The bankruptcy judge has instructed our county hospital and the children’s hospital to negotiate.
No one has come forward with an explanation that makes sense as to why the children’s hospital has to pay rent to the county hospital when the voters are paying for the construction of the children’s hospital with bonds.
It seems that the county found a way to get paid for something that we are already paying for.
If I am correct our county hospital administrator recently said that the payments were not actually for rent. Instead they were to pay for the inevitable depreciation and wear and tear on the building over the next several years.
If that were the case we could expect to see the amount placed in reserve on the county hospital’s financial statements. It wouldn’t be right to spend that money on regular county hospital expenses. I don’t see such a reserve on their statements.
Also if they need to collect for the eventual refurbishing of the children’s hospital as a matter of sound financial governance they we should expect to see the county hospital accruing money in a similar fashion for their own building. I don’t see anything like that on their financials either.
We deserve better