| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 19-071)
July 9, 2019
Briefings |
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| | | | | | | | | Finance Manager’s report for April 2019 (SR 19-071; T. Kellogg) |
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| | | | | | | | | Division: | | Administration / Tracey Kellogg, CPA, Finance Manager |
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| | | | | | | | | Prior Board Review: | | Administration Committee, 6/26/19 |
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| | | | | | | | | Background |
Cash and Investments at April 30, 2019
Cash $396,409
Investments $9,204,258
Comprised of:
- $5.7 million – State of Washington Local Government Investment Pool
- $2.5 million – Snohomish County Investment Pool
Unrealized Gain or Loss on Investments ($16,524)
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. The inception to date unrealized loss is $16,524 for the pool as of December 31, 2018.
Calendar Year Operations through April 30, 2019
Revenues – Actual revenues District-wide are 11.8% above projections at 45.1% with 33.3% of the year elapsed. This is typical of this time of year, as we receive 50% of the annual budgeted State Public Health Funding in January as well as the billing of the annual food establish permits in the same month.
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Administration
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49.97% of budget
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Prevention
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36.35% of budget
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Environmental Health
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49.07% of budget
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PHEPR
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31.03% of budget
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Expenditures – Actual expenditures District-wide are 1.8% above projections at 35.1% with 33.3% of the year elapsed.
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Administration
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35.86% of budget
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Prevention
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34.39% of budget
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Environmental Health
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35.12% of budget
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PHEPR
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33.57% of budget
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Fund Balance
SHD’s Fund Balance is comprised of the following amounts as of April 30, 2019:
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Fund Balance
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Non-Spendable
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$62,706
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Board-Approved Reserves:
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Working Capital
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2,042,043
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Compensated Absences
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2,000,000
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Capital Improvements
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500,000
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Emergency
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500,000
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Kresge Grant
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111,537
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North Sound ACH
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138,500
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Rucker Building - Reserve from 2015 Water Damage
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134,822
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Unreserved
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4,856,721
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Total Fund Balance
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$10,346,329
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Non-spendable items are comprised of Vital Statistics Fees due to the State of Washington that are remitted quarterly and some payroll-related accruals. |
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| | | | | | | | | Recommended Motion | No action required. Briefing only. |
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