Cypress Regional Health Authority Approves 2015-16 Operational and Capital Budgets

Written by Shanna Empey on Thursday, 28 May 2015
cypressregionalhealthauthorityMembers of the Cypress Regional Health Authority

Yesterday, the Cypress Regional Health Authority approved a balanced operational budget as well as a capital equipment budget for the 2015-16 fiscal year.

The Region approved an operational budget of $136.1 million – which is a 1.3 per cent increase over the 2014-15 operational budget, while gaining an operational surplus of $3.858 million from last year.

Now with an approved operating budget for the new year, the Board has also approved a capital budget investment of $2.304 million for equipment, drawing from the operational surplus in conjunction with provincial funding and donations to fund this endeavour.

Chief Financial Officer and Vice President of Corporate Services for Cypress Health, Larry Allsen, says this budget will become the foundation for the region’s efforts to upgrade equipment using a life-cycle approach, by first removing all equipment that is past it’s time.

“You’re clearing that right now, so your next steps on a life-cycling shouldn’t be $2.3 million every year, maybe it’s $300,000 or $400,000, and if you keep up on doing that then your equipment is always refreshed,” he explained. “Then you’ll also start seeing reduced costs in equipment repairs, because your equipment is more up to date and you’re going to have a reduced cost of staff injury because the piece of equipment they are using isn’t broken.”

There are nearly 130 pieces of equipment that have been identified for purchase, and Allsen, says they have three lists in which the pieces of equipment the Region already possesses are categorized by priority.

“We’re addressing the critical ones, but we still have a section called ’emergent’. Those are ones that are starting to get glitchy or that we’re going to have to start looking at replacing it soon. It could be a little screw there that could be fixed pretty easily, but if something has a major fix and it’s in emergent, then all of the sudden it becomes critical,” he said. “We’re still going to have those, but this equipment budget will address the ones that are just limping along.”

Items for purchase include long term care and acute beds, pharmacy medication distribution system, electrocardiograph (ECG) machines, two ambulances, anesthesia machines, floor scrubbers, ice machines, laboratory equipment, defibrillator, ultrasound equipment, among many others.

This is the first time in Cypress Health Region history that the Board has approved a capital equipment budget totalling $2.3 million.

via Local News

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