Much of what they said wasn’t any different than what they said to the Trigg County Fiscal Court on Tuesday, Jan. 18. They talk to both bodies every year to tell them about the financial state of the hospital as well as hospital’s accomplishments.
Alisa Coleman, Chief Executive Officer (CEO) for Trigg County Hospital, said they are operating in the black this year and hope to keep it that way by the time their fiscal year ends on April 30.
“While we’ve made improvements, we’ve certainly had some challenges throughout our fiscal year,” Coleman said.
Like she said at the fiscal court meeting, Elizabeth Snodgrass, the hospital’s Chief Financial Officer (CFO), the hospital operated at a loss of almost $200,000 at the end of the 2010 fiscal year, compared with a $500,000 loss at the end of the 2009 fiscal year.
Snodgrass also said that as of the end of December, the hospital was operating with 28 days’ worth of cash on hand, up from six days, although that number still needs to improve. She explained that cash on hand means the number of days the hospital could operate without any more money coming in.
Coleman said the hospital is looking at ways to increase revenue, including an expansion of physical therapy services and possibly building a new addition to include a surgical suite.
Dr. Michael Gross, chairman of the hospital board, and Ben Cundiff, chairman of the hospital’s finance committee, were also present.
Cadiz City Attorney Allen Wilson also talked about the legal responsibilities of the owners of homes that have been demolished and rebuilt as part of the housing rehabilitation project, which is funded by a $1 million Community Development Block Grant (CDBG).
Any recipients of that funding sign a five-year agreement to keep the property maintained,” Wilson said. “And if they don’t keep it maintained during that five-year period, then they may have to repay a portion or all of the grant funding that they receive.”
Allen then said that after the five-year agreement is finished, they’re subject to the same code enforcement as other property owners in the city.
Allen said no additional requirements can be added to ensure that homeowners who receive such home have to properly maintain their property, and that after five years, they have to follow the same laws that every other homeowner does.
Cadiz City Councilor Susan Bryant said that means the city needs to reinforce their standards and “put some bite” into the standards already on the books. She has, at previous meetings, asked what happens to property owners who receive the rebuilt homes and don’t maintain them properly.
In other business, the city council unanimously agreed to have the city apply for a $6,000 Kentucky League of Cities Safety Grant to pay for two trench boxes for the city’s street department.
Cadiz Police Chief Hollis Alexander explained that a trench box is used when workers are fixing and maintaining underground pipes to keep the dirt from caving on their work area.
Cadiz Public Works Director Kerry Fowler said the second phase of the city’s sewer improvement project had been delayed because of the weather but would start in the next few weeks.
And Cadiz City Councilor Frankie Philllips complimented the Cadiz Public Works Department for their efforts in clearing the snow last month.