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DPH ends FY19–20 with positive close after one-time revenues; FY20–21 forecast hinges on COVID reimbursements and centralized COVID project
Summary
Acting CFO Jenny Louie told the Health Commission the Department closed FY19–20 with a $126.4 million balance (partly used in the mayor's year-end balancing), one-time revenues offsetting pandemic-related losses, and outlined FY20–21 first-quarter assumptions including centralized COVID accounting, PPE underspend and hotel isolation cost pressures.
Jenny Louie, acting chief financial officer for the Department of Public Health, presented FY19–20 fourth‑quarter/annual financials and the FY20–21 first‑quarter report to the Health Commission on Dec. 22.
Louie said the department’s year‑end fund balance was $126,400,000, noting that about $90,600,000 of that balance was assumed in year‑end balancing by the controller and the mayor’s office. She described operating losses tied to COVID‑related productivity declines—ZSFG showed roughly a $20 million net patient…
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