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Committee agrees to move $705,000 into IL Funds, asks Treasurer to review Hillcrest investment policy
Summary
The committee decided to roll $705,000 from a low‑interest account into IL Funds and requested BOM Umstattd and Treasurer Vincent to review and revise a Hillcrest investment policy to mirror county practice.
Henry County's Health and Social Services Committee on May 13 reached consensus to move $705,000 currently held in a low‑interest account into IL Funds to earn higher returns.
During discussion the committee raised the possibility of the county Treasurer taking over Hillcrest investments to mirror county investment practices. The committee asked BOM Umstattd and Treasurer Vincent to review and propose a revised Hillcrest investment policy for future consideration.
The action was described as a near‑term operational move to improve interest earnings on the facility's fund balance; committee minutes record the $705,000 figure specifically.
