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Board hears hospital litigation escrow and actuarial recommendation; approves actuarial invoice
Summary
County finance staff reported an escrow account related to hospital litigation that actuarial analysis recommends holding $2,086,000; the account currently holds about $2,814,000. The board approved paying an actuarial invoice for $2,400 and discussed options for managing the apparent surplus.
County account staff reported on a tort-claims escrow tied to hospital litigation. An actuarial review recommended the county carry $2,086,000 as a reserve in that account; staff said the account balance is about $2,814,000.
"They're saying that we need to have $2,086,000 in that account. We currently have $2,814,000 in…
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