BET Regular Meeting 11/05/2026 Reconvene 11/12/2026

The Oklahoma County BET regular meeting, dated November 5, 2026, and identified as reconvened November 12, focused on FY 2026–27 employee-benefit funding, reserve levels, and possible employee compensation adjustments. After discussion of a reported $2.6 million year-to-date increase in claims and prior-year accounting and appropriation issues, the committee voted to recommend that the Budget Board increase employer premiums by 7%, retroactive to July 1. The recommendation includes a $1,185,334.08 transfer from the general fund reserve for the general-fund portion; approximately $296,333.52 was expected from special-revenue funds. The committee also recommended a $1,460,223.08 reserve transfer to address prior-year double appropriations and related issues, and voted to reduce the employee-benefits watch-list amount from $3 million to $1.6 million.

Members discussed a potential employee stipend or cost-of-living adjustment of up to 4%, including options for different percentages and effective dates, but took no final action on that item. They planned a follow-up discussion to prepare options for the Budget Board. The meeting also addressed tracking approximately $3.59 million in one-time funds and the remaining reserve balance. No procurement, contract award, or vendor-selection activity was identified.