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LOS ANGELES COUNTY CHILDREN AND FAMILIES FIRST – PROPOSITION 10 COMMISSION (a Component Unit ... - page 15 / 47

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Tobacco Taxes for State School Readiness Program Tobacco tax revenue for the State School Readiness program increased from $15.09 million in FY 2007-08 to $15.45 million in FY 2008-09, an increase of $347,229 or 2%. A refined analysis of estimated State School Readiness revenue from inception to June 30, 2009 was completed and is reflected in the amount of revenue recognized in FY 2008-09 and the deferred revenue recorded for FY 2008-09.

Other State Commission Program Funds State Commission matching funds increased from $5.7 million in FY 2007-08 to $6.4 million in FY 2008-09, an increase of $764,923. The increase is due primarily to the Los Angeles Universal Preschool (LAUP) Power of Preschool program revenue which is a result of the expanded service areas in FY 2008-09.

Medical Administrative Activities The Commission earned $925,511 from the County of Los Angeles to assist in the administration of the Medi-Cal Program by improving the availability and accessibility of Medi-Cal services to eligible participants.

Investment Income The Commission earned $28.1 million of investment income in FY 2008-09, which was a decrease of $6.9 million, or (20%) compared to the $34.9 million earned in the prior year. This decrease is due to the decline in interest rates during the fiscal year.

Other Revenues The Commission generates other revenue primarily through the lease agreement of the 2nd floor of the building it owns. The revenue decreased by 3% to $453,762 in FY 2008-09 in comparison to $467,302 received in FY 2007-08. This is a result of a reduction in miscellaneous receipts as rental income remained the same.

Expenses The Commission expended approximately $171.2 million in FY 2008-09 compared to $139.6 million in FY 2007-08 an increase of $31.6 million or 23%. The $31.6 million increase in overall expenditure is primarily due to the following:

Allocation

FY 2007-08

FY 2008-09

$ 580,000,000 Pass through 50,000,000 100,000,000 3,809,286

$ 64,057,852 - 8,422,807 11,123,125 -

$ 62,575,949 10,757,850 8,881,386 15,866,449 3,073,714

Provider Grants and Other Allocations The Commission expended approximately $160.2 million in FY 2008-09 compared to $130.9 million in FY 2007-08, an increase of $29.3 million or 22%. This increase comes from the prior year adjustment as noted above and increased expenditures for Healthy Kids of approximately $9.1 million and Power of Preschool of $10.7 million.

Grantees

Los Angeles Universal Pre School Power of Preschool (POP) Partnership for Families Healthy Kids MRMIB

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