Revised May 2009

A. CHAPTER OUTLINE

B. CHAPTER SUMMARY

C. ADMINISTRATION OF DISTRICT FINANCES

• General Considerations
• Budgeting
  • Amendments
• Receipt, Disbursement, And Investment Of Funds
• Obtaining The Best Rates For Custodial Banking Services

D. REVENUES AND RECEIPTS OF THE DISTRICT

• Section Summary
• Washington Property Tax Structure, Generally
• Washington Tax Levies
  • Regular Levies
  • Limitations On Regular Property Taxes
• Priorities And The Application Of Property Tax Rules
  • What Happens Within The $5.90 Cap?
  • Priorities Under Law
  • The Hospital District Hypothetical
• Special Or Excess Levies
  • Hospital District Excess Levies
  • Getting Voter Approval For Special Levies
• Bond Levies
• EMS Levies
  • What Can The Levy Be Used For?
  • Who May Levy The Taxes Authorized?
  • What Types And Levels Of Taxes Are Available?
• Timber Taxes
  • Calculating Local District Receipts

E. PATIENT REVENUES

• Section Summary
• Discounting
  • Is A Discount A Gift?
  • Is There Authority To Grant Discounts?
• Charity Care

F. BORROWED FUNDS

• Section Summary
• General Ability To Borrow
• Types Of Borrowing Devices
  • General Obligation Bonds
  • Unlimited v. Limited General Obligation Bonds
  • Revenue Bonds
  • Refunding Bonds
  • Warrants
  • Other Types Of Short-term Obligations
• Swap Agreements
• Limitations On Borrowing
  • Specific Provisions
  • Federal Tax Issues
• Other Issues Relating To Borrowing

G. HOSPITAL DISTRICT PAYMENT ISSUES

• Section Summary
• Paying Out Taxes
  • Taxation In General
  • Washington State Taxes
  • Business And Occupations Tax
  • Sales And Use Tax
  • Real Estate Excise Taxes
  • Leasehold Excise Tax
  • Washington State Property Taxes
  • Federal Income Tax
• Gifting Of Funds And Stock Ownership

H. THE AUDITING PROCESS

• Section Summary
• The State Auditor’s Office
  • General Duties Of The State Auditor
• The Audit
  • Single Audits
  • Contesting A Finding
  • Payment For State Auditor’s Services
• Attorney General’s Office
  • Contract Audit