Background

Original Reserve Policy is 3% of the Undesignated Fund Balance, and not to exceed 10% of the total budget.

Reserve Policy has been waived since 2009 in order to implement Program Stability Fund.

Actual Fund Reserve balance fluctuates during the year depending on collection of ad valorem revenues and provider expenditures.

Considerations for Discussion:In the event of a natural disaster JWB contractually commits to fund agencies for 2 months, in the 13/14 budget this amount is $6.9M.

To continue JWB operation for 2 months following a natural disaster, an amount of $1.2M is required.

Item II.A.

JWB - August 12, 2013 Page 1

Sources of Reserve

Implementation of Pilots / Projects

Intergovernmental Transfer (IGT)

Year-End Lapse from Provider Contracts

JWB - August 12, 2013 Page 2

Months: 1 2 2.5 3

Reserve Amount:

2 Month Contractual Obligation to Funded

Agencies:

$6.9M

Operating Reserve

7%Reserve to Total Budget: 13% 16% 20%

$11M $13.5M$9M$4.5M

JWB - August 12, 2013 Page 3

2 Month cost for JWB Operating:

$1.2M

$6.9M

$6.9M

$6.9M

$1.2M

$1.2M

$1.2M

Ideas for Spending Down the Reserve

JWB - August 12, 2013 Page 4

Cost of Business

ImprovementExpand

Provider Pool for Quality

Early Learning

Collective Impact ProjectOST

Funding

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IGT for indigent care

Donation for children’s services

JWB Revenues for children’s services

State Match for subsidized child care

Total generated for children’s services = $23.6M

* Estimate pending Board approval

Intergovernmental (IGT) and Revenue Maximization Efforts

All Children’s Hospital $1.338 $0.134

Bayfront $3.412 $0.341

*BayCare $6.775 $0.673

*Community Health Centersof Pinellas $1.500 $0.353

Targeted Case Management $0.350

Child Care Executive Partnership $1.40 $1.40

Child Care Match $0.360 $5.60

Total $13M $1.5M $2.1M $7M$13M $1.5M $2.1M $7M

Summary of 2013 - 2014 JWBItem II.B.