| | MANAGER'S REPORT:
Bartlett Regional Hospital (BRH) requests an additional appropriation of $10,000,000 for FY20 hospital operations. After 9 months of operations, BRH has overspent its expense budget by $6.2 million. This variance was driven by increased patient volumes and spending on additional staff and supplies necessary to provide care.
BRH has also incurred unbudgeted expenses due to the COVID-19 pandemic. This amount currently is at $1,264,000.
This supplemental appropriation will be funded by CARES Act funding of $7,252,838. The remaining balance of $2,747,162 will be funded by the Hospital Fund’s Fund Balance. BRH anticipates receiving an additional $5,000,000 to $6,000,000 in CARES Act funding. If this funding is received, it will be used to cover the $2,747,162 that would have otherwise been paid for from the Hospital Fund's Fund Balance. | |