Cypress Health Region finds savings to balance 2016-17 operating budget

Cypress Health Region finds savings to balance 2016-17 operating budget

The Cypress Health Region is implementing various savings initiatives to balance the 2016-17 operating budget.  Board members approved an operating budget of $142.8 million and a capital budget of $14.6 million at a regular Cypress Regional Health Authority meeting, July 21.

Larry Allsen, the chief financial officer and vice president corporate services for Cypress Health, presented budget details during the meeting.

The health region was facing a $4.4 million budget shortfall after receiving its provincial funding allocation.

“So as we went through we were able to find the money that was necessary to balance the budget, although it is tight,” he said after the meeting. “We need to really be vigilant and monitor this throughout the year to make sure that we stay where we say we’re going to be.”…

via SW Sask News – Prairie Post – Prairie Post http://ift.tt/2a5vFhg

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