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San Joaquin General HospitalFunded Depreciation and Number of Days Cash Available
Policies and Procedures
San Joaquin General HospitalFrench Camp, California
May 31, 2009
San Joaquin General HospitalFrench Camp, California
June 23, 2015
New SJGH Financial Policies
San Joaquin General Hospital (SJGH) has several long-term liabilities or potential liability commitments and needs funds to support future projects
Replacement of 1932 Inpatient Towers Building: $32 million
Investment in new Information Systems Electronic Health Record system: More than $10 million
Current or contingent liabilities: In excess of $56 million AB 85 Realignment Take Back Medi-Cal Cost Reports and P-14 Workbooks
New SJGH Financial Policies
Recommendation: SJGH create a separate General Ledger account: Board Designated Funded Depreciation Allow SJGH to fund the purchase of future assets and to
pay for significant liabilities or contingent liabilities when needed
Recommendation: SJGH adopt Number of Days Cash Available Policy Goal is to maintain a minimum of 30 days cash on hand Funds will be held in County Treasury Pool and will be
managed by the County Treasurer
