New York Codes, Rules and Regulations › Title 10 - DEPARTMENT OF HEALTH › Chapter V - Medical Facilities › Subchapter A - Medical Facilities-minimum Standards › Article 8 - New York State Annual Hospital Report › Part 444 - Description Of Accounts › Income Statements › Section 444.22 - Non-operating revenue and expenses description

Current through Register Vol. 46, No. 28, July 10, 2024
[3290]
(a) Nonoperating revenue and expenses include
						those revenues and expenses not directly related to patient care, related
						patient services, or the sale of related goods. The following accounts are
						required to be reported.
(b) 9010
						GAINS OR LOSSES ON SALE OF HOSPITAL PROPERTY. This account is credited for
						gains and debited for losses arising as a result of the disposal of hospital
						property.
(c) 9020 UNRESTRICTED
						CONTRIBUTIONS. All contributions, donations, legacies and bequests, that are
						made to the hospital without restrictions by the donors, must be credited to
						this account. When a hospital receives contributions in significant amounts,
						such contributions should be clearly described and fully disclosed in the
						income statement.
(d) 9030 DONATED
						SERVICES. Many hospitals receive donated services of individuals. Fair value of
						donated services must be recorded when there is the equivalent of an
						employer-employee relationship and an objective basis for valuing such
						services. The value of services donated by organizations may be evidenced by a
						contractual relationship which may provide the basis for valuation.
Donated services are most likely to be recorded in a
						  hospital operated by a religious group. If members of the religious group are
						  not paid (or are paid less than the fair value of the services rendered), the
						  lay-equivalent value of their services (or the difference between
						  lay-equivalent value of services rendered and compensation paid) must be
						  recorded as an expense in the cost center in which the service was rendered,
						  with the credit to this account.
(e) 9040 INCOME, GAINS AND LOSSES FROM
						UNRESTRICTED INVESTMENTS. Income, and gains and losses from investments of
						unrestricted funds must be recorded in this account.
(f) 9050 UNRESTRICTED INCOME FROM ENDOWMENT
						FUNDS. This account is credited with the unrestricted revenue and net realized
						gains on investments of endowment funds.
(g) 9060 UNRESTRICTED INCOME FROM OTHER
						RESTRICTED FUNDS. This account is credited with the revenue and net realized
						gains on investments of restricted funds (other than endowment funds) if the
						income is available for unrestricted purposes.
(h) 9070 TERM ENDOWMENT FUNDS BECOMING
						UNRESTRICTED. When restricted endowment funds become available for unrestricted
						purposes, they must be reported in this account.
(i) 9080 TRANSFERS FROM RESTRICTED FUNDS FOR
						NON-OPERATING EXPENSE. This account reflects the amounts of transfers from
						restricted funds to match non-operating expenses in the current period for
						restricted fund activities.
(j)
						9110 DOCTORS' PRIVATE OFFICE RENTAL REVENUE. This account is credited with the
						revenue earned from rental of office space and equipment to physicians and
						other medical professionals for use in their private practice.
(k) 9120 OFFICE AND OTHER RENTAL REVENUE.
						This account is credited with rentals received from other than doctors, other
						medical professionals and other non-retail rental activities for office space
						located in the hospital and for other rental of property, plant and equipment
						not used in hospital operations.
(l) 9130 RETAIL OPERATIONS REVENUE. This
						account must be credited with revenue earned from other retail operations such
						as gift shop, barber shop, beauty shop, drug store or newsstand located in
						space owned by the hospital.
(m)
						9150 OTHER NON-OPERATING REVENUE. This account is credited with non-operating
						revenue not specifically required to be included in the above accounts,
						including unrestricted tax revenue and funds appropriated by governmental
						entities.
(n) 9210 DOCTORS' PRIVATE
						OFFICE RENTAL EXPENSES. This account contains the expenses incurred in
						connection with the rental of office space and equipment to physicians, and
						other medical professionals for use in their private practice.
(o) 9220 OFFICE AND OTHER RENTAL EXPENSE.
						This cost center contains the expenses incurred in connection with the rental
						to other than physicians, other medical professionals and non-retail rental
						activities.
(p) 9230 RETAIL
						OPERATIONS EXPENSE. This cost center contains the expenses incurred in
						connection with retail operations such as gift shop, barber shop, drug store,
						beauty shop or newsstand.
(q) 9240
						MAINTENANCE OF NON-PAID WORKERS.
(1) This cost
						center is used to record the direct costs and accumulate the indirect costs of
						furnishing to nonpaid workers (as defined and described in 42 CFR 405-424) such
						fringe benefits, perquisites, maintenance and other items and services that are
						not furnished to paid employees occupying similar positions, and in situations
						where comparable fringe benefits, perquisites, maintenance and other items and
						services are furnished to paid employees occupying similar positions, and if
						the total cost applicable to nonpaid workers (imputed value of services, fringe
						benefits, perquisites, maintenance and other items and services) exceeds the
						total cost (salaries, fringe benefits, etc.) incurred on behalf of comparable
						paid employees, such excess is included in this cost center.
(2) Effective date for this cost center: cost
						reporting periods beginning in 1981.