Funding
According to the district’s most recent audited financials, the District’s various funds had $10.8 million in Revenues, $12.1 million in expenditures, $84.5 million in total assets, $2.4 million in total liabilities, and $32.0 million in cash and investments.
BCHD is a government agency, but according to the most recent audited financials, "80% of the District's services were financed with funding sources other than taxes." Total revenues of the District are $10.8 million. About 19% of BCHD’s funding is derived from property taxes, 24% from fees derived from user fees for health-related services such as fitness classes and the balance from other sources such as property leases (16%), interest (24%) and partnerships (15%). Total assets of the District are $84.5 million and total liabilities of the District are $8.8 million. It has $32.0 million in cash and investments.
According to the current year's budget message, the District had not had positive cash flow in nine of the most recent ten years and despite economic pressures of real estate and interest rates is budgeting a positive cashflow for the second year of a turnaround.
Read more about this topic: Beach Cities Health District