CCH Board Meeting March 1, 2016
CCH Board Meeting March 1, 2016
Finance committee meeting always starts off the three hours of the meetings
Off Broadway Lofts December 31, 2015 becomes a part of CCH from Partnership
3 million increase transfer enterprise community Partners to Coalition
Off Broadway Lofts 1% partner of the general partner CHFA and other approval from the city
disregarded entities real estate owned by partnership owns limited and full partnership
Budgeted net gain by $500,000.00
Coalition does not include the five or 6 entities that make consolidated partnerships
MEDICAID made progress 41,510 medicaid encounters through December 31.
Budget linear for the health center, there are pronounced changes in the line items
1 million through December 31, contributions
2.2 million cash flow
medicare 653,000 and medicaid 257,000 increase from last year. takes longer to collect money than before have to be very clean on submittal and time frame medicaid takes longer there is a lot of denials. fluctuates 27 days went down to 20 days.
take fifteen days to 30 days to go through. Medicaid is cleaner resolve them faster.
cash flow 230,000 net of 1.8 million 300,000 paid early 2015 to pay of the construction claims.
line of credit best news paid down 900,000 in the last two weeks. will pay off rest of this to zero.
500 to a million would be a decent line of credit to have.
nervous how the cash flow never moves
U.S. Bank run like a book transfer through a transfer
HRSHA financial measures they no longer use any more
still tracking quality outcomes we need to track ratios dash board
tracking cash on a consistent basis, dash board approve operational budget
financial covenants on everything done annually not monthly
liquidity would be a great thing to share with the board
cash flow from operations pay for operations – 2 million dollars
January numbers by next meeting in April?
untouched from several weeks ago in the budget
summary budget Delta major categories from year to year.
based on current state
2015 revised on actuals
grant funded salaries
projecting general expenses consolidating HUD grants
make sure that they spend all of the $.
adjust for changes
material change in how we have to do business
personnel budget 3.5 % salary increase not reflected in the budget
6 months $350,000 cost for this increase of 3%
$250,000 capitol needs that are necessary in the last 3 years 750K standard accounting gap
anything that will be flowing back into the Coalition unrestricted resources in the Coalition.
early exit from the Off Broadway Property.
list two properties for sale Garfield property was listed last week realtor Grant Muller fielded 4 offers they will be presented later $450,000.00 not in budget
can budget the gain on the sale on the sale.
Kresgee not hitting the income statement because it is not a cash flow because it is based on the principal.
family is living there who has no other options single family not immediately
diversion to core mission globally not a strategic interest
rental assistance Renaissance Children’s Home Family Support Services multiple activities grants went away fund them anyway 3 million unrestricted dollars who do not have enough funding – rural – $250,000,00 rental vouchers $35.00 from the state – fund $200,000.00 good yield for resources that we could not get in any other way. Private housing vouchers net benefit to the consumers.
have to come from private courses medicaid revenue indirect fund raising dollars sources for the revenue for these programs
become more efficient cut more money and raise more money.
Renaissance Children’s Center misleading unfunded cost twice 400,000 dedicated childcare dollars market these credits $600,000.00
other budget Health Care Center empirically centered: behavioral health 11,000 visits HCQ medicare pays a lower rate medical a little higher 26,000 visits dental 14,000 huge opportunity support additional dental teams this is medicaid.
dental fine productivity model well constructed budgets 48,000 encounters
how much increase did we budget run rate for 4th quarter productivity and expectation empirically based medical side based on improvements commitment to Dave Otto’s group. manager’s estimates for 2016.
slightly UP nowhere near 20% rise from 2015.
federally qualified visits FQV’s
not billable services community resources where they can get services enabling contacts are not billable 100,000 annually
HUD grant funding increased by 1.8 million dollars.
HRSHA 550,000 dollars increased expansion grant awards
foundation expectations revenue 500,000 dollars increase
can we do another 1/2 million dollars
interest income much less than before
developer fees 900,000 less
CICP primary care 450,000 new awards less and less money available for it
uninsured pots of money
how is this distributed
30% uninsured still this is covered through state funding
I wonder what the demographics of these people is? Immigrants who are illegal? children unaccompanied
made paying back the loan a higher priority than paying the raise based on a legal obligation
They’re willing to take a look at the whole thing
4th partnership that comes into the Coalition
OVERALL BUDGET SUMMARY BUDGET IN LARGE CATEGORIES
3,000,000.00 loan repaid extend the terms of the loan 2 years, pay off 1 million annually
HOW ARE WE IN THIS SITUATION?
Medicaid revenue has not run in projections
I would stop paying at all on the deal – pay for success meeting a variety of metrics we proposed loan forgiveness require their foundation board we will have to pay that back.
POOR ALWAYS SQUEEZED 7 of ten measures which have been met
extending the loan miffed about this extension program officer support from foundation staff and board
some forgiveness of the interest.
4% all interest 1% if we met the metrics
sad definitely uncalled for FUNDING
March 10 committee is meeting JYNX IS RUNNING THIS WINE TASTING EVENT the event will be at Stout Street Health Center
Campaign Funding Plan for 2016 4 areas that they’re running development of grant, coordination of volunteers 3 million in charitable support
the grant side of this is not included 68% of donors best practices 85% increase retention looking for new donors
great stewardship experience tandem with education and advocacy educate the community feeling really good about providing the largest provider of services for families and individuals in Colorado.
300,000 pieces of mail early march april may annual tax summary direct solicitations foundations and giving campaign with United Way 9% higher than last year
TANGER is speaking about the Citizen Advocacy Board
we’re doing workshops a number of people are attending training at the Convention Center March 31 and April 1
Charles is doing Program Committee presentation
University of Denver study of Stout Street Health Center
give summaries to the board
CATHY education and advocacy almost a MONTH JOHN TESTIFIED ON RIGHT TO REST
hold people accountable
Center on Law and Policy Unclaimed Property Funds Max Tyler
North Colorado Station.
Ground breaking for Broadway Center
President’s Report: SIB Social Impact Bond