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Peoria County committee OKs $146,650 transfer from reserves to cover health insurance shortfalls
Summary
The Peoria County affairs committee approved a resolution to draw $146,650 from reserves to cover FY2025 health insurance shortfalls after a yearlong shift from self-insurance to IPBC; the transfer was approved unanimously and includes funds from the general fund, the sheriff's inmate benefit fund and the law library fund.
Peoria County’s affairs committee voted unanimously to draw $146,650 from county reserves to cover departmental shortfalls in FY2025 health insurance accounts after the county shifted from a self-insurance arrangement to plans administered by IPBC.
A staff presenter said, “This resolution is requesting to draw on a $146,650 from reserves,” explaining the request reflects departments where employees enrolled in the new plans after…
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