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DCA presents fund condition: Physician Assistant Board projects ~12 months reserve; staff outline licensing volumes
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Summary
DCA budget staff presented the board's five-year fund condition showing about 12.5 months in reserve for the current year and projected declines in months of reserve in out years; licensing staff reported 19,678 current licenses and noted processing timelines and fee changes.
Department of Consumer Affairs budget staff presented the Physician Assistant Board's fund condition at the Nov. 17 meeting, reporting a healthy fund balance and highlighting underlying assumptions and risks.
Andrew Trudy, budget analyst, told the board the prior-year adjusted beginning balance was about $3.9 million, with projected revenue and expenditures producing a current-year fund balance that provides roughly 12.5 months in reserve. The presentation noted a 3% ongoing adjustment to expenditures to account for salary and retirement cost increases; enforcement costs were not included in the projections and could increase fiscal pressure in out years. Trudy said the budget office would continue monthly expenditure monitoring and work with board staff on resource needs.
Separately, licensing staff reported that as of Nov. 3 the board had 19,678 current licensees, an increase in retired-status licensees (+231) and about 5,716 canceled licensees. Staff said initial license applications are typically reviewed within 30 to 45 days and that a fee increase went into effect Oct. 1; additional fee changes are scheduled for January. Members asked for clarification about typical months-in-reserve targets; Trudy said benchmarks usually aim for 6—12 months with 24 months as a maximum.
Board discussion highlighted that months-in-reserve have been declining from earlier, higher levels and that fee adjustments incorporated in the sunset package should improve the fund position over time.
