Cash and Investments at December 31, 2018

Cash                  $3,513,931 

Investments      $8,280,858

Comprised of:

• $5.8 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.   

Calendar Year Operations through January 31, 2019

Revenues – Actual revenues District-wide are 18.1% above projections at 26.4% with 8.3% 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. In addition, we are dealing with some lingering software upgrade issues that prevented billing of the Department of Health Consolidated contract for January. This affects the revenues for Prevention and PHEPR. We are working with the vendor to resolve.

Expenditures – Actual expenditures District-wide are 1.2% above projections at 9.5% with 8.3% of the year elapsed. In Administration, the overage is partially due to the delay in implementation of the finance software upgrade into January of 2019. This delay was not known at the time of the 2019 budget development.

Fund Balance

SHD’s General Fund Balance is comprised of the following amounts as of January 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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