PENDER CARE CENTRE
Board Minutes
February 28, 2011

The regular meeting of the Board of Directors for the Pender Care Centre was convened in open and public session on Monday, February 28, 2011 at 7:00 PM at the Pender Community Hospital in the meeting room. Board members present were Brian Kent, Dave Duffy, Bob Morgan, Don Heineman and Leon Svoboda. Also present were Richard Thomason, CEO/Administrator, Pender Community Hospital; Melissa Kelly, CFO, Pender Care Centre; Pat Lichty, Administrator, Pender Care Centre; Kelly Kaup, Pender Community Hospital taking minutes; and Brian Monsma, Mercy Medical arriving late.

Notice of the meeting was given 10 days in advance of said meeting, according to law. All proceedings of the Board of Directors were recorded while the convened meeting was open to the public.

Chairperson Kent called the meeting to order at 7:01 PM.

Minutes of the February 2, 2011 meeting were reviewed. Duffy moved to accept the minutes as presented. Seconded by Morgan. Motion carried.

Kelly presented the Pender Care Centre District, Inc. financials for Oct, 2010. Patient days at the end of October were 751. Cash on hand as of October 31, 2010 was $243,157.93. The nursing home had approximately 103 days of revenue in accounts receivable at the end of October, 2010. This has decreased slightly since the end of September and we would like to continue to see it decline. The nursing home's operating margin at the end of October is approximately (9.0%) compared to a benchmark of 5%. Days of cash on hand are approximately 62 days. This will even out in November with a transaction between Prairie Breeze and Pender Care Centre. This is below the target of 90 days required by the USDA. However, the USDA will look at this in combination with Prairie Breeze, which continues to be above 90. Employee costs represent just over 53.0% of total operating expenses, which is well below the 59.25% target. The facility is slightly above 8 years for the Average Age of the Plant and has been seeing a slightly upward trend for this measure over the past several years. EBIDA to assets for the nursing home at the end of October is around (4%) which we would like to see this at 0 and closer to 10%. Cumulative operating income is $128,533.13 and net loss is ($2,440.95) through October. The nursing home needs the average census to be 29 for breakeven and as of the end of October it was at 24. Kelly also presented the Prairie Breeze financials for October. Patient days as of the end of October were 397. Cash on hand as of October 31, 2010 was $287,480.93. The assisted living was slightly under 40 days of revenue in accounts receivable at the end of October. The facility's operating margin is approximately (1.0%) compared to a benchmark of 5%. This is showing an upward trend over the last couple of months. Days of cash on hand is slightly over 300 days at the end of October. As such, the target of 90 days required by the USDA has been met and now just needs to be maintained. The facility is right at 1.5 years for the Average Age of the Plant. EBIDA to assets for the end of October for the assisted living is right at 0%. Cumulative operating income is $33,338.31 and net income is $1,950.34 through October. Year to date the Assisted Living is showing a loss of $943.71 which is less than initially projected for the facility. Heineman made a motion to approve the October financials as presented. Svoboda seconded. Motion carried.

Lichty gave his administrative report on Prairie Breeze. There are currently 12 residents at the facility. There were approximately 50 people in attendance for the Valentine's Party where Thais Frieling was crowned Queen and Milon Tonjes was King. A Resident Survey has been created for each of the residents at Prairie Breeze to complete. This will be used as a tool to indicate any deficiencies that the residents would like changed. The surveys will be returned to Pender Community Hospital for confidentiality purposes. Lichty then reported that there are 32 residents at the Care Centre with 5 on Medicare. They also had a Valentine's Party will approximately 100 people attending. Sharon Albus was crowned Queen and Bud Lueders was King. One statistic that Lichty reported was that last year we had 15 residents that actually went back to their homes. This is a wonderful statistic that shows that people do return to their homes after being at the Care Centre for a time. Lichty is currently looking for an Activities Director. After 4 years of service, our current Director has decided that the driving has become too expensive and she has accepted a position closer to her home. Lichty also stated that since PCH has adopted a new logo he has also been thinking about a new logo. He is thinking that the Care Centre will invite the public to create a new logo for the Care Centre. The creator of the logo that is chosen will possibly receive a $100 prize. He also stated that the financials for PCC should look better in the near future as they are currently clearing up some existing debts.

With no other business to discuss, Morgan made a motion to adjourn at 7:32 pm. Seconded by Svoboda. Motion carried. Meeting adjourned.