If you were a member of your local Hospital Board of Directors what type of financial information should be routinely provided to you? Solution As a member of Board of Directors of your local hospital, you should be provided with the following financial information on a routine basis: (i) Information with regards to budgeting and planning. This will help you monitor and report the progress of operational planning and budgeting. (ii) Information regarding variances in financial performance. This will help you identify correction mechanisms for the operations. (iii) Information with regards to capital expenditures. (iv) information with regards to endowment performance. The above mentioned information will be used by you, as the Board member, to evaluate the financial condition of the hospital and to assess operational efficiency of the hospital..