Josh Wilks, CPA, with CliftonLarsenAllen presented the FY 2018 Audit report to the Cedar County Memorial Hospital Board of Trustees during their regular meeting on Monday, June 18. Wilks reviewed the Financial Statements and Supplementary information and the 2018 audit results and report. He said it was a clean, unmodified opinion. He said the hospital continues to have a strong balance sheet with $16.2 million in total assets and very little long-term debt. However, the hospital exhibited a net loss of $750,l54 for the year. Expenses grew and cash declined due in part to heavily investing in IT infrastructure with the new Electronic Medical Record.
Present for the meeting were Wilks, Board Members Julia Phillips, Johnny Walker, Carla Griffin and Judy Renn; Marvin Manring via conference call, CEO Jana Witt; Director of Finance Carla Gilbert; RN/CNO Rob Simon; Attorney Bryan Breckenridge; Recording Secretary Terri Heitz and Drs. Rick Casey and John Torontow.
Simon gave the Nursing Report. He said the Stroke/Stemi Survey is scheduled for June 20 and 21. He said that the night shift RN position is filled and he is covering shift holes with PRN nurses as needed. The hospital currently has three traveling RNs, down from five. There is only one traveler in the Lab.
Witt said that she and Gilbert had met with department managers to discuss operating budgets and cost saving/revenue generating measures.
Witt gave an update on the El Dorado Springs Sidewalk Project. She sent sidewalk project information and the Board resolution, which requested the approval of the County Commission, to donate 0.26 +/- acres to the City of El Dorado Springs for the sidewalk project to County Clerk Peggy Kenney on May, 24. The Commissioners approved the donation, Renn signed the initial agreement on June 13, which Witt forwarded to the project engineering company.
Witt said the Cedar County Memorial Hospital annual Endowment Fund Raiser will be a Luau on the Lawn on Thursday, Sept 27.