Greater Regional Health board of directors approved funding for various projects during its monthly meeting Monday, Oct. 28.
The board approved $5 million from its general fund for construction projects. An additional $82,000 was agreed to expand the north parking lot. Several concrete projects across the facility will benefit from $36,000. At the request of Matt Buck, $30,046 will be for new concrete at the gazebo and arboretum area, repair of the gazebo and maintenance garage.
Feldhacker Contracting was approved for $82,458 for 17 parking spaces in the north lot.
The board approved $5,000 for the establishment of a tuition assistance fund for Greater Connections Childhood Development Center.
Steve Schwiezer from Denman and Company reported on the hospital’s fiscal year 2024 audit. Their firm issued an unmodified opinion, which means there were no problems or inaccuracies found. He also presented comparisons with other public Critical Access Hospitals and Greater Regional compared favorably to others among many categories including debt levels, revenues and taxes levied.
Greater Regional appeared low in comparison of days cash on hand at 130. Chief Financial Officer Matt McCutchan said anything more than 90 is a strong cash position. He also said Greater Regional will be debt free in December 2026.