Hospital posts positive month; auditors due in September and grant awards pending final budgets

Finance director Jason (S7) presented month‑to‑date and year‑to‑date financials showing strong patient volumes and revenue performance for the period, while staff noted pending grant budgeting and an upcoming audit window.

Jason reported clinic visits of 778 for the month, imaging up substantially (357 vs. 253), and gross revenue of about $3,000,386 compared with a $3,000,000 budget; net revenues were roughly $2.7 million. He said operating margin stood at about 6.5 percent and cash on hand was approximately 118 days. Jason also explained the audit timeline: staff are uploading requested materials, field audit work is expected in mid‑September, and a formal report is likely in November or December. Grants staff (S2) and executive (S6) said notices of award for RHTP and other grant projects have arrived but final budget approvals and grant agreements from the state are still outstanding, which prevents hiring and purchase activity until executed agreements are returned.

“I'll just kind of wrap up with some of our statistics here,” Jason said, describing revenues and operational metrics. The board discussed the timing of audit field work and asked staff to ensure grant‑agreement approvals proceed so funds can be spent within the fiscal year.