About the Board
Activities || Funding Sources || Trends
For more detailed information, you may want to review the Division of Registrations Budget Narrative, which includes the following:
-
Division Description and General Information
- Trends/Environmental Scan
- Critical Issues
- Program Functions and Business Activities
- Workload Measures
Board of Nursing Overview
Funding
Sources
Expenditures and revenues are not always equal. Revenue needs and
fee amounts are based on estimated expenses and numbers of revenue
payers. These estimates may vary from actual expenses and numbers
of payers. Revenue collected that exceeds expenditures remains with
the agency and is considered when calculating total revenue needed
for the following year.
Nursing
The following table displays the amount of revenue generated
and the amount of expenditures for fiscal years 05-06 and 06-07,
and an estimate for fiscal year 07-08.
Revenue |
Expenditures |
|
FY 05-06
Actual |
$2,317,806 |
$2,421,905 |
FY 06-07
Actual |
$2,666,010 |
$2,906,168 |
FY 07-08
Estimate |
$2,910,908 |
$2,958,601 |
The Board of Nursing is cash-funded from fees pursuant to Colorado statute. Fees are paid for licensing of the nursing professions.
Fee amounts are established annually for the purpose of covering direct and indirect costs incurred by the Board of Nursing for licensing and enforcement.
The following pie chart shows the source of revenue for fiscal year 07-08.
(100% Professional and Occupational Licenses)
The following pie chart shows the estimated expenditures for fiscal year 07-08.
(61% Enforcement; 18% Communication; 15% Licensing; and 6% Examining for Licensure)
Note: Phases of the examination process have been privatized (outsourced) in the Board of Nursing.
Nurse Aides Program
The following
table displays the amount of revenue generated and the amount of
expenditures for fiscal years 05-06 and 06-07, and an estimate for
fiscal year 07-08.
Revenue |
Expenditures |
|
FY 05-06
Actual |
$697,829 |
$957,316 |
FY 06-07
Actual |
$564,917 |
$913,644 |
FY 07-08
Estimate |
$840,704 |
$925,326 |
The Nurse Aides program is cash-funded from fees pursuant to Colorado statute. Additionally, the program receives Medicare and Medicaid grants passed through other state agencies.
Fee amounts are established annually for the purpose of covering direct and indirect costs incurred by the Board of Nursing for licensing and enforcement.
The following pie chart shows the source of revenue for fiscal year 07-08.
(69%
Medicare/Medicaid; 31% Professional and Occupational Licenses)
(44% Enforcement; 24% Licensing; 16% Communication; 10% Examining for Licensure; 6% Inspections)
Note: Phases of the examination process have been privatized (outsourced) in the Board of Nursing.
- Health care errors in our nation's hospitals are identified in the Institute of Medicine study, "To Err is Human: Building a Safer Health System" (1999) as the 8th leading cause of death. The study reveals that the environments in which nurses work are prone to error, and errors in patient care are rarely due to individual carelessness or incompetence. Every facet of health care has a role to play, as errors are not the purview of any one type of health care provider or facility. Error reduction requires a shared commitment on the part of regulatory boards and agencies; individual licensees; nurse executives, researchers, and educators; and health care agencies.
- There will be ongoing regulation in health related professions, with increasing efforts to get impaired practitioners into treatment programs or out of the profession.
- Expanding consumer awareness has resulted in increases in complaints filed, especially against health care practitioners. This trend is expected to continue.
- Colorado is experiencing an increased demand for nursing services resulting in a nursing shortage. Compared to previous Colorado and national shortages, this shortage appears to be a new and different type, reflecting the need for experienced specialist nurses, particularly in the acute care setting. Hospitals are facing competition for qualified nurses from managed care, pharmaceutical and non-health-related companies. The shortage may impact staffing ratios and thus the quality and standard of nursing care provided.
.gif)