Winneshiek Medical Center projects a $1.6 million operating gain for 2014-2015

The Board of Trustees of the Winneshiek Medical Center has approved a 2014-2015 budget that calls for the hospital to have an operating gain of $1.6 million next year--or a 3.09 percent margin of revenues over expenses.

Chief Financial Office Lynn Luloff says the goal will be "a challenge," but she notes the hospital during the last five years has performed well every year except 2012.  Said Luloff, "Our balance sheet has gotten stronger in the past few years."

Under the budget, hospital revenues would increase 6.6 percent, with just under half of that increase (45%) coming from doing more business and just a little over half (55%) coming from price increases that will average 5 percent).

While revenues are projected to increase, expenses will also go up--by a projected 5.7 percent.

One figure that will not be increased is the county tax levy for the hospital.  That will remain at $0.44136 per $1,000 of assessed valuation, which will produce $481,629 in county taxpayer support of the hospital.