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Pulaski County board hears budget update, insurance spike and Northwood contract news

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Summary

Finance staff reported budget status through January and warned of an approximate 24% insurance increase and a 50% reinsurance increase; the district is exploring joining a Jefferson Health Plan consortium, competitive bids and other options. Administrators also reported receiving the Northwood contract and that coordination with AEP was underway.

Morgan Sklar gave the board a budget update through January and a briefing on rising insurance costs and capital needs.

Sklar said the district’s available balance through January compares favorably with last year but that insurance costs were increasing. "We're looking at a potential right now, it was 24% increase, to our insurance," she said, and added that "our reinsurance was…

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