July 10, 2006
The Central Regional Health Authority recorded a $2.7 million deficit for the fiscal year 2005-2006.
It ended on March 31st.
Chief Financial Officer Ken Klassen points out the $2.7 million represents 1.6% of their total funding.
He adds the deficit was caused by a lack of provincial funding.
Klassen says they were expecting a $3.4 million deficit.
Looking ahead, the R.H.A. board is predicting a small surplus for this fiscal year.
Klassen admits they'll have to achieve that for several years to recover the deficit.
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