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SFHSS financial report: trust balance healthy but modest year‑end decline projected
Summary
CFO Iftikhar Hussain told the Health Service Board the trust fund balance was $105,000,000 as of April 30, 2023, with a projected $2,000,000 net decrease by year‑end; the sustainability fund was projected at roughly $2.7 million and the general fund showed a near‑term $1.5 million surplus largely due to vacancies and timing.
At its June meeting the San Francisco Health Service Board received a financial update from Chief Financial Officer Iftikhar Hussain showing the trust fund balance at approximately $105 million as of April 30, 2023.
Hussain said projections anticipate a $2 million net reduction by the end of the fiscal year,…
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