Kiowa Hospital in the black, interviewing CFO candidates

The majority of the July meeting of the Kiowa District Hospital Board Thursday evening was spent in executive session.

That's as the board opened the meeting interviewing three female candidates for Chief Financial Officer (CF0). The process took about two hours as they interviewed the women individually.

Following another executive session at the end of the meeting, Hospital Administrator Aldeen “Van” Vandeveer confirmed Monday the board is still in the process and has not yet hired a CFO. He anticipates the process to be complete “hopefully in the next three to four weeks.”

Van said following that last executive session the board also voted not to bid on home healthcare. They also approved the monthly Risk Management/Quality Assurance report. All board members attended the meeting including: President Zack Odell; Robert Stark, Lori Schrock, Dan Lukins and Robert Armbruster.

Tax Budget Hearing Set for Aug 11

Board set the hospital's tax budget hearing for August 11 at 8 a.m., in the board room at the hospital. Van said the proposed budget is $869,730.00. The board voted to leave the mills and tax rate the same as last year. The budget must be in to the county by August 25, Van said.

Finances Good, Thanks to Tax Support

Interim CFO Walter Mitchell gave a thorough financial report for June. His report includes pages of color graphs showing financial figures; key statistics and financial ratios; cash position reports by month, an accounts receivable tracking report; an analysis report of aging bills by financial class; and more.

“You have a strong operation,” Mitchell told the board. The hospital showed a net loss from operations of $62,171.95. However, with the addition of $68,043.80 primarily tax money, the hospital was in the black $5,871.85.

Year-to-date the hospital shows revenue in excess of expenses totaling $239,877.60. That positive figure was $78,392.54 YTD for the same time in 2010.

June operating expenses increased from $279,800.80 in May to $315,516.12 mainly due to increased professional fees, FICA and benefits, etc. CFO Mitchell's management fee is $12,514.

How you can Effectively Convert Your Accounts Receivable Into ...

How you can Effectively Convert Your Accounts Receivable Into Dollars

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