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County to consider revising hospital IGA definition for days cash on hand at January meeting
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Summary
Coffee Regional Medical Center asked the county to revise the intergovernmental agreement’s definition for calculating days cash on hand; commissioners agreed to schedule the matter for the January 2024 agenda and discussed bond-security concerns.
Representatives of Coffee Regional Medical Center met with County Administrator Wesley Vickers and asked the county to revise the intergovernmental agreement to change the definition used to calculate the number of days cash on hand.
Vickers told commissioners he had met with Vickie Lewis and John McLeod of Coffee Regional Medical Center, who requested the revision. Commissioner Johnny Wayne Jowers said he did not object provided the change would not deplete the security for outstanding bonds. County staff will return the item for formal consideration on the January 2024 agenda.
No vote or contract amendment was taken at the special called meeting; the item was scheduled for a future agenda so the board can examine the financial implications and any legal or bond-related constraints.
The board’s discussion indicates a need to clarify the hospital agreement’s financial definitions before any formal amendment is approved.