QPR3-Final-06102019

MQA Q3 2018-2019 9 By the numbers Section 456.025(9), Florida Statutes: The Department shall provide a management report of revenues and expenditures, performance measures, and recommendations to each board at least once a quarter. MQA is funded by a trust fund, which consists of fees and fines collected through the licensing and enforcement process. The funds are allocated among the boards and councils to provide administrative support for licensing and regulating health care professionals. The division is committed to ensuring the administrative costs of regulation do not serve as a barrier to licensed health care practitioners practicing their profession in Florida. MQA collaborates with individual boards to reduce fees whenever possible. Renewal and initial fee analyses are performed periodically to compare the cost of regulation against the current renewal fees. MQA TRUST FUND LICENSED UNLICENSED TOTAL Beginning Cash Balance 10/01/2018 $33,483,923 $8,931,230 $42,415,153 Total Revenues 3/31/2019 $46,022,851 $1,650,742 $47,673,593 Total Expenditures 3/31/2019 $57,216,413 $3,073,916 $60,290,329 Ending Cash Balance 3/31/2019 $22,290,361 $7,508,056 $29,798,417 QUARTERLY SUMMARY Initial Applications Received 33,278 Initial Licenses Issued 24,178 Click here for a detailed report by profession MQA’s financial data, specifically the fees that are deposited into and expenses paid from the trust fund, are reported as required by law. At the end of each year, MQA calculates the cost to regulate professions and reviews the adequacy of license renewal fees to ensure professions cover their costs of regulation. MQA issues licenses across 44 health care professions. MQA licenses qualified applicants in conjunction with the regulatory board that oversees each profession. Financial Data Licensee Data