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Audit shows progress but two material weaknesses remain; board approves March financials
Summary
The board approved March financial statements and heard that two material weaknesses in internal controls remain after remediation steps; staff described an accounting infrastructure reset and steps to eliminate remaining issues before the next audit.
The Hospital Authority Board voted to approve March financial statements and received an audit update showing progress but two lingering material weaknesses in internal controls.
Finance presenters said March revenue was approximately $2.6 million over budget driven by outpatient volume, with outpatient revenue exceeding budget by about $3.7 million while inpatient revenue was down roughly $1.0 million.…
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