OMAK – Property owners in Hospital District No. 3 – Mid-Valley – will see a 1 percent increase in their property taxes for the district during 2020.
Mid-Valley commissioners, during their Nov. 12 meeting, authorized the additional tax collection. During 2019, the district collected $653,628 in property tax revenue. That’s scheduled to increase by $6,536 next year.
The total for collection in 2020 is $667,014, which includes the amount from this year, plus the 1 percent increase plus increases for new construction and state utility tax amounts.
The district also plans to collect $373,182 in excess levy funds approved previously by voters.
Tax revenue goes into the mix of $39.59 million in revenue expected by the district during 2020. The 2020 budget was approved during the meeting by commissioners.
Anticipated revenue includes $38.25 million in net operating revenue, $294,550 in other operating revenue and $1.05 million in tax mix. Patient revenue, before deductions, is expected to top $80.64 million.
Operating expenses are expected to be $38.66 million for net income of more than $1.44 million.
Salaries are expected to top $17.52 million, with employee benefits at $4.68 million. Depreciation expenses is pegged at $2.2 million, while other expenses are expected to be $14.24 million.
The 2019 budget anticipated $35.45 million in revenue and $35.58 million in expenses for a $126,530 loss. So far, the budget is showing a $3.1 million profit.
In other business, the board:
-Learned staff participated in the recent high school career fair.
-Learned the hospital was nominated for an employer award from the Governor’s Committee on Disability Issues and Employment. WorkSource nominated the hospital.
-Heard hospital-provided photos of newborns by Blu Elephant Photography are popular. The photos are posted on the district’s Facebook page.
-Learned the district is working on its updated community needs assessment implementation plan, which is required by the IRS because the hospital district has non-profit status.
-Heard updates on physician residency programs in the works with Washington State University’s Floyd medical school and Metro Health in Tacoma.
-Declared as surplus a bone densitometer, eye instruments, vacuum steam sterilizer, drill, two tourniquet systems and a cardio monitor.
-Learned the hospital staff’s annual Thanksgiving dinner will be Nov. 21.