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McLean County treasurer reports stronger tax receipts but nursing home & self-insurance pressures remain
Summary
County Treasurer McNeil told the committee that October receipts were up year over year and investments have produced meaningful interest income, but the county nursing home is operating with negative cash and self-insurance claims and stop-loss fees have increased; members questioned distribution changes and reporting details.
County Treasurer Ms. McNeil presented the county's monthly financial report and called attention to year-to-date tax receipts and investment returns. She reported October property-tax and sales-tax receipts were higher than the prior year (monthly receipts roughly $1.7 million versus $1.5 million), year-to-date property tax recognized at about $47.9 million (97% of the levy), and fund equity in the general fund of roughly $20.9 million. She noted interest income recognized through September of approximately $3.15…
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