The Sunrise Regional Health Authority has approved a balanced operating budget for the 2016-17 fiscal year.
The budget consists of revenues totaling $225,224,837 and total budgeted operating expenditures of $223,162,488 with $2,062,349 held for replacement reserves and repayment of mortgages and loans, said a release from Sunrise.
聽聽聽聽聽聽聽聽聽聽聽 Of the health region鈥檚 total operating revenue, 90 per cent is provincially funded, the release said. 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 net increase in funding compared to last year鈥檚 base funding of $5.193 million or 2.7 per cent, which includes increases for salaries and benefits and primary care funding transferred to base. The provincial funding comes with the expectation that the region achieve efficiencies and funding recoveries with service adjustments and reviewing service delivery.
To arrive at a balanced budget in 2016-17, the health region will reduce non-salary expenditures, adjust revenue, utilize deferred funding and will not allocate inflationary funding, it said. Compensation expenditures will be managed by continuing with reductions in attendance targets, vacancy management, and straight time scheduling optimization.
聽聽聽聽聽聽聽聽聽聽聽 A commitment of $718,000 to reduce administrative expenses and reallocate to long-term care will occur in keeping with the direction of the provincial budget commitment to reduce administration expenses by $7.5 million province-wide. The reallocation of funds to long term care will be based on business cases received and staffing guidelines.
鈥淲e will continue our efforts this fiscal year in utilizing innovative approaches to ensure long-term sustainability,鈥� said Suann Laurent, President and CEO. 鈥淭he health care providers in this region will continue to do an exceptional job of making the most of the limited resources available to them while maintaining our focus on providing quality, patient-centred
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聽聽聽聽聽聽聽聽聽聽聽 The health region employs 2,961 people, operates 26 health care sites and serves a population of 59,000.
