Cash and Investments at September 30, 2019

Cash                      $770,643

Investments         $8,668,173

Comprised of:

• $6.2 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 September 30, 2019

Revenues – Actual revenues District-wide are 9.1% above projections at 84.1% with 75.0% of the year elapsed. The collection of the second payment of the annual budgeted State Public Health Funding in July 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 continues to be slightly behind budgeted revenue. Medicaid Administrative Match invoice for the second quarter of 2019 of typically around $24,000 is pending approval by the Health Care Authority as of the report date which impacts Prevention Services revenue. Additionally, total WIC revenues are $142,445 behind budget as of the reporting period.

Expenditures – Actual expenditures District-wide are tracking close to budget and are .2% below projections at 74.8% with 75.0% of the year elapsed.  

Fund Balance

SHD’s Fund Balance is comprised of the following amounts as of September 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.