The Sunrise Regional Health Authority has approved a balanced operating budget for the 2017-18 fiscal year. The budget consists of revenues totaling $225,010,222 and total budgeted operating expenditures of $223,032,074 with $1,978,148 held for replacement reserves and repayment of mortgages and loans.
Of the health region’s total operating revenue 89% is provincially funded. The remaining revenue will be realized from long term care and home care fees, third party charges, and other miscellaneous recoveries. The region received a 0% net increase in funding compared to last year’s base funding.
To arrive at a balanced budget in 2017-18, the health region will continue to focus efforts on attendance targets and vacancy management, reduce non-salary expenditures, adjust revenue, analyze staffing levels in relation to service, reduce leased space, utilize all available deferred funding, and continue the region’s commitment to sustainable Primary Care. The budget also identifies the need to look for ongoing general efficiencies throughout the fiscal year.
“This will be a challenging fiscal year, we will need to remain committed to continuing our efforts in utilizing innovative approaches to ensure long-term sustainability,” said Christina Denysek, Interim President and CEO. “The health care providers in this region do an exceptional job of making the most of the limited resources available to them while maintaining our focus on providing safe, quality, patient-centred care.”
The health region employs 2,938 people, operates 26 health care sites and serves a population of just over 59,000.
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