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Board sees one-year surplus after fee changes; budget office warns against relying on volatile revenue
Summary
The California State Board of Optometry reviewed its fiscal condition and fund projections during its public meeting, hearing from Department of Consumer Affairs budget staff about a surplus in the most recent fiscal year and longer-term cost pressures.
The California State Board of Optometry reviewed its fiscal condition and fund projections during its public meeting, hearing from Department of Consumer Affairs budget staff about a surplus in the most recent fiscal year and longer-term cost pressures.
Budget analyst Emily Molino told the board the board began the 2024–25 year with a balance of about $2.93 million and collected roughly $3.345 million in revenues. The board spent about $2.9 million through fiscal month 13, producing an estimated reversion of about $1.18 million (roughly 28.8 percent of the beginning budget in that fiscal snapshot).
The board projects $3.346 million in revenue for the coming year, with renewals the largest single…
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