| | | | | | | |  | BOARD OF HEALTH STAFF REPORT (SR 19-058)
June 11, 2019
Briefings |
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| | | | | | | | | Approve Finance Manager’s report for March 2019 (SR 19-058; T. Kellogg) |
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| | | | | | | | | Division: | | Administration / Tracey Kellogg, Finance Manager |
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| | | | | | | | | Prior Board Review: | | Administration Committee, 5/22/2019 |
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| | | | | | | | | Background |
Cash and Investments at March 31, 2019
Cash $1,187,545
Investments $9,176,380
Comprised of:
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 March 31, 2019
Revenues – Actual revenues District-wide are 14.5% above projections at 39.5% with 25.0% 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.
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Administration
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45.97% of budget
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Prevention
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30.48% of budget
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Environmental Health
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42.51% of budget
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PHEPR
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22.19% of budget
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Expenditures – Actual expenditures District-wide are 1.2% above projections at 26.2% with 25.0% of the year elapsed.
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Administration
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25.78% of budget
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Prevention
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26.28% of budget
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Environmental Health
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26.71% of budget
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PHEPR
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24.26% of budget
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Fund Balance
SHD’s Fund Balance is comprised of the following amounts as of March 31, 2019:
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Fund Balance
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Non-Spendable
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$61,965
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Board-Approved Reserves:
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Working Capital
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2,042,043
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Compensated Absences
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2,000,000
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Capital Improvements
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500,000
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Emergency
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500,000
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Kresge Grant
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111,537
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North Sound ACH
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138,500
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Rucker Building - Reserve from 2015 Water Damage
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134,822
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Unreserved
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6,112,890
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Total Fund Balance
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$11,601,757
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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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| | | | | | | | | Recommended Motion | No action required. Briefing only. |
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