Boone County’s treasurer and finance staff briefed commissioners on the county’s February finances on Thursday, reporting cash balances down nearly $1 million versus the prior reporting period, ongoing reconciliation work following a finance‑system migration, and continuing audit fieldwork.

“Kurt,” the county treasurer, told the board that February is typically quiet but that the county spent more than it took in last month and that investment pool balances were “down nearly a million dollars.” He said interest‑rate volatility has affected short‑term yields but that the county bought a $1 million Treasury yielding about 4.2 percent in the prior weeks.

Kurt and staff described work to reconcile payroll and general‑ledger differences after migrating account data into the county’s Tyler financial system. Staff said duplicate entries and import errors produced negative balances in some payroll accounts; those errors have been identified and reversed and staff are cleaning remaining items one‑by‑one.

The county’s auditors were in final field work, the treasurer said, with several unresolved questions staff are addressing. Becky (finance staff) told commissioners that ARPA expenditures currently in active contracts are limited to McKinley renovation and courthouse work; the county has made the first payment for McKinley and expects additional invoices for other ARPA‑eligible work.

Commissioners asked several technical questions. Commissioner Dave Wiltsie asked whether large deposits are collateralized above FDIC limits; staff confirmed banks provide collateral reports and the office monitors those monthly. Commissioners also asked about rising legal and alternate public‑defender costs; Becky said she and other staff intend to meet with the judge and state’s attorney to discuss control measures after a significant bill posted in the prior month.

Health‑insurance costs were flagged as a near‑term worry: Becky said health insurance is the largest volatile expenditure and that county staff are exploring plan design changes, potential HSAs/HRAs, and alternative approaches with brokers and the IPPC. She said those conversations will continue in meetings next week with other counties and plan administrators.

Ending: Commissioners were generally assured that staff are reconciling ledger issues, monitoring bank collateral, and pursuing ways to control health benefits costs, while audits continue and ARPA project invoices are processed.