Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Petersburg Medical Center board adds $100,000 to capital budget amid building project, approves amendment unanimously
Summary
The Petersburg Medical Center hospital board voted Oct. 30 to increase the capital budget by $100,000 to cover unexpected equipment failures. The vote came as staff reported steady revenues, about 100 days cash on hand and ongoing uncertainty over MRI revenue while the state certificate-of-need review continues.
PETERSBURG, Alaska — The Petersburg Medical Center hospital board voted unanimously Oct. 30 to add $100,000 to the hospital’s capital budget to cover unanticipated equipment failures and other immediate needs.
Board president Jared Cook called for the motion after finance staff outlined operating results and ongoing capital needs. “We would be looking to increase the capital budget by a $100,000,” Jason said during the meeting, explaining the amount is meant as a routine cushion to replace equipment that fails unexpectedly.
The request came during a broader financial report in which finance staff reported monthly gross revenues of roughly $2.7 million and net patient revenues slightly above budget. Jason said the hospital’s cash position and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
