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Alva Hospital Authority approves FY 2026 operating and capital budget
Summary
The Alva Hospital Authority approved a FY 2026 operating and capital budget that projects modest net income and includes planned capital outlays financed in part by additional debt and expected cost-report reimbursements.
The Alva Hospital Authority on a unanimous vote approved its fiscal year 2026 operating and capital budget, a plan that officials said is balanced and conservatively projects a $5,476 net income for the hospital and an $8,527 net income for the Homestead long‑term care facility.
The budget passed after a motion by Dr. Brown and a second by Mr. Bowman; the roll call vote recorded six trustees in favor (Bowman, Burke, Mossberg, Brown, Hannaford, Martin). Kelly (Chief Financial Officer) presented the budget and highlighted revenue and expense assumptions and capital priorities.
Kelly told trustees the FY26 packet was prepared after meetings with department heads and the finance committee…
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