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Board adopts policy formalizing $27M–$34M behavioral health reserve and use guidelines
Summary
The board approved a reserve fund policy for Fund 270 (Oregon Health Plan behavioral health reserves) formalizing a target reserve (90 days / 25% of operating budget), permitted uses and treatment of interest; staff reported a current balance of about $29 million projected to reach $34 million this fiscal year.
Deschutes County commissioners approved a proposed reserve fund policy for Fund 270, the Oregon Health Plan behavioral health reserves, adopting formal guidelines on target balances, permissible uses and treatment of interest earned.
Policy highlights: County staff said the policy formalizes an operating reserve target of at least 90 days (about 25% of operating budget) and clarifies that Fund 270 and Fund 274 appropriations are considered together for contingency purposes. The policy states reserve funds are intended for one-time expenditures, unforeseen revenue shortfalls, capital improvements and…
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