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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, collected about $4,119,000 in revenues (including $1,096,000 from initial license fees and $2,737,000 from renewals), and expended approximately $4,274,000. As a result, the board closed the year with a reserve of about $4,943,000 (roughly 12.4 months). For FY 2025–26 the budget office projects revenues of about $3,827,000, including $1,133,000 in initial license fees and $2,469,000 from renewals, and anticipates roughly $4,540,000 in expenditures, creating a projected reversion of about $50,000 (approximately 1.09% of the beginning budget).
Van Lindt and the budget manager noted that a key driver of future expenditure increases is personal‑service adjustments (salary and retirement), and that unanticipated legislation or events could create additional cost pressure on the OMBC fund. The budget office committed to providing monthly expenditure projections and to working with OMBC executive staff on any future augmentation requests.
