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Naperville 203 finance chief warns of high health claims; district to liquidate investments for liquidity
Summary
The district's chief school business official reported recent unusually large health insurance claims—one bill in excess of $4 million—and said reimbursements from the reinsurer are delayed, creating liquidity pressure. Administration said it will liquidate some long‑term investments for immediate cash and brief the Board after consulting advisers.
Naperville Community Unit School District 203 officials told the Board on Jan. 20 that the district’s health insurance fund has experienced unusually large claims in recent months, producing near‑term liquidity pressure.
Chief School Business Official Mike Francis said the district received a bill “in excess of $4,000,000” and has not yet been…
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