2021 Budget
COVID-19 activities and COLAs were not included in the approved 2021 budget as details were unknown at the time of the budget development.
During budget development, PHEPR programs were moved from Environmental Health to Prevention Services.
COVID-19 Report
Per discussion at the last meeting, the COVID-19 detail page will be provided quarterly in the current form. Non-quarter end reports will be system generated.
Cash and Investments at March 31, 2021
Cash $832,635
Investments $11,485,696
Comprised of:
- $9.0 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
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 $24,961 for the pool as of December 31, 2020.
Calendar Year Operations through March 31, 2021
Revenues – Actual revenues District-wide are 34.5% above projections at 59.5% with 25.0% of the year elapsed. This is typical for the first quarter of a year as Food and other annual EH permits are billed in January and the first half of the State Public Health funding of $1.7M is received. In addition, approximately $2.85M of unbudgeted COVID-19 billings are included in revenue.
Expenditures – Actual expenditures District-wide are 18.5% above projections at 43.5% with 25.0% of the year elapsed. Many dues and membership fees such as NAACHO are paid annually in January. Approximately $3.37M of unbudgeted Covid19 expenditures are included in expenditures, including significant costs for temporary services (in professional services), rents & leases and supplies. A number of COVID-19 programs cannot recover overhead via an applied indirect rate; however, actual overhead can be recovered by direct billing those costs, primarily labor. Those programs have had the overhead allocation removed. This can change as funding changes and is dependent on the funding source.
Fund Balance
SHD’s General Fund Balance is comprised of the following amounts as of March 31, 2021.
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Fund Balance
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Non-Spendable
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$65,858
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Board-Approved Reserves:
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Working Capital
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1,991,048
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Compensated Absences
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1,417,000
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Capital Improvements
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70,000
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Emergency
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500,000
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Rucker Building - Reserve from 2015 Water Damage
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134,822
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Estimated Programmatic Restricted Funds
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1,930,252
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Unreserved
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9,145,011
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Total Fund Balance
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$15,253,991
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Restricted Programmatic Funds carried over from 2020 are included in the financial statements.