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County staff suggests setting unexpected interest income into a risk‑management fund
Summary
Finance staff told commissioners Pratt County received more interest income than forecast and recommended transferring a portion into a statutory risk‑management fund to build a buffer for insurance and disaster costs rather than expanding recurring spending.
County finance staff at the budget workshop said Pratt County’s cash‑management returns produced roughly $300,000 more in interest than the budget conservatively estimated. Commissioners discussed options for using the extra receipts and one staff member urged building a statutory risk‑management fund to stabilize future budgetary shocks such as insurance spikes or disaster expenses.
"Maybe just sticking some of that back as a transfer into the risk management fund," the staff member said, arguing the reserve would show fiscal prudence and provide a cushion against sudden outlays. Commissioners asked staff to model how a $200,000–$300,000 transfer would affect the 2027 cash position and whether the county should formalize that fund in the budget documents or address it later as a November year‑end transfer. The staff commitment was to return with options and legal references for implementing a reserve.
