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Treasurer reports stronger sales-tax receipts, nursing home finances roughly break even
Summary
County Treasurer Becky McNeil told the Finance Committee that November sales-tax receipts were higher than a year earlier, property tax collections reached 99.72% of the levy and nursing home revenues slightly exceeded expenses through October.
Becky McNeil, McLean County Treasurer, told the Finance Committee on Dec. 3 that the county’s November Retailer Occupation Tax receipts were higher than a year earlier and that year-to-date voucher receipts totaled $15,380,734, about $305,000 ahead of last year. She reported a budget target of $16.9 million for the Retailer Occupation Tax with roughly $1.6 million left to collect (about 90.5% of the budgeted total).
McNeil said shared sales-tax receipts from the Town of Normal and the City of Bloomington were higher than last November and reported fund equity of $21,277,000. On property taxes, she said the county received 99.72% of its levy for tax year 2024 (payable 2025), while noting adjustments may occur due to late exemptions and Property Tax Appeal Board decisions from the State of Illinois.
On county investments, McNeil reported Illinois Funds yielded about 4.11% in November and that treasuries and CDs quoted during the month were lower (one renewed at 3.65%). She also summarized the county’s nursing home finances through October: October revenue about $823,173; month-to-date revenue $825,761; expenses $720,109; accumulated revenue through October $8,581,639 and expenses $8,525,995, leaving revenue slightly ahead of expenses. Receivables were $4,702,000 at October after auditor adjustments and a reserve of $2,950,000 remained in case additional receivable amounts are found noncollectible.
McNeil also reviewed the county’s self-insurance plan (Blue Cross Blue Shield), saying plan payouts in 2025 totaled $8,005,006.91, an increase of about $1,262,000 over 2024. Committee members asked for additional fund-level reporting for next month; McNeil said she will provide a more detailed report on the employee benefit fund at the next meeting.
The committee voted to accept and place the Treasurer's monthly financial reports on file by voice vote. The transcript records the acceptance but does not provide a roll-call tally.
