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Board questions insurance and interfund transfers as it approves $29.1 million in warrants
Summary
Board members raised questions about insurance claim expenses and interfund transfers during review of monthly reports; the board approved warrants totaling $29,139,016.23 and several consent items, and directed staff to provide additional detail on funds and claim trends.
Board members pressed district staff Monday for more detail on several funds during the monthly reports portion of the meeting, focusing on a $253,000 line-item that initially was described as a working cash decrease and on large outflows from the district’s tort and health insurance funds.
Board member Melissa Kelly Black asked whether the working cash fund had decreased by $253,000; staff said the amount in question appears to relate to the Illinois Municipal Retirement Fund (IMRF) account and agreed to provide…
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