Estevan Mercury - August 15, 2012

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Minor Football Teams Begin Practice

The five former ECS band students who served as models for the “And the Band Plays On,� silhouette statues located between ECS and Spruce Ridge School were all in Estevan last Friday to participate in the official installation ceremonies on site. From the left: Kailey Guillemin, Cale Little, Adam Shirley, Pierce Stallard and Zoe Gaudry.

August 15, 2012

WEDNESDAY

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A Musical Legacy

Simple Plan Rocks Spectra Place

www.estevanmercury.ca Issue 15

Local Goalies Get Additional Training

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Trail Ride Makes Return

Health services story by the numbers by Norm Park of The Mercury It takes a lot of money to run a regional health care system. In the case of local Sun Country Regional Health Authority, an additional cost of about $10 million a year. Information contained in the Sun Country annual reports over the years reveals the fact that everything from governance to administrative pay, contracted services, equipment and supplies increase exponentially, making it almost mandatory to add at least $10 million into the local health care money pot each and every year

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It’s Affinity. The board of directors of Spectra Credit Union has passed a motion to move forward with a recommendation to their members to merge with Affinity Credit Union which is headquartered in Saskatoon but has a strong presence throughout the province. The board has been considering the move for about two years and has been contemplating the more specific options to join hands with a major credit union with provincial scope since January of this year. The merger was seen to be necessary since Spectra was realizing a very strong

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Marga Cugnet barring any extraordinary circumstances. When the local health region posted its first annual report in 2002-03, the annual budget rested in the $80 million range and rose by about $9 million the next fiscal year. The 2011-12 report indicates Sun Coun-

try’s financial needs now eat up approximately $140 million to supply healthcare services to its nearly 57,000 residents. The 2,400 employees of Sun Country work from a total of 28 facilities including two district hospitals, nine health centres, three community hospitals and seven long term care facilities among others. Wages absorb nearly 80 per cent of the total budget in this services-oriented business where patients become clients and employees take on the role of service providers on a daily basis. Out of the $140 million that it will take to run Sun Country through to

the end of this year, $124 million will come from the Ministry of Health’s general revenues and another $1.8 million will be realized through other provincial sources while $11 million will come through fees paid by patients. Lesser amounts come through donations made directly to the health region, out-of-province and out-of-country fees, investment, et al. On the expense side, the bulk of the money, as expected, is spent on inpatient and resident care, which takes up over $66 million while compensation for physicians gobbles up another $9 million and community health services

(primary, mental and home health care) nearly $25 million. Support services requires about $31 million. The entire system is bolstered by friends of the health region who provide donations to a group of supporting foundations and trust funds. Those funds are kept separate from the general operations and their revenue and expense streams since they are usually aimed in support of specific facilities or programs and are accounted for under separate financial regimes. As noted in another article that appears elsewhere in this edition of The Mercury, Sun Country ⇢ A2

Spectra board feels Affinity is best merger partnership by Norm Park of The Mercury

WEATHER & INDEX

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growth pattern that required supporting profits and a larger asset base. Affinity will supply that base with it’s capabilities of doing deals in the $50 to $70 million range. It’s current asset base is around $2.8 billion and by eventually adding the $708 million in Spectra assets, the Affinity strength will be just that much more capable, said George Keter, chief executive officer for Affinity who spoke with The Mercury Tuesday morning. Wayne Amos, presi-

dent of the Spectra board of directors, said that “while Spectra is financially strong, the directors recognizes market pressures to stay competitive in an increasingly sophisticated and regulated industry. A merger with Affinity Credit Union will provide our members with continued competitiveness, excellent local service and community support and strong governance structure.� In fact, it was Affinity’s governance structure that appeared to impress

the local board as they contemplated a merger situation with either Affinity or Regina-based Conexus Credit Union. Scott Flavel, president of Affinity’s board, said that both CUs carried strong values and commitment to communities that they served and so that together, they would be stronger. With the proposed merger, Affinity will be able to add Spectra’s 10 branches to its current 44 branch count and provide a presence in southeast Saskatchewan, one area that Keter said Affinity had not been a major player. As a result, the proposed amalgamation will not see any job losses as the due diligence process moves forward.

“No one loses jobs or will be forced to relocate. That’s a core principle we adhere to. We walk the walk,â€? said Keter in response to a question concerning a possible transition. As far as names are concerned, both Keter and Spectra’s CEO Tim Schroh are speculating that the southeast branches will eventually be affixed with Affinity monikers. As far as timing of the proposed mergers is concerned, both CEOs felt that early to mid-2013 could signal the right time to make the final moves. “Spectra has expertise that they bring to the table that puts them in the lead in some areas. We’re anxious to be able to share ⇢ A2

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