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Homestead facility posts small gains; trustees approve FY26 homestead budget
Summary
Trustees reviewed March and April financials for the Homestead facility, noted improved census and incremental net income, and approved a conservative FY26 operating budget projecting $8,527 net income.
The Homestead long‑term care facility reported modest positive results for March and April and trustees approved a FY26 operating budget that projects an $8,527 net income.
Kelly reported March revenue of $86,906 against expenses of $73,217, producing a monthly net income of $13,689. Adding April’s near‑$5,000 net income, year‑to‑date net income rose to about $74,000, improved from roughly $41,000 the prior year. Kelly credited on‑site management and maintenance work for improved resident feedback and a rising census.
Nut graf: The Homestead budget mirrors the hospital’s priorities—addressing compensation and maintaining occupancy assumptions based on the most recent six months—and projects stable, modest net income for the coming fiscal year.
Trustees motioned and approved the FY26 Homestead operating budget on a roll call with all trustees voting yes.
Ending: The board thanked facility staff for resident care improvements and noted routine monthly reporting would continue.
