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Committee hears October cash-flow shortfall for self-insurance fund
Summary
October financials showed paid claims of $1,171,815 and administrative expenses of $99,400; estimated cash flow was negative $451,014 for October, the committee was told.
The Health Advisory Committee reviewed the self-insurance fund's projected financials and was told October produced a negative estimated cash flow of $451,014.
Lloyd Barnes presented the figures: paid claims for October were $1,171,815 and administrative expenses were $99,400. Year-to-date (fiscal year 2024–25) total claims were $2,827,473 and operating revenues $3,999,288.
Committee discussion focused on monitoring reserves and the implications of recurring negative monthly cash flow; members requested continued financial updates but took no immediate policy action at the meeting.
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