SNYDER – The Scurry County Hospital District’s board learned Cogdell Memorial Hospital’s 2021 budget reflects a deficit of about $3.87 million deficit when they met Wednesday morning.
The hospital’s total budgeted revenues for 2021 are $36,510,655, while total operating expenses are budgeted at $41,972,594 and total nonoperating factors are budgeted at a $1,593,281 surplus, for a net loss of $3,868,658.
“If you look, (the deficit) ties basically to depreciation,” said Chief Financial Officer John Everett. “The other thing is, if you look at our ad valorem taxes in here, they’re down. We going to budget those from the sample of what we ...