Hospital submits budget as borough wide budget hearings begin
The Petersburg Medical Center submitted a balanced budget to the assembly earlier this month.
The budget for fiscal year 2015 anticipates a net gain of $333,014 after covering $13.5 million in total operating expenses compared to $13.3 million last year.
More than $9 million is budgeted for salaries, wages and employee benefits—an increase of around $229,000 from the year before.
Net patient revenue is anticipated at around $13.7 million compared to $13.5 million last year.
In creating next year’s budget, the PMC Board operated under several assumptions.
It assumed average patient...