Program Name Changes
The titles for programs 22510 and 22512 have been updated to more accurately reflect current program functions. Program 22510 is now called “State Disease Control and Prevention” and program 22512 is now called “ADAP Rebate.”
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. A 2021 budget amendment was approved in July and will be reported beginning with July 2021 Financial Statements.
Cash and Investments at June 30, 2021
Cash $1,526,061
Investments $11,137,439
Comprised of:
- $8.6 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
Cash flow continues to be strong despite the increased costs of the COVID-19 response.
Calendar Year Operations through June 30, 2021
Revenues – Actual revenues District-wide are 52.8% above projections at 102.8% with 50.0% of the year elapsed. This is typical for the first part 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 $5.3M of unbudgeted COVID-19 billings are included in revenue.
Billing to recover approximately $1.5M of FEMA-funded costs has not been completed as of the report date as contracts between the District and Snohomish County Department of Emergency Management (DEM) have not been fully executed. That revenue will be recorded when the contracts are executed and billing is completed. This is the primary reason that COVID-19 revenue lags COVID-19 expenditures.
Expenditures – Actual expenditures District-wide are 35.3% above projections at 85.3% with 50.0% of the year elapsed. Many dues and membership fees such as NACCHO & software licenses are paid annually in January. Additionally, the prepaid cost of general insurance at December 31, 2020 for January to August 2021 was reversed and recorded as expenditures.
Approximately $5.8M of unbudgeted COVID-19 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. This can change as funding changes and is dependent on the funding source.
Fund Balance
The District’s General Fund Balance is comprised of the following amounts as of June 30, 2021.
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Fund Balance
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|
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Non-Spendable
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$0
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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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0
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Unreserved
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10,474,798
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Total Fund Balance
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$14,587,668
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