PMC board approves budget
July 1, 2021
The Petersburg Medical Center Board of Directors approved the hospital's 2022 fiscal year operating budget and capital budget at their meeting on June 24.
The operating budget pairs a $19,740,872 in total operating revenue, with $19,930,780 in total expenses for the 2022 fiscal year. Income is facing a loss in operations of $189,908, but with income from investments, PMC has a positive bottom line of $55,439 for the new fiscal year. Cynthia Brandt, a financial consultant for PMC, called the operating budget a "break even" budget.
Revenue in the operating budget accounts for a 10 percent in...