Oregon Administrative Rules › Chapter 411 - DEPARTMENT OF HUMAN SERVICES, AGING AND PEOPLE WITH DISABILITIES AND DEVELOPMENTAL DISABILITIES › Division 70 - NURSING FACILITIES/MEDICAID GENERALLY AND REIMBURSEMENT › Section 411-070-0465 - Uniform Chart of Accounts

Current through Register Vol. 63, No. 7, July 1, 2024
The following account definitions will be used to classify the
				dollar amounts on the Nursing Facility Financial Statement (NFFS). The account
				balance is to be reported in whole dollars under the facility gross column on
				the NFFS and referenced by the providers' chart of accounts number. It is the
				provider's responsibility to ensure that the balances reported reconcile to
				their fiscal year statements and general ledger balances with any differences
				explained on Schedule A to Form SPD 35 or SPD 35A. The provider is responsible
				for making adjustments to these accounts for non-allowable items and amounts
				using the adjustment column to arrive at the net allowable balance. Each
				adjustment is to be explained on Schedule A to Form SPD 35 or SPD 35A.
(1) CURRENT ASSETS -- The following accounts
			 include cash and other assets reasonably expected to be realized in cash or
			 sold, or consumed during the normal nursing facility operating cycle, or within
			 one year when the operating cycle is less than one year.
(a) 101 -- Cash on Hand -- This account
			 balance represents the amount of cash on hand for petty cash funds.
(b) 102 -- Cash in Bank -- This account
			 balance represents the amount in a bank checking account.
(c) 103 -- Cash in Savings -- This account
			 balance represents the amount accumulated in a savings account.
(d) 104 -- Resident Trust Account -- This
			 account balance represents the amount of resident funds entrusted to the
			 provider and held as cash on hand in the bank.
(e) 109 -- Accounts Receivable -- This
			 account balance represents the amounts due from or due on behalf of all
			 residents at the end of the fiscal period being reported.
(f) 110 -- Notes Receivable -- This account
			 balance represents the current balance of amounts owed to the facility (payee)
			 that are covered by a written promise to pay at a specified time, and is signed
			 and dated by the maker.
(g) 111 --
			 Allowance for Doubtful Accounts -- This account balance represents amounts owed
			 to the facility and estimated to be uncollectible.
(h) 115 -- Employee Advances -- This account
			 balance represents amounts paid in advance to employees for salaries or wages
			 that will be liquidated in the next payroll cycle following the closing date of
			 the financial statement.
(i) 120 --
			 Inventory -- This account balance represents the cost value of inventory on
			 hand at the end of the reporting period.
(j) 125 -- Prepaid Expenses -- This account
			 balance represents the cost value of paid expenses not yet incurred covering
			 regularly recurring costs of operation like rent, interest, and
			 insurance.
(k) 149 -- Other Current
			 Assets -- This account balance comprises all current assets not identified
			 above. Each item in this account, including short-term savings certificates,
			 must be explained on Schedule A to Form SPD 35 or SPD 35A.