December 12, 2004

• Jim Brinkman presented the collections committee report. After review and discussion the report was approved.
  
  
• Cindy Rush presented a report on proposed mid-year wage adjustments calculated on the basis of the KHA Mid-year salary survey. There were only a few small adjustments needed at this time. Those adjustments have already been factored into the proposed 2005 budget. After review and discussion the adjustments were approved.
  
  
• Jim Brinkman presented the proposed 2005 budget. The budget reflects anticipated Net revenue of $11,361,811 and expense of $11,333,679. The budget is about 4.5% higher than last year. The change is due to a combination of both increased services and better reimbursement. No changes in charges were incorporated into the budget. Depending on further information some modest charge increases may be proposed later. The Board discussed the 2005 budget and approved it.
  
  
• The Board also discussed various planning issues including future construction and medical staff issues. No action was taken.
  
  
• The next Board meeting is set for January 11th at 8:00pm in the Clay County Medical Center dinning room.