May 30 , 2006

• Roger Johnson, CPA, of Wendling, Noe, Nelson & Johnson presented the annual audit report.  The report included discussion of the Medicare Advantage program and the treatment of depreciation.  After review and discussion the report was approved.
• Jim Brinkman, CFO, presented the financial reports.   After discussion the Board approved the report.
• Deb Wietharn, Board Member and Capital Acquisitions Committee representative presented the recommendations from the Committee for Capital purchases.  The items were:

  Two Olympus CYF-5 Flexible Cystoscopes for a total cost of $15,086.30

  A set of Cystoscopy instruments for a total cost of  $13,243.50

  A Medivator Cystoscope Cleaning System for $10,346.25

  A high flow insufflator for $6,806

  A Copeland Discus semi-hermetic air-conditioner compressor for a cost of $9,356

  CPR training manikins for a cost of 9,904.52

  After review and discussion the requests were approved.

• The groundbreaking for the “Building for the Future” construction project is set for Monday June 5, at 10:00am.  Construction will begin after the groundbreaking.

• The board discussed additional planing issues including future equipment needs and the bond agreement arrangements.

• The next Board meeting is set for Tuesday, June 13th at 8:00pm in the Clay County Medical Center dinning room.