Friday, June 6, 2014

Hospital Balances Budget

A strong financial report for the Lake of the Woods District Hospital.

Vice President of Financial Services Cindy Gasperini says the Ministry of Health no longer recognizes a deficit at the hospital.

However, Gasperini says that's not entirely correct.

The ministry doesn't account for building amortization which was just over $300,000 which creates a surple of $158,000.

However with that aspect taking into account the hospital recognizes a deficit around $188,000.