Cash and Investments at June 30, 2019

Cash                  $1,608,739 

Investments      $8,071,003

Comprised of:

• $5.6 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 and is included in the Investments.   

Calendar Year Operations through June 30, 2019

Revenues – Actual revenues District-wide are 8.5% above projections at 58.5% with 50% 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 has dissipated.   Food and other permit fees billed in January for 2019 keep EH revenue ahead of budget.

Expenditures – Actual expenditures District-wide are 3.9% above projections at 53.9% with 50% of the year elapsed. Leave payouts for staff laid off in March 2018 and previously unbilled software implementation and support by Accela 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 June 30, 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.