Financial and Performance

 

The Red Lake Margaret Cochenour Memorial Hospital is committed to operating and managing public funds with fiscal responsibility and to providing the highest standards of care at the best value.

 

We publicly post our service agreements, executive travel expenses and compensation, voluntary Board member's business-related expenses, audited financial statements and our performance scorecards to keep our commitment to accountability and comply with legislative requirements set by the Broader Public Sector Accountability Act.

 

The following documents are available to the public and can be viewed, downloaded or printed:


 

 

Hospital Funding in Ontario - A Quick Overview



The main source of hospital funding is government funding, which flows from the Ministry of Health and Long-Term Care to the Local Health Integration Networks. The LHIN's are responsible for planning health services and overseeing the integration and coordination of local health services to make it easier for clients/patients to access the care they need. Red Lake is located within the Northwest Health LHIN 14.


Provincial funding covers approximately 75% of the operating costs for hospitals. Other sources of revenue include revenue-generating activities, other government sources (e.g. Federal funding, inter-provincial healthcare, WSIB and private, etc.), grants and charitable donations.


 

 

 

 


Resource Library:

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application/pdf

Balanced Budget Waiver 2023-2024

Resource added on 2023-05-10 to Service Agreements
application/pdf

BPSAA, Attestation Form 21-22

Resource added on 2023-01-03 to Performance Reporting
application/pdf

BPSAA, Report on Consultant Use, April 2017

Resource added on 2018-11-08 to Service Agreements
application/pdf

Broader Public Sector Accountability Act (BPSAA) 23-24

Resource added on 2024-08-13 to Hospital Audited Financial Statements
application/pdf

Broader Public Sector Perquisites Directive, 2022

Resource added on 2018-11-08 to Expense Reports & Related Policies
application/pdf

Declaration of Compliance- HSAA 21-22

Resource added on 2023-01-03 to Performance Reporting
application/pdf

Declaration of Compliance- MSAA 21-22

Resource added on 2023-01-03 to Performance Reporting
application/pdf

Financial Statements 2018-2019

Audited Financial Statements 2018-2019
Resource added on 2019-10-04 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2019 -2020

Audited Financial Stms 2019-2020
Resource added on 2020-09-11 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2020-2021

Resource added on 2021-07-29 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2021-2022

Resource added on 2022-08-15 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2022-2023

Resource added on 2023-10-05 to Hospital Audited Financial Statements
application/pdf

Financial Statements 2023-2024

Resource added on 2024-06-11 to Hospital Audited Financial Statements
application/pdf

HSAA 23-24

Resource added on 2024-08-13 to Hospital Audited Financial Statements
application/pdf

HSAA, Extension 2022-2023

Resource added on 2018-11-08 to Service Agreements
application/pdf

MSAA, Extension - 2023-2024

Resource added on 2023-05-10 to Service Agreements
application/pdf

MSAA, Extension 2022-2023

Resource added on 2018-11-08 to Service Agreements
application/pdf

Scorecard 20-21

Resource added on 2021-06-14 to Performance Reporting
application/pdf

Travel, Meal and Hospitality Expenses 2020-2021

Resource added on 2022-06-22 to Expense Reports & Related Policies
application/pdf

Travel, Meal and Hospitality Expenses 2021-2022

Resource added on 2022-06-22 to Expense Reports & Related Policies
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