Health & Fitness
LA County Fiscal Year 2012-2013 Cash Flow Projection
LA County Monthly Cash Flow Projection - OOOPS we spent 10% more last month!
Please check out the link with the latest cash flow projection by the CEO of Los Angeles County. It's all available on my NEW favorite site - "Board Correspondence" for LA County
Find out what's happening in Studio Citywith free, real-time updates from Patch.
The estimated June 30, 2013 combined cash balances for the GENERAL FUND and HOSPITAL FUNDS are positive $662 million, an increase of $150 million from the previous months estimat of $512 mllion.
Find out what's happening in Studio Citywith free, real-time updates from Patch.
Then we look at the "Short-Term Outlook". "Our previous report estimated the March 31, 2013 cash balances at negative $257 million. The actual cash balances were negative $288 million. The difference of $31 million was primarily due to higher than anticipated vendor payments"
In plain English: OOOPS we spent 10% more. or OOOPS we had to pay 10% more.
Then when we look at the chart covering ACTUAL July 2012 to ACTUAL March 2013. Total month end cash in July 2012 was 1,358,079,000 and with the exception of December 2012 we have had a DECREASE EVERY MONTH SINCE. So while we seemed to get back on track in December going from November's $246million deficit to a positive balance of $405million. It was quickly reduced from Jan to March 2013 .
A disclaimer at the bottom about borrowable resources still does not make us feel comfortable - since those too show a decreasing trend ending in June of 2013.
