DHB expects $6.7 million surplus
The formerly cash-strapped MidCentral District Health Board is expected to book a $6.7 million surplus for the past financial year when its annual report is finalised next month.
A draft copy of the report was discussed at a board meeting in Palmerston North yesterday. The financials still need to be audited before the final document is released.
However, little was expected to change in that process.
After the meeting, board chairman Phil Sunderland said the DHB’s performance in the year to June was ‘‘very pleasing’’.
It gave the board more options for reinvestment into its buildings and equipment, he said.
‘‘It allows us to contemplate our capital projects into the future.’’
It’s the continuation of a financial turn-around from the $9m deficit the DHB recorded in the 2009/2010 financial year.
After a range of service cuts, scrutiny of staff levels and a line-by-line review of budgets, the board booked a $9.6m surplus for the 2010/2011 financial year.
DHB chief executive Murray Georgel said the result for the latest financial year ‘‘comes down to the efforts of about 2500 individuals both from within the organisation, but also many health professionals from throughout the district’’.
- © Fairfax NZ News
Do you agree with increased oil exploration?