The new County treasurer continued espouse his financial concerns about the Nursing Home and whether SAK, the company managing it, will struggle to make payroll again. From the News-Gazette:
County treasurer: Financial challenges keep coming for nursing home
A $150,000 short-term advance payment to the Champaign County Nursing Home has been repaid, but more difficult financial times lie ahead for the institution, the county treasurer warns.
The loan from county collector funds, needed to help meet payroll two weeks ago, has been repaid, said County Treasurer John Farney. The advance had to come from emergency funds, he said, not from county general funds that would have required county board action.
There's another payroll of about $240,000 coming up later this week, he said, and the nursing home had only about $160,000 on hand Monday morning.
"They haven't told me yet whether they're going to need help," Farney said of the management company, SAK Management Services LLC, which runs the facility.
But SAK officials said Monday night that a $130,000 payment from Moline Healthcare is expected this week and would be sufficient to cover the shortfall.
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