HHC reports loss of state HCI appropriation; finance staff project multi‑million fund‑balance decrease

Health and Hospital Corporation interim CFO James Simpson told trustees that HHC’s May financial statements reflect the loss of an HCI (state) appropriation for 2025. Simpson said the corporation received a single payment of about $9.5 million in April but will not receive additional payments that would have brought the total to approximately $38 million. He reported a year-to-date decrease in fund balance of about $7.4 million through May 31 and projected a year-end fund-balance decrease of about $25.7 million (he noted an alternate projection of about $28.5 million when factoring certain payments).