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Health West gives financial briefing; board approves senior millage carryovers and lease extension for No More Sidelines
Summary
Health West's CFO reported year-to-date revenues of about $86 million plus a $14 million capitation settlement (on paper) and $91 million in expenditures; the board approved carryovers of senior millage funds for meal and transportation services and approved a lease amendment extending No More Sidelines' occupancy through Dec. 31, 2023.
Health West's chief financial officer, identified in the meeting as Carlson, presented the organization's August 31 finance sheets and answered questions from commissioners at the Muskegon County Board of Commissioners meeting.
Carlson told the board the organization had about $6.9 million in cash and bank balances and roughly $10 million in total assets; liabilities and equity were noted in the packet at about $90,000. He said net revenues over expenditures were a positive $11 million, with $86 million in revenue recorded through Aug. 31 and an additional $14 million shown…
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