943.03 BUDGETING.
(a) The Board of Governors shall have primary responsibility for the preparation of and submission to the Director of Finance of all proposed budgets and forecasts. The Board may delegate to the Hospital Administrator, and such other individuals as it deems necessary, responsibility for preparation of such budgets and forecasts.
(b) The Hospital Administrator will submit annually to the Director of Finance a five- year financial operations forecast. The five-year forecast will be prepared and submitted in accordance with time frames specified by the Director of Finance.
(c) The Hospital Administrator will submit annually to the Director of Finance a one- year operating budget for each of the funds maintained by the Hospital. Each budget will be prepared and submitted in sufficient detail to meet all applicable Charter, ordinance and general law requirements. Each budget will be submitted in accordance with time frames established by the Director of Finance in connection with the preparation of the City budget generally.
(d) The Director of Finance will review each budget submitted by the Hospital and submit each to the Wooster City Council for final approval.
(e) The annual operating budget for the Hospital will include direct and indirect charges for City services as recommended by the Mayor, Director of Administration or the Hospital Administrator and approved by Council and the Board of Governors of Wooster Community Hospital. The following are the correct procedures for handling direct and indirect charges, and deposit of interest moneys earned on investment of Hospital funds.
(1) The Hospital will reimburse the City General Fund for state audit costs or state-authorized independent public accounting firm costs. Only those costs, as apportioned by the auditors, to the Hospital portion of the audit shall be reimbursed to the City General Fund.
(2) Audit charges for an audit as performed by an auditing firm as specified in Section 943.02 (j) shall be paid by the Hospital.
(3) Charges for special legal counsel used by the Hospital shall be paid by the Hospital, when such services are requested by the Board of Governors of Wooster Community Hospital. Special legal counsel working on litigation in regard to Wooster Community Hospital, on the effective date of this subsection (e) shall continue to be paid by the Hospital.
(4) Services provided to the Hospital by the City’s Maintenance Division will be charged to the Hospital based on cost for time and material. No charge will be made for City equipment but if special rental equipment is needed rental charges will be paid by the Hospital.
(5) Interest derived from the investments of moneys in the Hospital Fund shall be credited to and deposited in the Hospital Plant Fund. Interest derived from the investment of moneys in the Hospital Plant Fund shall be credited to and deposited in the Hospital Plant Fund. Interest earned on the investment of moneys in the Hospital Endowment (Restricted) Fund shall be credited to and deposited in the Hospital Endowment (Restricted) Fund.
(f) The Deputy Director of Finance for Hospital Affairs will have the authority to certify as to the availability of all funds appropriated by Council for Hospital purposes. S/he will have the responsibility of assuring that each proposed expenditure of Hospital funds will be in compliance with applicable Charter, ordinance and general law requirements.
(g) The Board of Governors will have the authority to approve expenditures of funds appropriated for Hospital use from each of the Hospital Funds.
(h) The Mayor will have the authority to transfer appropriated funds from one line item to another within each Hospital budget or from one Hospital budget to another, as summarized in the format approved by Council. The Hospital Administrator will have the authority to transfer amounts between line items within the budget format utilized by the Hospital.
(Ord. 2006-4. Passed 3-20-06.)