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LaSalle County trust committee accepts audit, approves finance process and routine reports
Summary
The committee accepted the annual audit, placed it on file, and approved a finalized finance process that specifies mailed checks (no ACH) for vendor payments; the committee also received monthly variance and loss‑control reports and voted to enter executive session to discuss litigation.
The LaSalle County Insurance Trust committee voted to accept the annual audit and place it on file, approved a finalized finance process for vendor payments, received monthly financial and loss‑control reports, and later moved into executive session to discuss pending litigation.
Chair opened the meeting by asking if there were any questions about the audit. Tanya, who joined remotely to answer audit questions, explained several items upon request: she said the line labeled “restitution” refers to money the county has received back for a claim, and that “miscellaneous income” represents receipts not categorized elsewhere and would not be itemized in the audit workpapers. On the investment policy language, Tanya said updated policy language had been prepared and that any changes would take effect for the next audit period because the current audit covers the period ending Nov. 30 and does not reflect the newly adopted policy.
The committee moved and approved a motion to accept and place the audit on file. After that vote, the committee reviewed a finalized finance process document; members clarified that vendor disbursements covered by the process will be made by mailed checks, not by ACH transfers. The committee voted to approve the finance process.
Finance staff reported a month‑over‑month decrease of $85,900; claim reserves were mostly steady with work‑comp reserves up $1,916 and property/casualty reserves up $5,719. Laura, in loss control services, reported no new worker‑comp incidents and reviewed training and ergonomic improvements; she noted the next safety committee meeting is scheduled for July 8 and an employee luncheon for Sept. 16.
Before adjourning to executive session under 5 ILCS 120/2(c) to discuss pending or probable litigation, the committee placed the reports on file and approved routine motions by roll call.
