Preston says - funded depreciation serves as hospital district's savings account, not secret fund

Hospital district commissioner Joyce Preston offered information about a fund that has been misinterpreted by some residents during the regular board meeting on Aug. 25.

She explained that she had met with Adams County Treasurer Laura Danekas, who provided background information as well as explained various accounting procedures and industry acronyms in regard to the district’s funded depreciation.

“I did research because we’ve had so much disinformation and questions about our ‘secret fund’ that we don’t have. I spent a couple of hours with the county treasurer and found out kind of a backgro...