| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 22-119)
December 13, 2022
Written Reports |
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| | | | | | | | | Finance Manager's Report for September 2022 (SR 22-119; T. Bengtson) |
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| | | | | | | | | Division: | | Administration / Theresa Bengtson, Finance Manager |
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| | | | | | | | | Prior Board Review: | | Administration Committee, 12/7/22 |
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| | | | | | | | | Background | Cash and Investments at September 30, 2022
Cash $ 2,086,342
Investments $22,751,300
Comprised of:
- $20.3 million - State of Washington Local Government Investment Pool
- $2.5 million - Snohomish County Investment Pool
Calendar Year Operations through September 30, 2022
Revenues – Actual revenues District-wide are 12.9% above projections at 87.9% with 75.0% of the year elapsed.
Expenditures – Actual expenditures District-wide are 4.1% below projections at 70.9% with 75.0% 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 September 30, 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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17,097,417
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Total Fund Balance
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$24,718,314
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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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