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County finance update shows reserves and cash balance figures as staff provided monthly report
Summary
County finance staff presented the monthly financial report with reserve and cash-balance figures and an overview of capital projects; presenters asked commissioners for questions and noted ongoing issues with benefit wire transfers.
Oklahoma County finance staff presented the board with the monthly financial report at the Feb. 19 meeting, detailing reserve balances, year‑to‑date comparisons and capital-project unallocated funds.
According to the presentation, the general fund reserve balance after the September supplement was described as "$80,000,067,114" as shown on the handout presented to commissioners; staff then reviewed general fund budget analysis and year‑to‑date comparisons between the current fiscal year and the prior fiscal year. The presenter reported an ending cash balance for January described in the meeting as "$61,000,005.77" and discussed employee benefits and medical/Rx claims in the year‑to‑date reports.
Presenters acknowledged an ongoing operational issue with benefit deposits and employee loan payments not reaching accounts on the usual schedule. Staff said they have been working with BOK and the treasurer’s office and that Munis (the county’s financial system) had an issue last week; they said the offices were continuing to troubleshoot the timing and wiring problems.
Capital project unallocated funds were described in the presentation; staff asked commissioners if there were questions and provided to-the-seat handouts and a PowerPoint view. Commissioners did not ask for further detailed action at the meeting; the board received the report by motion.
