Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears fund condition: reserve fell to $821,000; proposed fees to prolong solvency
Summary
Board budget staff presented 2023–24 actuals and 2024–25 projections showing reserves of $821,000 at year-end (12.4 months) and a projected 8.5 months in reserve under the governor's budget; staff said proposed fee increases will prolong but not permanently fix fund imbalance.
Board budget staff presented the California Board of Naturopathic Medicine’s 2023–24 actual expenditures and a fund-condition projection for 2024–25, showing a year-end reserve that staff said will decline absent additional revenue or changes to the licensee population.
Harmony Ippilippo of the budget office reviewed attachments included in the board packet. She told members the board began fiscal year 2023–24 with a beginning balance of $888,000, collected $622,000 in revenue (including $90,000 from initial license fees, $486,000 from renewals and $46,000…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
