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Board reviews fund condition: staff project nearly $3.9M reserve and nine months in reserve for 2025'6
Summary
DCA budget staff presented the board's fund-condition statement showing projected revenues of about $5.7 million for 2025-26 and an estimated fund balance of roughly $3.9 million (~9 months in reserve); staff cautioned future legislation or unanticipated events could increase pressure on the fund.
At the California Architects Board meeting, Luke Fitzgerald, a budget analyst with the Department of Consumer Affairs, presented the board's expenditure projections and fund-condition statement.
Fitzgerald said the board's beginning base budget is $4,884,000 and projected 2025-26 expenditures of about $4,708,000, producing a reversion of roughly $176,000. He summarized 2024-25 actuals (beginning balance $3,868,000; $4,073,000 in receipts) and the current-year projection that places the board's reserve at roughly $3,917,000, or about nine months in reserve. Revenue components cited in the presentation included initial license fees, renewal fees and penalties or citation receipts.
Board members asked detailed questions about individual line items (including CPI service/external and department-service line items that appeared imbalanced); staff said they focus on the bottom-line fund condition and that individual line-item reallocations occur less frequently. Susan, the budget manager, explained that "income from surplus" is calculated on a percentage basis and had been adjusted in the May revise to align with current interest rates (about 4.4%).
Fitzgerald and staff said they would continue monthly monitoring and reporting and flagged that any future legislation or unanticipated events could require additional resources and create cost pressure on the fund.
Next steps: Budget staff will continue monthly expenditure projections and keep board leadership informed; members requested ongoing updates and explanations of line-item variances.
