News Column

Community Health cash flow improves in April

May 28, 2014

By Sue Sterling, The Daily Star-Journal, Warrensburg, Mo.



May 28--WARRENSBURG -- April "was another good month for cash flow" for Johnson County Community Health Services, financial officer Peggy Shaul said.

In the monthly financial report to the board, Shaul said revenue improved due to "an effort to get Medicare billing caught up."

Revenue of $2,087,069 for the month topped expenditures of $1,977,404 by $109,665, she said, but the balance is a 29.7 percent decrease from the same period last year. Revenue fell under the budgeted amount of $169,958.

Expenses came in under budget, she said.

"Overall, we're not quite where we thought we would be. It's still positive, but we're $60,000 under budget," Shaul said.

A positive cash flow of $100,815 is $85,000 below last year's figure for the 10 months of the fiscal year, Shaul said Thursday.

FLEET CONTRACT

The board agreed to renew the agency's five-year contract to lease nine new cars from Enterprise.

Shaul said the lease saved the agency $33,000 in vehicle expenses during the five years, adding the lease "is a great marketing tool" with the agency's logo and web site displayed on the vehicles.

The nine new vehicles, which will be obtained through Warrensburg Ford, will replace vehicles leased in 2009.

"The valuation has remained very good," Shaul said, with the resale money to be rolled into the capital lease program to reduce costs.

Administrator Debbie Haller said the lease program "has really been a very beneficial thing for us. I don't see a downside."

She added, "It helps with recruitment."

AUDIT

Separate firms will prepare the agency's annual audit and Medicare cost report for 2014.

Shaul said she requested firms bid on both services, but Westbrook & Co., Richmond, submitted only an audit bid of $7,200. The company contracts with BKD for the cost report portion.

The audit bid is about one-third of what other companies bid for the audit, Shaul said, and is well below the $27,800 paid to BKD last year.

Shaul said she contacted BKD, which also had submitted a bid, and asked the company to reprice the cost report. That cost came in at $5,700, bringing total cost of the audit and cost report to $12,900.

Shaul said the total cost for the three-year contract for both services will be $38,200.

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(c)2014 The Daily Star-Journal (Warrensburg, Mo.)

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Source: Daily Star-Journal (Warrensburg, MO)


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