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Board reports declining reserve months, plans revenue changes and cost savings including special investigator hire
Summary
The Osteopathic Medical Board of California told members Aug. 14 that a mix of cost‑cutting and new revenue could shore up a fund that staff say is projected to hold about 11.9 months of reserves after fiscal 2024–25.
The Osteopathic Medical Board of California reviewed year‑end budget projections Aug. 14 and discussed steps the agency says will stabilize its fund over coming years.
DCA budget analyst Kayla Van Lint summarized the board’s fund condition and said the board closed fiscal year 2024–25 with about $4.61 million in reserve — roughly 11.9 months of operating funds — after $3.9 million in receipts and $4.34 million in expenditures. The board’s beginning base budget for the prior year was listed at about $4.41 million. Van Lint said the department uses a conservative 3% ongoing growth factor for personnel and retirement costs when modeling out‑year expenditures and cautioned that any new legislation or unanticipated events could create additional cost…
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