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Committee accepts financial reports and vouchers; auditors present for annual cost reporting
Summary
Committee reviewed 2024 financials and aging, discussed bad-debt write-offs and agency staffing costs, and approved the financial reports and vouchers by voice vote.
Carmen presented the facility’s financial packet, including the campus aging report, 2024 final numbers and agency staffing cost comparisons. She said 2024 should end in the black with an actual net of $450,419 including depreciation and approximately $1.1 million without depreciation, pending audit adjustments.
On specific voucher items, committee members asked about a $9,636.70 bad-debt entry (Carmen explained it was a misbilled Medicare claim from 2021 denied in 2024 after Medicare review and then denied by Medicaid as untimely, leading to a write-off) and a $15,004.58 EO Johnson invoice that Carmen said covered the county’s contracted printing/printer rental costs.
After discussion, Supervisor Lyon moved to accept the financial reports and vouchers and Supervisor Story seconded the motion. The committee voted by voice: “Aye”; no members voiced opposition and the chair declared the motion passed.
Carmen noted auditors were present preparing the Medicaid cost report and that final audited numbers may change slightly when the auditors complete their work.
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