Wednesday, 29 November 2023
WhakataneTaurangaRotoruaTaupo
NZ HeraldThe Northern AdvocateThe Northland AgeThe AucklanderWaikato HeraldBay Of Plenty TimesRotorua Daily PostHawke's Bay TodayWhanganui ChronicleThe Stratford PressManawatu GuardianKapiti NewsHorowhenua ChronicleTe Awamutu CourierVivaEat WellOneRoofDRIVEN Car GuideThe CountryPhoto SalesiHeart RadioRestaurant Hub
Voyager 2023 media awards
Subscribe

Advertisement

Advertise with NZME.
Home / Rotorua Daily Post

Lakes DHB projects $2.1m surplus before handing over to Health NZ

Felix Desmarais
By
Felix Desmarais
Local Democracy Reporter
17 May, 2022 03:18 AM3 mins to read
Saveshare

Share this article

facebookcopy linktwitterlinkedinredditemail
Rotorua Hospital. Photo / Felix Desmarais / LDR

Rotorua Hospital. Photo / Felix Desmarais / LDR

LDR_STRAP

"Momentous."

That's how the Lakes District Health Board chairman describes the organisation's projected $2.1 million surplus at financial year-end, the first surplus in eight years.

Reasons for the positive projection included fewer exchanges of patients with other DHBs and changes to the timing of projects. But it also came in spite of higher demand during the year.

The end of May will mark the dissolution of Lakes DHB as it becomes part of the new Health NZ.

Advertisement

Advertise with NZME.

The organisation's financial results were presented to district health board members at its monthly meeting on Friday.

It showed the year-to-date performance at the end of March was a surplus of almost $7.2 million, against a budgeted surplus of $23,000. At the same time last year, the surplus was $1.5m.

The financial year-end budget was for a $2.3m deficit, but a $2.1m surplus was projected.

In the meeting, board chairman Dr Jim Mather said it was a "momentous performance".

Advertisement

Advertise with NZME.

"This is not a primary measure of success but one of many we're expected to achieve, a very positive financial outcome."

Lakes District Health Board chairman Dr Jim Mather. Photo / Andrew Warner
Lakes District Health Board chairman Dr Jim Mather. Photo / Andrew Warner

Member Rees Tapsell asked chief financial officer Alan Mountfort how confident he was of retaining the surplus at year-end, and Mountfort said the organisation was "holding [its] breath".

He said in the final quarter of the year the budget was usually on a "downward trajectory" but that did not appear to be the case this year. A surplus was projected.

"There's still a bit of uncertainty … at this stage, it's our best guess."

Board member Lyall Thurston said the result was "extraordinary".

"It also highlights the fact that come the handover on June 30, this community is handing over two amazingly high-performing hospitals."

Board member Dr Johann Morreau said it was not just a financial but also clinically a "positive situation".

He said the organisation's culture was "positive" and this would "drive the health of the organisation in the future".

The DHB moved a motion thanking staff for their contribution to the financial result.

On Tuesday, Lakes DHB chief executive Nick Saville-Wood said 2014 was the last year the DHB achieved a surplus, but he was hesitant to pop the champagne prematurely.

Advertisement

Advertise with NZME.
Lakes District Health Board chief executive Nick Saville-Wood. Photo / Andrew Warner
Lakes District Health Board chief executive Nick Saville-Wood. Photo / Andrew Warner

"It is very important to note that we are not yet at the full year and there is a risk that we may have adjustments that could negatively impact this still to come through."

He said the year-to-date surplus was impacted by some prior year adjustments, such as a reduction in the exchange of patients to other DHBs – which has funding impacts - and timing on information systems projects.

"Having said this, we have experienced higher acute demand this year than contracted for - no additional funding is provided for this - and despite this we have managed to keep our costs in line with what was budgeted."

The DHB will be disestablished on July 1, along with all 19 other DHBs.

It will merge functions into Health NZ, which will lead the day-to-day running of the country's health system, in partnership with the Māori Health Authority.

Local Democracy Reporting is public interest journalism funded by NZ On Air

Advertisement

Advertise with NZME.
Saveshare

Share this article

facebookcopy linktwitterlinkedinredditemail

Advertisement

Advertise with NZME.

Latest from Rotorua Daily Post

Rotorua Daily Post

'High fire risk': 20 people moved out of lodge that 'dead-bolted' them in at night

28 Nov 04:00 PM
Rotorua Daily Post

Falcon advocate defends bird of prey after attack left woman needing stitches

28 Nov 04:00 PM
Rotorua Daily Post

Rāhui on part of BoP river after death

28 Nov 01:09 AM
Rotorua Daily Post

Film review: Napoleon

27 Nov 11:00 PM

Top toys of 2023 for kids & ‘kidults’

sponsored

Advertisement

Advertise with NZME.

Latest from Rotorua Daily Post

'High fire risk': 20 people moved out of lodge that 'dead-bolted' them in at night

'High fire risk': 20 people moved out of lodge that 'dead-bolted' them in at night

28 Nov 04:00 PM

The council issued the lodge two dangerous building notices within a week.

Falcon advocate defends bird of prey after attack left woman needing stitches

Falcon advocate defends bird of prey after attack left woman needing stitches

28 Nov 04:00 PM
Rāhui on part of BoP river after death

Rāhui on part of BoP river after death

28 Nov 01:09 AM
Film review: Napoleon

Film review: Napoleon

27 Nov 11:00 PM
Toy trends for Christmas
sponsored

Toy trends for Christmas

About UsHelp & SupportContact UsSubscribe to Rotorua Daily PostHouse Rules
Manage Your Print SubscriptionRotorua Daily Post E-EditionAdvertise with NZMEBook Your AdPrivacy Policy
Terms of UseCompetition Terms & ConditionsSubscriptions Terms & Conditions
© Copyright 2023 NZME Publishing Limited
TOP