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Treasurer reports roughly $3.06M in 2025 investment revenue (excluding ARP); county fund balances, health-care costs discussed
Summary
The treasurer's report at the Jan. 20, 2026 Delaware County Board of Finance meeting detailed roughly $3.19 million in investment revenue including ARP (about $3.06 million excluding ARP), year-end balances, ARP and grant timing, and raised concerns about rising per-employee health-care costs.
At the Delaware County Board of Finance meeting on Jan. 20, 2026, the treasurer's presenter reviewed the county's 2025 investment performance and year-end fund balances.
The presenter said total investment revenue for 2025, including ARP funds, was about $3,188,000 and that excluding ARP the investment revenue was roughly $3,060,000. The presenter described one primary investment through Star Financial Bank, noting the account began the year at about $8,865,600 and ended the year at roughly $9,003,683. The presenter also said the county shifted some funds into United Fidelity (Evansville) accounts that yielded higher rates (one quoted at about 4.71%).
Board members asked detailed questions about specific funds. Speaker 2 said the county general fund ended the year with about $11,225,608 versus a $6,000,000 target used in budget hearings and pressed whether unused departmental appropriations had reverted to that balance; the presenter said encumbrances had not yet been removed as of Dec. 31. Speaker 2 noted the rainy-day fund (1186) had about $615,284.81 and highlighted a tax sale surplus (fund 1205) of $5,443,137.53.
Health-care costs drew particular attention. Speaker 2 said fund 4701 paid $7,666,968.85 on behalf of 419 covered employees (about $18,300 per employee) and that adding clinic ($500,000) and prescription ($130,000) costs brought the implied per-employee cost to roughly $19,804, which Speaker 2 called "ridiculous." The transcript records the comment but no further policy action was taken at the meeting.
Speaker 2 also raised a negative balance in account 9321 tied to a drug-court grant that had overspent by about $8,635.22; the presenter explained grants may show negative balances when grant fiscal years differ (July–June) and reimbursements are pending. Questions about ARP funds (funds 8950 and 8951) and their accumulated interest were deferred to the auditor's office for confirmation.
Speaker 2 closed with a legislative note: Senate Bill 289 had been heard by the Senate Insurance and Financial Institutions Committee and could, if enacted, allow local governments to use banks in other counties and potentially increase investment yields.
The board asked the presenter to follow up with the auditor's office to confirm ARP totals and left other figures as reported for later verification.
