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At the July 18th regular
meeting of the Bamberg
County hospital, Derek Pierce,
Bamberg County Hospital
Chief Financial Officer
reported to council members
that the hospital has seen a
year-to-date financial net loss
of $2,428,629. The CFO also
reported a net loss of $122,737
more this month than last .
Also for the month of May, the
hospital reported a loss of
$186,584 compared to
$309,321for the previous
month. “Revenue was up a
little from May, but down from
this time last year”, reported
the Pierce. He said revenue
was down $3,004,894 from
this same time last year.
Additionally, Pierce’s
financial narrative of the
hospital’s status included the
following:
• Patient days for the
month of June were down 35
percent. The average daily
census in June was 5.80
patients per day. YTD, the
ADC is 9.01 patients per day.
• Emergency room visits
were up 2.4 percent in June
with 843 emergency room
visits compared to 823 visits in
May.
• Expenses increased
$234,693 from last month, but
decreased $796,880 from the
same time last year.
• The total amount of
funds collected for the month
of June was $600,245. This
amount was $425,607 less
than what was collected during
the month of May.
• May cash and cash
equivalents totaled $353,575
which represented 10.83
calculated days cash on hand
compared to 25.2 and 14.7
days cash on hand May 31 and
April 30 respectively.
By contract, T. M. Thomas, finance director for
the county said revenue was
up seven percent from last
month. He said the county has
collected 80 percent of the
estimated annual revenue.
According to Thomas, the
county has operated within the
budget and the YTD revenue is
$6,118,359. He reminded
council that June’s collections
were not included. Thomas
also reported the following
explanations for some
expenses:
• Increase in cost relating
to computer taxes such as
software maintenance, technical services, software
updates, homestead applications, etc.
• Sheriff Department is
spending more for gas.
• Professional financial
services for interim CEO
($56,542.60)
• County Recreation
Grants ($13,000)
• Legal service fees
increased due to a paralegal
assisting with delinquent tax
matters.
In other business:
• After meeting with
representatives from MAMAS
(Mary Ann Morris Animal
Shelter), the executive
committee approved
dispersing funds from the first
quarter of the FY 2012 while
working out contractual
matters between the group and
the recommendation to hire an
animal/litter control officer.
Council said they would meet
with MAMA officials before
the second quarter to discuss
the shelter’s relationship with
the county.
• Approved honoring
Willie King, Sr. with a
resolution in recognition of his
101st birthday. |