Committee approves transfer from opioid-settlement funds to replenish self-insurance reserve

A staff presenter brought forward a resolution to replenish Ontario County’s self-insurance fund to the mid-level (expected losses) recommended by the county’s insurance provider. The presenter said the funds would be transferred from unrestricted opioid-settlement monies that had formerly been restricted at the board's direction; the transfer was described as a one-time replenishment to reach the insurance provider’s recommended funding range.

Committee members discussed the recommendation and the origin of the funds; the chair called the question and the committee approved the resolution by voice vote. Staff said the transfer will move monies from the county’s available opioid-settlement pool into the self-insurance fund and that the action reflects prior board-level decisions about the settlement money's classification.