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Board reviews licensing statistics and fund condition; staff says reserves improved after fee changes
Summary
Staff presented licensing statistics showing a small decline in individual applications, an increase in facility applications tied to chain ownership changes, and a fund condition of about 8.2 months in reserve after a fee restructure; board members asked for follow‑up on projections and historic low reserves.
Board staff presented licensing statistics for the first quarter of the fiscal year along with a three‑year comparison. The data showed a 2% decrease in individual applications received and a 44% increase in facility applications (the board attributed the latter to changes in ownership for chain community pharmacies). The number of individual license renewals rose 4% and…
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