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DPH projects $43.4 million surplus for FY21-22 Q2 but flags several program shortfalls
Summary
CFO Jenny Louie presented the DPH second-quarter financial report showing a projected $43.4M departmental surplus and a fully funded management reserve, while noting program-level shortfalls and unresolved COVID cost reconciliations that could alter future projections.
Jenny Louie, chief financial officer for the Department of Public Health, presented the department—s second-quarter revenue and expenditure projections.
"Overall, the department is projecting a $43,400,000 surplus," Louie said, describing $41.3 million in revenue savings and $2.1 million in expenditure savings that together drive the projection. She said a portion of administrative savings will move to the…
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