A Resolution Authorizing A TEMPORARY INTERGOVERNMENTAL TRANSFER OF $4,000,000 FROM THE GENERAL FUND TO
THE HOSPITAL AUTHORITY OF COLUMBUS, GEORGIA (MUSCOGEE MANOR) TO FACILITATE
PARTICIPATION BY THE HOSPITAL AUTHORITY IN A FEDERAL PROGRAM FOR GOVERNMENT
OWNED OR OPERATED NURSING HOMES. whereas, the Federal Government has approved Upper Payment Limit Rate Adjustments
(Medicare/Medicaid) for government owned or operated nursing homes, and;
whereas, The Hospital Authority of Columbus, Georgia (Muscogee Manor) is a component
unit of the Columbus Consolidated Government and is eligible for approximately
$7,177,212 in federal funds for upper payment limit rate adjustments, and;
WHEREAS, In order to participate in the program, The Hospital Authority must
wire appr. 80% or $5,981,010 by March 1, 2002 to the Georgia Department of
Community Health, Division of Medical Assistance, in order to receive the
$7,177,212 on March 8, 2002, and;
WHEREAS, the Hospital Authority does not have adequate cash to facilitate this
transaction and has requested that the Consolidated Government provide
temporary funding in the amount of $4,000,000, and;
WHEREAS, the Hospital Authority of Columbus, Georgia board will meet on
Tuesday, February 26, 2002 to approve the repayment of the temporary funding
plus interest to the Consolidated Government.
1. The City Manager and Finance Director are authorized to temporarilty transfer $4,000,000 from General Fund to the Hospital Authority of Columbus, Georgia (Muscogee Manor) to facilitate participation by the Hospital Authority in a federal program for government owned or operated nursing homes. This temporary transfer is authorized by Columbus Charter Section 7-501 and is in the public interest.
2. The Hospital Authority will pay back the $4,000,000 plus interest from the date of the wire until the date of repayment (approximately 11 days) at a rate of two times the February 2002 Georgia Fund I rate as approved by their Board on February 26, 2002.
Introduced at a regular meeting of the Council of Columbus, Georgia, held the day of 2002 and adopted at said meeting by the affirmative vote of ________ members of said Council.
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