Commissioners Court - Regular Session

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18.

Meeting Date:	06/07/2011
Submitted For:	Cynthia Long	Submitted By:	Grimes Kathy, Commissioner Pct. #2
Department:	Commissioner Pct. #2

Information

Agenda Item

Discuss and take appropriate action on Tobacco Account budget.

Background

The Tobacco Settlement Permanent Trust Account Investment Advisory Committee approved $51 million for the year 2011 tobacco settlement distribution, or a 10% increase over the previous year's amount. Under the terms of the settlement in 1998, the tobacco companies agreed to create a $2.275 billion fund for the benefit of "all hospital districts, other local political subdivisions owning and maintaining public hospitals, and counties of the State of Texas responsible for providing indigent care to the general public." DSHS certifies the reports of qualified entities submitting claims for unreimbursed health care expenditures, with Williamson County's totaling $20,675,116 for 2010. Beginning March 24, 2011 revised rules regarding fund distributions recommended by the Tobacco Settlement Permanent Trust Account Investment Advisory Committee took effect in the Texas Administrative Code, 34 TAC. These recommendations were made to safe-guard the trust during tough economic times that have been recently experienced.

Williamson County received $389,097 in April as its portion of the 2011 Tobacco Settlement Distribution. This is $16,251 less than (or approximately a 4% decrease) from the April 2010 settlement amount of $405,348.

Fiscal Impact

From/To	Acct No.	Description	Amount

Attachments
2011 2012 Revenue Projections
2010 2011 Budget

Form Review

Inbox	Reviewed By	Date
County Judge Exec Asst.	Wendy Coco	06/02/2011 01:40 PM
Form Started By: Pierce Kathy		Started On: 06/02/2011 09:26 AM
Final Approval Date: 06/02/2011