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OMBC budget office projects small reversion and flags personnel cost pressure
Summary
DCA budget analysts told the board the OMBC began FY 2024–25 with roughly $5.098M, ended with about $4.943M in reserve (about 12.4 months), and projects FY 2025–26 revenues of roughly $3.827M with projected expenditures that produce a modest reversion (~$50,000); analysts warned personnel and legislative changes could affect fund condition.
Kayla Van Lindt, budget analyst with the Department of Consumer Affairs, presented the board’s fund condition statement on Nov. 13 and walked members through actuals for FY 2024–25 and projections for FY 2025–26.
Van Lindt said the board began FY 2024–25 with a beginning balance of approximately $5,098,000,…
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