Q1 • Quarterly Performance Report • FY 2024-25 18 FINANCIAL SUMMARY Under the guidelines of section 456.025(9), Florida Statutes, MQA funds its operations through the collection of licensing fees and fines from health care practitioners, as well as enforcement actions. These revenues are allocated across the 22 regulatory boards and four councils responsible for overseeing daily licensing and enforcement tasks. In Quarter One, regulatory fines and fees totaled $470,557.96, with $495,279.42 successfully collected. Each practitioner’s application fee includes a dedicated $5 contribution towards enforcement efforts, with disciplinary action fines also augmenting this fund. These contributions are deposited into the MQA Trust Fund, which supports the regulation of practitioners and facilities. Regular quarterly financial reports on the fund’s revenues and expenditures serve as a gauge of MQA’s regulatory efficiency. At the beginning of Quarter One, MQA reported an overall total cash balance of $40,876,335, earmarked for licensing processes, program management, and marketing initiatives. This figure encompasses the fiscal year’s beginning balance for 2024-25, detailing all revenues, expenses, and the closing balance at the end of the quarter. Quarter One Revenues and Expenditures
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