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Board projects $5.7 million fund balance; budget office notes staff costs will drive future increases
Summary
DCA budget analyst Jennifer Tompkins told the California Acupuncture Board on June 13 that fiscal-month-9 projections show projected 2024–25 revenues of about $4.5 million and a projected year-end fund balance near $5.7 million (roughly 16.3 months of reserves); staff warned personnel cost adjustments will increase future expenditures.
State Department of Consumer Affairs (DCA) budget analyst Jennifer Tompkins told the California Acupuncture Board on June 13 that the board’s 2024–25 fund condition projections show projected year-end revenues of about $4.5 million and a projected fund balance of roughly $5.7 million, equal to about 16.3 months of reserve.
Tompkins said the board began the 2023–24 fiscal year with a beginning balance “of…
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