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Finance presenter: February financials show high health-claim month, year-to-date deficit
Summary
Division finance staff reported year-to-date receipts of $73,360,290.22, expenditures near expected levels, and a "very high claim month" of $1,865,048.76 that pushed the health-claims balance to a negative $2,695,751.60; board members asked about strategies including RFPs and premium adjustments.
The division's finance presenter reviewed the February month financials and year-to-date status: revenues collected versus original appropriation sat at 61.57%, expenditures versus appropriation at 63.91%, and total received year to date was $73,360,290.22. "In February, LCS experienced another very high claim month totaling $1,865,048.76,"…
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