Loading...
HomeMy WebLinkAboutThe Lucknow Sentinel, 1987-04-01, Page 3Lucknow Sentinel, Wednesday, April 1, 1987—Page 3 Anticipating ssurplus of25O,OOO at yea.r It appears likely the Wingham and District Hospital will end its current fiscal year with an anticipated surplus of at least $250,000, members of the hospital's board of governors were told last week. News of the anticipated surplus was disclosed by Robert Pike, finance and audit committee chairman, during presen- tation of his report to the board's March meeting. Mr. Pike told the meeting a number of factors have contributed to what has prov- ed to be a complete turnaround from the board expections' of a year ago when it ap- proved the current budget. At that time, the board had prepared itself for the possibility of facing a fairly substantial deficit at the end of its fiscal year. At the end of February, 1986, the hospital's financial statement showed a surplus of $275,000, but this figure reflects a short -month situation where monthly ex- penses were slightly lower than normal because of fewer days in the month. However, Mr. Pike said that by the March 31 end of this fiscal year, the anticipated surplus should still be at least $250,000. Of the factors contributing to the surplus situation, some were beyond the control of the board, while others were the result of discretionary action taken by the, gover- nors throughout the year. Among the contributing items listed by Mr. Pike are: --Increased revenue from a $150,000 government grant for increased activity. Although the hospital had been hopeful in applying for this grant, its award was not taken for granted, he said. –Increased interest on hospital accounts as the result of working from a surplus position rather than a deficit. Draw winners announced. LUCKNOW Winners of the draws sponsored by the Lucknow Skating Club were: First Prize -. a tied quilt - Sharon Dawson; Second prize - a gift certificate to Robindales - George Anderson; Third Prize - a cheese basket (donated by Sharon Pettiplace) - Scott Faber. Gloria Murray was the lucky winner of the bicycle sponsored by the Mothers' Aux- iliary to Minor Sports. We express sympathy to the family of the late Harold Fowler who passed away last Tuesday. Sharon Passmore of Barrie visited over the weekend with Brenda Lippert. Sharon's daughter Stephanie visited with her father Rick and, his wife Mary. Pat Good and girls of Goderich visited at the home of her mother on Saturday. Pat and Ernie Good and girls of Goderich visited on Sunday at the home of Bob Purves. Also visiting at the same home on Thursday evening was Albert Philips of Teeswater. Ken and Joy Houston and girls of Pike Lake visited over the weekend with Elsie Houston, Jean Hughes, and Edna and Ron Alton. Trend Setters visit garage By Rob Ireland The sixth meeting of the Trinity Trend Setters was held at Suzanne Andrew' place on March 17. The attendance and the rollcall were taken up with six members and two leaders present. The secretary read the minutes of the last meeting. The members then talked about what methods of transportation they can use. They later visited the Ashfield Service Centre. Al Tillson showed the members the parts of the ear and how to change a tire. He later showed them how to fix a bike by removing the spokes, changing the tire and tightening the chain. The members thanked Al and Tony for taking the time to show everyone how to fix a car and bike. –Increased donations. In addition, a number of expenditures were lower than anticipated to also enhance the surplus. Savings generated by these items include: – $60,000 when actual costs for new con- trast media used by radiology department came in at less than the amount budgeted. – $30,000 as the result of actual legal fees being less than budgeted. – $35,000 from utility payments lower than anticipated. –$20,000 from a decrease in staff travel and training. –$15,000 from a decrease in travel expen- ditures by members of the board of governors. –$20,000 as the result of lesser than an- ticipated impact from the change in drug legislation. Mr. Pike also pointed to the board's ac- within our hospital," he said. tion early in the fiscal year to more effi- ciently assign patients' beds as another Early in the fiscal year when it appeared contributor. the hospital was facing a deficit and in an "Our paid hours per equivalent patient effort to keep operating costs down, the day are certainly lower than last year, board gave "unofficial" approval to a dif- which is a good indicator of the efficiency ferent procedure for assigning beds. Hospital plans �ne-day workshop Teeswater hotel from 9 a.m. to 3 p.m. on Members of the Wingham and District Hospital's board of governors will par- that date. ticipate in a one -day workshop on Satur- day, April 25. Preliminary information on the workshop was included in the report of the public relations committee to the March meeting of the board. Shirley Garniss, committee chairman, said the workshop is to be held at a The workshop will also be attended by the consultants currently conducting a role study for the hospital and Mrs. Garniss said the one -day event will provide board members with a final opportunity to voice concerns, ask questions and provide input to that document. 111111/BIL c INIOT c MARTEN'S FURNITURE (EXETER) Has Retained FEDERAL CLOSE-OUT LIQUIDATORS INC. to Co -Ordinate The Complete and Total LIQUIDATION of Marten's Entire EXETER Showroom LEASE HAS EXP.1RED! Brand name living room suites, bedroom suites, dining room suites, mattresses and box springs, occasional chairs, dinet- tes, wall units, lamps, pictures, accessories, including office furniture and fixtures 5180,000 Furniture Inventory (Supplemented) TERMS OF SALE: Cash, cheque, VISA, Mastercard, on the spot credit Delivery available. Everything is disposal priced, but is strictly being offered on a 1st come, 1st serve basis. LIQU1DATION SALE HOURS: DAILY NOON m 9 P.M. 63 MAIN ST. EXETER PHONE: 235-1964 SALE CONDUCTED AT MARTEN'S FURNITURE EXETER, ONLY