Cash and Investments at December 31, 2021

Cash                                      $1,692,362          

Investments                        $11,426,792

Comprised of:

• $8.9 million – State of Washington Local Government Investment Pool
• $2.5 million – Snohomish County Investment Pool

Cash flow remains strong despite the increased costs of the COVID-19 response.

Calendar Year Operations through December 31, 2021

Surplus – The District is reporting a surplus of $7.8 million as of the report date.  Budget amendment 3 expected a surplus of $7.1 million.  Revenue and expenditures continue to change with the changing conditions of the pandemic response.

Revenues – Actual revenues District-wide are 1.6% above projections at 101.6% with 100.0% of the year elapsed.  This is in line with expectations.

Expenditures – Actual expenditures District-wide are 0.1% below projections at 99.9% with 100.0% of the year elapsed.  This is in line with expectations.

Fund Balance

The District’s General Fund Balance is comprised of the following amounts as of December 31, 2021. 

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.

MOVE TO approve Finance Manager’s report for December 2021.