CSB third-quarter report: Medicaid reimbursements narrow projected shortfall
Staff told the committee Federal and State Aid are on target; a previously projected Medicaid shortfall of about $600,000 was reduced by roughly $250,000 in April to an estimated $300,000 shortfall; salary and benefits total $9.97 million, or 69% of the annual budget.
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Bernie Jordan, CSB finance staff, presented the FY26 third-quarter financial report and said Federal and State Aid revenues are on target. He reported that projections in the second quarter showed a potential Medicaid revenue deficit of approximately $600,000, but that a strong April brought in about $250,000 in Medicaid reimbursements, reducing the projected deficit to roughly $300,000.
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