| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 22-070) September 13, 2022 Written Reports |
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| | | | | | | | Finance Manager's report for May 2022 (SR 22-070; T. Kellogg) |
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| | | | | | | | Division: | Administration / Tracey Kellogg, CPA, Interim Finance Manager |
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| | | | | | | | Prior Board Review: | Administration Committee, 7/27/2022 |
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| | | | | | | | Background | Cash and Investments at May 31, 2022
Cash $ 1,487,018
Investments $16,742,675
Comprised of:
- $14.2 million - State of Washington Local Government Investment Pool
- $2.5 million - Snohomish County Investment Pool
Calendar Year Operations through May 31, 2022
Revenues – Actual revenues District-wide are 6.1% above projections at 47.8% with 41.7% 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.
Expenditures – Actual expenditures District-wide are 2.5% below projections at 39.2% with 41.7% 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 May 31, 2022.
Fund Balance
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Non-Spendable
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$2,083
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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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14,056,467
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Total Fund Balance
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$22,257,039
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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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