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California Acupuncture Board projects healthy reserves but flags potential future cost pressures
Summary
The board’s budget office told the California Acupuncture Board on March 7 that the fund is projected to remain healthy with roughly 16 months in reserve, but staff warned salary and statewide budget reductions could increase costs in coming years.
The California Acupuncture Board will finish the 2024–25 fiscal year with a projected fund balance of about $5.7 million, or roughly 16.2 months in reserve, the Department of Consumer Affairs budget office told the board at its March 7 meeting.
Rachel Lanzoni, a DCA budget analyst, presented the board’s fund condition statement, saying the board began the prior year with roughly $4.4 million, collected about $4.1 million in revenues and expended roughly $3.7 million. For 2024–25 the board projects receipts around $4.4 million and expenditures near $3.3 million. "The board had a beginning base budget of approximately 3,800,000…
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