Board posts surplus

18:44, Mar 26 2014

Marlborough District Health Board's finances continue to look rosier with a $2.9 million surplus after a financially taxing 2013.

Chairwoman Jenny Black told a meeting of the board this week that there was public perception that the board was "squirrelling" money.

The board reported a surplus of nearly $2.9m, up from a planned surplus of around $2m.

Chief executive Chris Fleming said it was a "healthy position to be in". Once there was financial stablility the focus could move to "funding capital projects".

Ms Black said to redevelop buildings and invest in future initiatives, the board needed to have a surplus first.

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The Marlborough Express