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Board staff present fund projection showing roughly 12 months in reserve; budget office flags ongoing cost pressures
Summary
Department of Consumer Affairs budget staff told the Physician Assistant Board the board's fund condition shows about 12.3 months in reserve for FY 24'25 but projects decreasing months in reserve in out years due to assumed 3% annual expenditure growth and personnel cost increases.
Department of Consumer Affairs budget office staff presented the board's fiscal projections and a five-year fund condition on Aug. 15, reporting healthy reserves now but cautioning about future cost pressures.
Andrew Trudy, associate budget analyst, and Suzanne Alquist, budget manager, told the board that Fiscal Month 11 (FM 11) projections and current augmentations yield estimated personnel costs of about $1,505,000 and operating expenses of about…
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