| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 22-057) July 12, 2022 Written Reports |
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| | | | | | | | Finance Manager's report for April 2022 (SR 22-057; S. Centanni) |
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| | | | | | | | Division: | Administration / Sara Centanni, CPA, Finance Manager |
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| | | | | | | | Prior Board Review: | Administration Committee, 6/22/22 |
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| | | | | | | | Background | Cash and Investments at April 30, 2022
Cash $1,306,339
Investments $15,034,850
Comprised of:
- $12.5 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
Calendar Year Operations through April 30, 2022
Revenues – Actual revenues District-wide are 8.6% above projections at 41.9% with 33.3% of the year elapsed. Revenues are typically above projections earlier in the year due to Food and other annual EH permits being billed for the year in January. We also received $1.75M for Foundational Public Health Services.
Expenditures – Actual expenditures District-wide are 0.4% below projections at 32.9% with 33.3% 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 April 30, 2022.
Fund Balance
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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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5,255,666
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Compensated Absences
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2,238,000
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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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14,201,318
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Total Fund Balance
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$22,399,806
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| | | | | | | | 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. |
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| | | | | | | | Recommended Motion | MOVE TO approve Finance Manager’s report for April 2022. |
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