Cash and Investments at September 30, 2018

Cash                                       $302,698 

Investments                           $9,292,229, comprised of

• $6.8 million – State of Washington Local Government Investment Pool

• $2.5 million – Snohomish County Investment Pool

Unrealized Gain or Loss on Investments     ($15,512)

At the end of each year, Snohomish County provides the District with an analysis of unrealized gain or loss for the County’s investment pool. As part of our year-end closing process, we recorded the unrealized loss of $15,512 for the pool as of December 31, 2017.   

Calendar Year Operations through August 31, 2018

The District remains on track with the 2018 budget. 

Revenues –  Actual revenues District-wide are 9.2% above projections at 84.2% with 75.0% of the year elapsed. 

Administration                             85.8% of budget     

Prevention                                   97.5% of budget

Environmental Health                 75.6% of budget

PHEPR                                       69.1% of budget

• The second installment of the semi-annual State County Public Health Assistance funds of $1,716,645 was received in July, which boosts revenue in the beginning of the second half of the year.

Expenditures – Actual expenditures District-wide are 2.4% below projections at 72.6% with 75.0% of the year elapsed.

Administration                             72.4% of budget     

Prevention                                   72.7% of budget

Environmental Health                 74.7% of budget

PHEPR                                       61.0% of budget

Fund Balance

SHD’s General Fund Balance is comprised of the following amounts as of September 30, 2018:

Nonspendable items are comprised of Vital Statistics Fees due to the State of Washington that are remitted quarterly.

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