ITEM TITLE:
Approval of the Providence Valdez Medical Center 2025 Capital Budget
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $328,000
Unencumbered Balance: $24.7M Projected Revenues
Funding Source: Operating Revenue
RECOMMENDATION:
Review and approve or provide direction to Providence management
SUMMARY STATEMENT:
Providence Valdez CEO Melanee Tiura and CFO Lindsie King will be in attendance to field questions related to the PVMC 2025 Capital Budget
The capital budget is typically presented alongside the operating budget (presented on the November 6th Council Meeting) for PVMC, however, the capital budget was not available in time for publication.
The PVMC Capital Budget is not to be confused with the PVMC Capital Projects budget which was also presented at the November 6th Council Meeting.
The 2025 PVMC Operating Budget, Capital Budget, and Capital Projects Budget include no cash contributions from the City, instead, are funded by revenues associated with hospital operations at PVMC.