Hospital district in good fiscal health

Castle Rock Hospital District’s financial health continues to improve, with the district $150,000 higher than it was at this time last year.

“We’re doing well by any measure,” Chief Financial Officer Todd Toolson said during the district board of trustees meeting Tuesday night. 

Toolson said the hospital district’s days of cash on hand, a measure of funding reserves calculating how long the district could survive without any income, are expected to be at 67 days by the end of April, the district’s slowest month. The district recently started using the same formula used by Memor...