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HomeMy WebLinkAboutRes2008-030Sponsored by: Oates rrr. CITY OF SEWARD, ALASKA RESOLUTION 2008-030 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA AUTHORIZING MATCHING FUNDS IN THE AMOUNT OF $42,249 FOR THE PURCHASE OF ENDOSCOPY EQUIPMENT FOR THE HOSPITAL, AND APPROPRIATING FUNDS WHEREAS, Providence Seward Medical and Care Center (the "Hospital") is aCity-owned hospital facility; and WHEREAS, the Hospital received a $42,249 grant from the Denali Commission and the Alaska State Hospital and Nursing Home Association for the purchase of endoscopy equipment, which requires an equal amount of matching funds; and WHEREAS, this equipment represents an upgrade to existing equipment, improves the hospital's capacity to perform more complex procedures, and leads to improved quality of patient care, giving physicians an improved ability to early detect colon and rectal cancer; and WHEREAS, the Hospital Debt Service Fund currently maintains reserves totaling $959,768, ~„ which provides sufficient reserves to fund this matching grant, plus maintain the City's reserve policy requiring reserves sufficient to cover the single highest years' debt service on the hospital bonds, which is $878,500; and WHEREAS, the Hospital does not have funds remaining in its capital budget to handle this repair item and therefore is requesting an appropriation from the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The Seward City Council hereby authorizes the city manager to submit payment to Providence Seward Medical and Care Center in the amount of $42,249 for the purpose of matching a grant to purchase endoscopy equipment. Section 2. Funds in the amount of $42,249 are hereby appropriated from the Hospital Debt Service Fund fund balance account no. 801-0000-3050 to the Hospital Debt Service Fund contributions account no. 801-8010-5610-0011. Section 3. This resolution shall take effect immediately upon adoption. r.,.. CITY OF SEWARD, ALASKA RESOLUTION 2008-030 PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 14th day of April, 2008. THE CITY OF SEWARD, ALASKA ~D l// Clark Corbridge, Mayor AYES: Dunham, Valdatta, Bardarson, Smith, Kellar, Corbridge NOES: None ABSENT: Amberg ABSTAIN: None ATTEST: C :LL ohanna Dollerhide, CMC Acting City Clerk (City Seal) .•`~~~ OF G~d.~ORP ~~~~~F OF_1~~~'g~~'~ COUNCIL AGENDA STATEMENT Meeting Date: April 14, 2008 Through: Phillip Oates, City Manager From: Kristin Erchinger, Finance Director ~rV Agenda Item: Appropriation of funds to purchase hospital endoscopy equipment BACKGROUND & JUSTIFICATION: On behalf of Providence Seward Medical and Care Center, Providence applied for, and was awarded, a grant from the Denali Commission and the Alaska State Hospital and Nursing Home Association. The purpose of the grant is to purchase much needed endoscopy equipment, enabling local physicians to early detect colon and rectal cancer. The grant is in the amount of $42,249, and requires an equal local match. CONSISTENCY CHECKLIST: Where applicable, this agenda statement is consistent with the Seward City Code, Charter, Comprehensive Plans, Land Use Plans, Strategic Plan and City Council Rules of Procedures. FISCAL NOTE: ~~ The City receives revenues from aone-percent sales tax, which is allocated for the purposes of hospital capital equipment, including debt service and capital expenditures. Currently, the City maintains reserves in the Hospital Debt Service Fund in the amount of $959,768. The City's policy on the use of these funds requires that hospital capital contributions can be made from this Fund only after reserves are sufficient to cover the single highest year's remaining debt service on the hospital bonds, and that amount is $878,500. There is currently sufficient reserves in this Fund to cover this grant match, still maintaining sufficient reserves to meet the City's reserve policy. RECOMMENDATION: Council approve Resolution 2008- Q3pauthorizing the expenditure of $42,249 for the purchase of endoscopy equipment, payable to Providence Seward Medical and Care Center, and appropriating $42,249 from the Hospital Debt Service fund balance account no. 801-0000-3050 to the Contributions account no. 801-8010-5610-0011. ~i~