Lucas County Health Center CEO Brian Sims gave the financial report for August in place of LCHC Financial Management Manager George Esper, who was absent, at the Sept. 24 Hospital Board meeting.
Sims reported that for August, LCHC had a positive net income or bottom line of $256,547, which is $281,000 above the budgeted number of -$25,244. It’s also above the bottom line of $136,959 for August 2018.
For the year to date, LCHC also had a positive bottom line of $138,352, which is $176,000 above the budgeted amount of -$38,896. It’s slightly above the bottom line of $136,263 for the year to date in August 2018.
“We’re definitely off to a good start for the 2019-20 fiscal year,” Sims told the board during the financial report. He also said that health care in rural Iowa will have its up and down points.
Sims reported that LCHC’s net operating income for August was very good at $91,494. This is $238,000 above budget and also well above the net operating loss LCHC had of -$255,238 in July.
Read the October 3, 2019 edition of the Chariton Herald-Patriot for the rest of the story.