The Five Hill Health region released its unaudited financial statement for the year ending March 31, 2008.
"The good news is we're in surplus, " explained Five Hills CEO Dan Florizone .
The surplus, roughly $1.75 million, will be transferred into the region's capital projects budget.
Florizone said that while a surplus in excess of $1 million represents a significant amount of resources, it's a small margin of the health region's overall budget, coming in at approximately $110 million.
"It's around one per cent of the total budget," Florizone said.
He likened it to a household with a $50,000 income having a one per cent, or $500 annual surplus, to address all of its household maintenance costs.
"While it's a very narrow surplus in the grand scheme of things," Florizone said, "it's still on the positive side, so we are operating within our means and that's good."
Five Hills Health Region posts surplus
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Published on
May 1, 2008
- Published on July 10, 2009
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Staff ~ The Moose Jaw Times Herald
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