JCHC Construction, Budget Updates

JCHC Construction, Budget Updates

The Johnson County Healthcare Center's construction project is on schedule for the most part, and still projected to finish under budget, according to Hospital Administrator Sandy Ward.

Ward updated the Hospital Board on the project and the budget at the last meeting late last month.

Ward reported that so far the hospital has spent nearly $10 million on the construction projects -- still under the $12 million projected for the project -- with roughly six months left of construction, and nearly $100,000 left in the contingency fund.

He believes the final costs will be right at the projected $12 million as long as there are no surprises in this final phase.

Ward said there are remaining expenses on the final phase including furniture and phone systems, but he doesn't expect any issues there.

The re-budget for the quarter showed a $1.3 million profit so far, with revenue $500,000 higher than projected, and expenses at $213,000. According to his projections, he expects to see an overall increase in revenue, a decrease in expenses and a projected year-end profit of $3.3 million.

Figures are re-budgeted every quarter and usually change.
The board is scheduled for another meeting Wednesday, December 28th.

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