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its appeal that included a third letter from Keswick dated
June 28, 2000. This letter provides the following "current
financial information" that is labeled "FY 2000 Budget"
and "FY 2000 Actual (Projected)":
FY 2000 FY 2000
budget actual (projected)
Gross revenue $841,517 $640,775
Direct program costs 865,682 763,544
Indirect costs 525,693 377,024
Excess of cost over revenue (549,858) (499,793)
Less: charity care (179,478) (54,347)
Net loss (729,336) (554,140)
The letter does not explain the above financial information
except that it notes that "the Charity Care includes the
funding received from the Cuddeback trust." The letter
also states that
Without the Cuddeback Trust fund, many of these
seniors would be placed in a nursing home
prematurely or left at home alone during the day
where they could be at risk of injury, missing
meals and/or medications, and generally feeling
confused and lost. In addition, Cuddeback funds
have been used to assist veterans whose benefits
for medical day care have been exhausted; they
have assisted families in obtaining services
quickly until other funding sources could be
obtained; and the funds have been used as a
supplement to other funding sources when those
funds were not adequate. * * *
In conclusion, without these funds, there
would be a significant reduction in the number of
seniors served at Keswick Adult Day, and this
reduction would affect the overall quality of
services that are currently being provided.
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