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Board staff: fund healthy, months in reserve about 16.2; projected revenue up to $4.4M this fiscal year
Summary
Department of Consumer Affairs budget staff reported that the California Acupuncture Board’s fund condition shows approximately 16.2 months in reserve and projected revenues of about $4.4 million for 2024–25, while cautioning salary and pension increases and state budget reductions could raise future expenditures.
Rachel Lanzoni, a budget analyst with the Department of Consumer Affairs (DCA) budget office, presented the California Acupuncture Board’s fund condition statement and expenditure and revenue projections at the board’s March 7 meeting.
Lanzoni told the board the report uses actual data through fiscal month 6 and that the board began the 2023–24 year with a beginning balance just over $4.4 million. For 2023–24, the board collected roughly $4.1 million in revenues and ended with an estimated reserve balance of about $4.6 million — roughly 16.4 months in reserve, the presentation said. For the current year…
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