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Kootenai County reports healthy collections but flags $1.2M health-insurance deficit
Summary
County finance staff told commissioners first-quarter collections are above 50 percent, revenue-sharing and sales tax are slightly up year over year, investment gains posted, but fund 14 (health insurance) shows an approximate $1.2 million deficit driven by high medical claims and prepaid clinic payments.
Kyle Westerman presented Kootenai County’s unaudited first-quarter financial statement on Feb. 17, telling commissioners most elected-official budgets are under pace and countywide property tax collections stand at about 56 percent for the fiscal year.
Westerman said year-over-year revenue sharing and sales-tax receipts were modestly higher in Q1 and that the county posted gains and interest on investments, though interest trailed budget projections. He flagged fund 14 (the county health-insurance fund) at an approximate $1.2 million deficit for the quarter, attributing the shortfall to high medical claims and prepaid clinic payments.
"We do are currently sitting at a deficit of $1,200,000, which, as you guys are aware, is related to the ongoing expenses that are happening within the health insurance," Westerman said, noting the condition will persist until expenses fall below revenue.
Westerman also walked commissioners through budget-by-type pages showing 30 budgets over their expected pace for Q1, largely tied to capital items and seasonally expected maintenance. Commissioners asked no follow-up questions and thanked Westerman for the presentation.
