Finances were the main focus of the CareArc Board of Directors during their monthly meeting Tuesday afternoon.
Finances are in good standing for the health center as the calendar year begins to wind down. In fact, Tuesday’s finance committee report showed a net gain of $19,000 favorable to a budgeted loss of $46,000 for the month of October. Revenues came in at $761,000 with expenses coming in at $742,000.
Year-to-date the health center is “right on track” for revenues and slightly under original estimates for expenses by 5 percent. Year-to-date the health center has a greater than $500,000 net gain.
In other business, the board approved credentialing for a new LPN, approved the contingent of monthly clinical reports and approved the creation of a new sterilization technician for the Dental Health Clinic.
Board members then spent the remainder of the meeting in executive session for financial affairs. Four executive sessions were held for that purpose.
Following those sessions, the board approved a series of market rate adjustments related to staff salaries. The board also approved the health center’s 2023 budget totaling $9.8 million comparable to the last four budgeted years.
The CareArc Board will reconvene on Tuesday, Dec. 27 at noon via Zoom.
