MQA funds its operations through the collection of licensing fees and fines from health care practitioners, as well as enforcement actions, per section 456.025(9), Florida Statutes. These revenues are allocated across the 22 regulatory boards and four councils responsible for overseeing daily licensing and enforcement tasks. By the end of Quarter Four, regulatory fines and fees totaled $891,205.25, with $414,405.48 successfully collected within the quarter. A portion of each practitioner's application fee, specifically $5, is allocated to support enforcement activities. Additional funding is generated through fines imposed for disciplinary actions. These financial resources are pooled into the MQA Trust Fund, which underpins the regulation of health care practitioners and facilities. Quarterly financial statements provide transparency and measure MQA's regulatory performance. In Quarter Four, MQA reported an overall cash balance of $40,876,335, earmarked for various initiatives including licensing, program administration, and promotional activities. This balance includes the opening amount for FY 2023-24, along with all revenue and expenditure details, culminating in the quarter's closing balance. FINANCIAL SUMMARY Q4 • Quarterly Performance Report • FY 2023-24 19
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