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Period 4 report shows Vernon Manor and Vernon Acres back in the black for 2025, audit still pending
Summary
Finance staff said Vernon Manor and Vernon Acres are showing positive results for 2025 (about $1.1M and $250k in the black respectively) but final 2025 and 2026 numbers are pending audits; committee praised professional management and welcomed new staff.
Staff reported preliminary period-4 financials and said Vernon Manor (long-term care facility) is showing about $1.1 million in the black and Vernon Acres about $250,000 in the black for 2025, reversing prior deficits. The facilities are completing audits and staff said finalized Q4 and first-quarter numbers will be shared once available.
Committee members credited recent management changes and tighter invoice review for improvements. Staff cautioned that audits are still being finalized and that some figures for 2026 remain unknown; the committee agreed to monitor the facilities' progress and receive final audit numbers when available.
