Common Contracts
1 similar Operating Agreement contracts
SUBJECT: Operating Agreement for Ambulance ServicesOperating Agreement • May 5th, 2016
This Operating Agreement was first entered into on June 18, 2007. Since then, it was revised on July 1, 2015 at that time we more specifically described expenses to be included in the terms of the agreement, and changed the method of reconciling subsidy payments annually. The 2007 contract involved a subsidy that was to be used to readjust future budget subsidy payments. That methodology has not been very practical, and the County wound up accumulating a significant pre-paid subsidy which the Hospital did not recognize as a true liability, and therefore removed it from its books, thereby reducing the County’s designated fund balance by $403,987.
