What happens to any leftover funds at the end of the year?

At the end of the year, any leftover funds typically go into a special agency fund. This practice is often in place to ensure that excess funds can be utilized for specific initiatives related to the agency’s mission, such as enhancing services, improving operational efficiencies, or funding future projects. By maintaining a special agency fund, authorities can strategically allocate resources to areas that may need additional support or investment, rather than returning the funds to licensees or diverting them to the general fund, where they might be used for unrelated purposes. This mechanism allows regulatory bodies to be more flexible and responsive to the needs of the profession and the stakeholders involved.