UMC Governing Board Audit & Finance Committee
Summary
Operating loss of $2.9M YTD despite revenue above budget.
What Matters to Employees 1 items
Operating loss $1.1M month, $2.9M YTD; overtime high.
All Agenda Items 18 items
Net revenue above budget $7.3M; expenses over $3.2M; cash on hand 94 days.
Auditors started; brief discussion on price transparency.
Phase 1 OR renovation; capital project.
Capital purchase for neuro service line enhancement.
Fourth amendment for medication equipment and support.
5-year agreement for janitorial supplies; 90% purchase commitment.
New agreement for Joint Commission/CMS compliance.
5-year agreement; no minimum purchase; as needed.
Award to current vendor; contingency basis.
5-year agreement for plasma and biologics for transplants.
Second attempt; all 5 respondents awarded same rate.
In-house testing saves time and money; 5-year agreement.
Additional funding and locations.
Mandated by fire department; end-of-life panels replaced.
Emergency repair to avoid generator dependency.
One-year extension; consolidated invoices for natural gas.
One-time purchase to maintain HVAC functions.
Additional funding due to market changes and construction cost increases.