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The Salem Memorial District Hospital received their annual audit report Thursday night at the their regular board meeting. Eddie Marmouget from BK&D Accounting, LLP was in attendance to go over the report with the board. Marmouget reported that the hospital had a very good year as their total assets increased from $12,097,804 in 2009 to $13,241,453 in 2010. The long-term debt was reduced over $365,000 while unrestricted cash funds increased over $1,000,000. Marmouget pointed out that the net operating revenues of the hospital increased 12.9% from 2009 to 2010 as the hospital showed an excess of revenues over expenses for the year of $940,782. He also reported that the Statement of Cash Flows showed that the hospital increased their cash balance in 2010 over $70,000 even after over $1,000,000 had been invested. Marmouget said that his report reflected no material weaknesses in the audit and that the significant deficiencies continued to be the segregation of accounting duties (which is always pointed out because of the limited staff), the Rural Health Clinic revenue cycle, the audit adjustments that have to be made to third party payers as well as the Medicare and Medicaid cost reports. These audit adjustments included accrued expenses, self-insurance claims incurred but not recorded and the account receivable contractual allowances. Marmouget said that the hospital had an operating margin of 2.39% which is better than the norm of 1.41% for hospitals in rural Missouri. The profit margin for the hospital in 2010 was 5.36% which is more than double the normal rate for rural hospitals. Marmouget stated that the hospital long-term debt to capitalization was 10.76% while the norm for Missouri rural hospitals in 26.28%. He said that the hospital had 75 days of cash on hand but he would prefer that number to be close to 100. He said that the gross revenue per adjusted discharge at the Salem Hospital is $7,667 while the norm for rural Missouri is $14,314; and the operating expenses per adjusted discharge is $3,838 while the norm for rural Missouri is $6,693. Marmouget wrapped up his audit report by saying that the hospital is running extremely efficient and is a real bargain for the patients here compared to other rural hospitals.
The Dent County Commissioner met for their regular meeting Thursday morning at the Dent County Courthouse. In the road report, District One Commissioner Dennis Purcell said that grading was going to be done on Dent County Roads 6333, 6335, 6493 and 6497; and brush was going to be cut on Dent County Road 5680. Purcell said that the patching of a number of chip and seal roads was going to be done with the main road being Dent County Road 6240. He said that two workers would be screening gravel and others would be repairing a tandem dump truck. Purcell was also going to be attending a Bio-Mass Conference today put on by the Missouri Forest Resources Advisory Council. In District Two, Commissioner Gary Larson reported that two crossover pipes were being installed on Dent County Roads 4290 and 4480; and that materials were going to be added and grading done to both roads. He also said that pothole patching was going to be done on various roads and brush was going to be cut on Dent County Road 3090. Presiding Commissioner Darrell Skiles wanted to let the public know that the MRPC Annual Dinner and Awards Banquet would be held on Tuesday, November 9th at Linn State Tech in Linn, Missouri. Four people from Dent County will be honored and they are Jay Anderson, Jim and Diane Boulware, and Lane Howard. Tickets are available at $25.00 each and interested people can all 573-265-2993. At the last meeting, David Dittman with the Bank of Salem brought to the commission the lease/purchase agreement for the 2007 Chevy Tahoe for the Dent County Sheriff’s Department. The amount of the agreement is for $21,500 with three installments that will be due annually on October 31st. The vehicle was delivered on Tuesday. Also at the last meeting, Rob Heberer with Erb Equipment came in and brought the commissioners the lease/purchase agreements on the two 2010 graders. The commissioners signed the agreement and the graders were delivered on Monday. The next meeting of the Dent County Commissioners will be held Monday morning at 9:00 at the Dent County Courthouse and the meeting is open to the public.
An accident occurred at 10:30 Wednesday evening in Dent County on Highway H about two miles west of Salem. According to the highway patrol report, a 2008 Ford Focus driven by 24-year old Laken Ramsey of Salem was traveling westbound on Highway H and struck a deer. Ramsey suffered minor injuries and sought her own treatment. She was wearing a seat restraint at the time of the accident. The Ford Focus sustained moderate damage and driven from the scene by the owner.
The Salem Football Tigers will travel to St. James tonight in a “must win” situation to remain in the hunt for a district championship as the two Tigers will square off at 7:00. Salem enters the game with a 5-3 record overall, but they are 0-1 in district play. You can hear the game tonight on KSMO Radio and online at ksmoradio.com starting at 6:30 with Tiger Talk and Coach Bill Schuchardt. (Salem won game, 35-13 and Owensville beat the School of the Osage, 19-14.)
The Missouri Tigers will host the Oklahoma Sooners tomorrow night starting at 6:00 on KSMO with the pre-game show with the contest to start at 7:00. Both Missouri and Oklahoma enter the game with 6-0 records. Missouri is ranked #11 nationally while Oklahoma is ranked #1.
The St. Louis Blues will host the Chicago Blackhawks tonight starting at 7:00 ,and tomorrow night they will host the Pittsburgh Penguins also at 7:00. You can catch the 3rd period tonight on KSMO after the Salem football game.
The Salem Lady Volleyball Tigers play in District play Monday against St. Clair at Owensville. Game time is set for 5:00 and you can hear the game on KSMO radio and ksmoradio.com.
The St. Louis Rams will face Tampa Bay Sunday while the Kansas City Chiefs will play Jacksonville. Both games will start at noon.
Funeral services for Rita L. Quick of Salem, age 65, will be held this morning at 10:00 at the Wilson Mortuary in Salem. Interment will be in the Round Pond Cemetery. Memorials may be made to the Round Pond Cemetery.
Funeral services for Leroy Wallis of Rolla, age 85, will be held today at noon at the James and Gahr Mortuary in Rolla. Interment will be in the Cedar Grove Cemetery with Full Military Honors. Memorials are suggested to the VFW Post 2025 of Rolla.
Funeral services for Floyd Millard Gibbs of Salem, age 98, will be held today at 3:00 at the Wilson Mortuary in Salem. Visitation will be from 1:00 until service time. Interment will be in the North Lawn Cemetery with Full Military Honors. Memorials may be made to the First Baptist Church.
Funeral services for Bernice Fay Duckworth of Salem, age 95, will be Saturday at 2:00 at the Wilson Mortuary in Salem. Visitation will be from 12:30 until service time. Interment will be in the Dry Fork Cemetery.
Funeral services for Jacob "Jake" Samual Ray of Salem, age 18, wil be held Tuesday at 2:00 at the Wilson Mortuary Chapel in Salem. Interment will be in the Cedar Grove Cemetery. Visitation will be held from 6:00 to 8:00 Monday. Memorials may be made to the family.
Today..Partly cloudy, high of 75.
Tonight..Mostly cloudy with a 30% chance for showers late, low of 56.
Saturday..Mostly cloudy and breezy with a 40% chance for showers and thunderstorms, high of75.
Saturday night and Sunday..Cloudy with a 50% chance for showers and thunderstorms, low of 58, high of 72.