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<br />serve on <br />Cash to debt ratio -- CCF shalt assure cash co debt ratio of 1:1 on a <br />year basis <br />Capital Expenditures <br />Hospital capital expenditures will average $5 million per year csver a <br />rolling IQ year period for investment in or replacement of physical plant, <br />acquisition of equipment and implementation of new programs; however <br />at least an average of $3 million, is expended annually over a rolling 3 <br />year period:. At least 75% shall be in the City: <br />Ki~ht to Manage (if cash flow from operations averages less than $3.0 In <br />million for any consecutive rolling three year period,}, CCF can assume <br />day to day management responsilailitics <br />CCF will provide $10 million to assist the Hospital in Ehe development or <br />imptrovement of programs and facilities. 75% wil'1 be spent on prbb~rams <br />and facilifies within the City: <br />.5 <br />CCF will use its best efforts to ensure its physicians who practice in the <br />Hospital's service area, including Westlake satellite, will maintain <br />Hospital privileges: Hospital and CCF physicians will participate in PHO. <br />In Compliance. Members of Regional management staff <br />have been placed at each of the Regional Hospitals. <br />Page 10 <br />