For public record, the accounting firm of Seim Johnson, LLP released an audit report on Monroe County Hospital, on June 8.
The Health Center's unrestricted operating revenue totaled $29,057,583 for the year ended June 30, 2022, a 19.6% increase from the prior year. Total operating revenue included $27,135,052 in net patient service revenue and $1,922,531 in other operating revenue. Net nonoperating revenues were $6,173,395; which was comprised of $1,624,310 in county tax revenue; $5,007,103 in noncapital grants and contributions, primarily CARES Act Provider Relief and Paycheck Protection Program loan forgiveness; $51,133 in net investment income; and interest expense of $509,151.
Operating expenses for the year totaled $29,318,284, a 14.7% increase from the prior year, and included $14,881,774 for salaries and employee benefits; $6,870,741 for supplies and other expenses; $4,836,758 for purchased services and professional fees; and $1,376,816 for depreciation and amortization.
A copy of the audit report is available for review in the Hospital Administrator's Office, in the Office of the Auditor of State and on the Auditor of State’s web site at https://auditor.iowa.gov/audit-reports.