OSU Medical Authority Agenda

OSU Medical Authority and Trust

June 23, 2022 at 1:15 PM CST
OSU Medical Center, 744 W. 9th Street, Administrative Boardroom

Agenda

1. Call to order and establishment of a quorum – Chairman Helm
2. Discussion, consideration and possible vote on the approval of minutes of the April 20, 2022 meeting - (ATTACHMENT 1) - Chairman Helm
3. CEO's Report (ATTACHMENT 2) - Mr. Polak
   1. Financial Report
      1. 5/31/2021 YTD financial report
   2. Legislative Session Review
   3. Transition to OnBoard system
4. Discussion, consideration, and possible vote to approve the Fiscal Year 2023 appropriated budget in the amount of $77,348,189 -  (ATTACHMENT 3) - Mr. Polak
5. Discussion, consideration and possible vote to approve the following FY 2023 expenditures subject to execution of necessary contractual agreements - Mr. Polak
   1. Payment to the Oklahoma Health Care Authority in the amount of $4,008,356.04 for Indirect Medical Educaion matching funds
   2. Payments to the Oklahoma State University for Health Sciences in the amount of $36,262,126:
      1. $28,927,141 - Dean's GME pass-through funds
      2. $300,000 - Reimbursement for residency program coordinator costs
      3. $500,000 - Nursing program startup funding (new legislative directive)
      4. $1,494,985 - Strategic joint physician hires with the Veterans Administration
      5. $5,000,000 - Academic Research Center funding (new legislative directive)
      6. $40,000 - Proportional costs of a fundraising agreement with the Oklahoma State University Foundation
   3. Payments to the Oklahoma State University Medical Trust in the amount of $26,827,706.96:
      1. $13,651,643.96 - Base educational subsidy
      2. $1,371,048 - Nursing workforce stabilization (new legislative directive)
      3. $11,805,015 - Capital funds for construction and renovations in accordance with the strategic plan
   4. Payments to Oklahoma State University in the amount of $10,000,000 to support polytechnical education (new legislative directive)
6. Announcements - Chairman Helm
   1. Next regularly scheduled meeting of the Authority is July 28, 2022 at the OSU Center for Health Sciences, 1111 W. 17th Street, Tulsa.
7. Motion and Vote for Adjournment - Chairman Helm