Cash and Investments at May 31, 2019

Cash                                     $746,161 

Investments                 $8,767,583

Comprised of:

• $6.3 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 May 31, 2019

Revenues – Actual revenues District-wide are 9.0% above projections at 50.7% with 41.7% of the year elapsed. Revenues collected in advance in Administration received in 2018 for the Kresge and North Sound ACH grants have been reclassified from the liability at 12/31/2018 to 2019 revenues. The effect of the collection of 50% of the annual budgeted State Public Health Funding and annual food permit billings in January has largely dissipated as we move closer to mid-year. 

Expenditures – Actual expenditures District-wide are 2.3% above projections at 44.0% with 41.7% of the year elapsed. Leave payouts for staff laid off in March 2018 and previously unbilled software implementation and support by Acella for Envision Connect software contributed excess of expenditures year-to-date.

Fund Balance

SHD’s Fund Balance is comprised of the following amounts as of May 31, 2019. The Kresge and North Sound ACH reserves were liquidated because the revenue is recognized in 2019.

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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