Financial Statement Notes
The report format has been adjusted to reflect the reorganization that occurred in the 2020 budget development.
Administrative Services : Assessment, healthy communities, opioid, tobacco, vaping, and marijuana programs moved to Prevention Services. Vital Records moved to Environmental Health.
Prevention Services: The childcare outreach program was moved from Environmental Health.
Environmental Health: The PHEPR fund was discontinued and PHEPR programs moved to Environmental Health.
Cash and Investments at January 31, 2020
Cash $2,266,698
Investments $9,037,593
Comprised of:
Unrealized Gain or Loss on Investments
At the end of each year, Snohomish County provides the District with an analysis of unrealized gain or loss for the County’s investment pool. The inception to date unrealized gain is $8,457 for the pool as of December 31, 2019.
Calendar Year Operations through January 31, 2020
Revenues – Actual revenues District-wide are 20.4% above projections at 28.7% with 8.3% of the year elapsed. This is typical of this time of year, as we receive 50% of the annual budgeted state Public Health Funding in January as well as the billing of the annual food establish permits in the same month.
Administration
|
41.17% of budget
|
Prevention
|
8.31% of budget
|
Environmental Health
|
34.28% of budget
|
|
|
Expenditures – Actual expenditures District-wide are 1.1% above projections at 9.4% with 8.3% of the year elapsed. We can see some of the effect of diverting Administration staff to the Covid19 response in the percentages below.
Administration
|
7.95% of budget
|
Prevention
|
9.01% of budget
|
Environmental Health
|
10.93% of budget
|
|
|
Fund Balance
SHD’s General Fund Balance is comprised of the following amounts as of January 31, 2020:
Fund Balance
|
|
|
Non-Spendable
|
$61,837
|
Board-Approved Reserves:
|
|
|
Working Capital
|
2,094,251
|
|
Compensated Absences
|
1,700,000
|
|
Capital Improvements
|
70,000
|
|
Emergency
|
500,000
|
|
Rucker Building - Reserve from 2015 Water Damage
|
134,822
|
Unreserved
|
7,237,853
|
Total Fund Balance
|
$11,798,763
|
Non-spendable items are comprised of Vital Statistics Fees due to the State of Washington that are remitted quarterly and some payroll-related accruals.