SHD is a member of the Association of California Healthcare Districts (ACHD)
1. What is meant by the SHD 100% pledge?
Sequoia Healthcare District (SHD) is committed to returning all current tax dollars back to the community through health services. The District annually estimates the amount of tax dollars it expects to receive during our fiscal year and budgets that amount to invest in a wide variety of programs and services designed to positively impact the health and well-being of our residents. For fiscal year 2016-17 we anticipate receiving $11 million in tax dollars and we have therefore budgeted investing all $11 million dollars.
2. If 100% of tax funds are spent on community health programs how does SHD pay for administrative expenses?
SHD has a few other sources of income including rent we receive from the tenants that share our District-owned building and interest income earned on the investment of our reserved dollars. If the total of “other” dollars are less than what is needed for administrative expenses, SHD’s Board has authorized the use of reserve funds to offset the difference.
3. How did the District accrue the reserves that may be used if 100% of tax funds are committed back to the community?
SHD has been in existence since 1946 and developed assets over the years from a variety of sources. The 100% commitment policy has been in place since 2010 and refers to the use of current annual tax income. It is the goal of the District to commit to this policy as long as District reserves remain sufficient to cover expenses.
More information on our finances can be found here (including our annual budget and our audited financial statements)