MQA Quarterly Performance Report

MQA’s financial data, including the fees that are collected 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. 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 practitioners. MQA 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. Analyses are performed periodically to compare the cost of regulation against the current renewal fees. FINANCIAL DATA MQA licenses qualified applicants in conjunction with the regulatory board that oversees each profession. TITLE LICENSED UNLICENSED TOTAL Beginning Cash Balance $ 32,209,759 $ 5,405,926 $ 37,615,685 07/01/2021 Total Revenues $ 49,630,194 $ 1,369,108 $ 50,999,302 12/31/2021 Total Expenditures $ 42,906,823 $ 2,245,589 $ 45,152,412 12/31/2021 Ending Cash Balance 2021 $ 38,933,130 $ 4,529,445 $ 43,462,575 Q2 • Quarterly Performance Report 2021-22 13 FINANCIAL DATA