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Committee reviews long-term care fund balance, accounts payable and capital projects progress
Summary
County staff reported on the long-term care services fund and capital projects, noting a reported balance of $11,075,000 in the long-term care fund, $5 million in accounts payable paid in December and a final River City pay that was about $100,000 below the guaranteed maximum price; staff said outstanding health building invoices remain and a fuller report will follow.
County staff briefed the Finance, Audit and Legislative Affairs Committee on the long-term care services fund, recent accounts payable activity and progress on Peoria County capital projects.
On the long-term care services fund, Speaker 3 reported figures for November and said the county remains on track to retire related bonds when callable in 2032. The transcript contains an unclear interim figure; Speaker 3 then clarified, "It's 11,075,000,…
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