New York Codes, Rules and Regulations › Title 10 - DEPARTMENT OF HEALTH › Chapter V - Medical Facilities › Subchapter A - Medical Facilities-minimum Standards › Article 9 - Residential Health Care Facility Uniform Reporting › Part 453 - Mandatory Reporting Levels › Section 453.3 - Listing and definitions

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Current
					 assets.
(1) Cash.
(2) Savings accounts.
(3) Certificates of Deposit. These assets,
					 paragraphs (1)-(3), represent the amount of cash on deposit in banks that is
					 immediately available for use in financing various fund activities, amounts of
					 cash that are on hand for minor disbursements, and amounts of cash that are
					 held in savings accounts and certificates of deposits.
(4) Investments. Current securities,
					 including U.S. government securities, other current investments, share of
					 pooled investments, cash and investments held in escrow, evidenced by
					 certificates of ownership or indebtedness, should be included in these
					 reporting levels.
(5) Accounts and
					 Notes Receivable. These assets should reflect the amounts due from residential
					 health care facility patients and their third-party sponsors.
(6) Allowance for Uncollectible Receivables
					 and Third-Party Contractuals. These are valuation type (or contra-asset)
					 reporting levels. Credit balances represent the estimated amount of
					 uncollectible receivables from patients and third-party payors.
(7) Receivables from Third-Party Payors.
					 These assets reflect the estimated amount due from third-party reimbursement
					 programs based on cost reports which will be submitted or have already been
					 submitted and/or audited. Other levels should be maintained for each year's
					 settlement if more than one year's settlement is included in an estimated
					 amount, and by program if separately reimbursed.
(8) Pledges and Other Receivables
					 (Pledges).
(9) Due from
					 Parent/Subsidiary/Affiliate. These assets, paragraphs (8) and (9), reflect
					 pledges, grants and legacies due the facility as well as miscellaneous
					 receivables due from staff, employees, affiliates, and interest receivable. An
					 allowance for the estimated amount of uncollectible pledges should also be
					 reported.
(10) Due from Other
					 Funds. These assets reflect the amounts due between funds. These balances
					 should not be construed as receivables because they do not represent external
					 claims. Instead, these balances should be viewed as representing assets of the
					 general funds that are currently accounted for as restricted funds.
(11) Inventory. These assets reflect the cost
					 of unused supplies. Perpetual inventory records should be maintained and
					 adjusted periodically to show actual amounts of supplies on hand. These
					 adjustments should be applied to the inventory and distributed to the
					 requisitioning cost centers. The extent of inventory control and detailed
					 recordkeeping will depend on the size and organizational complexity of the
					 residential health care facility.
(12) Prepaid Expenses. These prepaid asset
					 and other asset levels represent costs incurred that are properly chargeable to
					 a future accounting period. Other current assets not included elsewhere can be
					 included here.