Treasurer’s Financial Snapshot from July 31, 2024 Board Meeting

​The RCMS Board is committed to increasing transparency and communication with the community. Each month we will share a financial snapshot. Complete financial reports are available on our webpage via the link at the end of this post.
 
RCMS Treasurer’s Financial Snapshot by Drew McCalley.

We finished our fiscal year on June 30 in very good financial condition. Cash reserves are strong, and our key financial ratios are excellent and stable.  On the profit-and-loss side, our bottom line is (temporarily) negative, pending some year-end adjustments that are expected to turn it positive.  Patient revenue was over budget for the year, and expenses were under budget, both positive results.  We enter the new fiscal year with optimism.

Details on the latest financial results can be found in the board meeting packet for July 31, 2024, on the RCMS website: Click Here