Author: Rae Hathaway
|The 2005-2006 fiscal year ended with a 2.7 million dollar deficit for the Central Regional Health Authority.
Chief Financial Officer Ken Klassen acknowledges that's a lot of money, but stresses it's 1.6 per cent of their total funding. He adds they were expecting a 3.4 million dollars deficit.
For the next fiscal year, Klassen sees better times, with a funding increase of 6.4 per cent. It'll mean no shortfall this year.
Klassen notes the RHA is expecting to recover the deficit through small surpluses over the next several years.
He says the Board of Directors made the decision to run a deficit in the face of a lack of provincial funding, in order to maintain their level of service.