Cal. Code Regs. Tit. 22, § 97046.1 - Required Reports
(a) An
organization that operates, conducts, owns, manages, or maintains a skilled
nursing facility or facilities licensed pursuant to subdivision (c) of Section
1250
of the Health and Safety Code shall prepare and file an annual consolidated
financial report to the Department.
(b) The annual consolidated financial report,
as defined in Section
97046 subsection (a), shall be
reviewed by a certified public accountant. If the annual consolidated report is
audited by a certified public accountant, the audit report shall be submitted.
If the audit report does not include all of the required statements, those
statements shall be reviewed by a certified public accountant.
(1) The audit or review for compliance with
GAAP for items (1) through (5) in subsection (c) shall be in accordance with
GAAS and SSARS.
(2) Items (6) and
(7) in subsection (c) shall be reviewed for compliance with the Accounting and
Reporting Manual for California Long-Term Care Facilities, incorporated by
reference in Section
97019.
(c) The annual consolidated financial report
shall include, but not be limited to, the following statements:
(1) A balance sheet detailing the assets,
liabilities, and net worth at the end of the fiscal year.
(2) A statement of changes in equity, also
referred to as a statement of retained earnings, for the fiscal year.
(3) A statement of income, expense, and
operating surplus or deficit for the fiscal year.
(4) A statement of cash flows, including
ongoing and new capital expenditures and depreciation.
(5) A combined financial statement that
includes all entities reported in the consolidated financial report, unless the
organization is prohibited from including a combined financial statement in a
consolidated financial report pursuant to a state or federal law or regulation
or a national accounting standard. When applicable, the organization must
disclose to the office the applicable state or federal law or regulation or
national accounting standard.
(6) A
Statement of Patient Census by payer.
(7) A Statement of Patient Revenue by payer
and by routine and ancillary revenue center.
(d) The organization as specified in
subsection (a) shall submit to the Department the individual financial
information required by subsection (c) from each operating entity,
licenseholder, and related party in which the organization has an ownership or
control interest of 5% or more and that provides any service, facility, or
supply to the skilled nursing facility.
(e) The organization as specified in
subsection (a) shall submit to the Department a document outlining a visual
representation of the organization's structure that includes:
(1) All related parties in which the
organization has an ownership or control interest of 5 percent or more and that
provide any service, facility, or supply to the skilled nursing
facility.
(2) Unrelated parties
that provide services, facilities, or supplies to the skilled nursing facility
or facilities that are operated, conducted, owned, managed, or maintained by
the organization, including, but not limited to, management companies and
property companies, and that are paid more than two hundred thousand dollars
($200,000) by the skilled nursing facility.
(f) If any component in subsections (c), (d),
or (e) is not included an explanation must be given.
(g) The Department shall assess documents to
determine compliance with this Article.
Notes
Note: Authority cited: Section 128810, Health and Safety Code. Reference: Section 128734.1, Health and Safety Code.
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