Sibley Medical Center

“All management services are provided by ridgeview medical center.”

“Ridgeview medical center is the sole member of ridgeview sibley medical center.”

“Directors are elected by the ridgeview medical center board. Any director may also be removed by the ridgeview medical center board.”

“The board of directors will carry out the duties normally associated with a nonprofit hospital board of directors, subject to the reserved powers of the member and the city below. The member reserves authority with regard to the matters listed below, subject to the reserved powers of the city included thereafter. The member will look to the board to make recommendations on decisions on matters listed below, but the member is not required to accept such recommendations, and the member may take action on its own in such areas, subject to the city's reserved powers. The member's approval will be required for any action proposed by the board in these areas: (a) final appointment of board members; (b) issuance of debt by the corporation; (c) sale of substantial assets of the corporation; (d) changes in the corporation's articles of incorporation and bylaws; (e) establishment of another member relationship by the corporation or another form of affiliation; (f) strategic plan for the corporation; (g) operating and capital budgets of the corporation; (h) unbudgeted total annual capital expenditures; (i) audit and compliance programs; (j) accreditation programs; (k) group employee benefits; (l) managing the corporation's cash and investments (the member may move funds between the organizations freely, subject to bond covenant or trustee requirements); (m) third party payer contracting; (n) insurance; (o) information system design and implementation; and (p) group purchasing. The city's approval will be required for the decisions of the board in the following areas: (a) sale of all or substantially all of the corporation's assets; (b) sale of assets above thresholds allowed by bond covenants; (c) issuance of debt which would obligate the corporation in excess of levels allowed by bond covenants; and (d) changes to the corporation's articles of incorporation or bylaws.”

“There are no other committees that can act on the behalf of the governing body.”

“The cfo reviewed the form 990 and provided copies to the board of directors for review prior to filing.”

“The board members annually review and sign the statements for potential conflicts of interest. Each member is expected to disclose any conflict of interest that may arise during the year. If it is determined that a conflict of interest exists, the situation will be examined and handled appropriately by the board.”

“Any compensation received by officers or board members is determined by ridgeview medical center, the sole member.”

“The financial statements, governing documents and conflict of interest policy are available upon request.”

“Medical services and other miscellaneous services: program service expenses 1,791,649. Management and general expenses 994,854. Fundraising expenses 0. Total expenses 2,786,503.”

“The process for oversight and selection of the independent accountant has not changed from the prior year.”