Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board hears budget office: fund balance, revenue drop linked to retirements
Summary
State budget staff presented the board's fund condition statement showing a projected reserve decline tied partly to higher retirements; board members asked about renewal fluctuations and fine collections.
Budget staff from the Department of Consumer Affairs presented the board's fund condition statement and expenditure projections based on actuals through fiscal month 9. The presentation showed the board began FY 2023–24 with about $3.0 million, collected roughly $5.0 million in revenues that year, had expenditures near $4.8 million, and ended that year with approximately $3.87 million in reserve (about 9.3 months).
For the current fiscal year, staff projected revenues of just over $4.0 million with renewals and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
