Friday, June 7, 2013

Hospital Reports Small Deficit

Red ink for Lake of the Woods District Hospital.

The hospitals financial year end financial statements were released last
night at the Annual General Meeting and its shows a deficit in 2012-2013 of 135 thousand dollars.

Cindy Gasparini is the hospital's chief financial officer and says that's
actually good news because initially they had projected a deficit of over
half a million dollars.

Gasparini their their budget was actually flat-lined by the province last
year, and revenues shrunk by 0.3 percent compared to the year before.