposit of roughly $1 million in opioid abatement funds; reimbursements nearing $1 million

County finance staff reported on balances, recent deposits and reimbursement activity, including an opioid abatement deposit received on April 3.

Alyssa, the county finance staff member, reported that for March the board reimbursed $6,971.93 and that year-to-date reimbursements total roughly $943,074.36 (figures read from the meeting). She said interest on restricted funds was $7,215.70 for the month and that combined balances put the board at a little over $1.4 million in one category. Alyssa said the county received an opioid abatement deposit “last Thursday on April 3” of $1,000,191.10 (reported in the meeting) and that another $27,240.56 was expected to arrive soon and would appear in the unrestricted balance.

Alyssa said the county’s balance left to allocate was a little over $1 million at the moment and that, with the incoming deposits, restricted funds would be over $2 million next month while unrestricted funds were approaching $1.5 million. She clarified that some approved awards have not yet requested reimbursement: the board had approved roughly $1.5 million in awards for the fiscal year but had only reimbursed nearly $1 million so far because grantee reimbursement requests arrive as grantees close out expenses.

Board members asked about recurring charges and specific grantees. Alyssa noted that some organizations with approved awards, for example Volunteer Behavioral Health and the Child Advocacy Center, have approved amounts but had not yet submitted reimbursement requests. The finance staff said those organizations are entitled to the approved funds once they submit reimbursement requests.

The finance report was informational; board members did not take a separate vote on these accounting items.