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<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: August 24, 2016 <br /> <br />Agenda Item Subject: 4th Quarter Financial Report FY 15-16 <br /> <br />Attachment(s): 4th Quarter Financial Report <br /> 4th Quarter Billing Dashboard <br /> <br />Staff or Board Member Reporting: Rebecca Crawford <br /> <br />Purpose: ___ Action <br /> _X_ Information only <br /> ___ Information with possible action <br /> <br /> <br />Summary Information: <br /> <br />Total Health Department Revenue: Average YTD monthly revenue in FY16 after the <br />fourth quarter is $242k/month or $2.8 million YTD, representing 97% of our overall <br />budgeted revenue for the year. This is an increase from an average of $210k/month in <br />FY15. Expenses were slightly lower than revenues at 94%. <br /> <br />Total Billing Accuracy: Continuing with the goal of 90% billing accuracy set in FY 14- <br />15, the average billing accuracy rate for medical at the end of FY 15-16 is 91% as <br />compared to 92% in FY 14-15 and the average rate for dental for FY 15-16 is 100% as <br />compared to 86% in FY 14-15. <br /> <br />Dental Earned Revenue by Source: The FY 15-16 average monthly revenue <br />($40k/month) ended the fiscal year slightly below our budget projection ($45k/month) <br />but still above our FY 14-15 average of $35k/month. FY 15-16 dental revenue totaled <br />$485k at the end of the fourth quarter. <br /> <br />Medical Earned Revenue by Source: Medical earned revenue is currently below the <br />budgeted projection for FY 15-16. The monthly average after the fourth quarter <br />($50k/month) leaving us level with FY15 and on target with our budget projection <br />($50k/month). Medical revenue totaled $596k for FY 15-16. <br /> <br /> <br /> <br />