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<br /> <br />Agenda Item Number: <br /> <br />ORANGE COUNTY BOARD OF HEALTH <br />AGENDA ITEM SUMMARY <br /> <br />Meeting Date: October 28, 2020 <br /> <br />Agenda Item Subject: 1st Quarter Financial Report FY 20-21 <br /> <br />Attachment(s): 1st Quarter Financial Report <br /> 1st 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 Budget vs. Actuals: Average YTD monthly revenue in <br />FY20-21 after the first quarter is $195k/month or $584k YTD, representing 17% of our <br />overall budgeted revenue for the year. As usual though, the total first quarter revenue is <br />skewed down due to the majority of state funds not eligible to be drawn in July (this is <br />typical) and allocations of Medicaid Max funds will not be transferred into our budget <br />until the end of the fiscal year. Revenues are only slightly below this point last fiscal <br />year (FY 19-20 1st Quarter YTD: $216k). Expenses are in line with revenues, at 18% of <br />the overall budget. <br /> <br />Dental Earned Revenue by Source: The FY 20-21 average monthly revenue <br />($31.3k/month) for the first quarter is below our budget projection ($41k/month) and our <br />FY 19-20 average of $39.7k/month due to longer than anticipated dental clinic closures <br />during the pandemic and the Dental Division Director vacancy. PPE shortages had a <br />negative impact on the dental clinic and its ability to re-open to increased capacity, as <br />Dental staff are required to wear a higher level of PPE for most procedures. The clinic <br />is working with Duke Hospital to sanitize N95 masks, which have allowed staff to see <br />more patients. FY 20-21 dental earned revenue totaled $94k at the end of the first <br />quarter compared to $160k at the end of the FY 19-20 first quarter. <br /> <br />Medical Earned Revenue by Source: Medical earned revenue is currently above the <br />budgeted projection for FY 20-21 ($33k/month) at $44.3k/month due to greater than <br />anticipated revenue during the pandemic. Telehealth visits have been very successful <br />and allowed the clinic to continue to see patients and bill for services even as in-person