Bi4 - Sunday, September 4, 1983 - North Shore News

“If we are going to live longer we must take the responsibility for
protecting the quality of our life by maintaining a lifestyle that is

* Fi from
less prone to chronic disorders resulting from alcohol, smoking, steel reported on by our te¢ uditors
obesity and neglect.” MacGillivray and Co Full audited statements are

John Borthwick available for inspection during normal business
LGH Administrator

hours

SUMMARY OF OPERATIONS
FOR THE YEAR ENDED MARCH 31, 1983

REVENUE 1983 1982
Provincial plan and other (Restated)
inpatients earnings $ 42,065,157 $ 38,422,663
Provincial plan and other
outpatient earnings 3,677 ,632 3,074,251
Other operating revenue
Laundry referred services 891,446 968,208
Pay cafeteria . 428,363 534,189
Sundry 200,068 169,681
TOTAL REVENUE 47 262,666 43,168,992
Peter White EXPENDITURE
President Direct patient care 28,588,234 27,503,557
Dietary department 3,205,139 3,384,540
. 3 ling and linen 148, 158,
President’s Report 1 - Housekeeping 1,883,077 1,935,801
Pp 982 83 ’ Physical plant operation 2,150,034 2,297,852
Ing that the past year has difficult Administration, general and unallocated 7,794,904 7,088,100
There is no denying year been a difficul oom differential tran ; 145,
| Polat Bowseied enepelny.t meters Satnmmeninernenaes | —
hich Jard of healtt ; TOTAL EXPENDITURE 45,529,701 43,992,755
We operated for Seen burke of the fiscal year jaiae EXCESS OF REVENUE OVER EXPENDITURE
we received our opera budget from Ministry o
Health, a situation which makes planning for efficient opera- (EXPENDITURE OVER REVENUE) — $1,732,965 $__(823,763)
tion of the hospital very difficult. The reduction in funds,

beds and staff has added to our long waiting list for elective
surgery.. Fhis increases the proportion of acutely ill inpa-
tients, which in tum, imposes a heavy workload on our nurs-

SUMMARY OF FINANCIAL POSITION AS OF MARCH 31.1983

1983 1982
ing staff. ; ASSETS (Restated)
The hospital recently weathered an illegal 10-day strike. Cash and investments
‘We were fortunate that the efforts of staff and volunteers Revenue funds $ 2,790,585 $ 24,464
enabled us to continue to provide care for our patients. The Plant funds 1,476,128 * "681,147
frustration. of operating for almost two years without a con- Endowment funds 303,398 280,700
tract between the Hospital Employees Union and _ the B.C. Hospital Programs accounts 4
Hospital Labour Relations Association has been a strain on receivable, less advances 15,003 351,133
everyone. Although the work stoppage was settled, contract Other patients accounts receivable 986,005 849,738
negotiations . are still unresolved. It has been a very Capital grants receivable - equipment 408,018 434,571
frustrating situation for management and employees alike. In Construction grants pending 731,729 576,600
spite of these problems, visitors and patients report the im- Sundry accounts receivable 233,922 441,807
pression of a congenial and professional atmosphere in the Supplies - inventories 698,078 681,867
hospital. This is a tribute to the skill and dedication of all the Prepaid expenses 112,320 57,735
staff and a source of pride for our North Shore community. Deposit on purchase of equipment 22,509 289,729
The difficulties of the past year have been balanced by Property held for development 951,028 1,027,829
some Satisfying successes. ‘The hospital's CT Scanner began Construction in progress 1,958,441 4,075,895
‘operation in November providing North Shore patients with Land, buildings and equipment 33,819,066 28,793,395
We are embarking on the first phase of a sophisticated ee foe anaes tect oot
computer program that will increase our efficiency in keeping
records and will eventually provide direct and immediate ; : -QUITY
transfer of vital information between areas of the hospital LIABILITIES AND EQU
such as the laboratory and nursing stations. Accounts payable and accrued $5,112,778 $ 4,419,409
Our Surgical Day Care and Medical Day Programs con
tinue to play a major role in our ability to maintain a high Capital grants received tn advance 15,006 67,297
level of health care services. LGH was a pioneer in this field
of ambulatory care which is becoming increasingly important Equity
t North America as hospitals search for more effi Revenue funds igeficency) 438,342 (1,294,623)
cient and economic ways of providing services. Plant funds 38,522,467 35,093,827
The 125-bed extension to Evergreen House Extended Appropriated eaten Kin 114,239 —
Care Unit should be ready for patients early in the new year Endowment funds , 303,398 280.700
Health care for the elderly ts a subject that will command a , Toe See
great deal of our efforts attention in the years to come
The North Shore has a high proportion of elderly residents 2.44,506,230 238,566,610
More than 10% of our population ts over 65 years of age, an EM ee bohe bOR TIP PARE NDED MARE Ee g) Lom 4
increase of 49% tn the past 10 years. We must explore a
range of health care delivery -- including home care and ; ; 1983 1982
medical day programs as well as extended care to cope FUNDS PROVIDED BY (Restated)
with this situation. addres Operations revenue fund $ 1,732,965 $ (823,763)
Al ’ * ’
= hip role this year in iri the pro Operations plant fund 4,605,063 4,398,281
Operations endowment fund 22,698 (54,508)
, Appropniated equipment fund — 114,239 ——
Clark, has been very successful tn bringing together
representatives of community groups already playing an ac 6,474,965 _ 3,520,010
tive Part in confronting the problem of unwanted pregnan FUNDS APPLIED TO
Acquisition of land, buildings
and equipment (net) 1,621,436 671,244
Service Executives, a national association of sentor Construction costs ___ 2,383,080 3,436,451
executive personnel from hospitals and related health care
agencies across Canada. — 4,004,516 4,107,695
And, as always when we look back over a year at LGH, —
the dedication and support of the Aundliary stands out as a
high t. Volunteers provided services for patients INCREASE (DECREASE) IN FUNDS DURING THE YEAR 2,470,449 (587,685)
the hospital as well as raising much needed . ,
funds. This , the Auxiliary donated 51,759 hours of ser FUNDS BEGINNING OF YEAR 154 617 742 302
vice and $7 563 for equipment. It ts impossible to tmagine moe mo eee
LGH without them. , - : or
1 would Ike to thank John Borthwick and the staff and at | /UNDS END OF YEAR xan 21025,006 3.154.617
our Board members for their continuing dedication to and ef

NOTE — Funds ts defined as those assets ee convertible to cash less

accounts payable and accrued and BC Hospital Programs ad
vances

forts on behalf of Lions Gate Hospital and the communtty tt