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Treasurer: county revenues near budget and investments remain substantial
Summary
County Treasurer Becky McNeil reported December receipts and year-to-date totals, noted investment holdings of roughly $128.56 million and interest income of about $3.87 million (through November), and described accrual adjustments and self-insurance stop-loss experience for employee health claims.
County Treasurer Becky McNeil told the Finance Committee that the county’s revenue picture is close to budget after accrual adjustments. She reported December revenue of $1,498,605, year-to-date receipts of about $16,879,000 and property-tax collections at roughly 99.72% of the levy. Shared sales tax receipts from Normal and Bloomington were reported as $508,000 for the month and $5,802,000 for the year, with fund equity in that fund of $21,586,000.
McNeil described county investments of about $128,560,000 and interest income of about $3,869,000 through November, but warned interest income will likely be lower in 2026 as federal rates moderate. She flagged that some nursing-home accruals and stop-loss adjustments remain pending; for example, stop-loss adjustments for the fiscal year totaled $307,646, well below some prior years. The treasurer said the employee benefit fund balance is approximately $17,130,000 and reminded the committee that the county is self-insured for health claims.
Committee accepted the report and placed it on file; no additional action was requested.
