| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 22-030)
May 10, 2022
Written Reports |
|
| | | | | | | | | Finance Manager's report for February 2022 (SR 22-030; S. Centanni) |
|
| | | | | | | | | Division: | | Administration / Sara Centanni, CPA, Finance Manager |
|
| | | | | | | | | Prior Board Review: | | Administration Committee, 4/27/2022 |
|
| | | | | | | | | Background | Cash and Investments at February 28, 2022
Cash $2,963,379
Investments $14,528,365
Comprised of:
- $12.0 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
Calendar Year Operations through February 28, 2022
Revenues – Actual revenues District-wide are 7.9% above projections at 24.6% with 16.7% of the year elapsed. Revenues are typically above projections in January due to Food and other annual EH permits being billed for the year in January.
Expenditures – Actual expenditures District-wide are 0.6% above projections at 17.3% with 16.7% of the year elapsed. This is generally in line with our expectations.
Fund Balance
The District’s General Fund Balance is comprised of the following amounts as of February 28, 2022.
|
Fund Balance
|
|
|
|
Non-Spendable
|
$0
|
|
Board-Approved Reserves:
|
|
|
Working Capital
|
5,255,666
|
|
Compensated Absences
|
2,238,000
|
|
Capital Improvements
|
70,000
|
|
Emergency
|
500,000
|
|
Rucker Building - Reserve from 2015 Water Damage
|
134,822
|
|
Estimated Programmatic Restricted Funds
|
0
|
|
|
|
|
Unreserved
|
14,274,084
|
|
Total Fund Balance
|
$22,472,572
|
|
|
| | | | | | | | | Board Authority | Consistent with Resolution 19-20 and the revised Division of Responsibilities (10/8/19), the Board of Health has authority over the Health District budget. |
|
|