Friday, January 7, 2011

Hospital still in the black

Lake of the Woods District Hospital still expects to break even on its operations this year.

After the first eight months of this fiscal year, the hospital is running a surplus of about 388 thousand dollars.

Finance Manager, Cindy Gasparini points out the surplus will likely shrink during the winter months, because they have higher utility costs.

She adds there will also be some added expenditures, including equipment maintainance contracts.

She says they are still in good shape financially and barring any unforseen expenses they should be in the black once again this year.