The following is an excerpt from the Financial Statements for the year ended June 30, 2017.
The Commission’s Strategic Plan guides the funding activities of the Commission. Financial highlights of the year on a fund accounting basis include:
Total revenues decreased from FY 2015-16 by $139,697, due to a decrease in tax revenue, interest, and in the Fair Market Value of investments. Revenues were $1,612,744, down from $1,752,441 in FY 2015-16. The tax apportionment itself decreased by $45,622.
Total FY 2016-17 expenditures were $1,901,967, a decrease of $2,383 from the previous year.
During FY 2016-17, $400,939 was expended on the Health Initiative to continue providing support to women suffering from perinatal mood and anxiety disorders (PMADS), and to provide training and professional development to medical professionals and social service providers in an effort to improve the consistency and quality of perinatal care in Butte County. The Commission also supported oral health education for preschoolers, pregnant women and expecting fathers. First 5 dollars provided oral health screenings and fluoride varnish to children attending the E-Center Head Start program in Butte County. The Commission also expended funds to continue the promotion of its Sun Safety campaign targeting both parents and young children.
During FY 2016-17, $1,120,110 was expended in support of the Strengthening Families Initiative. Funded services under the Strengthening Families Initiative include primary prevention and early intervention programs such as intensive, evidence-based home visitation and group activities for target populations of overburdened parents of newborns, teen parents, and families with children at risk for abuse and neglect. These programs also promote early entry into prenatal care and age-appropriate oral health care for children and pregnant women, thereby complimenting the Health Initiative. First 5 dollars were invested in training and professional development of staff from funded programs. The Commission also invested in community fairs and events designed to provide educational activities for children and their families to enjoy together.
During FY 2016-17, $267,731 was expended in general program support and development, including revisiting and updating the Strategic Plan, and community outreach efforts.
During FY 2016-17, $30,570 was expended on evaluation support and activities including the support of the Persimmony data collection system.
During FY 2016-17, $77,395 was expended on administrative expenses, including the required annual financial and compliance audits, county charges, and staff time dedicated to carrying out Commission business. The administrative costs equal approximately 4% of total expenditures, which is well under the self-imposed 12% of-the-budget cap for administrative expenses.
A government’s financial position can be determined by examining its fund balance over time. At the close of FY 2016-17, the Commission’s assets exceeded liabilities by $5,840,321. All of the Commission’s cash is committed to multi-year contracts.
The Commission’s fund balance decreased by $295,584 during the 2016-17 fiscal year. The decrease is as per the Financial Plan to use the banked monies at a gradual rate to make up for the decline in revenues as efforts to curtail the use of tobacco are successful.
The Commission intends to increase investments in its new Systems Strengthening Initiative in FY 17-18 to support county-wide systems improvements to develop stronger networks that more effectively address issues affecting children and families. The Commission recognizes that with the projection of declining revenues, investing in the capacity building of networks and systems will be a more effective use of its limited resources in ensuring children have access to the resources they need.