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OAC reports $184.4 million net cash available; fiscal monitoring has identified about $72,000 in unallowed costs
Summary
The council's office reported $184,424,371 in net cash available in the opioid abatement trust fund, distributed county annual payments totaling tens of millions to date, and flagged roughly $72,000 in unallowed charges during fiscal monitoring visits.
The Opioid Abatement Council’s finance staff reported that the trust fund had a net cash available balance of $184,424,371 as of the statement the office presented in the meeting.
Mary Shelton and OAC finance staff said the office has disbursed the annual county payments required under the distribution formula: $31,400,000 in 2023, $31,000,000 in 2024, and $24,400,000 in the most recent period were distributed to counties, the staff said. The office also said SMART — the vendor that helps counties track spending — will present a county‑level update at the council’s next meeting.
Fiscal monitoring: the OAC’s fiscal-monitoring team completed 15 site visits to Cycle 1 grantees. The office said those reviews have identified approximately $72,000 in unallowed expenditures; the staff also reported one concern, two findings and several referrals that required further legal review. The office has referred at least one matter to the Attorney General’s office for legal follow-up.
Additional settlement funds: staff noted that the Tennessee Attorney General announced an additional Purdue/Sackler settlement payment of roughly $90 million that, if distributed to the trust fund as AG counsel expects, would be allocated to the trust fund when available.
Why it matters: the trust fund balance and the results of fiscal monitoring drive how much the OAC can award to community programs and the level of oversight required. The monitoring results also affect the council’s decisions about prepayment and corrective action for specific grantees.
Staff numbers: Sean Smith and David Lewis described the monitoring program's scope; Smith said the office has processed 792 invoices and paid slightly more than $25 million on Cycle 1 grants. Lewis said the monitoring surveys and post‑site feedback from grantees have been helpful in revising the monitoring tool for FY 2026.
Ending: the OAC office said it will publish the trust fund statement and the county payment schedule on the OAC website and will continue fiscal and program monitoring activities in the coming months.
