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Board approves financial report; members ask why workers' comp shows 100%
Summary
Board heard a financial report showing the budget about 7.1% under projection and approved the report. A board member asked why workers' compensation shows over-budget; staff explained it reflects premium timing and revised budgeted amounts match actuals.
The board discussed the financial report for the period (packet page 6) and Director Dr. West Milam said the operation is "way on track" and is 7.1% under projected balance; he also said the state's 0.25 reimbursement was recently deposited but not yet reflected in the report.
A board member asked, "What was the workers' comp? Why is it over budget?" (Committee member, S4). Staff and the director explained that the workers' compensation line reflects premium payments tied to salaries and that the revised budget matches the actuals, so they did not expect additional expenses beyond those recorded. The board moved to approve the financial report (motion by Hearn, second by Clark) and approved it by voice vote.
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