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ARPA money puts Greenwood Leflore Hospital in the black for November

Tuesday, December 21, 2021, 7:04 pm News Flash Archive

Christmas came early for the Greenwood Leflore Hospital, with an infusion of $5.45 million in grant money from the America Rescue Plan Act, putting the hospital's November balance sheet in the black for the first time in a long time.

Today, the Greenwood Leflore Hospital Board of Trustees held its regular monthly meeting.

Representatives of HORNE LLC presented the completed financial audit for FY2020-2021.

According to the financial report provided by Mrs. Dawne Holmes, the Hospital had an operating loss of $1.57 million in November.

However, due to receipt of $5.45 million in America Rescue Plan Act (ARPA) funds, the overall profit was $4.06 million for November.

GLH has also received additional ARPA funds of $2.2 million in the month of December.

At the end of November, the usable cash reserves, after netting out the Medicare short term loan which must be paid back, is $13.6 million.

The Board went into executive session and excluded the media and the public for 51 minutes.

The Board of Trustees meeting may be viewed here: GLH Board Meeting, December 21, 2021

John Pittman Hey
The Taxpayers Channel

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