Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Professional Fiduciaries Bureau budget shows modest reserves as state seeks departmental reductions
Summary
DCA budget staff reported a projected 2024–25 bureau budget of about $1.19 million, projected revenues of just over $1.1 million and a fund balance of roughly $276,000 (approximately 2.7 months in reserve); statewide budget letters require department cuts.
Department of Consumer Affairs budget staff presented the Professional Fiduciaries Bureau’s fund condition and expenditure projections at the Sept. 11 advisory committee meeting, noting the bureau faces potential cost pressures if additional resources are needed.
A DCA budget analyst said the Bureau began the prior year with a small reserve, collected roughly $841,000 in receipts in 2023–24 (including $141,000 from initial fees and $664,000 from renewals), and closed the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
