ITEM TITLE:
Approval of the Providence Valdez Medical Center 2026 Operating and Capital Projects Budget
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: Operating Budget: $23.3MM; Capital Projects: $2.3MM
Unencumbered Balance: Operating Budget: $26.3MM projected revenue
Funding Source: Operating Budget: Operating Revenue
RECOMMENDATION:
Review and approve or provide direction to Providence management
SUMMARY STATEMENT:
Lindsie and Pauline from Providence Valdez will be in attendance to field questions related to the PVMC 2026 Budget
Providence Valdez Medical Center (PVMC), Providence Valdez Counseling Center (PVCC), and Capital Projects are presented for approval.
The 2026 Providence Valdez Budget is comprised of:
Operating Budget
• Hospital $22.7 million
• Counseling Center $0.6 million
• Capital Equipment $2.3 million
The 2025 PVMC Operating and Capital Projects Budgets include no cash contributions from the City. Providence Valdez will continue to provide cash-transfers where applicable, such as the physicians’ assistance program, capital, and/or capital projects.
The management contract between Providence and the City stipulates that budgets will be presented annually.