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The Huron Expositor, 1978-07-13, Page 21SEAFORTH COMMUNI Y 140SPITAL BALANCE SHEET MARCH 31,_1211 (note 5) 10.113 $1,044,015 37856 1,081,871 153,944 1,235,815 382,461 304,143 533 088 1,219,662 22 158- 1,]97,534 38,281 52,976 28,003 20,713 25,782 21,122 4,619 3 02.2 58,404 45,457 58,404 • 25,479 $. 18812 30,401 24,744' 506 1,044 30,907 25,788 5,428 $ 6,976 $1,386277 51,697 1,437;,974 201,492 1,639,466 ' 481,212 422,956 711,645 1,615,813 29,323 1,586,490 $102,604 ,_68,325 35,949 11,470 14,824 5,627 5,649 9,217 7;221 670 1,142 3,612 1,942 17,237 $285,489 $ 88,008 51,209 29,101 8,618 7,980 3,979 4,227 5,823 5,115 877 687 2,058 966 14,780 $223.428 r $-76,848 ' • 32,588 19,144 6,744 6,594 6,206 14,752 . 4,090 $16-6416.fi $ 51,360 11,900 5,270 5,609 5,9-00 5y4.54: ..... 2,500 $107.849 $ 88,734 75,243 , 95,288 71,100 55,296 32,760 4,535 $422 956 $285,489 166,966 152,400 68,699 34,395 3,696 $711.645 $ 66,499 54,574 61,556 53,844 39,687 24,748 3_,235 $304 143 ' $223,428 107,849 115,811 58,052 25,246 _2,202 $533,088 THE HURON EXPOSITOR, JUIN 13, 1978 21 Members of the board of Seaforth Community Hospital had their picture taken at their final gathering prior to the annual meeting, Shown are (front) (left) Father H. J. Laragh who later b'ecame president, James M. Scott, Clayton Looby, David Cornish retiring president, A. Y. McLean, Dr. W. J. Thompson and Adpinistrator Gordon McKenzie. (Standing) Russel Worden, Arthur \44derson, John McEwing, Dr. Ed. Malkus, Mrs. Pat Bennett, John Modeland Gordon Rimmer, Ken Campbell, Mrs. Audrey McLlwain, Dr. Rogert Whitman, Wayne Ellis, Ray Williamson, Mrs. Sheila Morton, and Cleve Coombs. (Absent) Archie DobaQn, John Longstaff, Mrs. Ruth Pickard, Allen Searle. (Photo by Phillips) Seaforth Community Hospital Has annual 'meeting 183,236 1'78,531 303.544 $ 76,600 103,099 76,600 r03,099 226,_944 228,131 $ 303.544 $ 331.230 $ 27,886 . 226,944 217 228,131 34,005 34,005 796,632 796,632 483,729 457,637 14,095 14,095 1,328,461 1,302,369 555,919 497,381 804-,-98,8 $1.027,372 $1.033.336 $ 331.230 LIABILITIES AND ttPLUS Current': Accounts payable Long-term, principal instalments due within one year (note 4) Total current liabilities Long-term: 3% provincial mortgage loan repayable in semi-annual instalments of $4,318 blended principal and interest, due September 30, 1995" Less principal instalments due within one' year. included with current liability above (note 4) . Surplus (statement 2) STATEMENT OF OPERATING REVENUE AND EXPENSES LIABILITIES AND SURPLUS Current: cash. Due,from Revenue Fund Fixed - at cost: ' land, Building Machinery and equipment Other (paving, curbs and sign) -Less-accumulated depr-eciat Deficit (statement 2) Current: Accounts payahle and accrued liabilitieS Total current liabilities Due to Plant Fund PLANT FUN" ASSETS AND DEFICIT 166 $ 1,681 5,495. 4;943 5,661 6,624 - 106,076 124,348 5,495 4,943 100,581 119,405 921,130 907,307 - $1,027,372 $1.033.12fi THIS 15 IT ! THAT'S WHAT YOU'LL SOY IHNETI YOU SEE THE BERG . HYDRO-1111111 M111111RE PUMP It forces the manure from the barn, through' an underground pipe to the storage area. As the manure enters storage area from.larelow; the outside surface forms a crust, which retains the important nitrogen and potassium inside the pile and also reduces the odor and fly problems. And the manure is ready for spreading, when you want it. For details call. Keith Siemon Plumbing - Farm Equipment R.R.4, Walton, Ontario Phone 345-2734 BUILDS EVERYTHING SETTER FOR WARNS Established 1876 McKILL9P MUTUAL FIRE INSURANCE COMPANY READ OFFICE.:.10 **IN, ST., SEAFORTH, ONT Mrs. Margaret Sharp. Sec. Treas.. Ph. 527-0400, f CALL AN AGENT OR THE OFFICE FULL COVERAGE Farm and Urban Properii7 Fire, Windstorm, Liability, Theft Various Floater Coverages Homeowner's,Tenant's Package, Composite Dwelling Directors and Adjusters Ken Carnahan, R.R.#4, Sealorth 527.1545 Lavern Godkih, R.R.61, Walton 527-1877 Ross Loonhardt, R.R.N1,1Bornholm 345-2234 John McEwing, R.R.N1, Blyth 523-9390 Stanley Mcl twain, R.F112, Gederith 524.7051 Donald MoKerchar, R.A.lit, Dublin 527-1837 John A. Taylor, R.11.01, Brucelleld 482-752/ J.N.Trewartha,.Box 661, Clinton 482-7593 .StuarLWilson, R.R.N1, Bruceflela 527-0687 AGENTS litnes Keys, R.R.N1 ;43eAfort41 5'21.0467 Wm. Lelper, R.R.N1, Lancia:mbar° 523-4257 Steve J. Murray, R.R.05, Seatorth 345,2172 WEDDING INVITATIONS THE1URON EXPOSITOR PHONE 527-0240 , SEAFORTH 1.- December 31, 4976 $ 38,465 13,361 62,425 34,904 3,544 152,699 (See accompany i ng notes) SCHEDULE OF SPECIAL AND GENERAL SERVICES EXPENSES Current: Cash Accounts receivable - Patients Ministry of HOlth (note 3) Inventories of drugs and supplies - valued at the lower of cost and replacement cost Prepaid expenses Total current assets Patient days 'Revenue: In-patient serviCes.1- Standard ward Preferred accommodation Speefal out-patient services Expenses: Patient care - nursing,unit Special. services . General services Deduct' expenditure recoveries Excess 'of operating revenue over expenses before depreciation and loss,(gain) on diSposal of fixed. assets Depreciation: • Equipment and - furnishings Buildings and land improvements • Building-service.equipment Loss (gain) on disposal of fixed assets Excess .of expenses over revenue. for period Represented by: Retainable differential income lfom • preferred accommodation Non-recoverable depreciation Other-non-recoverable expenses Excess of expenses over revenue for period Special services: RadiolOgy Pharmacy Laboratory Operating room Ambulance Medical records Electrocardiography General services: Administrative (schedule 2) Physical plant - operating (sChedule 2) Dietary Housekeeping Laundry Linen Administrative expenses: Salaries and wages__ Pension fund contributions Medical benefits Telephone Other administratiye expenses Printing, stationeiy and office• Accounting, audit and collection Workmen's compensation Staff travel Bad debt expense Postage Bonding and liability insurance. Memberships and subscriptions Unemployment insurance contributions Physical plant operating expenses: Salaries and wages Fuel Electricity Other supplies and expenses Maintenance of buildings and grounds Water Maintenance of equipment Tnsurance Davidr-Ormsh, president otthe Seafartlt Community Hospital board of governors, warned the audience at the hospital board's annutil meeting Thursday that in the next few years, Ontario hospitals arc going to see greater restraints placed on costs , and, hospitals' must he prepared. to deal with these restraints as a ,unified group. Miring- the years Mr. Cornish has been on the board, he said he has seen the Ministry of Health -try pad establis.h a pistrict Health Council for Huron, and Perth counties, hut this' was. voted elown. HoWever, a liaison committee has, been formed within Huron . -County consisting of the pre 'sident of each -hospital hoard and their county representative to discuss.ways of sharing resources and reducing the duplication of services at county hospitals. Mr...cornish said the other hospitals agree • -if we.do not start to co-operate and plan to reduce cost of health care on a voluntary.. basis, the Ministry Of Health will force their own cost. reductions on Receive Bequests • The finance committee. -chaired by Sheila Morton, .reported that ditring the fiscal .'year from January 1977 to Mareh 31, 1978 the hospital received donations and 'bequests, totalling 515,491. The money -has-been-investe-d-on a short term basis for future capital pu rch a ses, 'During the 1977 fiscal year, Seararth Community HoSpital had total revenues..' of 51.670.3 18. Expenses for the same period totalled $1,675,746 With .66 •per cent . of this figure going for hospital salaries, and 20 per cent for supplies and other expenses.• Pat Bennett-. of the. public ..„ .relations committee, reported ling service presentation. plaques were given to Robert Wilson and Victor Lee, as retiring members of the board- and a special presentation was made to Joseph McConnell. on memory of the late Mrs. Alice McConnell, a member of the hospital board for 22 years.. Russell worden. chairman of the -property committee, reported on the work. of the committee which' included providing for snow removal, garbage collection and grass cutting as well 'as general maintenance of the 'hospital plant. rile committee also made pro- vision for a new nurse call system which Call syStem which had been installed by staff. Gordon McKenzie, ' hospital administrator reported "we were successful in our budgeting pro- gram for 1977-78 by being below budget by less than one-half of one per cent of 58.067." He Said the Ministry of Health _has now recognized hospitals with less than 50 beds have a special problem with costs, and granted Settforth hospital an increase 'of 7.9 Tetit over 1977-78 operating costs as compared to other hospitals in the province which received a 4.5 per cent increase. Mr. McKenzie said, "We will • only be able to live within this increase if wage settlements are contained arid by continuing to economize in other areas." He thanked both the Women's Auxiliary and the board of governors for their hard work over the past year. The medical staff committee reported there were 1442 admis- sions to the hospital in 1977=78 . and 1,459 discharges. OperationS performed included 327 on in-patients at the hospital and 779 • operations on out- .patients. Also, the new patient and nurses' monitoring eornmanica- tion system was installed during the. year. The executive of the , medical acI'visory - committee will he pre-! sident ' Dr. Rodger Whitman, secretary-treashrer .Dr. Kenneth Rodney and chief of staff, Dr. Edmund Malkus. 'Raise $2,465 The Women'S Auxiliary group reported that membership, as of December 31, 1977 includes 70' members, 59 active members and. 11 associate members. t The auxiliary's silver baby cup for 1977 was presented to Ken 'and Arlene McCowan of Bruce- field. During the 1977 fiscal year, the women's auxiliary raised ,$2,465 including $293 at the fall fair draw, $776 at the annual penny sale and $104 through the sale of Christmas cakes. Fourteen certificates of merit were presented at the Juhe . dinner meeting to methbers with 20 years or more of outstanding service. The members who received awards were Beth Bechley, Dinah Sills, Janet Cluff, Alice Reid, Dorothy Hays, Elsie Dinsmore, Glad Thomson. Donna Patterson, Mary Haft, Jean Wilbee, Audrey McLean, Veronica Etue, Florence Stewart and Sally Sillery. Light special certificates for outstanding service were pre- sented to' members Ethel Dennis, Wilma Oke, Marion Turnbull, Ewa Ellis, 'Pat Bennett, Bess Grieve, Peg Grieve and Frances Teatero. ' During the year, -the auxiliary finished draping the windows in the pharmacy, physiotherapy section and hospital lounges and donated two Gomco suction machines and three intravenous poles. „Money from,the Alice McCon- nell Memorial Fund was used to purchase two geriatric chairs, now being used by the nursing staff for elderly patients. Joan Chesney was elected president of the women's auxiliary for 1978-79. (with comparative amounts at December 31, 1976) REVENUE FUND ASSETS AND DEFICIT March 31, 1978 a „. $ 4,131 17,251 58,425 36,878 3,623 120,308 SCHEDULE OF ADMINISTRATIVE EXPENSES AND PHYSICAL PLANT OPERATING EXPENSES • NOTES TO THE FINANCIAL STATEMENTS. MARCH 31,1978 r" . 1. Significant Accounting Policies . • ' ' . The -hospital follows the .generally accepted :fund accounting policies for public hospitals' in Ontario as set out in the Canadian Hospital Administration Manual. Details of the most significant of , these policies are set out below. .. (a) Revenue and Plant Fund . , The plant fund is charged' only with items directly relating to.the plant fund and its assets. SoMe 'of these itmes are grants received that are directly specified for plant fund assest and interest expense on debt used to acquire plant fund assets. All other items are charged to the revenue fund. (b) Fixed Assets Fixed assets are recorded at historical cost. Maintenance repairs and renewals are hcarged to expense as incurred. The cost and accumulated depreciation of fixed assets disposed of or retired in the year are removed from the accounts and the resulting profit or loss is included -in current operations. Depreciation of fixed assets is calculated at annual rates estimated to write o each asset over the term of its useful life. The rates and method§ generally in use vary between ve, ten, fifteen and twenty years in length, depending upon the distribution as set out in the Canadian Hospital Administration Manual. (c) Ministry of Health Adjustment Under the Health Insurance Act, 1972. the Hospital is reimbursed for the total of its operating costs after deduction of specified revenues and expenses, including expenses not approved by the Ministry. The final total to be recieved by the Hospital for 1978 will not be determined until the Ministry has reviewed the Hospital's financial and 'statistical returns for the fifteen month period. The management of the Hospital considers that the amount set up as receivable from the Ministry reflects all proper adjustments required for those revenues and expenses which are not taken into net operating costs for purposes of the Kinistry. 2. Employees' Sick Leave .Plan The hospital has an accumulated sick leave plan for its employees. Under the terms of this plan, the hospital was contingently liable at March 31, 1978 for sick leave credits to its employees to a maximum amount of. approximately 5184,000 (5142,000 at December 31, 1976). In the event of termination of employment for any reason other than discharge for cause of.illness, htis liability may be reduced by amounts varying from 50% to 20% depending upon the individual employee's length of service. THe hospital's liability in this respect at March,31, 1978 amounted to approximately $80,000 (558.000 at December 31, 1976.). No provision for these contingent liabilities has been made in the accompanying financial statements at March 31. 1978 and December 31, 1976. 3. Recovery from the Ministry -As described in not 1 above. total allowable costs claimed by the hospital for 1978 exceeded the amount necciVeci from the Ministry of Health in 1,978 by $58,425. This amount has been set up as a receivable on the attached balance sheet as the administration is confident 'of •the- ultimate reimbursement of these costs by the Ministry after its review of the Hospital's operations for the year. Subsequent to the year end, the Hospital received the final advance from the Ministry of Health in the amount of 567.032 with respect to the 1978 budget. Accordingly. the Hospital calculates that it has received $8,607 in excess of its allowable costs for the 1978 period and anticipates that this amount will be deducted 'from its 1979 budget by the Ministry of Health. ' The 1976 costs of $723. included in accounts receivable .at December 31, 1976, claimed by the Hospital from the Ministry of Health were disallowed and. accordingly, have been written off as a charge to tee revenue fund, 4. Long-term Debt Under the terms of the loan agreement additional repayments can be requested by the Ministry, dependant upon differential revenue earned during the calendar year from preferred accomodation, and are calculated according to a formula determined by the Ministry. No provision has been made in the accompanying financial statements for additional repayments of principal which may be requested in 1979. During the period ended March 31, 1978, additional repayments of principal totalling $10,691 were requested. 5. Change in Year-end In accordance with Ministry of Health regulations the hospital has changed its year-end to March 31. Accordingly, these financial statements include the financial position of the hospital at March 31, 1978 and the results of its operations and the changes in its financial position for the fifteen months then ended. 6. Anti-inflation Legislation The hospital is subject to the.,anti-inflation regulations concerning employees' compensation and, in the opinion of the administration, is in compliance with these regulationS.