Fulton County Medical Center

“Fulton County Medical Center has a CPA firm prepare its form 990. The return is completed in draft form and reviewed by the CFO.”

“A conflict-of-interest form is completed annually by all officers, directors, and key employees. any possible conflict of interest on the part of a director must be disclosed to the board. The forms are reviewed by the President/CEO. When any interest becomes a matter of board action, the director is not to vote or use personal influence on the matter and is not counted in the quorum for a meeting at which board action is to be taken on the interest. The director may, however, briefly state a position on the matter and answer pertinent questions of board members. the minutes of all actions taken on such matters clearly reflect that these requirements have been met. it is the obligation of each board member to act in the best interest of the medical center. all board information is confidential and is not to be used or discussed other than for appropriate medical center business. failure of a director to maintain the confidentiality of board information is grounds for removal.”

“The board of directors serves as a compensation committee and reviews and adjusts the compensation of the President/CEO based on evaluations and comparable data. The human resources department either with the help of an outside compensation consultant or independently or both, gathers comparable data and provides information to the board of directors when it is requested. The CFO receives cost of living adjustments as approved through the budget Fulton County Medical Center process by the board of directors each year. The president/CEO, in collaboration with the HR department, reviews and adjusts the compensation of the CFO based on performance and comparability data. If needed, the HR department conducts a survey to gather comparability data and gives this information to the president/CEO when it is requested. This information is shared with the Board of directors for informational purposes.”

“The organization makes its governing documents, conflict of interest policy and finacial statement avaliable upon request. The documents are also avaliable at the annual meeting which is open to the general public.”

“Professional Fees: Program service expenses 2,019,220. Management and general expenses 216,591. Fundraising expenses 0. Total expenses 2,235,811. Purchased Services: Program service expenses 5,236,618. Management and general expenses 1,413,974. Fundraising expenses 0. Total expenses 6,650,592. Other Fees: Program service expenses 0. Management and general expenses 358,439. Fundraising expenses 0. Total expenses 358,439.”

“Pension Liability Adjustment 1,529,302. Valuation Gain 79,170. Net Periodic Pension Benefit Cost -201,353.”