Northern Health has Small Surplus
By 250 News
Monday, November 26, 2007 08:27 AM
Northern Health continues to post a small surplus in the latter half of the 2007/2008 fiscal year. At their meeting in Vanderhoof, NH Board directors received a financial update indicating a $3.26 million surplus. This surplus is just over half a per cent of the health region’s annual budget of $558 million.
“We’re projecting to break even at the end of the fiscal year, which is March 31st of 2008,” said Dr. Charles Jago, chair of the NH Board. “While cost pressures are lighter in the first half of the fiscal year, the last half of the year generally sees higher acute care volumes and greater energy usage.”
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Posted by: BCRacer on November 27 2007 6:13 PM
In other words, if Northern Health were fully staffed there would not be enough money to pay their salaries with the available $3.25 million "surplus". $7.5 million less $3.25 million equals $4.25 million. That is the minimum increase in funding needed to keep services at PGRH up to the approved levels.
Is that the real reason services are restricted?