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Board budget report shows projected surplus; members urge contingency planning on loan repayment
Summary
Administrative services presented fiscal-year figures showing projected revenue above budget and a projected $1.8 million reversion; staff said a $5 million loan is expected to be repaid by June 30, 2025, but board members urged contingency planning.
Wilbur Rambala, administrative services unit manager, presented the Dental Board of California’s fiscal-year budget update at the May 14, 2025 meeting. Rambala said the board’s fiscal year figures for the period through February (fiscal month 8) show budgeted expenditures of about $20,300,000 and projected expenditures of about $12,800,000, leaving an expected reversion of approximately $1,800,000 to the fund.
Rambala said the board’s budgeted revenue was $18,800,000 but staff now project collecting about $20,400,000 by the end of the fiscal year. He also reported on a board loan expected to be repaid at the end of the fiscal year — described in the presentation as a $5,000,000 loan — and provided interest calculations from the budget office, noting an interest-accrual rate of roughly 0.67 percent and an anticipated interest amount of approximately $33,000 per year; the presentation also referenced projected interest earnings of about $160,000 (figures as presented in the materials).
Board member Robert David questioned the assumption that the loan will be repaid by June 30, saying that in the current fiscal environment he would be “absolutely stunned” if repayment occurred and urged staff to plan for the contingency that repayment might not happen. Rambala responded that repayment is currently expected and that repayment would occur before any fee increases, if fee adjustments were pursued.
The budget report was informational only; no vote was required.
