HomeMy WebLinkAboutRes1992-015
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Sponsored by: Hospital Board
CITY OF SEWARD, ALASKA
RESOLUTION NO. 92-015
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, APPROVING BUDGET REVISIONS
TO THE FISCAL YEAR 1992 HOSPITAL ENTERPRISE FUND.
WHEREAS, the FY1992 operating budget of Seward General Hospital was
approved by the Community Hospital Board in April, 1991; and
WHEREAS, the final FY1992 operating budget was approved by the City Council
on May 28, 1991; and
WHEREAS, there is a need to revise the FY1992 hospital budget due to changes
in hospital revenues and expenditures; and
WHEREAS, the Community Hospital Board approved the budget revisions at its
meeting of February 3, 1992;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The Hospital Enterprise Fund Revised Budget for the fiscal year
beginning July 1,1991, which is attached hereto and made a part hereof by reference and
which contains estimated hospital revenues and expenditures for FYI992, is hereby
adopted.
Section 2. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this
10th day of February, 1992.
THE CITY OF SEWARD, ALASKA
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Donald W. Cripps, Y ayor
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 92-015
AYES:
NOES:
ABSENT:
ABSTAIN:
ArrEST:
Bencardino, Crane, Cripps, Dunham, Krasnansky, Swartz, White
None
None
None
APPROVED AS TO FORM:
Perkins Coie, Attorneys for the city of
Seward, Alaska
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Patricia Jones
Acting City Clerk
7~w~
Fred B. Arvidson
City Attorney
(City Seal)
SEWARD GENERAL HOSPITAL - FORECAST OF OPERATIONS ~ '( ;1.-0 ~ S
Ai+a.c-.k.~
ACTUAL ACTUAL APPROVED REVISED %OF
FY91 FY92 BUDGET BUDGET CHANGE
THRU 6/30/91 THRU 12/31/91 FY92 FY92 OF BUDGET
. GROSS PATIENT REVENUE
ROUTINE - ACUTE $598,032 $435,507 $609,200 $742,896 21,95%
ANCILLARY, INPATIENT 792,929 575,985 902,200 1,078,590 19,55%
OUTPATIENT 914,047 618,564 1 ,069,200 1,215,156 13,65%
TOTAL GROSS PATIENT REVENUE $2,305,008 $1,630,056 $2,580,600 $3,036,642 17.67%
REVENUE DEDUCTIONS
CONTRACTUAL ADJUSTMENTS $149,434 $55,600 $33,300 $102,000 206,31 %
PROVISION FOR BAD DEBTS 128,500 109,000 218,800 240,000 9,68%
POLICY DISCOUNTS 43,320 79,153 32,600 78,000 139,26%
TOTAL REVENUE DEDUCTIONS $321 ,254 $243,753 $284,700 $420,000 47,52%
NET PATIENT REVENUE $1,983,754 $1,386,303 $2,295,900 $2,616,642 13,97%
OTHER OPERATING INCOME 40,824 20,646 42,600 42,600 0%
NET OPERATING REVENUE $2,024,578 $1,406,949 $2,338,500 $2,659,242 13.72%
OPERATING EXPENSE
. PAYROLL $1,156,596 $620,299 $1,252,100 $1,292,500 3,21%
EMPLOYEE BENEFITS 383,212 202,315 489,800 489,800 0%
PROFESSIONAL FEES 374,922 223,534 329,700 337,200 2,27%
SUPPLIES 289,390 176,708 291 ,600 336,600 15,43%
UTILITIES 90,665 33,852 106,900 106,900 0%
REPAIRS 33,049 9,161 31,200 31,200 0%
PURCHASED SERVICES 111,229 73,870 159,400 159,400 0%
INSURANCE 37,518 9,434 18,700 42,700 128,34%
TAXES & LICENSES 660 0 4,200 4,200 0%
DEPRECIATION & AMORITlZATION 82,344 42,425 83,200 83,200 0%
ADMIN EXPENSE - CITY OF SEWARD 0 62,394 124,788 124,788 0%
INTEREST 10,245 10,137 14,800 14,800 0%
OTHER EXPENSE 146,413 93,843 91,800 139,800 52,38%
TOTAL OPERATING EXPENSE $2,716,243 $1,557,972 $2,998,188 $3,163,088 5,49%
INCOME FROM OPERATIONS ($691,665) ($151,023) ($659,688) ($503,846) (23.64%)
NON OPERATING INCOME
OPER TRANS - CITY OF SEWARD $397,545 $305,055 $524,800 $524,800 0%
REVENUE SHARING 180,415 124,533 127,000 127,000 0%
CLINIC REVENUE - NET 3,290 (46,571) (6,000) (36,000) 500,00%
OTHER NON-OPERATING INCOME 99,930 1,914 28,900 21,700 (24,91%)
. TOTAL NON-OPERATING INCOME $681,180 $384,931 $674,700 $637,500 (5,51%)
NET INCOME ($10,485) $233,908 $15,012 $133,654 790,31 %