Cash and Investments at July 31, 2019

Cash                  $2,918,805

Investments      $7,332,262

Comprised of:

• $4.8 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 July 31, 2019

Revenues – Actual revenues District-wide are 15.6% above projections at 73.9% with 58.3% of the year elapsed. The collection of the second payment of the annual budgeted State Public Health Funding pushes Administration Revenues up as in prior years. Food and other permit fees billed in January for 2019 also keep EH revenue ahead of budget. Prevention Services and PHEPR are slightly behind budgeted revenue. These figures do not include the budget amendment approved by the Board in September 2019. The budget amendment will be included in the August financial statements.

Expenditures – Actual expenditures District-wide are 3.3% above projections at 61.6% with 58.3% 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 over projections year-to-date. This is mitigated by the budget amendment approved by the Board in September 2019 that will be included with the August financial report.

Fund Balance

SHD’s Fund Balance is comprised of the following amounts as of July 31, 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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