July 23, 2014 at 2:10 p.m.
Hospital taps reserve funds (9/29/05)
Will help fund upcoming renovation
By By Rachelle Haughn-
Jay County Hospital officials announced Wednesday night that $1 million has been allocated in the $5.6 million capital budget for 2006 for some of the planned renovations to the first floor of the hospital.
The capital budget for the coming year climbed more than $4 million to cover the cost of several planned renovations.
JCH chief executive officer Joe Johnston updated members of the Jay County Hospital Board on that allocation Wednesday night.
JCH chief financial officer Don Michael said this morning the $1 million will come from the hospital’s reserve funds, which currently totals $13 million.
Among the first floor renovations proposed by JCH officials are the creation of a new main entrance at the east end of the hospital and new waiting areas.
Michael said before hospital officials can move forward with the project, it must be approved by the hospital board. He said it will go before the board sometime early next year.
Hospital officials had hoped to raise $1 million for the $2.5 million project through donations from the community, hospital employees and board and auxiliary members, and use $1.5 million of its reserve funds to cover the cost of the hospital renovations.
Members of the Jay County Hospital Foundation announced in June that the fund drive would be postponed for 12 to 18 months because it would conflict with other fundraising efforts in the community.
Hospital officials hope to start the renovation project next summer, and complete it sometime in 2007.
After Wednesday’s meeting, Johnston said the foundation has not decided if it will have a fund drive for the project.
The board approved the $1,838,364 operating budget and the $5,647,500 capital budget for the new fiscal year, which begins on Saturday and runs through Sept. 30, 2006.
The operating budget is used for expenses, such as salaries and supplies. The capital budget, which is made up of reserve funds and the hospital’s profits, pays for renovation projects and the purchase of equipment.
The capital budget also includes $1 million allocated for planned renovations to the second floor of the hospital, and $1.5 million to purchase a new MRI machine.
The hospital’s 2005 operating budget was $2,063,315, and the capital budget was $1,167,000. Michael said this morning the 2006 operating budget is less because he doesn’t expect the hospital to receive any reimbursements from Medicare, such as the $390,000 it received in 2004. The capital budget is more in 2006 because of all the planned renovations.
In other business, the board voted to allow hospital officials to enter into a recruitment agreement with Kansas City-based search firm B.E. Smith to find a new director for the pharmacy. This same firm found the hospital’s current chief nurse executive Judy Lemire last year.
The pharmacy position has been vacant for about a year, and hospital officials have been searching for a new director for about six months, JCH director of human resources Jerry Bozell said.
This morning, Michael said hospital officials have placed several advertisements for the position in local newspapers and pharmacy trade magazines.
The search firm will be paid 27.5 percent of what the pharmacy director would make in a year for its services. Bozell estimates the annual salary will be between $90,000 and $100,000. The contract will be for 180 days.
Also Wednesday, board members:
•Approved the purchase of an EasyID labeling system from PHG Technologies at a cost of $14,600.
Michael said the hospital currently uses an old machine that prints patient information on charts and records. This machine has broken, and the parts to repair it no longer are manufactured, he said.
The new system will be used to create labels to attach to charts and other paperwork. It also can make identification wrist bands for the patients.
•Voted to enter into a purchasing agreement with Cardinal Health Initiative, which is part of Cardinal Health System.
This agreement will allow the hospital to purchase equipment at the discount rates received by CHS. Hospital officials can opt out of the agreement whenever they chose to do so.
•Heard Michael report the hospital had a net income of $229,728 in August, which is up 53.4 percent from the budgeted figure of $149,748.
Admissions in August totaled 88. This figure is down 4 percent from the budgeted number of 92.
•Heard auxiliary president Marilyn Post report 78 hospital auxiliary volunteers worked 1,341 hours in August.[[In-content Ad]]
The capital budget for the coming year climbed more than $4 million to cover the cost of several planned renovations.
JCH chief executive officer Joe Johnston updated members of the Jay County Hospital Board on that allocation Wednesday night.
JCH chief financial officer Don Michael said this morning the $1 million will come from the hospital’s reserve funds, which currently totals $13 million.
Among the first floor renovations proposed by JCH officials are the creation of a new main entrance at the east end of the hospital and new waiting areas.
Michael said before hospital officials can move forward with the project, it must be approved by the hospital board. He said it will go before the board sometime early next year.
Hospital officials had hoped to raise $1 million for the $2.5 million project through donations from the community, hospital employees and board and auxiliary members, and use $1.5 million of its reserve funds to cover the cost of the hospital renovations.
Members of the Jay County Hospital Foundation announced in June that the fund drive would be postponed for 12 to 18 months because it would conflict with other fundraising efforts in the community.
Hospital officials hope to start the renovation project next summer, and complete it sometime in 2007.
After Wednesday’s meeting, Johnston said the foundation has not decided if it will have a fund drive for the project.
The board approved the $1,838,364 operating budget and the $5,647,500 capital budget for the new fiscal year, which begins on Saturday and runs through Sept. 30, 2006.
The operating budget is used for expenses, such as salaries and supplies. The capital budget, which is made up of reserve funds and the hospital’s profits, pays for renovation projects and the purchase of equipment.
The capital budget also includes $1 million allocated for planned renovations to the second floor of the hospital, and $1.5 million to purchase a new MRI machine.
The hospital’s 2005 operating budget was $2,063,315, and the capital budget was $1,167,000. Michael said this morning the 2006 operating budget is less because he doesn’t expect the hospital to receive any reimbursements from Medicare, such as the $390,000 it received in 2004. The capital budget is more in 2006 because of all the planned renovations.
In other business, the board voted to allow hospital officials to enter into a recruitment agreement with Kansas City-based search firm B.E. Smith to find a new director for the pharmacy. This same firm found the hospital’s current chief nurse executive Judy Lemire last year.
The pharmacy position has been vacant for about a year, and hospital officials have been searching for a new director for about six months, JCH director of human resources Jerry Bozell said.
This morning, Michael said hospital officials have placed several advertisements for the position in local newspapers and pharmacy trade magazines.
The search firm will be paid 27.5 percent of what the pharmacy director would make in a year for its services. Bozell estimates the annual salary will be between $90,000 and $100,000. The contract will be for 180 days.
Also Wednesday, board members:
•Approved the purchase of an EasyID labeling system from PHG Technologies at a cost of $14,600.
Michael said the hospital currently uses an old machine that prints patient information on charts and records. This machine has broken, and the parts to repair it no longer are manufactured, he said.
The new system will be used to create labels to attach to charts and other paperwork. It also can make identification wrist bands for the patients.
•Voted to enter into a purchasing agreement with Cardinal Health Initiative, which is part of Cardinal Health System.
This agreement will allow the hospital to purchase equipment at the discount rates received by CHS. Hospital officials can opt out of the agreement whenever they chose to do so.
•Heard Michael report the hospital had a net income of $229,728 in August, which is up 53.4 percent from the budgeted figure of $149,748.
Admissions in August totaled 88. This figure is down 4 percent from the budgeted number of 92.
•Heard auxiliary president Marilyn Post report 78 hospital auxiliary volunteers worked 1,341 hours in August.[[In-content Ad]]
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