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HSS finance update: trust fund projection, mayoral reduction targets, and staffing constraints
Summary
Deputy Director Pamela Levin reported a projected $18.6 million increase in net assets for the trust and outlined mayoral two‑year budget reduction targets and submission deadlines; commissioners pressed staff about analytics and unfilled finance positions needed to support proposed changes.
Deputy Director and CFO Pamela Levin presented financial results through Nov. 30, 2013, and a schedule for the 2014–15 budget cycle, telling the Health Service Board the trust fund is projected to show an $18,600,000 increase in net assets while noting obligations that reduce the usable balance.
"We are projecting a increase in net assets of $18,600,000," Levin said while walking through trust fund components and reserve considerations. The presentation itemized components including $11,100,000 in city plan…
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