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Medical care facility reports midyear budget shortfall; MOE request for bond interest expected in October
Summary
The Jackson County medical care facility reported July revenue below budget and expenses above budget, leaving a year-to-date shortfall the facility said could be partly offset by an expected Oct. 1 Medicaid rate increase.
Jackson County’s medical care facility presented July and year-to-date financials at a Human Services Committee meeting, reporting revenue shortfalls and expenses above budget for the period.
A facility representative identified July revenue as $43,883 behind budget and said July expenses exceeded budget by $217,868. The net position for July was behind budget by $261,751. Year to date, the presenter said revenue trailed budget by…
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