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DCA budget office projects 7 months reserve for Professional Fiduciary Bureau
Summary
DCA budget staff told the advisory committee the bureau’s fund condition projects a fund balance of just over $711,000 (about seven months of reserve) for 2024–25; the report includes revenue and expenditure breakdowns and a conservative 3% ongoing expenditure growth assumption.
A budget analyst from the Department of Consumer Affairs (DCA) told the Professional Fiduciary Bureau Advisory Committee on March 12 that the bureau’s fund condition projects a fund balance of just over $711,000—equivalent to roughly seven months of reserve—based on data through fiscal month 6.
Bridal Vu, a DCA budget analyst, said the bureau began the cycle with a base of a little more than $1.1 million and projects to spend approximately $689,000 in the…
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