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Financial StatementsSTATEMENT L Detach top portion and mail with your remittance. FISHERMEN'S HOSPITAL INC. IN THE FLORIDA KEYS 3301 OVERSEAS HIGHWAY 12/19/74 MARATHON, FLORIDA 33050 TELEPHONE: 743-5533 F BOARD OF COUNTY COMMISSIONERS 500 WHITEHEAD STREET KEY WEST9 FLA, 33040 ATTN: RALPH WHITE I AMT. ENCLOSED S DATE DESCRIPTION CHARGES CREDITS BALANCE `12/19/74 AMBULANCE SUBSIDY FOR MONTH OF JANUARY. DUE JANI♦ARY 19 1975 1666.W FISHERMEN'S HOSPITAL, INC. Pay lest 3301 OVERSEAS HWY. — MARATHON, FLA. 33050 amount In this column I DATE ►URCNASED DR ACQUIRED //2— I{AR[. MAKR OR w_ _-- DATE YOUCNERNUMBER! NUMBER: NUMBER: S[RULL OR DISPOSED OF (SOLD. TRADED. TRAIWERRRD OR JUNKED) AUTNORI T NtN_ rAs[ RECORD /Q OF ITEMS - UTLIO NUMBERS FUND: /y71019 —yet ' M DEun �R�C�_�/3os , N.`j t 00, UNIT TOTGOST COST AL 1 9 G 3 L JESTIMAT'ED OEO. rEer. INV. I_nR B9AyE^ VALUE i REMARKS (INIIJ CONORIOMI i ) GOOD FAN ( -.4 4 ) POOR 0'. sEE RErERSE stall ►De ADDITIONAL ACOURNT. + IONR. rERPETDAL MITI . Towr. rNTRICAL _ DIrEN. 4, TORT. R[MARER. KPM 0R AND OT CtAT1 CIATI INFORMATION. ,lR! - _ (MAUL. TITLE OR POSITION. BEGDD(D{G R EMDIRG DATES OF JURISDK.7IOR) PROPERTT RECORD GOVERNMENTAL UNIT: '< i DUPLICATE To CUSTODIAN t _- DAVE H. LEASURE, JR. ADMINISTRATOR Ralph White Clerk of the Court P.O. Box 1680 Key West, Fla. 33040 Attn: Alvin Smith Dear Sir: Fishermen's Hospital, Inc. In the Florida Keys 3301 Overseas Highway Marathon, Florida 33050 January 17, 1975 Please find enclosed six (6) copies of the Ambulance Department report for the six months, July 1, 1974 thru December 31, 1974. MAH/jr Encs. Sincerely yours, a Michael A. Hawker Controller 00 i 0,15 PHONE 743-5533 FISHERIEN'S HOSPITAL, INC. sI:: ,,,Tmmts JULY 1, 1974 to DEC. 319 1974 INCOME Monroe County Subsidy per Contract Gross charges for Ambulance Transport Dross charges for ;fedical Services rendered during transport Less: Uncollected charges EXPENSES Salaries Fuel Maintenance Insurance Supplies and Expenses EXCESS OF INCOME OVER EXPENSES 5,419.40 218.91 1,128.44 388.46 1,089.60 7,375.00 757.00 $ 9,999.96 80132.00 18,131.96 3,325.00 14,806.96 8,244.81 $6,562.15 FISIIETIEN'S HOSPITAL, I",IC. SIY. ?'n,,711S JULY 1, 1974 to DF.0 . 313, 1974 IINCO11E Monroe County Subsidy per Contract Gross charges for Ambulance Transport 7,375.00 Dross charges for Medical Services rendered during transport 757.00 Less: Uncollected charges EXPENSES Salaries Fuel Maintenance Insurance Supplies and Expenses 5,419.40 218.91 1,128.44 388.46 1,089.60 $ 9,999.96 8,132.00 189131.96 3,325.00 14,806.96 89244.81 EXCESS OF INCOME OVER EXPENSES S6,562.15 FISHE-MIE;d'S HOSPITAL, INC. ST" 1I0'7IIS JULY 1, 1974 to DEC. 31, 1974 INCO, fE Monroe County Subsidy per Contract Gross charges for Ambulance Transport 7,375.00 Dross charges for Medical Services rendered during transport 757.00 Less: Uncollected charges EXPENSES Salaries Fuel Maintenance Insurance Supplies and Expenses 5,419.40 218.91 1,128.44 388.46 1,089.60 $ 9,999.96 8,132.00 189131.96 3,325.00 14,806.96 8,244.81 EXCESS OF INCOME OVER EXPENSES $6,562.15 FISI ETUIEN'S IiosriTAL, INC. SIX *tn'1TIIS DULY 1, 1974 to DEC. 311 1974 INCO*tE Monroe County Subsidy per Contract $ 9,999.96 Gross charges for Ambulance Transport 7,375.00 Dross charges for Medical Services rendered during transport 757.00 8,132.00 18,131.96 Less: Uncollected charges 3,325.O0 14,806.96 EXPENSES Salaries 5,419.4n Fuel 218.91 Maintenance 1,128.44 Insurance 388.46 Supplies and Expenses 1,089.60 89244.81 EXCESS OF INCOME OVER EXPENSES $61562.15 It lb FISHEmm W S HOSPITAL, I.:C. SI`, T`n'.ITIIS JULY 1, 1974 to DEC. 31, 1974 INCO'T Monroe County Subsidy per Contract $ 9,999.06 Gross charges for Ambulance Transport 7,375.00 Dross charges for Medical Services rendered during transport 757.00 83132.00 18,131.96 Less: Uncollected charges 3,325.00 14,806.96 EXPENSES Salaries Fuel Maintenance Insurance Supplies and expenses EXCESS OF n2COME OVER EXPENSES 5,419.40 218.91 1,128.44 388.46 1,089.60 8,244:81 $6,562.15 Fishermen's Hospital, Inc. In the Florieia Keys Dave H. Leasure, Jr. { 3301 Overseas Highway ADMINIlTRATOR Marathon, 1 loriJa, 33050 February 28, 1975 Ralph White Clerk of the Court P.O. Box 1680 Key West, Florida 33040 Dear Sir: Re: Ambulance Service PHONE 743-5533 From July 1, 1974, the ambulance service has been operated by Fishermen's Hospital. The minimum number of people required to operate one ambulance is two. From July 1, 1974 to January 31, 1975, there have been 5,160 hours covered by each of the two required people, a total for the ambulance to operate of 10,320 hours. During this time the salaries paid were $6,433,42 or an equivalent of 62G per hour. This does not include the occasional need for both ambul- ances to be out at the same time thus requiring four trained personnel. The ambulance service has to this date been operating with one full time Emergency Medical Technician with the assistance of other trained hospital personnel on their time. However, the time has come when this form of staffing cannot continue. The need for a second full-time EMT has long been recognized and efforts have been made to secure the services of a suitably trained person. Even with another full-time EMT on the ambulance staff, the hourly rate of pay for the time covered would only amount to $1.15 an hour. Since the hospital took over the ambulance service the previous insurance coverages held by both the County and the Monroe Volunteer Ambulance Corps have expired and together with the vastly increased costs of health and malpractice insurance we find that our equivalent monthly premiums amount to $337.00. .11 Page Two We have endeavored to give a fast and efficient service and to keep the economics of the service on a stable basis. The attached schedule is prepared to show a truer overall picture of the ambulance service for the months to come. I also enclose a seven month report - July 1, 1974 to January 31, 1975 - on the ambulance service. Yours faithfully, !3 Michael Hawker Controller cc: Mr. Fred Bee Mr. D. H. Leasure, Jr. Enclosures: 2 MH/flw FISHERMEN'S HOSPITAL, INC. Excess as shown by Statement Additional Expenses One E.M.T. Salary - 7 months 5,440.00 Insurance at rate of $337 per month for seven months 2,359.00 Less shown on Statement 568.00 1,791.00 ACTUAL EXCESS There were 219 charged runs from July 1, 1974 to January 31, 1975. The breakdown per run is as follows: $ 8,150.00 7,231.00 $ 919.00 County Subsidy $ 53.27 Transport and Services Income 46.77 100.04 Uncollected 18.42 81.62 Revised Expenses 77.42 EXCESS PER RUN $ 4.20 v 0 FISHERMEN'S HOSPITAL, INC. SEVEN MONTHS JULY 1, 1974 TO JAN. 31, 1975 INCOME Monroe County Subsidy per Contract Gross charges for Ambulance Transport Gross charges for Medical Services rendered during transport Less: Uncollected charges EXPENSES Salaries 6,433.42 Fuel 290.05 Maintenance 1,197.52 Insurance 568.96 Supplies and Expenses 1,235.45 EXCESS OF INCOME OVER EXPENSES 9,335.00 908.00 $ 11,666.62 10,243.00 21,909.62 4,034.00 $ 17,875.62 9,725.40 $ 8,150.22 Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. 3301 Overseas Highway ADMINISTRATOR PHONE 743-5533 Marathon, Florida 33050 May 23, 1975 Ralph White Clerk of the Court P. 0. Box 1680 Key West, Florida 33040 Re: Fishermen's Hospital Ambulance Service Dear Sir: The attached audited statement shows an excess of income over expense for the ten month period July lst, 1974 to April 30th 1975 of $11,765.24. The remaining two months of the year should not alter this position to any significant degree. It is our intention to hire a second Emergency Medical Technician as soon as a suitable applicant can be found,th13 will provide the staffing necessary for the ambulance service. This alone will double our present salary cost and so reduce the excess to an acceptable level. We believe that 11onroe County should renew the contract with Fishermen's Hospital under the same terms as presently in force, and that they should withhold any advance of funds until the excess of income over expense is reduced to a sum of $3,000.00. At this time a re-evaluation of the monthly subsidy required will be made by both parties. Your faithfully, Hawker Controller MAH / lw cc: William Carter J. Calvin Hill John E. Linebaugh FISHERMEN'S HOSPITAL, INC. STATEMENT OF INCOME AND EXPENSES - AMBULANCE SERVICE FOR THE TEN MONTH PERIOD ENDED APRIL 30, 1975 JOHN G. PARKS. JR., C.P.A. DENNIS M. BISHOP. C.P.A. JOHN K. HUTCHINGS. JR.. C.P.A. P. O. BOX 1206 - KEY WEST 805-294-6607 P. O. BOX 907 - MARATHON 80E-743-6666 PARKS, BISHOP & HUTCHINGS CERTIFIED PUBLIC ACCOUNTANTS 2432 FLAGLER AVENUE KEY WEST, FLORIDA 33040 Board of Trustees Fishermen's Hospital, Inc. Marathon, Florida PROFESSIONAL BUILDING 2807 OVERSEAS HIGHWAY MARATHON, FLORIDA 33050 MEMBERS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORID^ INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS We have examined the statement of income and expenses - ambulance service of Fishermen's Hospital, Inc. for the ten month period ended April 30, 1975. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying statement of income and expenses - ambulance service of Fishermen's Hospital, Inc. present fairly the results of its operations for the ten month period ended April 30, 1975, in conformity with generally accepted accounting principles. CERTIFIED PUBLIC ACCOUNTANTS May 22, 1975 Marathon, Florida FISHERMEN'S HOSPITAL, INC. STATEMENT OF INCOME AND EXPENSES - AMBULANCE SERVICE FOR THE TEN MONTH PERIOD ENDED APRIL 30, 1975 Income: Monroe County subsidy per contract $16,666.60 Gross charges for ambulance transport $13,715.00 Gross charges for medical services rendered during transport `1,412.00 15,127.00 Less uncollected charges at April 30, 1975 _ 4,979.53 Total income Expenses: Salaries 9,386.56 Fuel 523.67 Insurance 1,649.76 Maintenance 1,405.21 Supplies and expenses ` 2,083.63 Total expense Excess of income over expenses _10,147.47 26,814.07 15,048.83 11 765.24 JOHN G. PARKS. JR.. C.P.A. DENNIS M. BISHOP. C.P.A. JOHN K. HUTCHINGS, JR.. C.P.A. P. O. BOX 1206 - KEY WEST 305-294.6607 P. O. BOX 907 - MARATHON 305-743.61386 PARKS, BisHOP & HUTCHINGS CERTIFIED PUBLIC ACCOUNTANTS 2432 FLAGLER AVENUE RRY WEST, FLORIDA 33040 PROFESSIONAL BUILDING 2807 OVERSEAS HIGHWAY MARATHON. FLORIDA 33050 Board of Trustees Fishermen's Hospital, Inc. Marathon, Florida: MEMBERS AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS We have examined the statement of income and expenses -ambulance service of Fishermen's Hospital, Inc. for the seven month period ended January 31, 1975. Our examination was made in accordance with gener- ally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying statement of income and expenses -ambulance service of Fishermen's Hospital, Inc. present fairly the results of its operations for the seven month period ended January 31, 1975, in conformity with generally accepted accounting principles. CERTIFIED PUBLIC ACCOUNTANTS February 28, 1975 Marathon, Florida FISHERMEN'S HOSPITAL, INC. STATEMENT OF INCOME AND EXPENSES - AMBULANCE SERVICES For the Seven Month Period Ended January 31, 1975 Income: Monroe County subsidy per contract $112666.62 Gross charges for ambulance transport $ 99335.00 Gross charges for medical services rendered during transport 908.00 100243.00 Less uncollected charges at January 31, 1975 4,034.00 6,209.00 Total income 17,875.62 Expenses: Salaries 6,433.42 Fuel 290.05 Insurance 568.96 Maintenance 1,197.52 Supplies and expenses 19235.45 Total expense 9,725.40 Excess of income over expenses $ 89150.22 r Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. Box 68 ADMINISTRATOR PHONE 743-5533 Marathon, Florida 33050 February 27, 1976 Monroe County Commissioners Court House Key West, Florida 33040 Attention: Mr. Ralph White Dear Mr. White: The attached financial statement for the ambulance operation here at Fishermen's Hospital shows a loss for the period July lst, 1975 to January 31st, 1976 of $10,988.63. During the first year of operation, July 1st, 1974 to June 30th, 1975, the excess was $13,174.38. From this you will see that the net excess for the total period is $2,185.75. In our letter of May 23, 1975, we stated that we would renew the contract for the 75-76 year and not request any subsidy from the County while the net excess remained above $3,000.00. We now submit our bill for $814.25 We will forward monthly statements for the balance of the contract period, together with further bills, and at the end of that time will furnish you with an audited statement of the year's operation. Sincerely yours - Dave H. Leasure, Jr. Administrator DHL/lw Enc. t W W O O to 01 Ul 00 zi 1J FJ O W IW .A IN �r v w W IEd I.- W, iJ 00 Ul V Ul m x v m z N m (N W, V W W ko N io W N W N V N to f.. W CD v to W N 01 -Pb OO 00 0 N io V 01 Ul W 01 IJ Ul L%) N O Y kD N r-I w N N VM W m W OD W Ol Ul 01 Ul (N (N TI 3 ►-+ W c/ c c 01 :3 a �I ;+ -S C7 J. J. CD a CD N N W 0 ct O fD N � n [D m x -O cD O N (D IJ 0) Ul W 01 4h V 1--I W O � N V 1J OO O Pb (0 m O O O N LJ to V m -Pb to V O -Pb rJ ►- W O I-+ to V 01 00 O 01 01 4-b Ul O O .O to V to V m m 1-+ 1--' W O V W 1J O O O N Li 00 4�b 00 N O 01 -' ? N IV N U7 :o cn � 01 01 0 D1 v Ul 00 O O F-I lD ►J W m 00 00 ul V O N CO W Ul ;n Co w o ►J O 71 O -P O O O v � w w 70 Cn V N W O .o W ? V a1 O1 00 (n O O V w 4�- 4::b 1-A D1 00 V (o co I- ? ? O 01 O1 O :3 O IJ W V O ;J W A IV O O J ? N N V V D 0) -Pb L%) co Ul D 00 N W O1 O D 6 o cn io 6 a -P. N o co 0 J 1V W V D U1 01 4�b V -P- V 01 JD I --I O V W V OO un O v 1J A) N V V W O P. Ul N -A w O V 71 Ul I --A FJ Ul A -' ►-+ 1J 00 N ►-+ JJ W O W U1 (o V 01 V � .A 1-+ .v O V 113 W O .J to 4b PI IJ O CD CL O+ .Oe O n N fD Al 'p O O C/1 C+ C fD m c0+ < C 4< J. m cl z (n m C N m 1T N J. Q �G F-+ V V N U7 O N V O O 1-A+ Y 01 O O F-+ 1V 1V O 6 0 f-+ 0 O CD O iJ 00 O O N 0 00 O O O T: W O W cn 0 w 01 V Q W 0 V 01 4�:b (.n O N IJ V 1--/ Ul 1 to -Pb V Ul Ul O O O Cr C N to C 1 00 lO (G � O 0 0 ►J y fD �I O 1 :. V V C+ 01 0 O O F, 0 0 a 00 c+ I O o 6 0 O o I- O 1 V V w cn 0 CD O O 1--I o 1 O co -Pb O O O O O N 00 I ? Pb -Pb Ul O O O O m2moro, I 1-+ 00 00 U9 cn o O o S ►-+ Ln I Y Y w O 00 W Ul Ul w cn o N Ul O 01 O O OD W A W 1--I W W V w W p4-b (n O OO U� co C r D Z f7 m O .Q rn �-i D D C) D ►-y r z m � o m z_ (N S O N a r z Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. Box 68 ADMINISTRATOR PHONE 743-5 33 Marathon, Florida 33050 April 5, 1976 iir. Dan Kolhage P. 0. Box 1630 Key ,hest, Florida 33040 Dear Mr. Kolhage: Further to our phone conversation of today, I enclose copy of the Income and .Expense Summary for the Ambulance operation at Fishermen's Hospital during the period July lst, 1974 to TMtarch 31st, 1976. As you will see from this, there is a deficit of $10,203.46. Please remit this figure to the hospital. I will furnish you with an Income and Expense Summary for the remaining months of the contract period with either a further billing or our check dependent upon the results. I. will also contact you next week concerning a meeting between yourself and representatives of the hospital to discuss a new contract to be effective July 1st, 1976. Yours truly, 'tic el 11awker Controller 1.1AH / lw Enc. Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. Box 68 PHONE 743-SM ADMINISTRATOR Marathon, Florida 33050 April 22, 1975 '1r. William Carter Monroe County Court house P. 0. Box 1630 Key West, Florida 33040 Dear Mr. Carter: Further to our meeting today we have set out below some of the items discussed. The hospital operates on the accrual system of accounting. This is required by the law covering our participation in the Medicare program. As the Ambulance operation is part of the hospital business, this must also be recorded on the accrual system. The contract that we have been operating under has been one that called for a "cash basis of accounting." A conversion to a "case basis" is a complete duplication of work for us, and furthermore, does not give the monthly management reports necessary to effectively budget or cost the operation. It is our proposal that we convert to an accrual basis of accounting effective July 1, 1976. Any revenues received in the 76-77 year that relates to the 75-76 year will be added as additional income to insure full crediting of money received during the change over period. It is also our desire to convert all of our insurance policies relating to the Ambulance operation to expire on a June 30th date, which will coincide with our contracts with 'Ionroe County. We propose to submit to you monthly income and expense statements, and if a deficit occurs to enclose our billing. If an excess occurs, we will hold that amount and apply future deficits to it prior to billing you. - 1 - Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. Box 68 (ONE Lc'' ADMINISTRATOR ��`� Marathon, Florida 33050 April 22, 1976 Page - 2 - William Carter Key West, Fla. 33040 Based on this, we submit our budgeted figures for the 1976-77 year based on the accrual basis. Revenue:- $ Gross Charges 20,000.00 Less esimated Bad Debt Provision 5,000.00 "let Revenue 15,000.00 Payments received in 76-77 relating to / 000, — charges in 75-76. , Total Revenue 1610500.00 Expenses: - Vehicle Equipment ;iaintenance 1,500.00 Fuel 1,000.00 Insurance thru 6/30/77 4,000.00 Medical Supplies 13,000.00 Licenses, Tolls, etc. 200.00 Accounting & Billing 2,200.00 Further Education 500.00 80% of Salaries of 2 E.T-ITII and 2 Drivers 29,600.00 Employee Benefits & Cost (?,Workmen's Comp. Insurance, Health Insurance, Unemployment Tax.) 310000.00 Total Expenses $43,000.00 27, 000• Subsidy needed to break even $ S continued Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. BOX 68 ADMINISTRATOR PHONE 743-5533 Marathon, Florida 33050 April 22, 1976 Page - 3 - William Carter Kev ?lest, Fla. 33040 If it is decided that the contract must still operate tinder a cash basis system, then these are our 1976-77 budgeted figures. Revenue:- S Gross Charges 20,000.00 Less uncollected (based on experience) 71,000.00 Total Revenue 13,000.00 Ex-penses :- Vehicle Equipment and Ftaintenance 1,500.00 Fuel 1,000.00 Insurance thru 6/30/77 4,000.00 Medical Supplies 1,000.0n, License,,Tolls, etc. 200.00 Accounting & Billing 2,500.00 Further Education 500.00 30% of Salaries for 2 EMTII and 2 Drivers 29,600.00 Employee Benefits & Costs (Workmen's Comp. In.s., Health Insurance, Un- employment Tax) 3,000.00 Total Expenses $43,300.00 Subsidy needed to break even $30,300.00 Your f ' hfully, Michael A. Ha«ker , Controller AMBULANCE OPERATION AT FISHERMEN'S HOSPITAL Income and Expense Summary - July 1st, 1974 to April 30th, 1976. INCOME : - Gross Transport Charges $30,865.00 of Medical Service Charges 4,110.05 34,975.05 Less Uncollected charges 8,990.94 Total Collected charges 25,984.11 Monroe County Subsidy July 74-May 75 18,333.26 May 76 10,203.46 28,536.72 Total Income $54,520.83 EXPENSES: - Insurance $10,492.11 Maintenance 1,930.28 Fuel 1,489.60 Supplies & Expense 6,355.11 Salaries 33,002.24 Total Expenses $53,269.34 Total excess July 1st, 1974 to April 30th, 1976 $1,251.49 DAVE H. LEASURE, JR. ADMINISTRATOR Fishermen's Hospital, Inc. In the Florida Keys P. O. Box 68 Marathon, Florida 33050 *4arch 16, 1,976 Afonroe County Commissioners Court House Key West, Florida 33040 Attention: Pir. Ralph White Dear Tor. White: The attached financial statement for the ambulance operation of Fishermen's Hospital during the month of February 1976 shows a loss of $880.62. Per February 27th billing: July 1975 to January 1976 $814.25 February 1976 880.62 Total Now Due $1,694.87 Please remit to my attention. 1 f.: Dave H. Leasure, Ir. Administrator DHL/lw PHONE 743-5533 DAVE H. LEASURE, JR. ADMINISTRATOR INC0 IE, ; Fishermen's Hospital, Inc. In the Florida Keys P. O. Box 68 Marathon, Florida 33050 AMBULANCE OPERATION FEBRUARY 1976 Income Transport $2 295.00 Medical Service 332.00 Total 2,627.00 EXPENSES; Bad Debts 140.00 Insurance 458.80 Maintenance 37.89 Fuel 142.71 Supplies & Expense 517.92 Salaries 2,210.30 3,507.62 LOSS FOR MONTH 880.62 PHONE 743-5533 10 AMBULANCE OPERATION AT FISHERtF.N'S HOSPITAL Income and Expense Summary - July 1st, 1974 to March 31st, 1976. INCOME: - Gross Transport charges $28,905.00 " Medical Service Charges 3,825.80 32,730.80 Less Uncollected charges 10,800.29 Total Collected charges 21,930.51 Monroe County Subsidy 18,333.26 Total Income $403-263.77 EXPENSES: - Insurance $10,492.11 Maintenance 1,917.23 Fuel 1,338.46 Supplies & Expense 6,029.75 Salaries 30,689.68 Total Expenses $50,467.23 Total Deficit July 1st, 1974 to March 31st, 1976 $10,203.46 µP�w(lie C( ot Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. Box 68 PHONE 743-5533 ADMINISTRATOR Marathon, Florida 33050 April 21, 1976 '.r. Dan Kolhage P. 0. Box 1680 Key [lest, Fla. 33040 Dear Mr. Kolhage: As you requested during our telephone conversation of April 21, I am submitting an explanation of the financial statements forwarded to you of Feburary 27, March 16, and April 5, (copies attached). In May of 1975 representatives of Fishermen's Hospital met with William Carter from Monroe County to discuss the renewal of the contract between Fishermen's Hospital and Monroe County regarding the Ambulance operation. At this time, among other items, we discussed the accounting and reporting procedures, together with the appropriate distribution of any further subsidies. It was verbally agreed at that time, that the hospital would, in accordance with its own accounting methods, record the Ambulance operation on an "accrual basis" and would forward an "income and expense" summary to the County at the time that the accumulated excess of income over expense, based on the "accrual basis of accounting" became less than $3,000.00. A letter (c) covering some of these points was sent to you on May 23, 1975. In accordance with this, the first two statements (a) and (b) were forwarded to you. On March 18, 1976 I received your telephone conversation stating that the County could not reconize a situation whereby a funded operation of this type could operate at an excess. While this reversed the earlier verbal agreement, your point was well taken. The third statement (d) was then drawn up in accordance with the signed agreement of June 25, 1975 between the Hospital and the County, namely, that of "accounting" on a "cash basis." The "cash basis" concept recognizes only revenues actually received and expenses actually paid. The two main areas of differences between the cash and accrual I asis, in this instance, are the uncollected revenues and the insurance expense. The uncollected revenues are those revenues that have not physically been received, althoug:z payment will probably be made at some later date, either by an insurance company or the patients. -1- 4 Irl • Fishermen's Hospital, Inc. In the Florida Keys DAVE H. LEASURE, JR. P. O. BOX 68 PHONE 743-5533 ADMINISTRATOR Marathon, Florida 33050 Apr. 21, 1976 ir. Dan Kolhage Key [,lest, Fla. 33050 Page -2- The insurance premiums are paid annually to cover the period of one year in advance. This expense will actually be accounted for at the time of payment in one lump sum, instead of the "accrual basis" of spreading the expense evenly over the 12-month period of the insurance coverage. I hope that this explanation is sufficient to explain the differences between the statements forwarded to you, of which only statement (I'd") is a valid record- ing of the Ambulance operation at Fishermen's Hospital in accordance with the agreement in effect. 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U.)1-+ Ul tD F (D V U) UI W 00 V N .P W 6•+ O O N CJl N CT t7 O Ili O CA p 14 Pb . 11 co Z n r` iM S �q f a K AMBULANCE OPERATION-,,''t FEBRUARY 1976 t t � v 1 rs � � ., e�•r �,yrki ¢� A�-t+ l - _� + + Y~. � >,+ '''� ° I r ` r INCOME .'1 - a* � , T.'hf •+ r r ,� drr. b•..' --j i z'+� f (a ,;,,..r ''' - ° . ;z r e y Income Transport �" $2,295.00- t Medical` Service rr �' 332.00, ,-Total 2,627.�00•.• r EXPENSES • Bad Debts ( 140.00' Insurance 458.80_� • -Maintenances' Y 37.89 •� r� Fuel Y 142.71 z ' 3 =p. Supplies 6 Expense Salaries.--,.,,,;2 210. 30 _.. 3.507.62 - sa - � { '3• ., �,tJ'`• '�+ y i '� rd �}{6t".' yr ( `.`7 C' ��'� �-a's`' `g a + i 8' ti • �"�" ,F. _ � ..y,�l.. ;.-r • m "P� '.. --"� r�••.. qfS, +s ._ Y ' i+ � s:. y .. r ti3 ,�'Ss+, : :� 5-W k ,4• �. °_. �' e �`"a LOSS.;,FOR-_MONTV� _ ". 8�80. 6�2 - L -" � ..�,.rt .i r, . ;•� �. >< cC3 t-±.' t i.:.y.t r� x�� C �t.:...i+ ,#`°P...'"' 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Box 1680 Key West, Florida 33040 Re: Fishermen's Hospital.Ambulance S Dear Sir: The attached audited statement shows an excess of income over expense for the ten month period July 1st, 1974 to April 30th 1975 of $11,765.24. The remaining two months of the year should not alter this position to any significaLt degree. it is our intention to hire a second Emergency ,'riedi.cal Technician as soon as a suitable applicant can be found t�2t will provide the _.r staffir&g necessary for the Fuuuuiance service. This alone will double our present salary cost and so reduce the excess to an acceptable level. We believe that Monroe County should renew the contract with Fishermen's Hospital under the same terms as presently in force, and that they should withhold any advance of funds until the excess of income over expense is reduced to a sum of $3,000.00. At this time a re—evaluation of the monthly subsidy required will be made by both parties. Yours faithfully, Michael A. Hawker Controller MAii/lw cc: William Curter J».Calvin Hill John E. Linebaugh GDAMBULANCE OPERATION AT "ISHERMEN'S HOSPITAL Income and Expense Summary - July 1st, 1974 to March 31st, 1970. INCOME: - Gross Transport charges 11 Medical Service Charges Less Uncollected charges Total Collected charges Monroe County Subsidy Total Income- EXPENSES: - Insurance Maintenance Fuel Supplies & Expense Salaries Total Expenses Total Deficit July 1st, 1974 to March 31st, 1976 $28,905.00 3,825.80 32,730.80 10,800.29 21,930.51 18,333.26 $40,263.77 $10,492.11 1,917.23 1,338.46 6,029.75 30,689.68 $50,467.23 $10,203.46 DAVE H. LEASURE, JR. ADMINISTRATOR Fisheripen's Hospital, Inc. Ini the Florida Keys / P. O. Box 68 Marathon, Florida 33050 Mr. Dan Kolhage July 23, 1976 P.O. Box 1680 Key West, Fla..33040 Dear Mr. Kolhage: PHONE 743-5533 I enclose our final statement for the two year period ending June 30, 1976. As you will see, this shows a further subsidy due of $2297.85. This is the last statement under the old contract method of "cash basis accounting", in the future, in accordance with our new contract, the financial statements will be on an accrual basis.,, As we mentioned before, any of the uncollected charges,shown on this financial statement in the amount of $10580.18, that are collected subsiquent to June 30, 1976 will be treated as additional revenue in the new contract year. If you have any questions please feel free to call me. Yours faithfully, c a 1 .gker Controller MAH/jr cc: D. Leasure, Jr. I AMBULANCE OPERATxON AT FISHERMEN'S HOSPITAL Incane. and Expense Sum ry - July 1st, 1974 to June 30th, 1976 On a Cash Basis of Accounting. INCOME: - Gross Transport Charges of Medical Service Charges Less Uncollected charges Total Collected charges Monroe County Subsidy July 74 - May 75 May 76 Total Inomie EXPENSES: - Insurance Fuel Supplies & Expense Salaries Total Expenses 18,333.26 10,203.46 Total excess July lst, 1974 to June 30th, 1976 6.] $34,120.00 4,528.05 38,648.05 10,580.18 28,067.87 28,536.72 $56,604.59 10,410.11 2,001.75 1,731.72 7,304.22 37,454.64 $58,902.44 C` 1 101 Q q A6 DAVE H. LEASUR':, J11. August 1.7, 19716 In tht" viorida Keys 11. 0. 1-101 6S hlarath.cn. Fioi-ida 3s0!10 Vir. Dan Kolhage 11. O. Box 1680 Key West, Flo-rida. 323040 Dear Mr. Kolhage: I enclose the July Ambulance financial statement. As you will see the subsidy for this month is $1,201.07, this is low(.---�r thf.in some of the future months will be due to the credit of $1,041.80 relating to monies collecte,-A on accounts previously billed to you as uncoi.l.ected. The insuxance expense was charged in the previcus financial sta-te- ment. This will. start again around October 1.976. If you have any questions, -Ff--ql free to call. Fie. Sincerel v michae _A . F 'IV, - Controller Y,A11/lw Eric. 0 WIONE 1141J-r-1�111`* In *khe Florida Keys PAVE H. LEASURE, Jet. P. 0. 11 C, 6 2 rrtt f��•� __ee ADf'tMM(i;TriA TOR ONE 43—jig_,O Marathon, Florid:. 3305; MC%N7,;rt 0I1, ,TU_T..,Y 1976 AMRULF,`';CI: OPEPA`PION Income: - Tran snort Medical. Services Payments received on prior year's uncollected accounts Expenses: - Bad Debt Provision 25% of I`Ionthly Charges Maintenance l Fuel Supplies & Expense's Salaries Insurance - already charged in prior years Total. Subsidy needed for mionth of UulY 76. $1,400.00 9 �00 1,493.00 1,041.80 $2,534.80 ..,_�373.s`5� 260.01 129.90 49 5.86 2,476.85 $3,'735.87