Wednesday, January 31, 2018

Nursing Home Payroll Loan


The financial situation at the Nursing Home and County budget continues to scrape by "paycheck to paycheck" it seems. This week they literally needed to get a loan to pay paychecks. From the News-Gazette today:
$170K advance ordered to help nursing home meet payroll

Champaign County Treasurer John Farney said Tuesday that he has ordered his staff to prepare a $170,000 advance from property-tax funds to help the county nursing home meet its payroll this Friday.

SAK Management, the suburban Chicago company that manages the nursing home for the county, notified Farney and County Auditor Diane Michaels on Tuesday that it will be unable to make payroll.

Farney said the cash advance is to be used only for employee pay and not for payments to vendors.

The treasurer said he can make the cash advances without county board approval. But he said the nursing home must begin to repay the amount “upon receipt of all deposits” starting Thursday “and continuing until the debt has been retired. There will be no exceptions.”

Earlier this month, the county board agreed to place the nursing home up for sale.

Bids for its purchase are due by Feb. 28.
It's certainly an inauspicious start for 2018 and any remaining hopes by Democrats and others to keep the home as a County asset, with the labor and service protections they see comes with that.

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