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CHAIRMAN TROUTMAN:
Would the hospital like to respond to that?
ARNOLD NUNNERY
Frank, I'll attempt to respond to that. I don't
know where you heard that we could make $4 million
a year. O.K. Dot said it. Oh. It would be possible
to do that. And it would be if we were operating
in a free economy. We are not operating that way. We've
got all kinds of regula tory agencies which dictate what
the rates are. And the only reason that we now can
accumulate what we propose to be $1.9 million in one year
is because we've been allowed to add income, or add
revenues, because of planned capital expenditures.
If the planned capital, expenditures do not occur,
then we have to allow for that be reducing our flow of
income by reduced rates. But the reason for trying to
accumulate funds during this period of time is simply
to reduce the amount of funds that have to be borrowed.
That's why we are accumulating funds right now at this
rate, and we'd love to pay as we go. You know, we'd
love to do that, but we could not do it and comply with
the regulatory authorities who have a great amount of
control over the rates that we charge. That applies,
not just to us, to all hospitals.
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