 | Board of Visitors minutes January 23, 1998 |  |
AMENDMENT TO 1997-98 MEDICAL CENTER OPERATING BUDGET
The following resolution was adopted:
- WHEREAS, the Medical Center budget plan for 1998 anticipated the potential need to revise the budget after the beginning of the fiscal year; and
- WHEREAS, the operating results through the first six months of the fiscal year have presented opportunities for financial performance over the original budget; and
- WHEREAS, the Medical Center recommends adjustments in the budget to reflect expected improved revenues and additional expenditures to support operations, and the Health Affairs Committee and the Finance Committee of the Board of Visitors have heard and recommend approval of the proposed amendment;
- RESOLVED that the Board of Visitors approves the Medical Center's 1998 Budget according to the following amendment.
| Description | Operating Revenue. (a) | Non-oper. Gain (Loss) | Total Margin | |||
| Original Budget | $440.5 | $418.3 | $22.2 | $3.0 | $25.2 | |
| Expected Revenue Increases | $12.5 | |||||
| New Programs | $1.3 | |||||
| Volume Related Exp.(w/o Medical Supplies) | $1.5 | |||||
| Medical Supplies | $4.0 | |||||
| Bad Debt | $0.5 | |||||
| Depreciation & Amortization | $0.7 | |||||
| Interest Revenue | $2.0 | |||||
| QualChoice non-operating losses | -$4.7 | |||||
| Amended Budget | $453.0 | $426.3 | $26.7 | $0.3 | $27.0 |
- (a) Includes $30.3 in depreciation and amortization.
| Board of Visitors minutes January 23, 1998 | |