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DCA budget office presents board fund condition; projects thin reserves without changes
Summary
DCA budget office staff reviewed the California Board of Occupational Therapy’s fund condition and revenue projections, showing that current expenditures and projected salary and retirement increases create ongoing pressure on reserves and noting the board may need fee or statutory changes to remain solvent.
DCA Budget Office analysts presented the board’s expenditure and revenue projections on June 13 and told members that personal‑service cost increases and other unanticipated events are the primary drivers of projected expenditure growth.
Kayla Van Lint, a budget analyst with the DCA Budget Office, reviewed the board’s fund condition and revenue documents before the board. She said the board had a beginning 2023–24 balance of $1,489,000, collected $3,173,000 in revenues that year (including $466,000 from initial license fees and $2,497,000 from renewals), and expended $3,157,000,…
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