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Bureau reports stable reserves across home‑furnishings, appliance repair and movers funds
Summary
The Bureau of Household Goods and Services told its advisory council on Aug. 14 that fund balances remain structurally healthy despite projected declines in some reserves; staff said fiscal 2019–20 numbers are preliminary and the bureau typically reverts unused appropriations.
Nicholas Oliver, Bureau Chief of the Bureau of Household Goods and Services, said at the Aug. 14 advisory council meeting that agency budget staff are monitoring fund balances for the bureau’s three program areas.
Marie Reyes, interim budget analyst in the Department of Consumer Affairs fiscal operations, presented preliminary fund conditions for fiscal year 2019–20 and projections for 2021 and 2022. Reyes said the numbers are based on 11 months of actuals plus a projection for the 12th month and that the fiscal year closeout is expected in September or October.
Reyes told the council that the Home Furnishings and Thermal Insulation fund carried a beginning balance of about…
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