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Budget office: board fund strengthened; staff to monitor pro rata and personnel cost pressures
Summary
Department of Consumer Affairs budget staff presented the board’s fiscal year projections showing a stronger reserve position driven by an $60,000 reversion and projected revenue stability, while cautioning that personal service and pro rata increases will pressure future years' expenditures.
Department of Consumer Affairs budget staff presented the board’s fund condition statement and revenue/expenditure projections during the Oct. 8 meeting, reporting an improved reserve position but flagging rising personal service and pro rata costs.
Kayla Van Lent, budget analyst with the Department of Consumer Affairs budget office, told the board that actuals through fiscal month 13 were used to derive projections and that the board started 2024–25 with a beginning balance of $841,000. The board collected $667,000 in revenues that year: about $100,000 from initial license fees, $521,000 from renewals and $46,000 from citations…
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