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County finance update: rating call flags fund‑balance concerns; health plan changes saved about $300,000
Summary
County finance and human resources staff told commissioners a rating agency call flagged concerns about the county's fund balance, and staff presented a year of health‑plan changes that produced roughly $300,000 in savings after 27 employees migrated plans during open enrollment.
County financial and benefits staff updated Merrimack County commissioners on year‑to‑date finances, a recent rating‑agency call and the first full year of health‑insurance plan changes the county put in place for 2024 enrollments.
On the bond rating call: Aaron (county finance staff) said the county participated in a rating‑agency call in which analysts noted concern about the county’s fund balance but were not alarmist. "They're not reaching for the fire alarm, but it's a concern," Aaron said, and staff told commissioners they are pursuing a plan to work toward target fund‑balance levels. The transcript records staff estimates that general fund expenditures rose about 5.3% and that unassigned fund balance was roughly $11 million (with…
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