![]() Those one-time expenses are the fundamental culprit, although the unexpected pension cost pushed the loss to a level that looked more alarming. ![]() Both estimates include $6 million in one-time expenses. Before the transfer to the pension fund, officials forecast a loss of $2.3 million. The Alliance now expects to lose $4.3 million on health care operations in 2020. The city has budgeted $18.5 million in OT for the year.Cambridge Health Alliance’s spending for the next fiscal year includes a surprise $2.7 million in pension funds but also the cost of adding the equivalent of 57 full-time positions in doctors and other clinicians. (Photo: Marc Levy)Ĭambridge Health Alliance will lose more money than it anticipated in the next year because the health care system unexpectedly needed to add $2.7 million to the city’s pension fund just a few weeks before the fiscal year started July 1.Ĭhief financial officer Jill Batty gave the bad news to Alliance trustees on the finance committee June 27 as the panel discussed the proposed budget for fiscal year 2020. Diane Deans have asked for a review of the city’s long-term care facilities in the wake of a provincial safety order.Īcross the entire corporation, OT budgets were collectively 75 per cent spent by June 30. The city says the long-term care compensation expenses are largely because of sick leave. The division has an overtime budget of $105,000 for the entire year. Long-term care facilities together racked up an overtime bill of $111,000 by the end of June 30. In other departments, there are different reasons for elevated OT costs. The small $7,000 overtime budget for the security and emergency management branch hit $32,000 in spending at mid-year. The road services branch spent $5.8 million on overtime at the halfway mark of the year, but its full-year OT budget is $4.7 million. ![]() Some of them can be chalked up to weather, such as the snowstorms and spring flooding. While compensation costs are relatively on target for the year, the financial update reveals overtime challenges for some departments. This advertisement has not loaded yet, but your article continues below. Chances are good there will be more snow to clear later this year. Land sales brought millions into the city’s coffers by the end of June, helping the tax-supported budget’s first-half results.īut the forecast for the next half of the year takes into account a $17-million deficit in the tax-supported budget because of lower land assessments, land assessment appeals and tax rebates.Īnd then there’s the running roads budget deficit tied to winter maintenance. In fact, the city was in a surplus position of $14.5 million on the tax-supported side and only $1.7 million in the hole on the rate budget. The budget results for the first half of 2017 were rosy. On top of that, the city pegged the cost to the spring flooding at $2 million. The tax budget is weighed down by overspending on snow clearing. The wet spring and start of summer meant property owners didn’t need to use as much water, a trend that continued into the second half of 2017.Īccordingly, the city is managing expectations on the rate budget with an eye to using a healthy reserve built up in 2016. The 2017 budget outlook as of June 30 was published Tuesday. Manage Print Subscription / Tax Receipt. ![]() National Capital Region's Top Employers. ![]()
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