| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 22-090)
October 11, 2022
Written Reports |
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| | | | | | | | | Finance Manager's report for July 2022 (SR 22-090; T. Bengtson) |
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| | | | | | | | | Division: | | Administration / Theresa Bengtson, Finance Manager |
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| | | | | | | | | Prior Board Review: | | Administration Committee, 9/28/22 |
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| | | | | | | | | Background | Cash and Investments at July 31, 2022
The increase in cash and investments between June and July 2022 in part is due to the receipt of the semi-annual payment from the State of approximately $1.7M.
Cash $ 3,805,123
Investments $18,775,018
Comprised of:
- $16.3 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
Calendar Year Operations through July 31, 2022
Revenues – Actual revenues District-wide are 12.3% above projections at 70.6% with 58.3% 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.
Expenditures – Actual expenditures District-wide are 0.5% below projections at 57.8% with 58.3% 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 July 31, 2022.
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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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4,675,992
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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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15,850,482
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Total Fund Balance
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$23,471,379
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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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