The Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting.

According to the financial report given by Mrs. Dawne Holmes, the Hospital had an overall loss of $957,114 in May.

For the first eight months of the fiscal year, the overall loss totals $7.31 million, even after including grants and gifts from the city and county totaling just over $4 million.

Total revenue was $5.01 million, while costs were $5.97 million. Cost per day has trended down slightly for the past 3 months.

At the end of May, the cash and equivalents were $3.28 million. Of the cash left, $2.10 million cannot be touched legally because it is in trust to cover the malpractice insurance. That would mean that in reality, at the end of May, there was $1.18 million in cash on hand available to spend.

As of the end of May, the hospital still owes Medicare $4.89 million. The Medicare loan is being paid down at around $100,000 per month.

Mrs. Holmes provided an brief update on the FEMA grant requests. One of the requests was amended and resubmitted.

The board then went into executive session, with the public and the press excluded for 22 minutes.