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Show Beaver County Hospital Reports On Finances and Property Value (This is another in a series of articles prepared by members of the Beaver County Hospital Board, which we are publishing to help acquaint the residents of Beaver County with facts pertaining to the ownership and operation of the Beaver County Hospital). The following facts and figures will be of interest to the citizens of this county. The Beaver County Coun-ty Hospital, as we have explained in preious articles, is your hospital hos-pital because you own and govern it. The only standing debt owed j by the hospital is the mortgage acquired at the time the hospital j was purchased from Dr. E. N. Davie by the Milford Valley Memorial Me-morial Hospital Association. This mortgage was assigned to Slyvan Life Insurance Co. by Dr. Davie on Aug. IS, 1956. The balance due on this mortgage as of Jan. 1, 1959 is S1S.926.17, and is being paid off at the rate of $.200 a month plus interest at 3 payable monthly. All other accounts payable pay-able are operational expense, and are paid regularly. Assets include the buildings and land, recently evaluated by J. C. Smith, local banker, and D. E. Kirk, local realtor, at $18,000. Hospital equipment is valued at $17,000, and the expendable supj ply inventory at 5,000. Cash assets as-sets include $10,630 set up as a building fund and now in a savings sav-ings account at the Milford Slate Bank; S750 set up as a scholarship fund and also in a savings account. Also among hospital assets are active accounts payable in the amount of S22.40S.60. Accumulation of the building fund has occurred through the Ford Foundation grant of $1000 r plus interest, and small private donations. Donations to this fund may be made through the memorial memor-ial plan now functioning for this purpose, by simply notifying the hospital superintendent of your desire to make a contribution in lieu of floral offerings for a funeral. fun-eral. Any amount of money is i acceptable and welcome. Acknowledgment Ack-nowledgment of such a donation is made with an appropriate and attractive card to the bereaved family on the donor's behalf, and an acknowledgment by card to the donor on behalf of the hospital executive board. Of course all do-: do-: nations may be deducted from income in-come tax. j Readers should also bear in mind that the Beaver County 'Hospital is a non-profit corporation corpora-tion which offers this community low cost hospital care. The hos-jpital hos-jpital is also self-supporting and I non-subsidized, thus costing you jnot one penny in taxes. Also per- tinent to the subject of building j programs is this information: j A recent interview conducted ;by an executive board member jwith J. C. Smith and D. E. Kirk confirmed the board's conviction that expenditure for improvement j on the present hospital building j would be a poor economic venture unless the community were in .danger of losing its priority for Hill-Burton funds by a public health closing of the present hos-ipital hos-ipital plant |