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Clinic reports January FY25 finances; Medicaid rate decision could change outlook
Summary
Clinic staff told the committee that January expenditures are recorded but revenues lag until March; a pending state Medicaid rate increase could generate a retroactive payment the clinic estimates at about $500,000. Committee members discussed a $450,000 municipal budget cut that shifted funds between line items.
On Feb. 18, 2025, clinic leadership presented January fiscal-year-to-date financial reports and told the Skagway Municipality clinic committee that revenues for January had not yet been recorded and will appear in March reporting.
The clinic director said staff met with the borough manager’s office and the treasurer to discuss a $450,000 cut made to the clinic’s adopted budget by the assembly. The cuts affected two lines — contracts and specialists, and the RN (nurse) line — with one line reduced to $0 and the RN line reduced to $150,000; staff moved some expenditures into the salary line to cover…
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