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June 03, 2005
KUAM REPORTS JUST NOT ENOUGH FUNDS TO GIVE EARLY CHRISTMAS PRESENTS TO HOSPITAL STAFF
You can only give it when you have it, just ask Phil Flores!
KUAM reports that:"An update of the Guam Memorial Hospital's finances during a board of trustees meeting revealed that GMH's profits are in the red by $7,900,000. And although Guam's public sector will be executing Governor Felix Camacho's plans to restore increments to staffers, Hospital employees will not be seeing such an increase in their paychecks this month. Board chairman Phil Flores said, "I'd love to pay [increments], but we just don't have the money...we just can't afford it." Board member Dr. Brian Bates chimed in, adding, "If we can't pay the Retirement Fund, how can we pay increments?"
Mindy Fothergill further states that:"Among the financial woes is the Hospital's growing debt to the GovGuam Retirement Fund. Payments have not been made for at least the last five pay periods, totaling more than $1,900,000. With the arrival of Retirement Fund director Wilfred Aflague as GMH's acting associate administrator next week, the board unanimously agreed that a payment plan needs to be drafted to pay the Fund what it is owed. Additionally, the board raised concerns about the Governor's approval of Bill 118, allowing employees of both GMH and the Department of Education to retire. Acting administrator Peter John Camacho told the board it would cost nearly $48,000 per pay period just to pay the interest for those wanting to retire from GMH.
Additionally, acting medical director Dr. Bevan Geslani raised concerns about positions that continue to struggle because of the Hospital's financial struggles. Geslani said, "Unless there's some concrete plans that are going to be shared with the medical staff, vendors are going to be paid - we're still going to be faced with the same kind of challenges." Chairman Flores agreed, asking that those affected positions join in and call on lawmakers to provide funding for the Hospital to pay its bills."
So, boys and girls, unless you have the moolah, there ain't gonna be increments.....I don't care how good your intentions are....pure.......and.....simple, just ask Peter F. Drucker!
Posted by auntiecharo at June 3, 2005 10:47 AM
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