PORT ANGELES — Olympic Medical Center has found much of the $1 million it wants to cut from its 2008 budget and bring its operating margin back into the black.
Most of the money — $625,254 — would come from freezing vacant jobs.
The remainder — $331,556 — would come from savings on supplies.
The cuts total $956,810.
Chief Financial Officer Julie Rukstad presented the preliminary figures to OMC commissioners Wednesday.
“We’re going to be looking for more cost reductions,” she said.
Rukstad emphasized that the amounts and sources of the cuts still were in flux.
She will present her final proposed adjustments to the 2008 budget at the board’s March 5 meeting.
The cuts will bring OMC’s projected operating margin from 0.2 percent to 1 percent.
The lesser figure had been considered optimistic, given possible emergency needs.
A nonprofit’s operating is the money available for capital improvements.
