OSU Medical Authority Agenda

OSU Medical Authority

Thursday, June 25, 2026 at 1:00 PM CDT to Thursday, June 25, 2026 at 1:15 PM CDT
OSU Medical Center, 2nd Floor Executive Boardroom, 744 W. 9th St., Tulsa

Agenda

1. Call to order and establishment of a quorum
   • Presenter: Mike Herndon
2. Discussion, Consideration, and Possible Vote on the Approval of Minutes of the March 26, 2026, Meeting
   • Presenter: Mike Herndon
3. CEO’s Report
   1. Financial Report
      • Presenter: Eric Polak
4. Discussion, Consideration and Possible Vote to Authorize Payment to the OSU Medical Trust of Legacy Capital Fund Proceeds in the Amount of $8,018,291.96
   • Presenter: Eric Polak
   • These funds will be restricted for use by the OSU Medical Trust for the specific purchases of equipment detailed in the attached documents. Payment is being made at this time to allow for the securement of purchase orders, payment of deposits and ultimate purchase of the specified items and services.
5. Discussion, Consideration and Possible Vote to Approve the FY 2027 Budget for Appropriated Funds
   • Presenter: Eric Polak
6. Discussion, Consideration and Possible Vote to Authorize the Chairman to Execute a Cooperative Agreement with Oklahoma State University for Fiscal Year 2027 in the Amount of $44,762,126
   • Presenter: Eric Polak
   • Annual renewal same as FY 2026
7. Discussion, Consideration and Possible Vote to Authorize the CEO to Execute an Agreement with the OSU Medical Trust in the Base Amount of $22,967,848 to Provide the Annual Operational Subsidy and Strategic Initiative Funding
   • Presenter: Eric Polak
   • This approval also authorizes an additional payment for strategic initiatives of $6,166,193 if dollars budgeted for state matching funds cannot be utilized for that purpose
8. Discussion, Consideration and Possible Vote to Authorize Payment to the OSU Medical Trust from the Psychiatry Residency Development Fund in the Amount of $257,646
   • Presenter: Eric Polak
   • Reimbursement is for the training costs of 3 psychiatry residents (1-PGYI, 1-PGYII, 1-PGYIII)
   • Balance of funding at 6/30/26 projected to be $2,840,743
9. Discussion, Consideration and Possible Vote to Authorize the Chair, or their Designee, to Execute an Agreement with the OSU Center for Health Sciences for Services of a Chief Executive Officer for the Authority in an Amount not to exceed $108,725
   • Presenter: Eric Polak
10. Discussion, Consideration and Possible Vote to Authorize the CEO to Amend and Execute Funding Agreements with Oklahoma State University for ARPA Funded Projects to Meet the Provisions of SB1134
    • Presenter: Eric Polak
    • Actions include:
      • the reduction of a previous sub award for the Human Performance Project by $16.2 million
      • execution of a new award in the amount of $16.2 million from state interest funds for the Human Performance Project
      • execution of a new award in the amount of $14 million from state interest funds for the expansion of the OSU Medical Center including the pharmaceutical research laboratories
    • Execution of agreements is subject to legal counsel approval
11. Discussion, Consideration and Possible Vote to Extend the Term of the Previously Awarded Behavioral Health Workforce Grants Through December 31, 2027
    
    • Presenter: Eric Polak
    • Tulsa Health Department - Completed Project
    • OSU Center for Health Sciences - Extend $63,000 in student loan reimbursement through 8/31/27
    • Saint Francis Health System - Extend $18,560 through 6/30/27
    • Parkside - $246,578 through 6/30/27
12. Discussion, Consideration and Possible Vote to Authorize the Chair to Execute the Annual Certification for Continuing the Level 1 Trauma Affiliation with Saint Francis Health System
    
    • Presenter: Eric Polak
    • This action was advanced with a recommendation from the Liaison Committee at their meeting on June 16.
13. Discussion, consideration and possible vote to approve the FY 2026 Audit Engagements with Forvis - ACTION
    
    • Presenter: Eric Atkinson
14. Announcements
    
    • Presenter: Mike Herndon
      
      1. Next regularly scheduled meeting of the Authority is August 27, 2026, at the OSUMC 744 W. 9th St., Tulsa
         
15. Motion and Vote for Adjournment
    
    • Presenter: Mike Herndon