FINANCIAL REPORT

FOR THE FISCAL YEAR ENDING JUNE 30, 2022

Last year, Riverbend closed the year with an unanticipated operating margin due to several factors;

•Riverbend worked closely with the MCO’s to attain a 50% MOE forgiveness. This saved Riverbend nearly six hundred thousand dollars.•Riverbend was a recipient of HRSA and CDBG granted funds to help support operations and deferred maintenance in facilities. These funds were one-time funds that amounted to nearly $1.4 million.•Personnel Costs due to open unfilled positions.

The result of these factors was a positive operating margin. The positive results are being heavily reinvested into staff recruitment and retention.