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Commissioners press budget office on pension balance after year-end report; license-plate update given
Summary
The budget office presented fiscal year 2024–25 results and fund balances; commissioners asked the office to verify the Boxer Pension Fund balance after several recent payouts. Staff also reported the specialty license-plate design has passed DMV review and is undergoing CHP visibility testing.
The California State Athletic Commission's budget office reported year-end 2024–25 revenue and expenditures at the commission’s Sept. 8 meeting and commissioners raised questions about the accuracy of the Boxer Pension Fund balance after recent sizable payouts.
Budget numbers presented Budget analyst Bridal Voo reported the commission’s fiscal-year figures and fund balances: - Commission Support Fund: expenditures $2,381,000; revenue $2,136,000; fund balance $130,000 (about 0.7 months in reserve). - Commission Neurological Fund: expenditures $53,000; revenue $94,000; fund balance $395,000. - Boxer Pension Fund: expenditures $75,000; revenue $282,000; fund balance reported $972,000. - Mixed Martial Arts Retirement Benefit Fund: revenue for fiscal year 2024–25 reported at $58,000.
Chair's follow-up and verification request Chairman Peter Villegas questioned the Boxer Pension Fund balance after the commission recorded recent pension payouts, including a payment described during the meeting (the transcript references a $159,000 payment). Villegas asked the budget office to verify the stated fund balance; the budget analyst agreed to investigate and report back.
License plate status Staff reported the commission’s specialty license plate design has been tentatively approved by the California Department of Motor Vehicles and is now undergoing visibility testing with the California Highway Patrol (CHP). Staff said CHP testing typically takes four to six weeks, after which additional administrative steps remain before plates are released.
Next steps Budget staff said they will re-check the Boxer Pension Fund figures and provide updated reconciliations to the commission. Commissioners also requested more information on specialty-plate revenue benchmarks for other state programs to estimate potential ongoing revenue streams.
