Year-in-Review-2021-22 - Flipbook - Page 126
Financial Snapshot
In 2021-22 Sydney Local Health District spent
$2.6 billion providing healthcare to the people
of NSW and came in on budget.
A total of $1.42 billion was staff-related expenses
and a further $65 million went towards Visiting
Medical Officers (VMOs).
growing population, continued advances in
medical technology and increasing complexity
in patient conditions.
Other operating expenses was $984 million,
including medical and surgical consumables,
drugs, repairs and maintenance on our facilities,
and services provided to our residents by other
NSW health services.
The District is committed to maintaining open
and transparent financial practices by holding an
Annual Budget Roadshow where we present the
latest financial and operational data to staff and
the community.
Our own-source revenue included $72 million
from patient fees and $303 million from other
revenue sources.
The Board will continue to monitor our financial
performance and position throughout the 2022–23
financial year.
We continue to deliver and manage our health
services within our budget in spite of the
challenges due to the impact of COVID-19,
Actual expenses
$
%
Employee Related
$1,419,327,000
54.6%
Other operating
$984,387,000
38%
VMOs
$64,719,000
2.5%
Depreciation
$77,244,000
3%
Grants and Subsidies
$32,338,000
1.2%
Third Schedule Hospitals
$15,033,000
0.6%
Other services
$536,000
0.1%
Total expense
$2,593,584,000
100.0%
$
%
$72,470,000
19.3%
Other revenue
$302,520,000
80.7%
Total revenue
$374,990,000
100.0%
Actual revenue
Patient fees
Source: Sydney Local Health District Annual Financial Statements for the year ended 30 June 2022
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Sydney Local Health District
