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DPH reports $99 million projected general-fund surplus for FY16-17; EHR funding advance noted
Summary
DPH CFO Greg Wagner reported a projected $99 million net general-fund surplus for FY16-17 driven by hospital and waiver revenues, a $21.5 million deposit to a management reserve and a plan to transfer up to $25 million to fund the department's electronic health-record project; commissioners discussed reserves and timing for budget planning.
Greg Wagner, DPH chief financial officer, presented a brief summary of the department's fourth-quarter financial report for FY16-17, saying DPH projects a $99 million net general fund surplus for the year driven primarily by hospital patient-service revenues and favorable waiver performance.
Wagner said a $21.5 million deposit was made to the…
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