Board of Trustees Report to the Constituencies 1997


Finances

Financial summary	1996	1997
We earned
from service to patients	$885,307,817	$915,114,597
from other operating & non-operating sources of income	43,790,167	102,784,335
Total earnings	$929,097,984	$1,017,898,932
We were not paid
for uncollectible accounts, charity care, & contractual adjustments	484,266,753	526,494,027
We received net revenue from patient care & other sources of income	$444,831,231	$491,404,905
We incurred expenses in rendering patient care & other services
for employee compensation	194,874,827	209,219,916
for professional fees	13,018,706	10,904,579
for supplies	69,181,373	71,049,402
for interest	16,094,793	15,382,473
for depreciation	24,177,485	27,952,412
for bad debts	7,200,000	8,581,241
for other expenses	96,145,760	123,592,392
Total expenses	$420,692,944	$466,682,415
Our earnings before extraordinary loss exceeded expenses by	24,138,287	24,722,490
Our loss on the advanced refunding of debt was	0	0
Our net income (loss) was	$24,138,287	$24,722,490
Funds available for equipment, plant, & property improvement; working capital needs; & repayment of long-term debt	24,138,287	24,722,490
Sources of funds
Services to patients (net of uncollectible accounts, charity care, & contractual adjustments)	401,041,064	388,620,563
Other operating & non-operating sources of income	43,790,167	102,784,335
Net revenue for patient care/other sources of income	$444,831,231	$491,404,898
Uses of funds
Employee compensation	194,874,827	209,219,916
Professional fees	13,018,706	10,904,579
Supplies	69,181,373	71,049,402
Interest	16,094,793	15,382,473
Depreciation	24,177,485	27,952,412
Bad debts	7,200,000	8,581,241
Other expenses	96,145,760	123,592,392
Total expenses	$420,692,944	$466,682,415

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