Item Coversheet
BOARD OF HEALTH STAFF REPORT (SR 22-057)
July 12, 2022
Written Reports

Finance Manager's report for April 2022 (SR 22-057; S. Centanni)

Division:
Administration / Sara Centanni, CPA, Finance Manager 
Prior Board Review:
Administration Committee, 6/22/22 

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

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

14,201,318

Total Fund Balance

$22,399,806

 

 

 

 

 

 

                
 
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.

 
Recommended Motion

MOVE TO approve Finance Manager’s report for April 2022.

 
ATTACHMENTS:
Description
April 2022 Financial Statements